Measuring Market Internals With L.A. Little by Jayanthi Gopalakrishnan
L.A. Little, who is a professional money manager trading his own accounts
while managing investment funds for qualified investors from his Coloradobased
office, is the author of three books (Trade Like The Little Guy, Trend
Qualification And Trading, and Trend Trading Set-Ups) and has written
extensively for many popular publications such as Active Trader, TheStreet.
com, RealMoneyPro.com, MarketWatch.com, Minyanville.com, and Technical
Analysis of Stocks & Commodities. He writes daily on his website Technical
Analysis Today (www.tatoday.com), which offers services that implement the
concepts he espouses. He may be reached at firstname.lastname@example.org.
Stocks & Commodities Editor Jayanthi Gopalakrishnan interviewed Little
on January 5, 2012.
L.A., can you tell us about your
background and how
you got interested in the
I was raised on a ranch in Texas, and
that led me to my first experience with
the markets. My father had a herd of beef
cattle — I don’t remember the exact time,
but it was around the autumn of 1973 —
and he was trying to figure out the best
time to sell his herd. Because of the oil
embargo that was taking place at that
time, there was a lot of inflation.
The question we faced was, “How do
we time the market?” I was fascinated
by the idea. Although I didn’t act on
that curiosity until much later, that was
my first experience with realizing that
there was this dynamic system out there
where things got priced. And that those
with products to bring to market have to
try to figure out when is the best time
We were rudimentary in our approach,
and we were absolutely wrong when we
sold! But that was my first experience
with the market. When I began trading
— around 1988 or 1989 — I traded the
commodity markets. That was where I
tried to make my fortune, so to speak.
Being able to leverage your money like
you can in the commodity markets and
the potential to become a millionaire overnight was enticing. But like most
people, I lost my money.