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

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Tell me...Do you Braise or Bake?

Quote from DisciplinedHedg:

Another trader (gnome I believe) did something similar, and I thought it was exceptionally beneficial to many.

So here's my contribution back to ET, since it was one contributor of very many contributors to my success back in the day.

History - I started trading 16 years ago. I began trading professionally and somewhat consistently profitable 11 years ago. I began trading much more consistently as well as managing money several years ago. I've always traded at home and still do.

I trade futures and futures options primarily - ES, NQ, and TF.

I won't answer questions that are personal or that I feel don't have any trading educational value.

I'll answer as many questions as I can in the next few days or when interest wanes whichever comes first. Then I'll have to close it, as I don't have that much free time.

I don't know everything, but I'll do my best to answer questions. So feel free to pick my brain & experience in this thread.

Some require "proof" and this is as much as I will provide - a snippet of my personal H1 2009 statement.
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Quote from Stok:

Would u share the basic principle/strategy of your option writing and hedging with futures? Is it some sort of iron condor, directional, etc? Thanks!
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It will sound simple, such that you will think that I am insulting you but I am not.

I sell puts or buy futures when I think the market is going up, and I sell calls or sell futures when I think the market is going down.

So, I guess it's in knowing when the market may or may not turn. I don't have a strategy for the "knowing" of that.

I will hedge when I think there is a large chance the market will move against me.
 
Do you mind telling us what is your background? Are you in the financial industry already? A math professor? Something like that..:)
 
It seems to be taken as gospel that the longer the time frame -- 60 minutes vs 5 minutes -- the "truer" the signals are.

Yet when a novice has a small account he needs to trade with stops he can afford -- both financially and psychologically.

I am currently trading a single NQ contract using two pt. range bars at the open and, once it calms down, switching to 5 minute chart. I like the $5 tick.

I use only price action, risk $70 or less per trade and try to move my stop up once I have 12 ticks. I try to stay in the trade as long as the PA tells me to.

Am I making a mistaking trading in such a short time frame? The alternative is to up the time frame and be prepared to risk more on a single losing trade.
 
Quote from Copernicus:

why would SAC blow up? many sector specialists across the board with relatively shorter holding period , none of the highly leveraged arb bs, doing some private equity..
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You should ask buylosellhi because I dont, specially now that their are more fundamental and long term oriented.
 
Quote from Swan Noir:

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Am I making a mistaking trading in such a short time frame? The alternative is to up the time frame and be prepared to risk more on a single losing trade.
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In my opinion, trade in whichever time frame you are comfortable with. You can be profitable in any time frame, but you won't be comfortable in any time frame.

Also, trade in a manner in which you see yourself trading in the future.
 
Quote from Copernicus:

Hi DisciplinedHedg

How much market research do you do on nightly basis ?
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On average, not much, maybe 10-20 minutes.

There is not as much research needed when trading indices. Mostly reading headlines and a few commentaries.
 
1. Do you prefer tranding markets or ranging? Which is more comfortable for you?
2. Have you ever traded lower TF -5,15,60 minutes? What makes you to choose daily?
 
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