Interview: John Netto, On Trading And Inflection Points by Jayanthi Gopalakrishnan
John Netto is the president of One Shot — One Kill Trading, LLC, and the
author of the book One Shot — One Kill Trading (McGraw-Hill). He is a
principal in Triple Witch Metals Management, a hedge fund focused on the
trading of precious metals, and he frequently contributes market insight
through his blog, “Netto’s Numbers.” Netto is a nine-year US Marine Corps
veteran who served throughout the Far East and speaks, reads, and writes
Japanese and Mandarin. He can be heard regularly on Las Vegas–area radio
to analyze sports handicapping and poker opportunities.
Technical Analysis of STOCKS & COMMODITIES Editor Jayanthi
Gopalakrishnan interviewed John Netto on May 2, 2007, via telephone.
John, how did you get interested
I have always been fand with certain degrees of chaos. The
first kind of risk adventure I went into was
sports betting, when I was eight or nine,
betting on football games. It was nothing
substantial, but it always fascinated me.
Then when I was 11, I saw the movie
Wall Street with Michael Douglas and
Charlie Sheen. The lightbulb went on. I
knew right then and there what I wanted
to do. When I saw the excitement, the
people screaming on the floor of the New
York Stock Exchange, it just hooked me.
So then what happened?
I started researching. I subscribed to
what is now Investor’s Business Daily.
I read The Wall Street Journal, studied
options, read a book when I was 13
called Stock Market Logic, by Norm
Fosback. Back then, I didn’t understand
what technicals were. I didn’t understand
what a moving average was, or
what price action was.
The breakthrough for me came in
1997, my third year in the Marine Corps.
How did you end up in the Marines?
Well, to get there, you have to understand
I ran a gambling operation in high
school. I was a high school bookie. I
ended up with a 1.7 grade-point average,
and when I graduated it was time for me to make a change. So I joined
the Marines and became, of all things,
a weather forecaster. I went from
trying to prognosticate one bit of
randomness to another. I was stationed
in Japan, and because I wanted
to speak Japanese when I was over
there, I studied it and ended up stationed
at the US Embassy in Tokyo.
I worked there for the State Department,
and I had a lot of night watches,
so I started following the US markets
again at night. I opened up my first
E*Trade account for trading and read
as much as I could.
I was assigned back to the United
States in 1998. A while after that, I
happened to read a book titled Trading With DiNapoli Levels by Joe
DiNapoli. That made all the difference.