Does anyone trade the eminis ES,YM etc. without a 'stop'...yea that takes guts I know...do all of you use a 1,2,3 point stop etc. or does anyone trade them without a stop of any kind?
Does anyone trade the eminis ES,YM etc. without a 'stop'.yea that takes guts I know..
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I see no correlation between my age and this question...please stick to the question...thanks
Yes I have traded the ES frequently without a stop but was perched at my desk with an exit order queued up and my finger on the mouse button -- dangerous way to trade, I know. However, in recent weeks I've begun using firm stops and also trailing stops during scalping sessions because it's gotten rather exciting---er, volatile. 
Of course, where you or me or anyone places their stops, obviously, depends on their level of risk and particular trading strategy for a given trade. When scalping a big move I'll do a 2 point TS but even then that stops me too quickly, and I'm thinking of making it a bit broader to try and avoid those 2-3 point bumps before the ES resumes my intended trend.
That said, when I did trade the ES (my primary e-mini) naked I gave myself a mental stop and a firm fixed stop. The mental was 2 points and the firm fixed was 3. And when I briefly traded the ER2 I -never- went in without a stop, because at times it moved too quickly for my tastes.
Of course, where you or me or anyone places their stops, obviously, depends on their level of risk and particular trading strategy for a given trade. When scalping a big move I'll do a 2 point TS but even then that stops me too quickly, and I'm thinking of making it a bit broader to try and avoid those 2-3 point bumps before the ES resumes my intended trend.That said, when I did trade the ES (my primary e-mini) naked I gave myself a mental stop and a firm fixed stop. The mental was 2 points and the firm fixed was 3. And when I briefly traded the ER2 I -never- went in without a stop, because at times it moved too quickly for my tastes.
Sir...this is constructive...why is this question bad?...cannot a person ask any type of question?..by the way, I love Sydney!
perfect...great post...when you traded the ES with no stops, what was some of your max draw downs at times?...I.E....2,4,6 points in the hole etc?...thanks...you hit right on the head what I was after...thanks!Quote from rickf:
Yes I have traded the ES frequently without a stop but was perched at my desk with an exit order queued up and my finger on the mouse button -- dangerous way to trade, I know. However, in recent weeks I've begun using firm stops and also trailing stops during scalping sessions because it's gotten rather exciting---er, volatile.
That said, when I did trade the ES (my primary e-mini) naked I gave myself a mental stop and a firm fixed stop. The mental was 2 points and the firm fixed was 3. And when I briefly traded the ER2 I -never- went in without a stop, because at times it moved too quickly for my tastes.
when using stops...have you ever had a stop 'blown through'...?