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

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At this point i have doubts that DH is a profesional trader but that doesnt mean(to me) DH is not a good trader, dear ones. Maybe.
I could be wrong, but it looks like DH is a profesional working with Internet click ad campaigns. Trading may be an avocation for him.
An important one to him at that.

cheers
 
Quote from sekyst1974:

You said no "personal questions", but maybe you can answer these in a general vague sense without a lot of detail. What did you do before going professional? What is your educational background?

I have a biological science background. Economics courses in college are as much formal financial exposure as I have had.
 
Quote from DisciplinedHedg:

The 100% cash periods will usually occur right after expiration. Much of the time I will hold options until expiration. But there are occasions when I feel I can reposition at a better price (time decay, spread, and vol decay prevent this from happening too often), so I will close the options position and look to reenter later.

Most of the time I will hedge completely.

actually I was more interested in the 2nd part of my question...do you use delta's to hedge and in what ratio? thanks
 
Quote from RichardRimes:

actually I was more interested in the 2nd part of my question...do you use delta's to hedge and in what ratio? thanks

I don't calculate deltas to hedge. Unless expiration is far away, I'm usually hedging the position completely. I suppose that is taking delta into consideration in a way.
 
Quote from eminitrader007:

Targets and Trailing Stops

How do you use those?

Targets - already answered this I believe. I don't have formal price targets.

Trailing Stops - I've only used them once or twice I think as far as I can remember. And actually in those instances I think I benefited from them.
 
Quote from rcj:

At this point i have doubts that DH is a profesional trader but that doesnt mean(to me) DH is not a good trader, dear ones. Maybe.
I could be wrong, but it looks like DH is a profesional working with Internet click ad campaigns. Trading may be an avocation for him.
An important one to him at that.

cheers

I see now why you keep coming back to this question.

If you google my username, you find someone else with the same username in another forum. I find this more than a coincidence as well, but that is not me and I don't know why they have the exact same username.

If you google my username, the ET is me as well as Mike's website. The financevisor and SEO, I do not know what those are.

All I can say is that I've been on ET since 2002 and have only had a similar username in Mike Morgan's website on a few posts. I chose this username, because in trading I've always found discipline and hedging to be important.
 
A follow up question please. Is the strange formation on my chart considered a stimulated package?

:cool:

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DH, Thanks for the discussions. Any pointers on learning to read the tape and internals? I found alot of time gauging the buying and selling and let the market dictates my entries and exit without hopes often lead to relatively small "sure" profits in ES... sometimes it does allow for a better run but not as often as I would like... maybe it's the summer... still experimenting this type of trading.
 
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