Jim Patterson began his career in
the investment business as a retail account executive with
Dean Witter Reynolds in early 1990. After completing a
rigorous training program, which included time in New York
working at the World Trade Center, Jim set to work. In
just 18 months he earned the status of Vice President of
Investments and a nice window office. But after a couple
of years, Jim realized the culture of a large wire house
was not conducive to providing the kind of objective and
independent advice he wished to give to his clients.
So, In 1992, Jim moved from Dean
Witter to Robinson-Humphrey, a smaller regional firm where
he was able to give to his clients a much higher level of
personal service. At Robinson-Humphrey, it was not long
before Jim was winning growth and goal contests. And it
was here that he started doing his own research and
analysis, and also began developing his technical trading
plans.
The relationship with
Robinson-Humphrey was a good one and lasted until 1997.
But in 1997 Jim realized the bulk of his clientele was
more interested in his research and market opinion than
his firm's opinion. So, he left Robinson- Humphrey to
start his own company, Patterson Capital, Inc.
One day in 1998 one of his clients
called up and queried, "What should I do in my new E-trade
account?" It was this phone call that sparked the idea of
offering his opinion and trading ideas as an independent
research service to the growing "do it yourself" sector.
In July 1999 Jim launched his first advisory service,
Reggie on Wall Street. In 2001 the name was changed to
Tactical Trading Outlook. Also in 2001 Jim
hosted his own radio talk show called Tactical Trading
and Investing.
In late 2001 Jim developed the
"Type 3 Tactical Trading System" in cooperation with 21st
Century Investor Publishing and Phil Erlanger Research.
This short-term trading program was met with considerable
enthusiasm by traders and the results were very good.
In 2003 Jim added a longer-term
“long only” portfolio to Tactical Trading Outlook
called Hop&Pop trades. The Hop&Pop portfolio is based on
the cup-with-handle volume breakout concept made popular
by William O’Neil, publisher of Investors Business Daily.
Expecting 2003 to be a very good year for stocks, Jim
introduced the Hop&Pop portfolio in April 2003, a time
when many analysts were bearish. The timing of the Hop&Pop
launch was excellent and the portfolio continues to rack
up solid gains today.
In 2004, sensing that a more
difficult market environment was just ahead Jim added the
Flop&Drop portfolio as a “short only” complement to
the Hop&Pop portfolio. Many of these stocks did well in
the Spring ’04 sell-off.
Being something of a mathematician
and computer whiz, Jim continued his search for
ever-better trading plans. And in early 2004, he noticed
during his research the remarkable performance (over many
years) of one of his favorite market indicators, the 3-Day
Dow Trend. Soon, Jim began to see its potential as a
simple but powerful wealth building plan. It took several
months of backtesting, study, and refinement to sort out
all the details and convert the indicator into a reliable
trading plan, but finally in November 2004 the Dow
Double Diamond service was launched. The plan is
based on “hard and fast rules” and is designed to capture
the “back-and-forth” movement of today’s market. Using the
popular Dow Diamonds (DIA), it is ideal for investors
seeking rapid capital growth, as it allows any size
investment and can be used with 2:1 and 5:1 leverage (see
back tested results)
Jim lives in Atlanta, Georgia with
his wife Tami. They have been married for over 11 years.
He and his wife enjoy the company of their two young
daughters and their two dogs. When he is not working or
being kept busy by the girls, he keeps active. Jim is an
avid cyclist and enjoys running and swimming, usually
competing in one or two triathlons during the warmer
months of the year.
