Managing Risk With Lan Turner by Jayanthi Gopalakrishnan
One Tick At A Time
Lan Turner has worked in the financial industry for more than 18 years and has
taught his ideas on stocks, futures, and forex trading to clients, professional
traders, and brokers from around the world. Turner is the CEO of Gecko Software
(www.GeckoSoftware.com) and chief design architect of Track ín Trade
LIVE trading platforms and charting applications. Turner is also president
of PitNews Press and editor-in-chief of PitNews Magazine. He is an author,
publisher, and public speaker, having taught live trading seminars across the
US and internationally. He has also presented at the Chicago Board of Trade
and the Chicago Mercantile Exchange education centers.
Stocks & Commodities Editor Jayanthi Gopalakrishnan spoke with Turner
on June 5, 2013.
Why donít you tell us a little bit about
yourself ó your background, and
how you got interested in trading.
It started in the late 1980s, back
when the Internet was just getting started
and becoming quite popular. I had a
small company that imported modems,
network cards, and hubs. It was a wholesale
distributor of computer hardware.
The Internet was really taking off at that
time, and all the computers needed to
have modems. So I was making quite
a bit of money importing modems and
selling them up and down the street
to all the computer stores here in the
Since I made a chunk of money selling
modems during the Internet boom, I
needed to figure out a way to invest some
of the money. So I started to invest in
the stock market at the time the Internet
boom was beginning. I made a huge haul
on my very first trade.
Most traders will tell you that making
a bunch of money on your first trade is
a big mistake, because then you think
youíre really good when really, you donít
know what youíre doing. That was classic
for me, too. I made a whole bunch
of money in the stock market and then
turned around and quickly lost most of it
and was right back where I started.
I decided that I better figure out how
to do this if I was going to do it, so
I started to study. And thatís when I
started to look into different markets.
I was introduced to the futures market
by a friend of mine, and I started looking
into and researching the futures
market. When I discovered the futures
market, I absolutely loved it.