Hans Dedrie on Trading the Open and Obsession About Trade Quality
Hans Dederle is the founder and president of Honza Financial, a Florida options trading asset management firm.
Hans was originally an accountant, before starting out as a stockbroker. He started out by trading independently and now also trades for others money.
He’s been in the business for just over 8 years now. One of the reasons he’s been so successful is that Hans has a laser focus on quality over quantity. As a day trader He averages between 1-3 trades per day as a day trader. From that he’s usually in and out of each session within the first couple hours.
He also talks about making money as not your primary objective, and using another goal to consistently make good trades that aligns with your strategy.
What’s Covered in This interview:
- Hans’s journey from being an accountant to becoming a stockbroker, to now trading other people’s money.
- Why Hans lost two accounts early on, which he blamed it on emotions and stupidity which included averaging down, chasing losses and going away from his strategy.
- How he got into trading other people’s money and grew from just trading for family and friends.
- Hans’ insights into how he trades the open in high volatility stocks, including why he works towards a limited number of quality trades during each session.
- What happened to Hans when he trader larger amounts of capital, and why he’s more focused on ‘the trade’.
- How Hans works in factors such as volatility, spreads, the impact of volume, market makers and specialists into his strategy, and the impact they can have on day traders.
- A reminder into what day trading is all about, which is lots of trial and error to find something that clicks, and failing your way to success.
Links and Resources:
- HonzaFinancial.com – Learn about Hans and his asset management firm on his website.
- @HDederle – Follow Hans on Twitter.
- @HonzaOptions –Follow Hans on Instagram.
