Eric entered the workforce during the summer of 2007 as an apprentice tradesman just before the big crash and recession which followed. The impact of which strongly inspired his interest in the financial industry and began him as a student of the markets. Eric worked throughout the following years developing strong communication skills and risk management practices in the aviation and marketing industries before ultimately getting licensed and turning his passion into a career as a market strategist with RJO Futures.
Eric specializes in trend following strategies in metals, stock indices, energies, grains, softs.
Supply and demand data ultimately determines the long term trend direction. However, Eric uses basic chart patterns and price action to determine the impact news and information has upon the markets, which provides insight to the short term volatility and provides clarity on timing for entry and exit of a position.
Strengths and Trading Philosophy
There are opportunities in the futures markets each minute of every trading day. Spreads and option strategies are utilized by Eric as they present themselves. These opportunities may tend to take place after a long buildup or extreme events. When they reveal themselves, he believes in using discipline during the three phases of a complete trading strategy: Information, Action, and Exit. Diligence in acquiring, organizing and reviewing solid and reliable information, coupled with knowing the risk that is involved. Eric's strength is confidence in taking decisive action to use opportunities revealed by the information.
Eric Scoles in the Media
- Yahoo Finance - Gold Up Again as Missing-in-Action Trade Deal Helps
- Yahoo Finance - Gold Perks up After Hours as Trump Signals Nothing New on China
- Yahoo Finance - Gold at 3-Month Low for Third Day as Near-Term Bull Case Erodes
- Yahoo Finance - Gold Loses $1500 Perch as Trump Talks up Prospect of Quicker China Deal
- Investing.com - Coffee Wake Up an Smell The Money