Stop-loss: Trail or not?

Yes and No. Yes I do cut the losers and also add to the winners and also repeat them as the trend progresses. (no trend, no trade)

But No, in the sense that if I could only see a 50:50 opportunity based on historic performance of a chart feature, I wouldn't enter in the first place.

 

Morning bone and thank you,

I appreciate the comments. Very logical and I like the thought of high probability/percentage trades.

I agree, I only look for 1-2 intraday trades per day. Trades are only high probability with trend.

Would you say trading reversals are high percentage trades?

 

I will trade any market circumstance provided that my indicator package and rules conditions are satisfied.

 

try trading multiples of 2 or more if possible, taking quicker profit on first unit and allowing the second part a chance to be a larger winner. Of course depends on logic, backtesting and much more.

 

Good advice,

What is your opinion or advice on if the trader has not advanced yet to 2 contracts, and still stuck on trading 1 contract?

I would like to do the 2 contracts (1 off at fixed target and trail the other), but still trying to get profitable with 1.

 

micros?

 

Going from one contract to two is the most difficult sizing change in trading. I tell my clients to build account equity up to the point where personal comfort accommodates the bump. Going from 2 to 3 is not nearly so difficult.

 

Thanks bone,

For me, trading one contract is very challenging.

Why is going from one contract to 2 contract so difficult from your experience?

Thanks

 

1 to 2 is tough because it's the only time you are compelled to double down.

2 to 3, 3 to 4, 4 to 5, get's easier and easier.

Churning out 500 ticks with 1 ES, then doubling down and hitting a statistically expected 100+ tick losing streak right off the bat with 2 ES, can be a demoralizing experience.

 

OP, I have two methods. One has fixed stops and targets and the other utilizes a clearly defined trailing exit.

Both do well over the long run, but some periods the fixed stop/target outperforms, and other times the trailing method outperforms. I would be ok running either method alone, and I favor the fixed stop/target. But I can also halve up size into each and run both methods concurrently. This smooths out the overall results a bit, but it's more work and takes more focus to execute.