Wednesday 4 May 2011

Longer Timeframe and Day Trading

Today's video is about how I meet a longer term vision with my day trading timing. It's important to keep the two types of trading separate, but there can be synergies. I trade the trend of the periodicity of the chart that I am using. I'll describe, at a high level, using Market profile to help with the vision and then to determine an entry point.

3 comments:

  1. Very nice!

    Btw, how do you size such a trade?
    You mentionned 3-4% per month, but how many similar trades do you do every month, and how big is each position? Thanks a lot!

    -M

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  2. Many thanks for the video,I suppose if I'm undercapitalized to sell calls,I'll keep buying Puts on rallies, but dislike the decay even when I'm proven correct.

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  3. M, as many trades as I can find. The idea is to take higher risk with smaller percentage of my capital. I am less than 25% invested (margin) and my stops are related to profit potential, as in day trading. Each position is less than 10%.

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