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
- Investing.com - In Cocoa's Rally, A Three-Way Fight is Emerging
- Nasdaq - Gold Slips As Signing of Trade Deal and U.S. Data Prop Up Stock Markets
- Yahoo Finance - Gold Dips as Safe-Haven Crowd Reviews China Deal
- Investing.com - Killjoy For Agriculture Traders: Chinese Buying of U.S. Grains Stays Secret
- Yahoo Finance - Gold Creeps Higher, Awaits Next Leg in U.S.-Iran Conflict