EP 046: Trading the open, hunting greed in the market & obsessing about quality over quantity w/ Hans Dederle

Aaron Fifield Podcast Leave a Comment

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This week I interviewed Hans Dederle, the founder and president of Honza Financial – an options trading asset management firm (located in Florida).

Hans originally started out as an accountant, before becoming a stock broker, following that he began to trade independently and now, trades other peoples money as well.

He’s been doing this for just over 8 years now, and one of the things I really liked that come about during our discussion, was how Hans has a laser focus on quality over quantity. As a day trader he averages between 1-3 trades per day, which he’s usually in and out of within the first couple hours of each session.

Which then lead into the topic of making money as a secondary objective, and having a primary objective to consistently make good trades, inline with your strategy. There’s a bunch of great takeaways over the next 45 minutes… enjoy!

“Focus on the quality of trades, not the quantity.”

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Lessons learnt in this interview:

  • Hans shares his journey from starting out as an accountant, then going on to become a stock broker, to independent trader, and now trading other peoples money.
  • Why chasing losses, averaging down, and veering from his strategy caused Hans to lose two accounts early on – he sums it up with “emotions and stupidity”.
  • How the opportunity of managing other peoples money came about, and how it’s expanded from close family and friends to outside investors.
  • The positive effect Hans experienced when trading larger amounts of capital, and how he became more focused on ‘the trade’ rather than monetary gains.
  • Hans gives insight to his way of trading the open in high volatility stocks, and why he aims for a limited number of quality trades each session.
  • The impact of volume, volatility, spreads, market makers and specialists have on day traders, and how Hans works these factors into his strategy.
  • A reminder that day trading requires plenty of trial and error until you find something that clicks, and you will fail your way to success.
  • Plus, much more…

Links and resources mentioned:

  • HonzaFinancial.com – To learn more about Hans and his asset management firm, you can visit his website here.
  • @HDederle – Be sure to follow Hans on Twitter, for pics from his travels, PnL screenshots (and the occasional selfie, ha).
  • @HonzaOptions – Hans is also an active user on Instagram.

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