He started off as a veterinarian, then took an apprenticeship of sorts for a couple years. Hubert Senters has been trading for over 18 years and his style is as unique as his Kentucky accent.
"My style is a little weird," Senters said on Benzinga's pre-market Internet broadcast. He describes himself as a 'good old-fashioned' tape reader and will use candlesticks. "I take losses on lots of trades, but usually very small (loses). I have a win/loss ratio of about 42 percent.
"Paper trading is good. You can learn how to hit the buttons, but after that, there's a gap analysis that (you should) narrow over time."
Senters is a big proponent of Ichimoku, a technical analysis method that builds on candlestick charting to improve the accuracy of forecast price moves. "It's the best way to teach people about technical analysis. Only takes a couple hours and is really simple -- it just looks complicated."
Senters dropped out of college early and started fleet maintenance on wheels. He came across a transmissions guy who, in his backroom desk, broke him into the trading business. Senters said the man had 400 equities on two screen with no charts, and once saw him make $32,000 in 18 minutes
He trades a little bit of everything, but said he is about a 70 percent swing trader and 30 percent day trader nowadays.
"The guy who taught me was ballsy trader. He would take everything we had and put it in one trade," Senters said. "We could go long or short, scan the close(then) walk in the mornings and have six-figure swings."
Senters also does a lot of overnight trading, saying you can do damage with futures after the markets close.
Regarding social stocks, he said Facebook (NASDAQ: FB) is still decent, with a valid uptrend. In general, Senters will trade anything with good volume, with $15 set more or less as a benchmark. Most of the stocks he trades are about 35 percent profitable. Speaking on Twitter (NYSE: TWTR) in relation to the Ichimoku, Senters said the company needs some more data to get a better read.
Underneath some laughter, Senters said he never gets smarter once in a trade. He stressed that the market knows what it's doing and traders need to read the numbers it gives them.
"if you're losing money, it's probably not the market -- it's probably your fault."
Posted-In: Hubert Senters IchimokuNews Small Cap Pre-Market Outlook Markets Analyst Ratings Trading Ideas Interview Best of Benzinga
(c) 2013 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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