Does anyone trade the eminis ES,YM etc. without a 'stop'.yea that takes guts I know..

If you answer me what the point of your thread(s) is I will give you an honest answer? Really inquiring minds what to know :p
 
Gracious!

Quote from increasenow:

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?
More...
 
Quote from smilingsynic:

An exit strategy that does NOT employ stops (either to protect against loss or to proressively lock in profits as position goes in favor) is almost certainly going to be an inferior one.

Limit orders will cap gains and sometimes increase the size of losses as the position gets away, and other times just sit there as the market moves away, the limit order having been one tick away from being filled.
More...
I think you misunderstood what he was saying.
 
I guess the problem with mental stop especially in the case of eminis may be that some news hits the wire and market takes off (or down) and you are on the other side.

So I dont know if it is a good idea to trade them without a hard stop.
 
just to let you know...I have never, ever used a stop...only 'mental' ones...I do not enter trades where I believe I will have to endure a huge drawdown...example..all my YM trades today were 'almost' 2 minutes or less!!!...real trading and not sim...
 
I will never trade without predefined hard stop loss. Mental stop as the name indicates varies upon the one's mood/emotions on that particular minute.

One big loss will wipe out all the previous small profits.

Just my opinion.
 
I agree to ganes
To put a hard stop or a mental stop
The hard stop u can always change accourding to your trading but the mental stop u cant like today the YM just taked and i was not able to stop it falling (by getting out as soon as possible re-thinking ) but if i had a hard stop the stop should have removed all the douts ( its coming back wait a few more minutes etc
 
Quote from ksonsinc:

I agree to ganes
To put a hard stop or a mental stop
The hard stop u can always change accourding to your trading but the mental stop u cant like today the YM just taked and i was not able to stop it falling (by getting out as soon as possible re-thinking ) but if i had a hard stop the stop should have removed all the douts ( its coming back wait a few more minutes etc
More...
how many YM points is your hard stop?
 
Well now that I think about it the gap play setup that LBR, Carter, and Alex have accounts for are daily trades that do not use stops. Well they usually happen almost every day but if there is no gap to speak of then there is no trade that day.

Cajun

Quote from increasenow:

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?
More...
 
You must log in or register to reply here.
Back
Top