Do you use Trailing stops, hard stops or both?

KCalhoun said:
Big picture on a related note I've been struggling with choppy markets lately, anyone else?
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I've been following your posts to see if I can learn something. (for free of course :sneaky:)

My take is you have a bear bias and that's what you are trading. The question you have to ask yourself is why you are over trading? My guess is you have to trade to keep clients happy.

PS I'm not getting enough info to learn anything new :)
 
KCalhoun said:
Right, good idea to take it easy, will trade exclusively gap runners and 2dh breakouts on small size.

It's a LOT like playing poker, cash hold'em getting rags for hours waiting for something playable imho
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Yep it's just a game with real $$$$'s worryingly and all just best guess!! :)
 
Girija said:
Ken
You have far more experience than me but my trade picks are in your list too except you trade lot more securities. Try removing all inverses from your pick. I suspect that may be offsetting your gains. The current market is unforgiving on inverses. Tqqq swings 6 points these days.
Another idea is not to have stops to exit soon or even hanging on to the bag but add more hoping market will come back in the event it retraced.
Volatility has disengaged from covid news and china trade war news. Need new catalyst for retrace.
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Agree re inverses and low volatility, will try to avoid inverses until VIX gets back over 35.

Markets have 2 headwinds next week, China trade war rhetoric and Friday NFP, I'm thinking markets may sell in anticipation.. should be a volatile week... note midday reversals are common
 
deaddog said:
I've been following your posts to see if I can learn something. (for free of course :sneaky:)

My take is you have a bear bias and that's what you are trading. The question you have to ask yourself is why you are over trading? My guess is you have to trade to keep clients happy.

PS I'm not getting enough info to learn anything new :)
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I'm overtrading bc I still anticipate a market selloff and I've got fomo. Nothing to do with clients, I just want to make big $ if inverses bounce.

Re posts try my free webinars 6 days a week instead, I'm posting from a cell phone which is tough lol
 
Hi, of course, in my live room we focus on daily gap runners and strong momentum breakouts.

Here, a lot of you are smart and experienced so I ask for ideas to help improve where I'm struggling..... I'm grateful for the ideas, it's a journey
 
Back on topic, anyone else combining both hard and trailing stops for daytrading?

Example: buy 100 shares of gap runner, use hard stop on 50 shares just under lod, and 30 cent trailing stop on remaining 50 shares
 
KCalhoun said:
Back on topic, anyone else combining both hard and trailing stops for daytrading?

Example: buy 100 shares of gap runner, use hard stop on 50 shares just under lod, and 30 cent trailing stop on remaining 50 shares
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Can you explain that a little clearer?
Enter at 20. Is the first exit at 19.70 or 19.50?
OR
Enter at 20 first exit at 19.50 then trail to 19.20?

Why 2 exits? FOMO?
 
deaddog said:
Can you explain that a little clearer?
Enter at 20. Is the first exit at 19.70 or 19.50?
OR
Enter at 20 first exit at 19.50 then trail to 19.20?

Why 2 exits? FOMO?
More...

Stock opens at $19.8 I buy 100 shares at $20.3 I put hard stop at just under 19.8 for 50 shares and use 30 cent trailing stop on remaining 50 shares.

Reason is to keep 50 shares alive from lod stop in the money in case trailing stop gets taken out. Also to manage midday reversals...... say it runs up to 21.7 then back to 19.5 later, the trailing stop wins vs hard lod stop.

There's a lot more to it, ask me in a webinar for details
 
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