Trading with a Stop Loss in the Futures Market is for Losers

Discussion in 'Risk Management' started by emg, Jun 20, 2011.

  1. 30 sec zoomed out. 1 min PA was much better at the level. Was almost screaming at me that I was correct. (I go from 30 sec/1 min to the next higher TF)
     
    #151     Jun 27, 2011
  2. Here's the 1 min PA screaming up.
     
    #152     Jun 27, 2011
  3. Here's a work in progress. 3 pip stop. ***AT S/R**** I'm short ABOVE S/R with only a 3 pip stop and PA screaming up?
     
    #153     Jun 27, 2011
  4. TA fails............ A 3 pip stop ABOVE S/R with PA screaming up most would consider this a gamble. I'll give you a hint. Something else failed before S/R even did.
     
    #154     Jun 27, 2011
  5. I forgot. Since this is ET 3 trades in a row are going to get flagged.

    Here's the list of orders. Assorted by TIME. Last trade at the top is the short which was closed @ B/E. Tried to hold it for a runner.

    All using 4 pip stops (or less).
     
    #155     Jun 27, 2011
  6. Are you referring to compounding then? Compounding signals with a trend? Or are you RTM + compounding?

    If you have liquidity concerns then there's absolutely no way you're going to use a fixed stop. Is that what you're referring to?
     
    #156     Jun 28, 2011
  7. cornix

    cornix

    As for quants, history proves, that, unfortunately they often control risk only to a certain degree and are almost naked and unprotected in the face of 4 sigma events. I witnessed such sad cases personally in 2008/9 and those quants were smart, extremely smart, way smarter than I am. :)
     
    #157     Jun 28, 2011
  8. cornix

    cornix

    Yup. Probably rip-offs do happen somewhere sometimes, but my personal experience does not confirm the theory that they are any significant factor for a trader's success/failure.

    If you can trade, you will notice rip-offs very quickly and simply change the broker. And if you can't being or not ripped off doesn't matter anyway.
     
    #158     Jun 28, 2011
  9. cornix

    cornix

    Ditto. I cherry pick them all too.

    Because quality entries do matter! :D
     
    #159     Jun 28, 2011
  10. Yup. Surprisingly the only broker i've noticed questionable trades occur is Interactive Brokers.

    I've ranted about it on here, but when i'm using 4-5 pip stops on Oanda, it's 4-5 pip stops. However, at IB one of my biggest pet peeves is that 4-5 pips turns into 6-7. Whatever their setup is it needs to be fixed or get rid of their commission structure. I tried stop limits and they get run. :confused: Considering the liquidity they're supposed to have it's frustrating.
     
    #160     Jun 28, 2011