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

You must be a real hit at parties, eh?

 

Do you want some of my Vicotin to ease your carpal tunnel after answering all these questions?

 

It works fine here, just click it to open, then click on the expand button at the bottom right.

Schaefer

 

I have never calculated any of these ratios. But I'll guesstimate.

I use mental stops. The stops are usually a $ amount of pain rather than a %. And it fluctuates depending on how much profit I've had recently and depending on support/resistance levels.

My success win is high with the occasional medium sized loss that will eat up about 1-3 weeks past gains.

 

Do you use a stand alone screen for your porn?

 

Besides the indices, I only watch the tick and vix. And all those have support/resistance levels.

I've found time frame is extremely important. I cannot emphasize this enough. It is important because it is the major factor in aligning with my personality. I trade daily with usually 1 day charts because I will already have a mental picture of what has occurred in the past. I use a monthly time frame to guage profitability.

 

For me, 1% / 9% / 90%.

 

For options, I'm a writer. I will hedge those positions with the underlying futures.

I trade intra-day but will hold most options until expiration.

 

I almost don't remember but I think 16 years ago my account was around $10k.

I don't calculate % risk but $ risk. It may be the same in the end, but mentally I am thinking $ not %.