Comment by Peter jcp on May 14, 2012 at 10:52pm

Hi SS - no wonder you may be skeptical - if you dont determine any limits before entering a trade ?

Am I reading you correctly that you dont apply any MM before taking a buy or sell trade ?

In a "dynamic" market I am all for keeping as many options open as possible - with flexibilty to trade with a flow - and drop it when you see a problem - because you can always re- enter - you are then in control - not the market in control of you ?

But to have no oredetermined methods ? seems very unusual and might be reading you wronng - and if so I apologise.

Come on all you other traders please leave some figures - it only takes a few minutes and its only for a survey  - I wont hold you to anything you quote ;-)

Cheers and thanking you in advance

Comment by tbfx on May 15, 2012 at 1:47am

1. 20 pips

2. stops

3. 80-120 pips

4. no

5. no, just follow exit strategy

6. at least 1 p/w on each of the 4 pairs I follow

7. 3 inputs, 1 strategy

Comment by Trev on May 15, 2012 at 4:31am

Hi Peter.

Hope  all is well and here is my submission.

1 - 8 pips

2 - I hedge

3 - Aeverage trade size is probaly 5 - 10 pips 

4 -  No

5 - No

6 10 to 20 trades per day

7 - Generally only one strategy based on  correct entry and not making a loss - hence more trades but less Pips. Advantages - equity is protected and very narrow stops (hedges) - disadvantages - I can miss out on bigger moves - having said that if entry is perfect (oh if only) I will take a small scalp and get way better than my average return.

Hope that helps.......ATB, Trev

Comment by No money on May 15, 2012 at 5:07am

Hi Peter.
1. 15-25
2. i hedge
3.35-70
4.no
5.no
6. 10-20 per day
7. just correct entry
Regards Alexey

Comment by Peter jcp on May 15, 2012 at 9:57am

Thanks guys again - yes half way there atm - please all you other traders just spend a few minutes answering this very brief survey  - no embarassments what ever you put - as generally we all trade hundreds of different ways and of course we would all like to see if we can improve our existing methods. Thanks again

Comment by Sundaram on May 15, 2012 at 10:02am

Hi Peter, you are digging into private matters! :-D. Anyway as a kamikaze trader, I will try to answer your questions.

1. Margin call stops me out. Had one this Monday :-D

2. Stops - refer question no1. Hedge yes at times.

3. I would like unlimited but the bouncy ball does not permit so I take minimum 10 pips and max thus far 100pips per lot, a rare occurrence.

4. Yes I use multi targets based on LRs on incrementing timeframes and on condition if the resistance on prior time frame is breached significantly.

5. Yes, I lock in 30 pips profit and trail the profit with 30 pips increments which never occured...Bahhh.

6.Well, I never really kept record on that. But on a real good scalpy day I could do 35-30 trades. Overall on monthly average, I do 90 trades.

7. My only strategy is scalping based on breach of support and resistance levels on multi time frames.

Comment by Peter jcp on May 15, 2012 at 10:43am

Hi Sun - thank you for sharing - on question 6 - do you mean 5 -30 trades on a really good scalp day ? as if you average say 90 trades per month ( or week?)  then daily average would be 4 -6 trades ?

PS - you have made history so far on this survey - using a margin call for a stop : -)

I reckon you must take after Bruno Iksil at JP Morgan - he must have been your mentor :-))

Comment by pixta on May 15, 2012 at 10:51am

1. average around 100

2. yes

3. average around 400

4. yes

5. no

6. 2-4

7. 2-4

Comment by Sundaram on May 15, 2012 at 12:08pm

Hi Peter, sorry for the mistype, it is 25 - 30 trades. Understand your curiosity on the monthly average. Why the average is low? It is due to, while holding of losing positions, no other trades are committed. At times no new trade for a week. The holding explains margin call :-D

 US margin 50:1 helps a bit I guess. In between, Bruno may have pried on me and copied it :-D

I am severely lacking discipline in money management.

Comment by Peter jcp on May 15, 2012 at 6:54pm

Can't work this out - we have had over 330 reads on this blog - but we still have not had 30 traders post the survey part ;-)

I reckon there's a lot of "traders" having a peek at what everybody else in doing - and then either laughing - or thinking "that many trades - i cannot believe it :-)

Please guys need some more figures - dont be shy - all traders welcome - and i dont mind whether you are stops are 2 pips or 200 pips and similar whether you do 3 trades only a month or 300 trades per week - all these stats will assist us all - because they are from genuine traders not what we are told by brokers or elsewhere

Thanks again

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