Doesn't that take "let your winners run" out of the equation?
How does one effectively "trail stops"?
- Thread starter BartSimpson
- Start date
That's what a trailing stop is trying to solve.
Could be a simple 20 days moving average: If close < 20SMA then Sell.
Not everyone has the imagination nor the balls necessary to envisage an unlimited upside.
You don't ... But it doesn't mean that some trader out there aren't exploiting this hypothesis.
It's a thread about trailing stops and if you don't use one then good for you but we don't care.
Bucket Shops used to limit upside (Profit potential) to their customers when the market went crazy.
Doesn't ring a bell ?
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No, the bell don't chime for me,
If you are looking for an excuse to let your profits run, well look for Bob. (Lovely guy)
Once my position trade has played out , i am looking for my next set up .
that may sound like a Cliché.
THE THING IS ,
Do you have a proven strategy or do you not?
or do you them profits run ??
Well do you feel lucky?
If you are looking for an excuse to let your profits run, well look for Bob. (Lovely guy)
Once my position trade has played out , i am looking for my next set up .
that may sound like a Cliché.
THE THING IS ,
Do you have a proven strategy or do you not?
or do you them profits run ??
Well do you feel lucky?
I have both!!
My strategy is to buy stocks that are rising in price and hold them until they stop rising in price.
I have no idea when or where they will stop rising in price so I wait until the trend changes then sell.
I cut losses quickly.
As your trading stocks you maybe trading on a higher time frame and that may facilitate trailing stops more efficiently.
But I am trading on a low time frame, only trade the eurusd with a tight SL-TP so because i don't trade in the larger trend, trailing stops is difficult.
I have in the past i tried many strategy's to capture the ongoing trend after my TP was hit
But so many times it hit my Take profit target and then reversed.
So i left it..
That's correct. I swing/position trade stocks. I hold from days to months if the position continues in my favor.
I never get out at the high and usually leave some money on the table. Every so often I'll sell into strength if there is a parabolic move but rarely the whole position.
I make the majority of my money on a few trades that have good moves.
Having initial tight stops keeps my drawdown minimal.
Gotta do what works for you!!