got to move fast, think fast. one man's stop is anther man's entry
i can't pick the arbitrary stop 15 or 30 mins, or 24hrs away, i am not that good
and i doubt you are too
i'm going to start my own thread...
- Thread starter jimmiebarton
- Start date
i can't pick the arbitrary stop 15 or 30 mins, or 24hrs away, i am not that good
and i doubt you are too
add 18016
got to move fast, think fast. one man's stop is anther man's entry
i can't pick the arbitrary stop 15 or 30 mins, or 24hrs away, i am not that good
and i doubt you are too
I agree, I can't either.
My stops are tight. The stop for my trade that I mentioned was 4-ticks (had I been a little more patient I could have managed a 2-tick stop). Can't imagine trading with a greater than 5-pt stop in ES. Hence my curiosity and my initial question.
Will let you get back to trading. Thanks for your response.
All the best.
Regards,
Monoid.
you expect success on avg within 3 ticks? thats zwesome, i can't do that
I am either right or wrong .... so why risk more. There is always the next trade
Monoid.
we are either right or wrong within ONE TICK, why risk 4?I am either right or wrong .... so why risk more. There is always the next trade
Monoid.
add YM 18047
Exall 18059
I apologize for not being clear. What I meant to say was that I enter based on a level holding. If that level does not hold, then the premise for my trade is invalid. So, I try to enter as close to that level as possible.
Believe me, if I can get a fill at the level I expect price to hold I will more than gladly take the 1-tick risk trades day-in and day-out (a little bit of exaggeration, I would still want to give a tick leeway ... so make it 2-tick risk)! But, in my experience, I have gotten such fill only twice. So, no reason for wishful thinking. If my risk is more than 6-ticks, I let the trade go (won't chase it).
Regards,
Monoid.
at this price point, i let those that like to buy tops ans those that like sell them hash it out.
i'll pick up the pieces
i'll pick up the pieces