A born and bred New Yorker, Hans Dederle’s interest in trading started out as a broker. He spent his evenings studying and researching, eventually falling in love with trading. When the big crash happened in ’07/’08 he lost his job as a broker and trading full time became the natural income replacement.
Hans now mainly day trades Options on Tech firms like Facebook or Google. He also trades Futures.
In the show Hans reveals:
- The central indicator for all his trades
- The educational resource that led to his success
- His trick to controlling emotions
- Why he trades two specific times during a day
Hans,
I find your risk to reward out of wack. It has always been my premise that avoiding loss and protecting profit will yield good results even when one’s win percentage is off. It is much more difficult to replace losses than it is to protect gains. So like the houses you speak of, I work the odds in my favor. In the end it is all about the numbers. I would never trade with these lagging indicators particularly if I were trying to scalp as you do. Using these indicators will put you behind the curve at entry.
“A born and bread New Yorker, Hans Dederle’s interest in trading started out as a broker.”
It should read: “A born and bred New Yorker…”
Haha, well spotted! Thanks Cypherdude. I’m sure many have had a laugh at that over the past 12 months.
You’re welcome. I like to download MP3’s and play them locally on my PC, MP3 player and in my car. Could you tell me what your price structure is for 10 downloads and unlimited downloads?
Thanks.
It’s usually free, but there is a bug with my new player so I need to find out how to fix it. Maybe if you buy me something from the 52 Traders virtual bar I’ll bump it up my priority list 😉