Why Is The Obvious Not So Obvious?

Discussion in 'Risk Management' started by nysestocks, Jan 25, 2009.

  1. True. You never use stops?

    A focus in this thread have been low risk entries and taking small losses, so it's a bit odd that you don't use stops.

    Of course, there's many ways to trade, but that's not the impression I had from the trading style espoused in this thread.

    Personally, my trading improved greatly after I allowed for more inexactitude and used wider stops. Not wide for the sake of it, but wide enough that I'm not stopped out on meaningless countermoves.

    Right now, my conviction to the long side isn't strong enough that I'm interested in taking on a large stop anyway.

    I'm taking a tick here. Might be stopped out on noise, but when the conviction isn't that strong, why bother. :)

    upload_2021-7-6_14-58-37.png
     
    #7661     Jul 6, 2021
    Builder17 likes this.

  2. If you’re willing to accept a 10k drawdown on an account (presumes a larger account), why even trade the micro MES instead of ES? You expect to average in (at worse than initial trade prices), which assumes your initial trade may be wrong/ early (calling a top etc), so why even take the initial trade? Or why not use ES?
     
    #7662     Jul 6, 2021
  3. M4-1

    M4-1

    the mes allows you more flexibility..i can close some if i want..but the main thing is that it is easier on your mind..and making money trading is all about your mind !

    Screenshot_2021-07-06-14-13-27-518_com.tradovate.pulse.png
     
    #7663     Jul 6, 2021
  4. M4-1

    M4-1

    the weighing scales is not looking good for up..unless something happens to give it a sudden push :)
    Screenshot_2021-07-06-14-20-20-996_com.miui.gallery.png
     
    #7664     Jul 6, 2021
  5. M4-1

    M4-1

    time to watch it closely !

    Screenshot_2021-07-06-14-30-29-745_net.metaquotes.metatrader5.png
     
    #7665     Jul 6, 2021
  6. M4-1

    M4-1

    make or break time !!

    Screenshot_2021-07-06-14-35-19-525_net.metaquotes.metatrader5.png
     
    #7666     Jul 6, 2021
  7. M4-1

    M4-1

    i hope LF locked in some profit !
     
    #7667     Jul 6, 2021
  8. M4-1

    M4-1

    second chance !!

    Screenshot_2021-07-06-14-39-29-508_net.metaquotes.metatrader5.png
     
    #7668     Jul 6, 2021
  9. M4-1

    M4-1

    you lucky bastard :)
     
    #7669     Jul 6, 2021
  10. I locked in a tick after that last push higher. No need to marry a trade. :)

    upload_2021-7-6_15-45-13.png

    Well, it's my birthday today. So, I was hoping I was lucky enough to get 4350 before I left the building.

    But 1 tick profit is better than a loss. :)
     
    #7670     Jul 6, 2021