Making my use of stops more methodical and effective

Discussion in 'Risk Management' started by improvingstops, Oct 23, 2009.

  1. Good boy! That's a good doggie!!! Now, bring the stick to daddy!...

    #21     Oct 27, 2009
  2. NoDoji


    Phil, I'm struggling with the same thing as the OP and your comment above encapsulates a (still) major problem for me. My psychology is improving by the day thanks to a lot practice in my sim account. It all comes down to experience, screen time and confidence. And you really do have to draw a firm line in the sand, because earlier this year when I became TOO confident I failed to do that.

    TraderZones, I don't believe I've ever put in a negative comment about a particular person on ET, but you are so incredibly negative and your negative posts suffocate anything of value you offer here, which you do occasionally offer.

    Jack Hershey has provided incredible educational material on ET for anyone willing to put in the time to "grok" it.

    Just because you are unwilling to put in that time is no reason to diss a very valuable contributor to this site.
    #22     Oct 28, 2009
  3. Do you have a track record?
    #23     Oct 28, 2009
  4. #24     Nov 2, 2009
  5. Yes, that's all he can do, and all an entire 2000+ page thread is about. People drawing lines saying where they <i>should have bought.</i>
    #25     Nov 2, 2009
  6. You give Jack Hershey far too much credit. He's an old loon, that happened to find a younger lad to build his system in tradestation only to find it doesn't work in that platform.
    #26     Nov 2, 2009
  7. I vote for fixed stops.... you can always get back in? A discretionary stop WILL get you sooner or later. If the $120 stop looks that much better, simply use it.. and don't look back.. perfection will never happen... Also cap daily loss $$$
    #27     Nov 8, 2009
  8. Not a single person that has studied the "material" has ever provided a proven track record or even proof that they've actually traded the (and I use the word loosely) system.

    They all seem to revel in paper trading but fail when money is on the line, including Jack himself.

    As the old saying goes the proof of the pudding is in the trading.. and these people seem to be starving.
    #28     Nov 8, 2009
  9. iuykcif


    The best way to improve "stops" is not using them, actually. But, instead, finding alternative ways to hedging.

    My <a href="" target="_blank">futures autotrading</a> journal
    #29     Nov 10, 2009
  10. It is amazing how the clueless condemn themselves. But the others already covered above. Hershey lovers dwell in the 13 Darkest Level of Newbie Trader Hades.

    Have you not read the 1,000s of negative posts about the Desperate Guru Wannabe (Hershey)?
    #30     Nov 12, 2009