hans-dederleA born and bread 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

Recommended book

Market Wizards, by Jack D. Schwager

Interview Links

Preferred Broker

ThinkorSwim

Key lessons

Day Trading

  • Hans prefers the 5 minute chart as he finds it the most consistent, profitable and easy to read
  • He uses a mixture of RSI, Stochastic Fast and Volume indicators
  • He looks for overbought and oversold conditions and plays the reversals
  • He typically has 80-85% winning trades
  • Hans risks 50% of his equity with each trade and has a target return of 20%
  • If the price keeps trending he puts in a trailing stop
  • Hans takes between 5 and 10 trades per day
  • Hans usually trades from market open to 10:30am because that’s when the most volatility is present
  • He’ll also look to trade the last hour of the day due to volatility during that period

Options Trading

  • Trades last between 1 and 5 minutes
  • Targets 20-25% move on each contract

Futures Trading

  • Trades last between 1 and 30 minutes
  • Targets at least 1 pip per trade

General

  • Think of trading in the same way as Poker. The house always wins and in this case the house is the big financial institutions and banks, so it’s good to try and mimic what they are doing in some way
  • Regarding your education, go against the grain, think outside the box, work out what the market makers do. Google search “secrets of the market makers
  • Absorb as much information as you can and figure out what works for you
  • Keep your strategies simple
  • Know when to walk away

Emotions

  • Keep it abstract, don’t think about how much money you’ll make

Hans Futures Trading Strategy

  • If the stochastic fast (default settings) crosses under the 20 line and price is close to a support line enter a buy
  • If the stochastic fast (default settings) crosses over the 80 line and price is close to a support line enter a sell
  • Stop Loss at 2 pips
  • Profit Target 1-2 pips
  • 5 Minute Chart
  • Trail stop loss if you want to stay with a trend

hans-strategy

Have a question for Hans?

You can reach him on HonzaFinancial.com or on Twitter @hdederle.

Or, leave a comment below… I’ll make sure it gets to him.


HYPOTHETICAL PERFORMANCE RESULTS HAVE MANY INHERENT LIMITATIONS, SOME OF WHICH ARE DESCRIBED BELOW. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN. IN FACT, THERE ARE FREQUENTLY SHARP DIFFERENCES BETWEEN HYPOTHETICAL PERFORMANCE RESULTS AND THE ACTUAL RESULTS SUBSEQUENTLY ACHIEVED BY ANY PARTICULAR TRADING PROGRAM.

ONE OF THE LIMITATIONS OF HYPOTHETICAL PERFORMANCE RESULTS IS THAT THEY ARE GENERALLY PREPARED WITH THE BENEFIT OF HINDSIGHT. IN ADDITION, HYPOTHETICAL TRADING DOES NOT INVOLVE FINANCIAL RISK, AND NO HYPOTHETICAL TRADING RECORD CAN COMPLETELY ACCOUNT FOR THE IMPACT OF FINANCIAL RISK IN ACTUAL TRADING. FOR EXAMPLE, THE ABILITY TO WITHSTAND LOSSES, OR TO ADHERE TO A PARTICULAR TRADING PROGRAM IN SPITE OF TRADING LOSSES, ARE MATERIAL POINTS WHICH CAN ALSO ADVERSELY AFFECT ACTUAL TRADING RESULTS. THERE ARE NUMEROUS OTHER FACTORS RELATED TO THE MARKETS IN GENERAL, OR TO THE IMPLEMENTATION OF ANY SPECIFIC TRADING PROGRAM, WHICH CANNOT BE FULLY ACCOUNTED FOR IN THE PREPARATION OF HYPOTHETICAL PERFORMANCE RESULTS AND ALL OF WHICH CAN ADVERSELY AFFECT ACTUAL TRADING RESULTS.

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Forex, futures and options trading have large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the futures and options markets. Don't trade with money you can't afford to lose. Our website, product contents, and materials are neither a solicitation nor an offer to Buy/Sell futures or options. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on our website or in any materials. The past performance of any trading system or methodology is not necessarily indicative of future results. Substantial risk is involved. Forex trading has large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the Forex markets.

Don't trade with money you can't afford to lose. Nothing in our course or any materials or website(s) shall be deemed a solicitation or an offer to Buy/sell futures and/or options. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on our site. Also, the past performance of any trading methodology is not necessarily indicative of futures results. Trading involves high risks and you can lose a lot of money.

CFTC RULE 4.41 – HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.