Dave Tromp

Bio:
I have been preparing for trading for many years now. I remember telling my wife, that this is something I think I can do. Also, I envisioned myself using programming skills to aid my trading. I tried many online forex brokers, expert advisors for automated trading and finally came to realize that I need not rely on others for my trading. So I have taught myself to program to a level that I currently make a living in IT. I also attended 3 courses on Price Action trading to take my trading to a higher, more professional level. I once had the idea to build fully automated trading systems, but I let go of that idea and now I only trade manually.

Trading style:
I trade manually with only moving averages and price action to inform me of the trend. I use support and resistance and price action to determine entry and exit levels. I mainly trade in the direction of the trend, but not always. I usually trade with daily charts but not always. I plan my trades ahead and I almost always enter using pending orders. I monitor open trades and only exit them manually if price action clearly goes against the trade, otherwise, exits are done by preset take profit or stop loss orders. I believe a trader needs to be flexible. I do not feel a computer can do the trading for me, but I do backtest my strategies using the Python programming language and simple spreadsheets in LibreOffice. Backtesting gives me the confidence to stick to my trades as I learn what the probabilities are of each trade and I know that in the long run, my edge will play out. One of the most essential parts of my trading is proper money management/position sizing and risk-reward ratios. I usually risk no more than 1% of equity per trade and I always aim for a reward at least twice as much as the risk (r/r ratio >= 1:2).

The system in short:
- A manually traded system
- Trading mainly in the direction of the trend, but not always
- Trading usually with the daily charts, but not always
- Using support and resistance and price action to determine entry and exit levels
- Always looking for risk-reward ratios >= 1:2
- Money management: position sizing so every trade risks 1% max of equity
- Take note of news events and major fundamentals

Motto:
Stay flexible, focus on execution, control risks, sleep well

Grafikler ve Fikirler