Recent content by tobecont

I'm interested to hear your trading/risk managemnt rules. I'll start with a few of mine over the years: 1. Each new position has to have a defined stop and a target before it is taken 2. Max risk per security is x% of capital (capital excludes open p&l) 3. Maximum number of trades is x per y 4...

Sorry again for the delay in responding. The return of volatility across markets has been keeping me busy and I've had a few personal commitments on top so only just getting round to catching up with this thread. Kingpush- I can't improve on timsk answer so suggest you go with that. Only thing...

Hi Swissy, Sorry for the delay. Without going in to full details, the core principles of my entry risk approach are: - Defined risk at entry, I typically risk up to 1%, normally 0.5% of capital - All trades have live stop order at time of entry - Maximum 3 attempts (2% of capital) at any one...

Treasury Management Bank (and some corporate) treasury departments also hire traders to manage the company's capital. The mandate here varies massively with the majority of corporates just hedging real FX risks for the core business and investing cash surplus in money market instruments such as...

sorry, was a pretty hectic week last week with the move in rates markets. Haven't had a chance to develop the prior post until now. Let's start with banks. If you're a trader in a bank these days you're likely a market maker. There are a few prop desks within banks, particularly smaller...

thanks for the interest. I think it's definitely a topic worthy of some further detail. A professional is someone that gets paid to do something. A professional trader is paid to trade markets. That payment can be purely salary (rare), salary and bonus (almost all reputable, legit firms)...

Would you guys like a more detailed breakdown of the various types of professional traders or does the above answer your questions?

Sorry, i was replying on my phone earlier. Let me type out properly: Central Banks Hedge Funds Asset Managers aka Real money Liability driven investors High net worth individuals Family Offices If you need further clarity, google has plenty of info or feel free to ask specifics here and I'll...

Do i know the type of trader I target? We dont target individual traders. We target clients: CBs, HFs, AMs, LDI, Banks, HNW individuals, FOs. Do I know the personality of my clients? I met most of them and some I have an understanding of their trading. Have I answered the question? Still not...

Sorry not sure I understand? Target in what sense?

BTW, question for the scalpers/intraday guys: How do you deal with slippage? I read a lot about 5-10pip stops, risking 0.2-2% of capital per trade. It's not uncommon for G10 FX to gap 20-30 pips. It doesn't take much to make a nice dent in the account with a bit of slippage on your stops...

There's no right answer to stops. Of all the traders I know, each has a slightly different approach to stops/trade exit. Again, i'm not familiar with any scalping traders/approaches so I cant speak for those but for swing style trading, it certainly makes sense to trail stops as trades go...

To make money...! The objective is to capture bid/offer spread. Of course the line between market making and proprietary risk taking is blurred.

That's a point and figure chart. Lots on Google about those. I have traded otc vol in the past as a market maker but pa I only trade linear. I trade both single name and index products across asset classes.

Tks Oscar. I'm fortunate that I go to a place of work with people doing a wide range of (related) jobs and so there's definitely structure to my day. The markets have a natural ebb and flow and having worked across the 3 major centres (APAC, Europe, US) you can optimise your day by working...