Dave Vallieres, the creator of the Market Timer system, started trading in 1974 at the age of 16 on his father’s account. He was hooked when he doubled my money on his very first investment.
A few years after getting married he started trading options on the OEX index. From March to July 1987 he doubled his trading account. He felt the market was about ready to decline and purchased $16,000 worth of puts on the OEX in July 1987. Alan Abelson, the editor of Barron’s wrote in an editorial that week stating (paraphrasing) “a retail investor bought $16k worth of puts so the market will continue to go higher”. He used Dave’s trade as a ‘contrarian’ indicator. On October 19, 1987 the market declined 22%. However, the puts had expired in September and he lost the entire bet. That did not stop nor deter him. He continued to study the market intensely.
After 4 years of college, becoming a consultant to the Mayor of Boston in the early 1990’s, Dave decided to move back to central NY where he grew up. He raised four children and spent a total of about 15 years in public service.
He was the as CEO of two separate not-for-profit community development agencies in central NY, one after the other, overseeing millions of dollars in public funded projects. After a few years in those positions, he received a call from the mayor of the city he lived in and was appointed Director of Economic Development and Deputy Commissioner of Housing and Urban Development.
He left public service to start an internet publishing business in 1999. Over the next several years he made millions publishing online. In 2008 he semi-retired and has focused only on trading.