Can Market Makers (bots) see your stop in ES/MES?

[ondafringe]

With limit down (or up) moves, the market would never give you a chance to bail out at the price you wanted.

And next thing you know, you have margin calls coming on all sides.

In the past, I think he said he's in a trade for a short period of time; I think 10 minutes or thereabouts. So odds of a limit move happening while he's in a trade are pretty slim. And if the market is that volatile, he probably wouldn't be trading anyway.

 

[Tradex]

In the past, I think he said he's in a trade for a short period of time; I think 10 minutes or thereabouts

Yes his exposure to the market is very limited as far as the holding period is concerned, that's a plus for his trading style.

 

[TimtheEnchanter]

Gentlemen

This is precisely why averaging down as the market moves against my position can be so lucrative and render high win rates. But alas, the gurus have drilled into us “never ever average down” and “only losers average down” ...etc

This said, I still gotta know “when” and “how” to do it. And I still have to have a “give up” point where I just take the loss on an averaged down position.

And I have to have a strategy to get back my loss quickly.

You can do this in a trading range market but not in a trend that is getting away from you.

 

[Tradex]

You can do this in a trading range market but not in a trend that is getting away from you.

Well he can also do it in a trending market, to some extent, when the price is pullback-ing momentarily.

 

[volpri]

Well he can also do it in a trending market, to some extent, when the price is pullback-ing momentarily.

Correcto

 

[volpri]

With limit down (or up) moves, the market would never give you a chance to bail out at the price you wanted.

And next thing you know, you have margin calls coming on all sides.

Well I been trading for a long time. If my recollection serves me right I’ve only had one margin which was promptly settled. Look I am in a trade and in and out often within 5 minutes OR LESS and on occasion maybe 20 or 30 minutes. Rare rare one hour.

 

[Tradex]

Well I been trading for a long time. If my recollection serves me right I’ve only had one margin which was promptly settled. Look I am in a trade and in and out often within 5 minutes OR LESS and on occasion maybe 20 or 30 minutes. Rare rare one hour.

You are a savvy scalper, no doubt.
Keep up the good work!

 

[They]

In support of Volpri's position on averaging-in, here is a screenshot of my ES (averaged-in) scalp system trades for today. Sometimes one position, sometimes two positions, one time three and one time five. Each individual trade does not have a stop but there is a max loss amount that will close all trades and kill the system for the day if reached.

 

[Trader Curt]

All the pros tell us, "Use that stop loss! Use that stop loss!" And they may be right, but why even trade something that has the possibility of going to zero? How much money would you save by having 1 big loss instead of 100 small losses? Institutions and exchanges profit big from stop losses, let that sink in for a minute...

 

[MarkBrown]

there are pro's and mostly con's to every method of trading. you have to find what your pocket book and your mind can accept as terms of compatibility.

i have burned thru more money experimenting than goldman ever had a their peak of asset hoarding. i was glad to give money back to those whom i had taken it from (though most likely it didn't make it back exactly to who i took it from) this is the learning process. if you want to honestly know what is what you have to get comfortable with losing.

larry williams in a book once said you need to get use to betting, go to vegas and just get some experience betting with small chips get use to both winning and losing with real money. until you stop thinking about the money you will never win.