Deron Wagner and Rick Pedicelli On Swing Trading by Jayanthi Gopalakrishnan
A former hedge fund manager, author of several swing trading books, and frequent guest speaker at various trading and investing conferences, Deron Wagner founded Morpheus Trading Group (MTG), a trading newsletter and education service, in 2002 to share swing trading strategies he learned on his personal journey to become a trader. Through the years, he found that a simple “no-nonsense” approach to technical analysis is an ideal method to trade the markets.
Rick Pedicelli is the co-author of The Wagner Daily and has been working with Deron Wagner at Morpheus Trading since 2004. Prior to The Wagner Daily, he authored Morpheus Trading’s The Stalk Sheet, a trend-based swing trading newsletter, from 2004 to 2013.
STOCKS & COMMODITIES Editor Jayanthi Gopalakrishnan spoke with Wagner and Pedicelli on March 15, 2017 to ask them about the advantages of swing trading versus other styles of trading.
Deron and Rick, how did you guys get interested in the financial markets and what led you to create Morpheus Trading Group?
DW: This is a great time to tell this story because 2017 marks the 15-year anniversary of the company I created. It was right around the dotcom boom and I didn’t know anything about stock trading but I was always good at math and interested in technical analysis. I had a sales job and so was able to work from home sometimes and started out on the side ...