Interview: Swing Trading With Sylvain Vervoort by Jayanthi Gopalakrishnan
Sylvain Vervoort’s career started with Bell Telephone, which was in those days an ITT-owned telecommunications company. As a support engineer for private communication systems in export sales, he was introducing systems and training people in many parts of the world. He later moved onto CERBERUS, a Swiss security company bought by Siemens in 1998, where he was responsible for product management. There, he was involved with computers and software since the early days of microcomputing after the invention of the transistor computer and the birth of the Intel 8008 microprocessor.
His first computer was a homemade copy of the Tandy TRS80 (which was made by Radio Shack) with the maximum allowable amount of memory for the time — 48 KB of RAM. He has always been fascinated by computer hardware, computer programming, and later on, technical analysis of the stock market. His book Capturing Profit With Technical Analysis, published by Marketplace Books, received the AXIOM Business Books Awards bronze medal in 2010. His DVD Ground-Breaking Band Indicators includes an autotrading expert system. We have published a couple dozen articles by him in this magazine, including a popular seven-part series last year on indicator rules for a swing trading system. Many of his S&C articles over the years have received our Readers’ Choice Award in the “favorite articles” category, as voted on by S&C readers. You can follow his weekly technical analysis of the S&P 500 index and the forex pair EUR/USD at his website, www.stocata.org.
STOCKS & COMMODITIES Editor Jayanthi Gopalakrishnan interviewed Sylvain Vervoort via email in mid-March 2014 about how to profit from swings in the markets.
Sylvain, tell us about how you got interested in technical analysis.
The European Option Exchange (EOE) was founded in 1978 in Amsterdam as a futures and options exchange. I believe it was 1979 when an enthusiastic stock trading colleague at work talked to me about the possibility of trading options. He convinced me that this was the place to be — make a lot of money with little starting capital.
With a group of other colleagues, we gathered some 400,000 Belgian francs (some 10,000 US dollars) to start an option investment club. I was going to make the trades based on technical analysis, and everybody would become rich in no time! A few months later, the money was gone. Luckily, we continued our meetings at a nearby Chinese restaurant, so it wasn’t all sad.