Best Tips To Avoid Being Stopped Out In Futures?

[volpri]

I see the highly intelligent people who provide value added advice have come out to play, very good. I was thinking about arranging an ET newbie access to the fintech and see if couldn't get them to the same profit level as the 10,000 hour traders here within one month. Then it became clear, there really are better things to do with my time, they're all yours.

well .....ok...

 

[rtw]

Hello. Would anyone mind sharing how they avoid being stopped out in futures trading? It's hard finding a balance on safety for a stop loss that isn't close enough to be stopped out while also not setting your stop loss so far out that you're shooting yourself in the foot. I got eaten alive before in futures when I was trading and lost about $15,000 about a year and a half ago. Not giving up, and trying to plug the leaks that I know were pivotal in my losses before. This was one of my leaks that hurt me quite a bit. Thank you for any feedback in advance.

i would recommend that you just forget about trading futures contracts. the level of leverage is insane and these markets imply far too much risk than what an ordinary retail trader can handle.

as you and several others have mentioned, trading successfully without stops is completely impossible, but trading successfully with stop orders is also almost completely impossible all the same. if you have already tried your hand in the futures markets you are aware of all the numerous deathtraps; from instruments where price goes nowhere for a long time but market makers still find ways to crush all the stop orders by retail traders, to instances where price does initially signal a strong trend but first there are two or three fakes where all retail investors are destroyed before price does make the decisive move it telegraphed previously
(even after years i still almost always fall for these damn fakes). not to mention the obscene manipulation and rigging of markets where the global economy is in a far worse situation now than it ever was before 2007 - 2008 - 2009 but the latest stupid financial bubbles keep getting inflated ever higher (same thing with petroleum as you mentioned; all fundamentals have been very poor for more than a decade but declining petroleum prices would kill the latest stupid financial bubbles and equally importantly the house of saud is completely broke and desperately needs all the price manipulation it can get).

i will indeed share with you some alternatives that make a lot more sense via private message.

 

[TDMA]

well .....ok... View attachment 184439

You couldn't leave it alone could you, so because you have no clue what you are doing your whole premise is to dilute the information from those that do.

Well that took 30seconds to look up, "I worked in a grocery store", you have no advanced education which explains your complete lack of understanding and your general penchant (you'll have to look that word up) to provide irrelevant one liners. It actually now makes more sense why you use graphics and keep it short, you have no skills to write complete sentences.

So here's the thing to everyone else, obviously there are disruptive people who have no clear skill nor ability to provide any value add, and never will because they missed the boat early on with their education taking a different path in life. At what point does someone design a closed site to provide knowledge eliminating the cognitive imbalanced and unskilled people, because obviously the public sites rely on volume of content.

 

[wrbtrader]

Many traders are trying to trade futures with ridiculously small accounts, they try to over compensate for being insanely over leveraged by using ridiculously small stops. HFTs are very well versed in pain levels, where the clustered stops are, the common entry/exit signals non innovative traders use & where they can spike the volatility to capitulate the above mentioned weak hands from their positions, their business is booming.

There used be a lot more traders making large profits, you know crossing that 7 digit zone or getting close to it. Most of them eventually gave it back but at least a lot more traders had been way up at some point. Seems like that has become a rarity in this era. So what changed?

The SEC PDT rule ($25k) is probably the catalyst. The bar to trade futures was lowered at the same time. Than we had HFTs around 2005 that took over the bid-ask spread, yet many newbies want to compete in that 1-2 tick area - good luck with that. What changed is the least capitalized & the least experienced started competing directly against the opposite.

The other side of the problem as discussed in a congressional hearing is the predatorial practices by brokers that saw it as an opportunity to bring in new small traders that couldn't trade stocks because of the SEC PDT rule.

Today, its a key advertisement tool by brokers that frequently announce low capitalization requirements to trade just one contract.
)
Simply, traders with small accounts wanted in and the brokers made sure the doors were wide open with the welcome mat out front. Yet, the past few years...the advertising practices toward small traders has changed dramatically as predicted would occur by many in the industry (e.g. brokers, charting services).

Less discussions today in comparison to 5 - 10 years ago about trading Emini ES, NQ, YM, RTY futures by retail traders although there seems to be a rise in discussions for Eurex/Euronext futures by retail traders in Europe. I started noticing the change in 2008 - 2010 during the global financial fiasco.

Thus, the small account traders are slowly being squeezed out.

wrbtrader

 

[volpri]

You couldn't leave it alone could you, so because you have no clue what you are doing your whole premise is to dilute the information from those that do.

Well that took 30seconds to look up, "I worked in a grocery store", you have no advanced education which explains your complete lack of understanding and your general penchant (you'll have to look that word up) to provide irrelevant one liners. It actually now makes more sense why you use graphics and keep it short, you have no skills to write complete sentences.

So here's the thing to everyone else, obviously there are disruptive people who have no clear skill nor ability to provide any value add, and never will because they missed the boat early on with their education taking a different path in life. At what point does someone design a closed site to provide knowledge eliminating the cognitive imbalanced and unskilled people, because obviously the public sites rely on volume of content.

ROFLMAO..ROFLMAO...what took so long?



Hey buddy when is the sale pitch coming?

 

[yiehom]

Success in trading not quite related to school level, imo.
Lol, remember the bunch phd's and mathematicians/engineers at LTCM ? They almost kaputted the markets with all those diplomas.

You couldn't leave it alone could you, so because you have no clue what you are doing your whole premise is to dilute the information from those that do.

Well that took 30seconds to look up, "I worked in a grocery store", you have no advanced education which explains your complete lack of understanding and your general penchant (you'll have to look that word up) to provide irrelevant one liners. It actually now makes more sense why you use graphics and keep it short, you have no skills to write complete sentences.

So here's the thing to everyone else, obviously there are disruptive people who have no clear skill nor ability to provide any value add, and never will because they missed the boat early on with their education taking a different path in life. At what point does someone design a closed site to provide knowledge eliminating the cognitive imbalanced and unskilled people, because obviously the public sites rely on volume of content.

 

[qxr1011]

Thank you for all of the replies everybody. I think the catastrophic stop would be my best option; then using mental stops for escapes thereafter based on the price action. Just trying to get all my ducks in a row this time before going at it again. I used the catastrophic stop before as well after hitting so many stop outs in the beginning. The problem was when I used mental stops I had the tendency to let it run on the "hope" it righted its course soon enough. It was stupid. I guess the better question would have been how others formulate their mental stop, though that has been touched on with the references to formulating them based on price action, volume, structure, etc.

it should be correctly placed trade and correctly placed stop, and then the stop to be moved at the proper time in according with the development in the market , and then again, and again , and the then profit should be taken

you know that right?

all you just asking is how

in fact you asking for the essences of trading

and expect to get it ?

at the forum?

 

[digitalnomad]

cognitive imbalanced

Cognitive imbalance. I’ll keep that one in mind. Nice way of saying crazy fuck.

 

[stepan7]

...
.... missed the boat early on with their education taking a different path in life.
.... unskilled people, ...

Market is a very good equalizer of education.

 

[adamou]

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