How does one effectively "trail stops"?
- Thread starter BartSimpson
- Start date
I did Wouldn't you consider the ten day low a trailing stop?
Everyone believes what they want to believe, if that's how you want to interpret it go ahead and place real money trades, the reference however was not about trailing stops nor highs and lows in a different era without HFT and with less rampant market manipulation such as QE, seriously educating the stupid is easier than public forums 
Everyone believes what they want to believe, if that's how you want to interpret it go ahead and place real money trades, the reference however was not about trailing stops nor highs and lows in a different era without HFT and with less rampant market manipulation such as QE, seriously educating the stupid is easier than public forums
What makes you think that you’re the smart one and other people on this forum are stupid?
With all due respect, you might be very good at programming algos and/or mechanical system, but you seem to have zero knowledge about trading logic and how the markets work.
Market manipulation is a not the problem, neither is HFT when it comes to trailing stops. Yes, markets change all the time, and traders need adapt.
Nothing works 100%, but anyone who’s been actually trading (and not datamining) will tell you that there are ways of manually trailing stops which (when combined with sound trading logic and how the markets behaves) will always be far more effective in increasing expectancy than your data spitting algos.
%%Seriously, I was talking about Dennis Turtles, trailing stops don't work unless you are used to losing which almost all are, they they work perfectly
LOL
; funny you should mention that/ but i look for truth in jokes also
I read something else interesting about Rich Dennis , in a magazine interview, but only slightly more modern than Jack schwager interview.
Rich admitted they trained the turtles to trade; but noted if he did it over again, would train them to research[accurate paraphrase , not a quote
]Easy for you to laugh, many European benchmarks beat SPY In JAN...........................
You comment is a good start to how ridiculous it is, as I always say it's about the lowest common denominator whether it's a public forum, an algo, or manual trading, actually the algos just replace paying people like you, it's 2023 not 1983 but that's lost on everyone.
Trailing stops don't work unless you have pathetically low expectations (this is most traders at 1-2% per month so you're in good company) or you lose more than you win, actually there is something that is tried and tested throughout time which works 100%, you just don't know anyone who knows what it is
%%Everyone believes what they want to believe, if that's how you want to interpret it go ahead and place real money trades, the reference however was not about trailing stops nor highs and lows in a different era without HFT and with less rampant market manipulation such as QE, seriously educating the stupid is easier than public forums
OK alistera;
interesting you dodged his question. Subject of thread = trail stops.
You are pretty smart; but that other trader corrected you good as if the'' other people are stupid''
Thanks for your turtle comment; yes they used trailing stops%%
OK alistera;
interesting you dodged his question. Subject of thread = trail stops.
You are pretty smart; but that other trader corrected you good as if the'' other people are stupid''
Yes the Turtles trailed their stops but they weren't using what 99% of traders and all brokers call a trailing stop. Its what I call a ratchet stop, it isn't drawn automatically as price advances, its re-set manually and usually only after the latest close.
I always prefer a Turtle stop or ratchet stop rather than the trailing stop feature my broker offers. I hate the idea of paying a further "tax" on all my profits. The trailing stop also has no TA basis. I'd much rather get out of a long at a new high and aim to get back long again as soon as opportunity presents, than watch price decay and send a pile of money down the drain.
You comment is a good start to how ridiculous it is, as I always say it's about the lowest common denominator whether it's a public forum, an algo, or manual trading, actually the algos just replace paying people like you, it's 2023 not 1983 but that's lost on everyone.
Trailing stops don't work unless you have pathetically low expectations (this is most traders at 1-2% per month so you're in good company) or you lose more than you win, actually there is something that is tried and tested throughout time which works 100%, you just don't know anyone who knows what it is
The lowest common denominator is a heart beat which seems like you're lacking one.
The only thing that works 100% of the time is not being rewarded for not taking risk.
Because limiting your upside is a great strategy for maximizing returns ...
Sounds like you're also lacking elementary braincells. You must be a heartless & brainless troll.
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