One trader's two-year trading and life journal designed to motivate and encourage others
Saturday, June 13, 2009
The Weekend Trader - Grace In Shop
I'll post the video later this weekend as Grace is in the shop this morning, and so I have to stick around the Boston area today longer than I expected.
Would you mind referring me to the given post(s) that explains your trading strategy? Since I'm new to your blog, I'm just getting a bit familiar with your trading style.
If I'm correct, it seems that you are a high frequency scalper, fading support & resistance in the e-mini s&p... Is that right? I guess you rely on EMA & morning news to determine your trading entry & direction?
how do you feel about sharing your trading strategy with others? i've been made to believe taht if you do, you might lose the edge somehow. enlighten me please.
In terms of strategy, there's absolutely no secret, and no, I'd not lose the edge as I trade the most liquid vechicle on the planet (laughing).
It's a mental sport ... period. Wholesale, retail, wholesale, retail over and over again using extremely simple indicators in any decent trading technical analysis book, combined with a deade of market feel.
Do you tend to increase your lot size as you progress throughout the day, regardless of a winning streak or losing streak for the day (for example, the 1st trade = 10 lots; the 2nd trade = 20 lots; the 3rd trade = 30 lots; the 4th tradde = 50 lots; etc.)??
No. I tend to increase size when I feel probability is highest or when the market and I are in strong rhythm, as was the case last fall when I pressed the accelerator given ideal conditions.
Don is an intraday S&P E-Mini Trader and Member of the CME who has educated traders and advocated for industry transparency since 1999. Long-term performance of his privately traded fund ranks among the industry's best at over +800% from its 2004 inception to 2010. His 2008 performance of +214% +$1.6 Million bested the industry's top CTAs.
Education -"The process by which society deliberately transmits its accumulated knowledge, skills and values from one generation to another."- Wikipedia
6 comments:
Hi Don,
Would you mind referring me to the given post(s) that explains your trading strategy? Since I'm new to your blog, I'm just getting a bit familiar with your trading style.
If I'm correct, it seems that you are a high frequency scalper, fading support & resistance in the e-mini s&p... Is that right? I guess you rely on EMA & morning news to determine your trading entry & direction?
thanks,
Walter
hey don
how do you feel about sharing your trading strategy with others? i've been made to believe taht if you do, you might lose the edge somehow. enlighten me please.
In terms of strategy, there's absolutely no secret, and no, I'd not lose the edge as I trade the most liquid vechicle on the planet (laughing).
It's a mental sport ... period. Wholesale, retail, wholesale, retail over and over again using extremely simple indicators in any decent trading technical analysis book, combined with a deade of market feel.
Don
Hi Don,
Do you tend to increase your lot size as you progress throughout the day, regardless of a winning streak or losing streak for the day (for example, the 1st trade = 10 lots; the 2nd trade = 20 lots; the 3rd trade = 30 lots; the 4th tradde = 50 lots; etc.)??
Thanks,
Walter
Walter -
No. I tend to increase size when I feel probability is highest or when the market and I are in strong rhythm, as was the case last fall when I pressed the accelerator given ideal conditions.
Don
"combined with a decade of market feel"
The all important part of your strategy for which there are no shortcuts ;)
Don, do you have a long/short bias before the trading day begins? I notice you tend to buy a lot on the dip these days. Why is that?
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