the londonkid report

Discussion in 'Journals' started by londonkid, Feb 17, 2016.

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  1. londonkid

    londonkid

    [​IMG]
     
    #81     Feb 18, 2016
  2. newwurldmn

    newwurldmn

    I don't believe you need a protective stop if you make a call ahead of time. A lot of traders don't use fixed pre-determined stops. If you are losing money on a trade, it doesn't necessarily mean the trade is bad or the thesis is broken. It might mean that it's time to double up. It depends on the strategy and the nature of the call. Given how short dated this call was, I don't think stops were necessary.
     
    #82     Feb 18, 2016
    fortydraws likes this.
  3. Dest throws his knowledge around all over ET, no need buy the cow when you can milk the titties for free
     
    #83     Feb 18, 2016
  4. londonkid

    londonkid

    wise words. I know plenty of traders who don't use stops. Personally I like to put in a 30 tick stop for directional stuff and see how it trades, collapsing when I no longer want the position not just letting the stop get hit. I also don't just bang levels, I watch the action at the level before entering.
     
    #84     Feb 18, 2016
    fortydraws likes this.
  5. romik

    romik

    Back in August 2015 I've observed a trader post a call on ET & though he normally used a stop order, that time he chose not to, moments later ES took a nosedive. If weathering a substantial drawdown is part of the plan, then I can understand doubling up/no definitive stop level, but you gotta agree that most trading futures are on margin and considering the leverage and even an average volatility one can be completely and utterly wiped out in moments.

    So, considering the fact that our wallets dictate necessity for at least a stop out zone, I will assume that 1910 call's stop is 1950.

    BTW not trying to troll, just attempting to bring objectivity.
     
    #85     Feb 18, 2016
  6. londonkid

    londonkid

    when this takes the next leg down watch how the 9.30 NY opening print is hunted down with relentless aggression. see that price owned and dominated.
     
    #86     Feb 18, 2016
  7. londonkid

    londonkid

    great quality entertainment here today guys. :fistbump:
     
    #87     Feb 18, 2016
  8. londonkid

    londonkid

    the opening price will be aggressively hunted and taken down.

    owned9.png
     
    #88     Feb 18, 2016
  9. destriero

    destriero

    I am 100% not f*cking with you. I have a legit question(s).

    1910 cash today, but we're going to aggressively "take down" 1927 en route to 1955 by tomorrow's close? Surf will be running the Fed before that happens.

    So any price is a win from (below) 1910 to a touch of 1955? wtf is this?
     
    #89     Feb 18, 2016
    NoBias likes this.
  10. > small gains in your SHAK call

    Small?... That was one of the all time great ET calls.
     
    #90     Feb 18, 2016
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