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How do you trade?

  • Post #1
  • Quote
  • First Post: Edited 4:11pm Apr 8, 2015 3:57pm | Edited 4:11pm
Hi all,

I'm trying to get an overview of how other people trade the markets. I think it will be really informative and interesting. I hope to get a wide range of responses, so please respond if you have a moment.

Things I'm interested in:
1) Which chart do you prefer?
2) Are you a scalper or long-term trader?
3) How much time do you spend trading (e.g., each week)?
4) Do you use SL and TP?
5) Fundamentals or technical analysis?
6) Favorite trading system?
7) Most used trading tools (e.g., moving averages, SR lines, etc.)?
8) Most important thing you have learned since you started trading?
9) Does trading make you stressed out?
10) Do you follow strict money management rules?
11) Do you feel content with your system or are you still searching for a better one?
12) Would you say that you have been successful in the markets?

These are just examples. Respond however you want to! Think of it as a mini biography into your life as a trader. I just want to get an insight into how YOU trade.

It can be as long or as brief as you want it to be. If you could take a second to respond I'd really appreciate it. Any info gathered is just to satisfy my curiosity and help all of us learn more about the markets.

Also, maybe just for fun: If you could follow any style of trading and be successful with it, what would it be like?

Thank you!
I am NOT an expert. I post to learn from others.
Hi, you forgot to add a question:
13) which financial instrument do you use? (forex, cfd, futures, stock, commodities, options, bonds, ecc...)
My analysis is based on Delta phenomena cycles. Price movement is not random as commonly believed. I solved a basic problem with Delta and their inversions and figured out how to eliminate the inversions. I admit, I am not a good trader. Trade psychology is my down fall. I need to exercise more patience and trade less frequently. I started a thread about my trading along with the Trade Explorer.
Price movement is not random!!
Quoting 4xis2ez
My analysis is based on Delta phenomena cycles. Price movement is not random as commonly believed. I solved a basic problem with Delta and their inversions and figured out how to eliminate the inversions. I admit, I am not a good trader. Trade psychology is my down fall. I need to exercise more patience and trade less frequently. I started a thread about my trading along with the Trade Explorer.
Cool, thanks for responding.

I know nothing about Delta cycles -- I will check out your thread.
I am NOT an expert. I post to learn from others.
I hope my thread doesn't scare anyone off. I simply like to learn from others. I have no idea if most people are scalpers, long-term traders, or somewhere in the middle.

I think trading is very personal and there are so many possibilities. It's very fascinating.

For instance:
Maybe you are like a sniper, carefully monitoring your charts, waiting for that perfect setup so that you can pull the trigger on a scalping trade.
Or maybe you spend your time watching the monthly charts, waiting patiently for the next big move.
Or maybe you just set your computer EA and forget it!

Whatever you do, please, share your story!
I am NOT an expert. I post to learn from others.
1) M1, M5
2) Short term day trader
3) 6 hours / day, + or -
4) Yes
5) Technical
6) My own
7) Pivots, stochastic, some S/R levels
8) Don't take anyone's word for anything....test for yourself and don't listen to any 'guru's'.......especially at FF
9) No
10) Yes, but rules get bent (not broken) depending on the situation
11) Content
12) More and more as each day goes by
Doing what you like is Freedom. Liking what you do is Happiness.
Quoting realjumper
1) M1, M5 2) Short term day trader 3) 6 hours / day, + or - 4) Yes 5) Technical 6) My own 7) Pivots, stochastic, some S/R levels 8) Don't take anyone's word for anything....test for yourself and don't listen to any 'guru's'.......especially at FF 9) No 10) Yes, but rules get bent (not broken) depending on the situation 11) Content 12) More and more as each day goes by
Cool.
I am NOT an expert. I post to learn from others.
1) 15M, 1HR, 4HR and 1D
2) Medium to long term
3) On average at least 8 hrs a day, with a lot of breaks away from the screens, for example to do something in the house.
4) Yes, always, unfortunately sometimes i change them while i should not. On the other side, sometimes it saves me a lot of money, so i am happy with that.
5) Both, but no news scalping, i use fundamentals to analyze longer term.
6) I do not really believe in systems, i think everyone can find their edge in the market by experience and knowledge of the market and everything that goes on in the market.
You just know what to do, without having to analyze 10 different indicators and 10 news feeds.
7) None
8) Bulls make money bears make money pigs get slaughtered!
9) Sometimes
10) Yes
11) Like i said before, i do not believe in systems, and to achieve entrepreneurial success, you can never know too much! I never stop learning, reading, ...
12) Yes, there are a few details which needs to improve. But i am very happy with the progress i made last years.
Quoting Dkam
1) 15M, 1HR, 4HR and 1D 2) Medium to long term 3) On average at least 8 hrs a day, with a lot of breaks away from the screens, for example to do something in the house. 4) Yes, always, unfortunately sometimes i change them while i should not. On the other side, sometimes it saves me a lot of money, so i am happy with that. 5) Both, but no news scalping, i use fundamentals to analyze longer term. 6) I do not really believe in systems, i think everyone can find their edge in the market by experience and knowledge of the market and everything that...
Thanks for sharing!
I am NOT an expert. I post to learn from others.
Quoting Phantom-X
Hi all, I'm trying to get an overview of how other people trade the markets. I think it will be really informative and interesting. I hope to get a wide range of responses, so please respond if you have a moment. Things I'm interested in: 1) Which chart do you prefer? 2) Are you a scalper or long-term trader? 3) How much time do you spend trading (e.g., each week)? 4) Do you use SL and TP? 5) Fundamentals or technical analysis? 6) Favorite trading system? 7) Most used trading tools (e.g., moving averages, SR lines, etc.)? 8) Most important thing...
Hi

(i) I don't think you can "trade" with fundamental analysis purely. In conjunction with technicals, sure, but you'd be an investor if you're going purely by fundamentals.

(ii) Am trained professionally in fundamental analysis, but for my own account i use 90% technicals, 10% fundamentals. i.e. I trade the hell out of things with a fundamental basis to do so. e.g. value, growth situations.
Well, Always following Fundamental analysis about eur-usd before placing any order
1. 5M 30M 1 hour 4 hour
2. medium-term (swing)
3. less than 10 times a week. Occasionally 'no trading day'
4. SL - Always. TP - Never
5. Fundamentals first --> then move to TA
6. prefer not to say
7. MA, Stochastic and volumes
8. stop loss is a must!
9. yes
10. yes
11. always try to improve my existing system
12. I cant say
Forex? Futures?
Jeremy Jongsuk Oh All Time Return: 599.2%
1) Which chart do you prefer? Daily
2) Are you a scalper or long-term trader? Usually in a position 12 hours or more
3) How much time do you spend trading (e.g., each week)? 30 minutes a day and most of that is recording and calculating
4) Do you use SL and TP? Always -but adjust every 12 hours
5) Fundamentals or technical analysis? Quantitative
6) Favorite trading system? The one you develop yourself
7) Most used trading tools (e.g., moving averages, SR lines, etc.)? Correlations
8) Most important thing you have learned since you started trading? My weaknesses
9) Does trading make you stressed out? No
10) Do you follow strict money management rules? Yes
11) Do you feel content with your system or are you still searching for a better one? Content - but always searching for new ideas
12) Would you say that you have been successful in the markets? Yes

you probably have read this before somewhere Phantom-X.

"Look, for example, at this elegant little experiment. A rat was put in a T-shaped maze with a
few morsels of food placed on either the far right or left side of the enclosure. The placement of
the food is randomly determined, but the dice is rigged: over the long run, the food was placed
on the left side sixty per cent of the time. How did the rat respond? It quickly realized that the left
side was more rewarding. As a result, it always went to the left, which resulted in a sixty
percent success rate. The rat didn't strive for perfection. It didn't search for a Unified
Theory of the T-shaped maze, or try to decipher the disorder. Instead, it accepted the inherent
uncertainty of the reward and learned to settle for the best possible alternative.

The experiment was then repeated with Yale undergraduates. Unlike the rat, their swollen
brains stubbornly searched for the elusive pattern that determined the placement of the reward.
They made predictions and then tried to learn from their prediction errors. The problem was that
there was nothing to predict: the randomness was real. Because the students refused to settle
for a 60 percent success rate, they ended up with a 52 percent success rate. Although most of
the students were convinced they were making progress towards identifying the
underlying algorithm, they were actually being outsmarted by a rat."

- Jonah Lehrer, How we Decide
if you don't do your maths, the maths will do you.
Quoting BubaYaga
1) Which chart do you prefer? Daily 2) Are you a scalper or long-term trader? Usually in a position 12 hours or more 3) How much time do you spend trading (e.g., each week)? 30 minutes a day and most of that is recording and calculating 4) Do you use SL and TP? Always -but adjust every 12 hours 5) Fundamentals or technical analysis? Quantitative 6) Favorite trading system? The one you develop yourself 7) Most used trading tools (e.g., moving averages, SR lines, etc.)? Correlations 8) Most important thing you have learned since you started trading?...
Thank you. The paragraph at the end is ingenious.
I am NOT an expert. I post to learn from others.
  • Post #15
  • Quote
  • Last Post: Apr 14, 2015 4:49am Apr 14, 2015 4:49am
1) Weekly, Daily
2) Long term/Swing trader
3) Not much, maybe 20 minutes per day. Spend more time looking at economic indicators and reading economic reports
4) I use S/L, no TP
5) Both fundamental and technical
6) My own system, which kind of resembles Dr Elder's Triple Screen Trading system (without the technical indicators)
7) Economic indicator charts
8) Analyze currencies individually, don't try to analyze currency pairs
9) No
10) Yes
11) Content
12) Yeah, but everyone says that, and most of us are full of shit.
si hoc legere scis nimium eruditionis habes
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