When it was bought by CCT Energy of Houston, he became an energy futures trader for the combined company. He quit working in 1994 to spend time with his family- wife Debra and two children, Stephanie and Andrew. He returned to the trading game four years later. At first, he felt out of place. Meanwhile, day traders were jumping on the bandwagon when stocks got hot.
Some people can see the character of the market by watching the tape.
So he returned to his roots - the analysis of a stock's price over a year or more. Sheely spends two hours a night creating stock charts of a company's trading pattern at various intervals, keeping them in binders to review before trading. After he chooses a stock to buy, he writes the ticker symbol in a calendar book and calls up the stock on his screen the next morning. One of his methods is to compare a stock's trading pattern on that day to its 40-day moving average. Sheely's thinking of starting a school to train traders on charting stocks.