ET Trading Survey.

Handle123 said:
Most won't respond as most what you ask are edges. Am couple years from totally retiring, going for 50 years so in different position in life than most. 98% of trading in 401k LLC. so not had to pay taxes.

What instrument do you trade?
70-80% of trading is in long term commodities of approx 75 markets.
Intraday about 40 futures btw USA, Eurex and 10 in Forex. Sold all stocks year ago, bought most 2009.

- What candle, bar, etc... size(s) do you prefer to trade?
Always bars, first started hand drawing in late 1970's. Long term monthlies, weeklies, daily's and hourly. Intraday have greatly reduced systems as volatility too high, i trade for consistency, low losing %. So 60, 5, 2, 1 minute charts, one system only uses the Dome.
- What is the typical duration of a winning trade for you?
Each system is based on bars and not time, at 3 bars and not reached targets, target changes to breakeven plus one tick.

- What is the typical duration of a losing trade for you?
Once at BE+1, Full loss or +1, unless reverse formation gives new signal.
- What is your profit target in pips/ticks/points/% profit potential/etc...
Ticks or points or an indicator I developed based on physics, ex price = missile, defensive missile will intercept at what price. So often know target before a signal.

- Do you use a Stop loss? if so, how is it determined?

much backtesting of 10-20 years with tick data. Depending on timeframe, looks at cycling of swings on weekly to minutes past 3 weeks to 3 months.

- Do you use a Time stop? if so, how long?

3 bars intra, 6 bars on longer timeframe.

- How many hours do you spend each week trading? Please Break down into planning/preparation and execution if you don't mind.

all on automation , when am testing new pattern, maybe 5 minutes, but cause of my decades of trading, it is reduced. Most systems designed based on patterns of charts or indicators or volume. So indicator can show trend, but beyond that an indicator will have to show a pattern just like chart patterns. I don't use indicators as they were intended.

- Do you have a professional background in the financial industry?

spotty at best, LOL Tens years of very Part time advise, was licensed long ago, co-owned brokerage for a year in 90's, learned much of how newbies trade. Won couple real money contests.

- Were you a profitable trader in 2023? are you currently green or red for 2024?

Green. Don't aim or keep saying you want to become rich cause subconsciously teaching brain that rich equals how your trading is doing now, you will forever lose money. I always advise to do demo, triple 5k three times before trading attempt. Money is a way to keep score. Keep great STATS, stats shows how you are doing.
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the best, thank you.
 
zghorner said:
stick up or shut up!!
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1) What instrument do you trade? equities/options/futures/etc
For day trades, futures.​
2) What candle, bar, etc... size(s) do you prefer to trade?
Size? Not sure I understand. I usually monitor 1M and 5M candle charts.​
3) What is the typical duration of a winning trade for you?
Where's the next major resistance? However long it takes to get there.​
4) What is the typical duration of a losing trade for you?
Where's the next major support? However long it takes to get there.​
5) What is your profit target in pips/ticks/points/% profit potential/etc...
3 points or more, but if I sense a reversal, I'll reverse or exit for less.​
6) Do you use a Stop loss? if so, how is it determined?
Same as 4.​
7) Do you use a Time stop? if so, how long?
Same as 4.​
8) How many hours do you spend each week trading? Please Break down into planning/preparation and execution if you don't mind.
No prep work, just trading: 6.5 hours/day (regular trading) + 6 hours/day (Globex).​
9) Do you have a professional background in the financial industry?
No.​
10) Were you a profitable trader in 2023? are you currently green or red for 2024?
What the hell does this got to do with you? Come back and ask when you're profitable yourself.​
 
I believe at one time you were a fellow option trader?

- What instrument do you trade? equities/options/futures/etc...
Options, single legs, long

- What candle, bar, etc... size(s) do you prefer to trade?
None
Size(s)? Between 5 to 6 figures each position

- What is the typical duration of a winning trade for you?
Determined at the time the trade is executed: weeks to months

- What is the typical duration of a losing trade for you?
Same as winning trades

- What is your profit target in pips/ticks/points/% profit potential/etc...
~ Reward:Risk = 10:1

- Do you use a Stop loss? if so, how is it determined?
Premium paid is the stop

- Do you use a Time stop? if so, how long?
Expiry is the time stop

- How many hours do you spend each week trading? Please Break down into planning/preparation and execution if you don't mind.
Trade: Placed a dozen to two dozen trades a year so time is negligible
Planning/preparation/trade selection: > a full time job :banghead:

- Do you have a professional background in the financial industry?
No, never

- Were you a profitable trader in 2023? are you currently green or red for 2024?
Profitable both 2023 & 2024, but 2022 was a losing year.

Good luck and best wishes to you.
 
schizo said:
1) What instrument do you trade? equities/options/futures/etc
For day trades, futures.​
2) What candle, bar, etc... size(s) do you prefer to trade?
Size? Not sure I understand. I usually monitor 1M and 5M candle charts.​
3) What is the typical duration of a winning trade for you?
Where's the next major resistance? However long it takes to get there.​
4) What is the typical duration of a losing trade for you?
Where's the next major support? However long it takes to get there.​
5) What is your profit target in pips/ticks/points/% profit potential/etc...
3 points or more, but if I sense a reversal, I'll reverse or exit for less.​
6) Do you use a Stop loss? if so, how is it determined?
Same as 4.​
7) Do you use a Time stop? if so, how long?
Same as 4.​
8) How many hours do you spend each week trading? Please Break down into planning/preparation and execution if you don't mind.
No prep work, just trading: 6.5 hours/day (regular trading) + 6 hours/day (Globex).​
9) Do you have a professional background in the financial industry?
No.​
10) Were you a profitable trader in 2023? are you currently green or red for 2024?
What the hell does this got to do with you? Come back and ask when you're profitable yourself.​
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good stuff thank you.
 
ironchef said:
I believe at one time you were a fellow option trader?

- What instrument do you trade? equities/options/futures/etc...
Options, single legs, long

- What candle, bar, etc... size(s) do you prefer to trade?
None
Size(s)? Between 5 to 6 figures each position

- What is the typical duration of a winning trade for you?
Determined at the time the trade is executed: weeks to months

- What is the typical duration of a losing trade for you?
Same as winning trades

- What is your profit target in pips/ticks/points/% profit potential/etc...
~ Reward:Risk = 10:1

- Do you use a Stop loss? if so, how is it determined?
Premium paid is the stop

- Do you use a Time stop? if so, how long?
Expiry is the time stop

- How many hours do you spend each week trading? Please Break down into planning/preparation and execution if you don't mind.
Trade: Placed a dozen to two dozen trades a year so time is negligible
Planning/preparation/trade selection: > a full time job :banghead:

- Do you have a professional background in the financial industry?
No, never

- Were you a profitable trader in 2023? are you currently green or red for 2024?
Profitable both 2023 & 2024, but 2022 was a losing year.

Good luck and best wishes to you.
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magnificent, thank you.

and no i was never an options trader...options gambler maybe, but never a trader.
 
zghorner said:
been obsessing about trading lately and would like to ask this beautiful community some basic questions.

- What instrument do you trade? equities/options/futures/etc...
- What candle, bar, etc... size(s) do you prefer to trade?
- What is the typical duration of a winning trade for you?
- What is the typical duration of a losing trade for you?
- What is your profit target in pips/ticks/points/% profit potential/etc...
- Do you use a Stop loss? if so, how is it determined?
- Do you use a Time stop? if so, how long?
- How many hours do you spend each week trading? Please Break down into planning/preparation and execution if you don't mind.
- Do you have a professional background in the financial industry?
- Were you a profitable trader in 2023? are you currently green or red for 2024?

Thank you.
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Good grief, dude. I am long 1 MYM DEC contract at 40999.
Why is that not good enough?
 
zghorner said:
magnificent, thank you.

and no i was never an options trader...options gambler maybe, but never a trader.
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Definition of a gambler: Place bets against long odds, low probabilities.

That describes those of us trading single legs, go long only with large R:R and low probability.

I am the gambler, not you.
 
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