Brief Trading Survey

I wonder if you would all be good enough to assist me on a quick survey I am carrying out

It should not take more than a few minutes and it might be able to provide us with some useful information that then could help us all.

I would like to know from all traders - complete beginners to 10 yrs+ traders - scalpers - short term - intraday - swing - longer term - position traders etc etc etc the following -

1. Your average stop size - ie 10 pips 40 pips or what ever - (approx as you might use s& r's etc) ?

2. Do you use a stop - or if not do you hedge ?

3. Your average trade target - ie 15 -50 pips 75 pips 200+ pips ??

4. Do you use multi targets - ie target 1 - 30 pips say target 2 - 55 pips etc etc?

5. Do use a trailing stop and if so approx size trailing ie 10 pips - 25 pips or more ?

6. How many trades approx per day or per week or month?

7. Do you use more than one strategy and if so how many ?

Anything else you want to add to your answers - no problem.

Ideally I need over 100 replies - 200+ would be fantastic and without 30 replies it will not help.

Thank you for assisting - and i will give you a summary of survey results and how they compare to what many brokers say.

Regards

Peter.

PS - have a great week :-)

5 members like this

Comment by Priyank Nevatia on May 14, 2012 at 10:05am: 1) 25 pips
2) yes

3) 50 pips

4) Yes

5) No

6) 2-5

7) 4-5

Hope the answers help you. I would like to know what the results of your survey are.

Comment by FXWorx on May 14, 2012 at 10:14am: 1. 8pips

2. Both

3. 20 pips

4. Yes

5. Dynamic based on price action

6. 80 per week

7. 3

Comment by Andre on May 14, 2012 at 10:15am: 1.Stop size: position trading long-term (lev 20:1), stopsize 250 pips, target 300-800; med term(lev 50:1) stopsize 100 pips, target 150 -300

2. I allways use stops except for spike trading signals

3. targets intraday :30-70 pips

4.no multi targets: when it's done it's done

5.trailing stops according to sup/res lines ( allways watch W+R possibilities)

6. position trading:3-5 per week; intraday: approx. 20 per day

7. position trading ( multi timeframe stochs + rainbow MA charts - check out Ingot54's blog on pos. trading@ babypips; very insightful); price action intraday; spike trading on fundamentals

Have found daily and weekly pivots great to use, especially round numbers close to them.

allways try to trade the trend on pullbacks

Orders good on round numbers, stops good on uneven numbers. Sounds strange, but it works.

Comment by ccmsp1 on May 14, 2012 at 10:25am: 1. S / R

2. Yes

3. 4hr 20p, daily/w 100p

4. No

5. No

6. min 1/d, but not every day, min 1/w, min 1/m

7. 1 strategy

;)

Comment by Peter jcp on May 14, 2012 at 11:01am: Thanks guys so far. Yes I will supply a summary - hopefully within a week if we can get enough replies in and also show how it compares with what the industry says goes on

The more replys the better and any comments like some have included already - great

Thanks again

Comment by Rajanna Raji on May 14, 2012 at 11:24am: 1.30 pips

2.both

3.40 pips

4. no multi trades

5.no trailing stops. MY broker does not provide it

6.3 to 4 trades per day. 2 position trades per week

7.more than 3 strategy.

Comment by talisman on May 14, 2012 at 12:36pm: hi peter-1.stop size varies with s/r but not more than 100. usually 35-75

             2.never hedge, always stops

             3.trade targets vary, usually 2:1 or more. 75 to 150 pips.

            4.no multi targets, although i am considering experimenting a bit

             5.usually trail at 1R to break even, tighten and trail dynamically close to target

             6. average 2 or 3 trades a week

             7.all price action related, pullbacks with the trend usually and some reversals at significant s/r levels on higher time frames.

              not to many homeruns, not very flashy, but consistantly profitable. drawdowns within my comfort zone.

Comment by D U Eddie on May 14, 2012 at 2:11pm: To be concise and without going for every scenario

1= 30/40 or s/r lvls on strategics

2= Both dependant on scalp/swing/strategic

3= min 30 unless scalp then time takes over.

4= Yes, larger time frames more

5= yes on swings + strategics 15 common fixed

6=p/d avg 5-10 p/w 70/150 at mom lower end.

7 =yes depends on scalp1/swing3/strategics1 long plays

Hope all is well with u pete keep lucky.

Comment by Ricardo Kempff on May 14, 2012 at 2:42pm: 1. Your average stop size - ie 10 pips 40 pips or what ever - (approx as you might use s& r's etc) ?

30 pips, i wish i could use only 25 but the spread is a little high, when i finally change to an stp broker i'll use 25.

2. Do you use a stop - or if not do you hedge ?

No hedge.

3. Your average trade target - ie 15 -50 pips 75 pips 200+ pips ??

I take the profit what the day gives to me, i am looking for BIG moves. that gets trough the whole day. I close my trade half an hour before the rollover.

4. Do you use multi targets - ie target 1 - 30 pips say target 2 - 55 pips etc etc?

I just let my profits run.

5. Do use a trailing stop and if so approx size trailing ie 10 pips - 25 pips or more ?

Yes i use TS, but it is a little complex, i move the stop to the intersection between the trend line and the vertical line place over the two candles before the actual unclosed one.

6. How many trades approx per day or per week or month?

Just one trade per day if the opportunity shows up early, ontrade only wether i win or lose.

7. Do you use more than one strategy and if so how many ?

Just one, daytrading based on price action only combined with trend channels.