Your trading style

Hey guys,

I'm new to this site and was curious what style every body trades. For example, what's your:

1. Average trades per day, week, or month?
2. Average time in trade?
3. Market/Instrument do you trade?
4. What size stop losses do you use?
5. What indicators, time frames do you use?

Being the first to post this thread, I'll answer the questions myself:

1. Average 4 trades a day
2. Average 6 minutes in trades
3. Trade the TF (Formerly the ER2)
4. I use a MAX of a 5 tick stop loss
5. I use price, MACD, and Bollinger bands

I look forward to talking with you guys on here...

Chris
 
Welcome Chris!

1. Average trades per day, week, or month?

On futures, 3-4 per day, roughly. Today I overtraded quite successfully for a bunch of 'base hits' (kind of hard not to scalp like crazy today on top of looking for planned trades) but normally 3-4 quality trades/day is the average I say.

2. Average time in trade?

Fairly quick ... I'd say 5-10mins. If I don't get the initial move I'm expecting in 1-2 minutes, though, I'll take whatever profits I'm at and reevaluate things or if I'm down I'll start looking for an exit at b/e or better (hopefully!) since obviously I didn't plan it right to begin with -- and besides, market hesitation scares me when I'm in a position that's just 'hovering' there on the chart. Murphy's Law will have me on the wrong side of the trade whenever that 'hover' turns into a 'pop' or 'drop' so I'll exit stage left and preserve capital when my instinct says so. :)

3. Market/Instrument do you trade?

ES and DAX (mostly ES)

4. What size stop losses do you use?

On the ES, 2pt mental, 3pt hard - but it's not automated. I also have a 6pt catastrophic stop on all ES trades in case computer crashes and the market reverses big on me as I reboot.

5. What indicators, time frames do you use?

With respect, because I'm sure you're sincerely trying to learn the Art of Trading and meeting likeminded folks, but I won't answer this question in any public detail. Not because I'm greedy or egotistical, but because after being on ET for the past 2 years, I've noticed this place has a bunch of folks whose sole purpose in life is to debase, attack, bitch, whine, and moan about what someone says they're using as 'their' trading setup. What I use works for me, my timeframe, trading goals, and risk tolerances, and that's all I care about. That said, it's not any one 'system' or 'indicator' that I use but rather is what I've found works for me as the result of lots of research, tons of chart-watching, and yes, newbie trading mistakes early on such as playing with different indicators, chart types, etc, etc, etc. What works for me may not work for you. I will say, though, my charts are VERY, VERY clean....I like the Keep It Simple approach. :)

That said, I do agree 100% with your notion of a trading "style" -- to me, "systems" tend to be rigid and inflexible (ie technical) but "styles" can include the "artistic" (ie nontechnical) aspects of trading that, at least for me, are more important and aligned with what, as I said, 'works' best for me and my personality.

Hope this helps some and kicks this thread off for ya!
 
Quote from rickf:

Welcome Chris!

1. Average trades per day, week, or month?

On futures, 3-4 per day, roughly. Today I overtraded quite successfully for a bunch of 'base hits' (kind of hard not to scalp like crazy today on top of looking for planned trades) but normally 3-4 quality trades/day is the average I say.

2. Average time in trade?

Fairly quick ... I'd say 5-10mins. If I don't get the initial move I'm expecting in 1-2 minutes, though, I'll take whatever profits I'm at and reevaluate things or if I'm down I'll start looking for an exit at b/e or better (hopefully!) since obviously I didn't plan it right to begin with -- and besides, market hesitation scares me when I'm in a position that's just 'hovering' there on the chart. Murphy's Law will have me on the wrong side of the trade whenever that 'hover' turns into a 'pop' or 'drop' so I'll exit stage left and preserve capital when my instinct says so. :)

3. Market/Instrument do you trade?

ES and DAX (mostly ES)

4. What size stop losses do you use?

On the ES, 2pt mental, 3pt hard - but it's not automated. I also have a 6pt catastrophic stop on all ES trades in case computer crashes and the market reverses big on me as I reboot.

5. What indicators, time frames do you use?

With respect, because I'm sure you're sincerely trying to learn the Art of Trading and meeting likeminded folks, but I won't answer this question in any public detail. Not because I'm greedy or egotistical, but because after being on ET for the past 2 years, I've noticed this place has a bunch of folks whose sole purpose in life is to debase, attack, bitch, whine, and moan about what someone says they're using as 'their' trading setup. What I use works for me, my timeframe, trading goals, and risk tolerances, and that's all I care about. That said, it's not any one 'system' or 'indicator' that I use but rather is what I've found works for me as the result of lots of research, tons of chart-watching, and yes, newbie trading mistakes early on such as playing with different indicators, chart types, etc, etc, etc. What works for me may not work for you. I will say, though, my charts are VERY, VERY clean....I like the Keep It Simple approach. :)

That said, I do agree 100% with your notion of a trading "style" -- to me, "systems" tend to be rigid and inflexible (ie technical) but "styles" can include the "artistic" (ie nontechnical) aspects of trading that, at least for me, are more important and aligned with what, as I said, 'works' best for me and my personality.

Hope this helps some and kicks this thread off for ya!

Very nice post.
 
Quote from rickf:

Welcome Chris!

1. Average trades per day, week, or month?

On futures, 3-4 per day, roughly. Today I overtraded quite successfully for a bunch of 'base hits' (kind of hard not to scalp like crazy today on top of looking for planned trades) but normally 3-4 quality trades/day is the average I say.

2. Average time in trade?

Fairly quick ... I'd say 5-10mins. If I don't get the initial move I'm expecting in 1-2 minutes, though, I'll take whatever profits I'm at and reevaluate things or if I'm down I'll start looking for an exit at b/e or better (hopefully!) since obviously I didn't plan it right to begin with -- and besides, market hesitation scares me when I'm in a position that's just 'hovering' there on the chart. Murphy's Law will have me on the wrong side of the trade whenever that 'hover' turns into a 'pop' or 'drop' so I'll exit stage left and preserve capital when my instinct says so. :)

3. Market/Instrument do you trade?

ES and DAX (mostly ES)

4. What size stop losses do you use?

On the ES, 2pt mental, 3pt hard - but it's not automated. I also have a 6pt catastrophic stop on all ES trades in case computer crashes and the market reverses big on me as I reboot.

5. What indicators, time frames do you use?

With respect, because I'm sure you're sincerely trying to learn the Art of Trading and meeting likeminded folks, but I won't answer this question in any public detail. Not because I'm greedy or egotistical, but because after being on ET for the past 2 years, I've noticed this place has a bunch of folks whose sole purpose in life is to debase, attack, bitch, whine, and moan about what someone says they're using as 'their' trading setup. What I use works for me, my timeframe, trading goals, and risk tolerances, and that's all I care about. That said, it's not any one 'system' or 'indicator' that I use but rather is what I've found works for me as the result of lots of research, tons of chart-watching, and yes, newbie trading mistakes early on such as playing with different indicators, chart types, etc, etc, etc. What works for me may not work for you. I will say, though, my charts are VERY, VERY clean....I like the Keep It Simple approach. :)

That said, I do agree 100% with your notion of a trading "style" -- to me, "systems" tend to be rigid and inflexible (ie technical) but "styles" can include the "artistic" (ie nontechnical) aspects of trading that, at least for me, are more important and aligned with what, as I said, 'works' best for me and my personality.

Hope this helps some and kicks this thread off for ya!

Thanks for the great reply. I hope I'm able to stay clear of the whinners.
 
Quote from chrisdunn:

Hey guys,

I'm new to this site and was curious what style every body trades. For example, what's your:

1. Average trades per day, week, or month?
- Normally, depending on the amount of price action or the strength of the trend, and or the number of market upsets (govt. announcements an/or economic announcements), I'm at about 2-5 trades a day.

2. Average time in trade?
Generally after about 2 hours, if the price is not coming around to my original cause for entering the trade I'll re-assess the situation and look for an equitable exit point.

3. Market/Instrument do you trade?
YM / FOREX

4. What size stop losses do you use?
Depends on the set-up and the cause for the trade. It the trade is based on purely technical or price movement, I'll probably keep a tighter stop than if I'm making a contrarian trade or a gap trade, where we are simply being in the market to wait around to high probability economics to play out.

5. What indicators, time frames do you use?
Well, considering that there have been successful traders since the beginning of markets, I remain a bit opposed to overtly narrow or overly complex indicators. We are dealing with chaos theory, and the infamous random walk, so unless one indicator is the solve all solution to predicting the path of the hurricane, I think that simplicity is a key ingredient for aiding us human actors in the world of randomness. For my own trading, I try to stick to the old standards used by floor traders or those who operated before the new electronic insanity came about. Pivot points would be an example of this, and I do think that they can still be used today as one piece of the puzzle which - like many indicators - do not necessarily tell you what to do, but rather alert you to the all more important call to action - when you are wrong.

Happy trails...

Redeye.

Being the first to post this thread, I'll answer the questions myself:

1. Average 4 trades a day
2. Average 6 minutes in trades
3. Trade the TF (Formerly the ER2)
4. I use a MAX of a 5 tick stop loss
5. I use price, MACD, and Bollinger bands

I look forward to talking with you guys on here...

Chris
 
1) 3-6 trades per day

2) 5-20 mins per trade (average is around 10)

3) ES

4) 1.5 - 2.5 pnts w/ a r:r at least 1.5 : 1 or else no trade.

5) 5,15 and 60 min TF's and 1 min TF to get an exact entry

Indicators: Moving averages, price, and volume
 
Quote from wiesman02:

1) 3-6 trades per day

2) 5-20 mins per trade (average is around 10)

3) ES

4) 1.5 - 2.5 pnts w/ a r:r at least 1.5 : 1 or else no trade.

5) 5,15 and 60 min TF's and 1 min TF to get an exact entry

Indicators: Moving averages, price, and volume

why and when did you switch to es?
 
Quote from RedEyeFly:


Thanks for your input... How do you like Forex compared with E-minis?

In my experience, the ES and former ER2 move a lot smoother than most currency pairs I've seen. Also, I like the activity 9:30-11:00 AM on the ICE and CME.

My best,

Chris Dunn
 
Back
Top