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As far as I know, stop losses on stocks can only trigger during regular trading hours. If the market opened with price at your stop loss level, then it could trigger, but not during extended hours. Is this something that's dependent on the broker? I'd like to know, because I still swing trade...

I always do bar-by-bar with the chart scrolled to the hard right edge of where I'm starting. If you need more challenge because you remember everything that happened, run back to the overnight session and it will be all new. I also sit with my eyes closed and visualize myself seeing my best...

Congrats to you proud parents/soon-to-be grandparents! I keep the account at $50K by transferring out the profits. I've not only thought about adding scalps, I've been sim trading a bit during the doldrums to see if I can come up with a comfortable and profitable scalping method to use...

I'll address both these posts at once. I try to keep my minimum R:R on a trade at 1:2. If I put on a with-trend trade, I expect at least $300 per contract profit and my max loss is $150. On a counter-trend trade, I expect a minimum $200 per contract profit and the vast majority of those trades...

I was going to reply to that one, but held off. That line stood out for me, too, and I wondered about the statistic, whether it came from trading a sim account, from back testing, or from "watching" and "paper trading". If it didn't come from actual live trading of a sim account, then the 90% is...

No.

I'm curious to hear some valid reasons for being flexible with a stop loss (by "flexible" I mean either moving a hard stop farther away or allowing price to run beyond a mental stop). I use a hard stop on every trade, and I only move it in my favor, never further away. The hard stop is the...

Because I trade for a living I need to lock in a minimum profit of $300/day just to cover monthly expenses. I want capture the "meat" of intraday swings in CL, building up profit throughout the session. If I'm looking at an unrealized gain of 30-, 40-, or 50- ticks and hold through the retrace...

Normally I place my stops outside the overnight high/low a long time in advance, but if I leave my desk I take them off. On the overnight low of 81.31, I didn't have a sell stop in advance. But when I saw price coming back in to test that level I threw in a sell stop 17 seconds before the...

I could've written this almost verbatim when I took my last (and hopefully very last) large loss. I'd been on roll with an 80%+ win rate and had a chance to exit a position that retraced from a $2000 loss to a mere $500 loss, yet I held on for a $6500 loss instead because the further it ran...

This one's going on the wall, right under, "Trade what you see, not what you think." :cool:

This anticipatory method of trading can definitely get you a better entry price. I never trade this way, but I see trend lines/channel lines, 20 EMA, and previous S/R levels that hold beautifully to the tick and the traders working this style get amazing entries at pivot points. The other upside...

You were looking for a test of the low and it made sense to give it a chance. It found support to the tick of the lower channel line, that line we drew after-the-fact trying to figure out why the heck it found support @ 81.45 when the Law of Lows That Must Be Tested was supposed to be in play :p...

Dear Grizzled Old Veteran: How is it that I can have periods of trading in which I do not think at all, followed by longer periods of trading where thoughts are literally crawling through my brain in droves telling me why certain trade setups are somehow better than others? Sincerely...

Did everyone take this trade?? I was long the R break @ 81.34 looking for a break of 81.38 to carry through to the next resistance. I was full of hope for .84 but out @ .67.

I use buy/sell stops as you described. I place them far in advance to avoid major slippage. By placing them far in advance even the most powerful breakout results in little or no slippage. I made the mistake of placing a sell stop at the last minute once because I wasn't focused on my trading...

I'd like to add to my previous reply about this. On the long position that I reversed to, I placed a double sell stop at 81.87 and would've been right back short again if the long had no follow through. Had that happened, price would very likely have continued down and my total loss between the...

Because I did this pure price action analysis last night and proved to myself that this kind of SAR works really well and offers that little buffer of potential gain as price retests the pivot high, especially when there is a total lack of downside momentum off such a strong with-trend short...

Thanks, but the way I see it is, price action trading works and the only magic to it all is learning to trust profit targets, allowing the market to give you more if it's willing and being able to shift gears quickly when a setup is invalidated and a new signal appears. I have many trading...

I've come to realize that these are as good as standard high/low breakouts if not better. My opening trade today was a similar setup, a "perfect" short setup that turned into a 2-tick failed bar breakout (yes, I almost sold the low tick), and I prepared in advance to take the loss and reverse...