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    Professional Trader - Ask your questions here for the next few days...

    Price is usually the ultimate determinate of whether I am correct or not, so I try not to argue with it or trade against it (average down - unless that was my original intention). Yes, I much prefer to average in when the price is moving in my direction, even if I have to pay up for it. I...
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    Professional Trader - Ask your questions here for the next few days...

    I've discussed my holding time previously. Scaling is something I do almost always, both entry and exit.
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    Professional Trader - Ask your questions here for the next few days...

    The major trend of the market is most important. And support/resistance levels are important. I derive those levels not from the chart, but from how I remember the price behaving at those levels.
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    Professional Trader - Ask your questions here for the next few days...

    I'm not sure I can give you a good answer. What comes to mind is eliminate what is hurting your trading.
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    Professional Trader - Ask your questions here for the next few days...

    I have looked at insider trading over the years and haven't found it particularly useful so I only look at it on a few occasions. I am constantly monitoring market sentiment. I don't focus on return at all, only as a barometer of whether things are working, not as a goal itself.
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    Professional Trader - Ask your questions here for the next few days...

    That was a difficult transition because it's mostly mental. Looking back, I don't think there was anything I did to make it easier. Just know that when you increase this size, you will always have that initial feeling. But know that it is a necessary step. Focus less on it, and more on...
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    Professional Trader - Ask your questions here for the next few days...

    I think it's a very good question. A successful trade to me is one in which I've captured the opportunity and IMO correctly evaluated the risk/reward.
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    Professional Trader - Ask your questions here for the next few days...

    Mainly risk/reward. Risk is more important than reward. One of the first questions I ask is what is the likelihood my position will be wrong.
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    Professional Trader - Ask your questions here for the next few days...

    I should be igoring this post as well, but I will repond to this just to make things simple and clear. Then I will remain on topic. I mentioned OPM briefly as part of my trading history. Someone has already PMed me inquiring about managing money, and I turned him down, because I don't...
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    Professional Trader - Ask your questions here for the next few days...

    I have 6 charts. 3 of all basic indices (SPX, NDQ, RUS), 1 of the vix, 1 of the tick, and 1 of various (ie. when the market is heavy tech, it will be AAPL) as a barometer.
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    Professional Trader - Ask your questions here for the next few days...

    I tend to look at how I trade relative to opportunities, and then whether or not I traded those opportunities correctly or not.
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    Professional Trader - Ask your questions here for the next few days...

    No, I do trade futures and options intraday as well.
  13. D

    Professional Trader - Ask your questions here for the next few days...

    When such a position reverts, then yes I will close out the long position. During these periods, trading becomes particularly difficult because I am "forced" to open and close positions back and forth.
  14. D

    Professional Trader - Ask your questions here for the next few days...

    There are many days when I am 100% cash.
  15. D

    Professional Trader - Ask your questions here for the next few days...

    Options I trade are front end, so usually 1-3 weeks time frame.
  16. D

    Professional Trader - Ask your questions here for the next few days...

    I don't watch the 200 day MA. But there are times when I will start reading how the market is approaching the 200 day MA so it seems that it is becoming an important level. So I will keep that level in mind. I guess "indirectly" I do watch the 200 day MA. It's just that I don't watch it...
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    Professional Trader - Ask your questions here for the next few days...

    Basic example... Generally, as the market goes down, the vix should go up, and vice versa. When it doesn't, or doesn't to the extent that it should, take note.
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    Professional Trader - Ask your questions here for the next few days...

    I watch the vix intraday tick by tick. It's important especially relative to price.
  19. D

    Professional Trader - Ask your questions here for the next few days...

    I've never found moving averages to be useful in itself. Only when other traders are watching a certain level do I start to watch the same level.
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