anyone has problems of over-stay a position
- Thread starter trader198
- Start date
I do not use stop loss. since I just take 10% of my account into a position. that means my stop loss is very wide. if I found I was in a wrong boat, I choose to wait.
for ES, in the big drop to 1481, I bought Es at 1513, that is 32points dawdown. hold to 1545. bought Es at 1539 June, still hold, stop at 1525.
for CL, currently I rarely trade it. it is a very technical market. my stop loss is 2points.
what I found is frequently in and frequently out is too risky. after i get out, it may continue shoot or drop, the trend continues. I often miss chunk of move in the trend. so I choose to stay there. but sometime I overstay, I already see the reversal (intra-day) pattern, I may continue to hold.
recently I start to trade Crude again, found it drop to some buying level. I have the habit to hold, so when crude in the morning, drop to former support, I feel I overstay my position, then I try to get out at pre-market high, wait and wait, almost the whole trading session, at the closing I get out, but it shoots more. kind of feel I did wrong thing, get out too early.
today I get out at 92, late bought back again at 91.8 (limit order, get filled AH), my stop loss is at 90.8. want to ride it overnight. plan toward expiration
for ES, in the big drop to 1481, I bought Es at 1513, that is 32points dawdown. hold to 1545. bought Es at 1539 June, still hold, stop at 1525.
for CL, currently I rarely trade it. it is a very technical market. my stop loss is 2points.
what I found is frequently in and frequently out is too risky. after i get out, it may continue shoot or drop, the trend continues. I often miss chunk of move in the trend. so I choose to stay there. but sometime I overstay, I already see the reversal (intra-day) pattern, I may continue to hold.
recently I start to trade Crude again, found it drop to some buying level. I have the habit to hold, so when crude in the morning, drop to former support, I feel I overstay my position, then I try to get out at pre-market high, wait and wait, almost the whole trading session, at the closing I get out, but it shoots more. kind of feel I did wrong thing, get out too early.
today I get out at 92, late bought back again at 91.8 (limit order, get filled AH), my stop loss is at 90.8. want to ride it overnight. plan toward expiration
