Guys it's fine to have a stop-loss in place somewhere just as a protection. But if you use stop-losses as a way to actually exit your trades on a regular basis for sure you're a losing trader. It just doesn't work...but lots of pussies need those fixed stops because they're well...pussies
.................................................................... I recall a thread concerning the application of stops. The posts fell into two groups ... pussies and heroes. Pussies enter mechanical stops and heroes use mental stops. Our OP is a hero, no doubt about it. And all the more so because he is short and the Fed is long. Perhaps he will get a spike down and cover and then again perhaps price will advance further after a brief retreat following the rth open, leaving his mental stop untouched. Then again perhaps he will limit the damage and cover with a MO around 27.25 only to watch price tumble to 1200 or beyond. ................................................................ I put all my efforts into avoiding FUBARs. Curiously, if we split a sheet of paper into two columns headed ... ....things we know ... things we don't know then STOP placement would be one of the very first entries into the first column. Starting from the STOP placement and adding/subtracting the risk, we come to the entry point ... so now we have risk contained within acceptable limits after slippage. Heroes, I imagine are so self absorbed with the entry and the possible profit that they overlook the risk, which ironically is the one element over which they have reasonable control. .............................................................................. Here are my two posts regarding stops, if you would care to read them CAREFULLY you will see where I stand on stops. Please bear in mind that I have no interest in convincing readers of anything. These are just some of my thoughts on the matter.
How many of you morons are even trading futures? Most DOM's don't show your commissions in PNL. You donkey's. That comes in the paper statement emailed at night. You see GROSS on your DOM screen, gross. Which is what I see. Whether it's simulated or not I have no clue but that is NOT how you tell. Donkey's.
Numbnut. The DOM is off by a hair under $10 on the average. Do yourself a favor and calculate it by a penny either way and you'll see that the math doesn't work unless it's demo. kill urself.
You ever bought multiple contracts at once or at different prices goof ball. I doubt it. You think you get filled at the same price?? Some fill at .25, some maybe at .50, so you land what is called an average you donkey. His average may be ROUGHLY that amount but it won't be that total exactly. Learn to trade. Obvious who hasn't traded before or is someone who Once Did....