and what is your horizon, mandatory liquidity,etc. tape reader, chartist.....etc. fav plays: AAPL, NVDA, NTRI, SWN, STLD my horizon for day trades is less than 10 minutes usually, so 10 min. is my time stop i use aapl and nvda because of their volitility and liquidity, swn because if it's having a good day, you can ride it for a while, and ntri and stld because of their wild swings. i like to stay w/ stocks w/ over 1mm shares daily, but i don't stick to it all the time (i.e.: ntri) i enter trades based on tape and hold and sell based on tape and chart oh, and I guess this is important: i'm profitable only about 50% (or less) of my trades - see results on trader PnL board i hope this will be useful to others
Well i like to trade qqqq aapl intc dell all depends on the market and the time the high,s and the low,s
i have a time stop because if what I'm in isn't moving, something else is this way, i can get out what I'm in and go lose money faster in something else
what if it is still moving time stop sounds weird....you should exit if it stopped moving. not wait for a time period to elapse. RT
there are a lot of systems that use time stops. The logic behind is: if the trade is not going in your favour after n bars/time, statistics show, it likely will go against you . You can test that with an adequate piece of software.
well, if you look at my PnL, I'm obviously not getting something! If something is moving in the correct direction (which is rare), I'll hang on until the tape says otherwise.