109 – VWAP Trading with Zach Hurwitz

05 Apr, 2016 / By: Brandon Clay

Volume-Weighted Average Price (VWAP) Specialist Zach Hurwitz on trading for a living.

Zach Hurwitz - Trading Story

Zach Hurwitz is an independent equities trader, trading coach, consultant to emerging hedge funds & proprietary firms, VWAP specialist. Founder of TheVWAP.com.

Podcast Highlights

  • VWAP
  • Mind-Markets-Technology
  • Being able to sleep at night
  • Capturing the meat of a move

From the Trader’s Story

“Trading the markets is the only way to learn how to improve as a trader.”

“Do more of what works, simplify your trading.”

“You don’t want to trade what moves most, you want to trade what moves most reliably.”

“Nobody masters emotion, you identify emotion and then sidestep it.”

Biggest Mistake of New Traders

“They are results oriented instead of process oriented.”

Parting Advice

“Learn to do away with content that is unhelpful.”

Resources Mentioned by Trader

TheVWAP.com

Think or Swim

thepatternsite.com

Favorite Trading Book

Reminiscences of a Stock Operator by Edwin Lefèvre

Hedge Fund Market Wizards: How Winning Traders Win by Jack D. Schwager

Contact:

zach@thevwap.com

Twitter: @zachhurwitz

—-

Indicators are a vital tool in most traders’ toolboxes. Zach Hurwitz uses the VWAP when he trades. Maybe you use that or maybe you don’t. And though Zach found his go-to indicator, it still took him two years to get consistent. I find that interesting – and encouraging – at the same time.

You may have an awesome indicator. Zach likes VWAP, maybe you like something else. But even if you find a great indicator, it still takes some time to get it down and use it properly. In Zach’s case, it took about 2 years. In your case, maybe it’s longer or maybe it’s shorter. The point is, even a great indicator takes some time to implement successfully.

If you can’t tell, I’m giving myself a pep talk using Zach’s experience. He reminds me and everyone listening that this trading thing still takes time even when you have a great indicator. Trading is not about one indicator. It’s a host of things that you and I don’t even know about when we start this journey. It takes a lot of persistence and ultimately it does payoff for those who can decipher this trading thing. Thank you, Zach, for your time.

And thank you guys for listening to the Trading Story podcast. We’ve got a couple more episodes before I’m back with a personal podcast – aiming for that one next Thursday. Until then, suffice to say that my trading in March was horrible – my worst since I started trading for real. I’ll eventually post last month’s results to TradingStory.com/results. This month, I’m simplifying my trading to aim at 1-2 currencies – that’s it. We’ll see how it goes when I go smaller.

Until next time, all the best!

 


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