Bracket orders made the difference

Jdesey · Jun 10, 2017

First off I'm so glad I found this form. I have nobody to talk toabout trading. Even my friends that think their experienced inestors can't understand a short!

Please. Send your resume and I will call you on Monday

This type of execution they not be for everybody but I hope it helps. Good trading to you

comagnum · Jun 10, 2017

I really like bracket orders as well along with chart trading where you can see the brackets on the chart with the profit target & stop in $.

Overnight · Jun 10, 2017

Jdesey said:
First off I'm so glad I found this form. I have nobody to talk toabout trading. Even my friends that think their experienced inestors can't understand a short!

Please. Send your resume and I will call you on Monday

This type of execution they not be for everybody but I hope it helps. Good trading to you

Brackets are not for the timid, especially in the major futures. Good luck to you.

jsmacksem · Jun 11, 2017

Overnight said:
Brackets are not for the timid, especially in the major futures. Good luck to you.

Can you elaborate?

When we say brackets, are we referring to bracket entries---meaning there is a sell and a buy in the market at the same time--or bracket management--there is an OCO after entry that provides a hard stop and a target?

I use the latter For all trades as a swing trader because I'm not in front of screen all day.

Jdesey · Jun 11, 2017

jsmacksem said:
Can you elaborate?

When we say brackets, are we referring to bracket entries---meaning there is a sell and a buy in the market at the same time--or bracket management--there is an OCO after entry that provides a hard stop and a target?

I use the latter For all trades as a swing trader because I'm not in front of screen all day.

I mean the second example you gave. So there's automatically two orders after my entry. One for profit and one for stop. And yes once executed one cancels the other

algofy · Jun 11, 2017

I'm not sure I get this thread.

Jdesey · Jun 11, 2017

algofy said:
I'm not sure I get this thread.

It's simple. Just explained how OCO limit orders changed it all fir me.

Overnight · Jun 12, 2017

jsmacksem said:
Can you elaborate?

When we say brackets, are we referring to bracket entries...

It is like a wiser trader than I once said..."It is an order-entry solution." But it does not proscribe a solution for the exit.

Jdesey · Jun 12, 2017

no actually it does. This was one of my biggest mistakes of the past.... a failure to take a profit and exit. This type of order gives me an automatic exit at a predetermined price. When the VIX is 12 or less I do 3 points on the exit, I always use 2 points on the stop. This is what works for me.