FAQ

Stocks
Q: What are you typically trading?
A: I trade stocks exclusively. When fully invested I typically own 5 – 8 stocks.

Broker
Q: I can’t trade specific stocks with my broker. What should I do?
A: Don’t let your broker limit your chances of trading success. Open an account with a broker that gives you all the flexibility you need. I use Interactive Brokers.

Holding Period
Q: What is your average holding period?
A: I try to pick stocks I am willing to hold for at least a few weeks. If I still see potential I hold for a few months.

Stop Loss
Q: What kind of stop loss do you use?
A: I use both hard stop losses and mental stop losses.

Profit Target
Q: Do you set profit targets? When do you exit a trade and take profits?
A: My goal is to hold on to my winners as long as I possibly can. Hence I don’t set profit targets. I avoid trying to pick tops and sell stocks after a reaction if there is no rally.

Indicators
Q: What kind of indicators do you use?
A: I don’t use indicators. I stick to price, time and volume. I also use moving averages.