Who is Bob?
[MY VIDEO] What did I do wrong here?
- Thread starter darkmoon47
- Start date
Who is Bob?
Because I am staring at my live position, on my chart, right now. Real shit man.
Funkadelic! <-----Who the heck remembers that term, lol!
I think we're derailing slightly here...
@darkmoon47 , Sim or real... a stop loss without an offset has almost no meaning... you need to seriously offset the order if you're aiming at trading a break during major macro events....
@darkmoon47 , Sim or real... a stop loss without an offset has almost no meaning... you need to seriously offset the order if you're aiming at trading a break during major macro events....
Guys,
You have noticed I have blurred my account on DOM... I WAS TRADING ON LIVE ACCOUNT, NOT SIM!
I did extensive practice in market replay in SIM but I got filed evey time in SIM and not in live account because of real time volatility and other factors (I did get a response from Ninja Trader support team later).
@JackRab, can you please elaborate what you meant there?
Thank you everyone for replies and I will add that I used both SLM and STM orders and I did get same results.
You have noticed I have blurred my account on DOM... I WAS TRADING ON LIVE ACCOUNT, NOT SIM!
I did extensive practice in market replay in SIM but I got filed evey time in SIM and not in live account because of real time volatility and other factors (I did get a response from Ninja Trader support team later).
@JackRab, can you please elaborate what you meant there?
Thank you everyone for replies and I will add that I used both SLM and STM orders and I did get same results.
@darkmoon47 : Your stop-loss order is only as good as the price you offer when it's triggered. Offer a better price, and you'll have higher chances of getting filled. How much the offset should be depends on expected volatility and acceptable cost, which should be reflected in the medium-term history of the instrument and your backtesting. The exchange may provide a better price if available.
Not getting filled at once doesn't have to be the end of the world though. Often there's a rebound you can get filled at rising prices on, but if the move is hard and fast, you might gain unexpected losses. That's a sign of overtrading, too large position, bad trading rules or execution. Sometimes surprising moves take many traders by surprise, so should be part of risk management in advance as often too late when it has already happened.
Not getting filled at once doesn't have to be the end of the world though. Often there's a rebound you can get filled at rising prices on, but if the move is hard and fast, you might gain unexpected losses. That's a sign of overtrading, too large position, bad trading rules or execution. Sometimes surprising moves take many traders by surprise, so should be part of risk management in advance as often too late when it has already happened.
@darkmoon47 Market now = 49.50 and you have a stoploss with trigger at 49.40.
If the stoploss will generate a limit sell order at 49.40... you will likely be not selling anything, since the market collapsed straight through that level and settled on 49.22... So you now just have a limit order at offer of 49.40 which is nowhere near the new market.
If your stoploss would generate a limit sell at 49.30... which is triggered at 49.40 (so offset of -.10) you might have a chance of selling while the market collapses... but not if all others selling down to 49.22 are faster and have maybe market sell orders... you will likely still miss out on execution.
If your stoploss would generate a market sell... you will definitely execute, but you don't know at what level. You could be selling at 49.22... or even lower... 49.05... and the market might bounce back up... so that would be shit.
So in short, the bigger your offset, the bigger chance you have at execution... but it might not be at a good level.
If the stoploss will generate a limit sell order at 49.40... you will likely be not selling anything, since the market collapsed straight through that level and settled on 49.22... So you now just have a limit order at offer of 49.40 which is nowhere near the new market.
If your stoploss would generate a limit sell at 49.30... which is triggered at 49.40 (so offset of -.10) you might have a chance of selling while the market collapses... but not if all others selling down to 49.22 are faster and have maybe market sell orders... you will likely still miss out on execution.
If your stoploss would generate a market sell... you will definitely execute, but you don't know at what level. You could be selling at 49.22... or even lower... 49.05... and the market might bounce back up... so that would be shit.
So in short, the bigger your offset, the bigger chance you have at execution... but it might not be at a good level.
Then why are you not being truthful with us?!? Here is a snippet from the video you posted...A quick little bit. Notice your mouse cursor...Man...
You closed your position (order) by clicking "Close" on the NinjaTrader trade interface. That is why your position (order) vanished in an instant.
*edit* I have no idea what this poster is trying to convey. I am thrown for a loop.
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Wasn't the question about why he didn't get executed? Not about disappearing orders..
I have to admit, I lost all cognizance of the question when I saw the Ninja DOM video he posted. I think I started drooling. Apologies.