Yes. Definitely style dependent. Averaging would be tough for me, since most of my entries fly out of the gate so fast. Too risky at that point, and if the velocity is poor, the last thing I want is a better average price
Our 400,000 Trade Test Proves Using Stops Is Not Very Bright
- Thread starter marketsurfer
- Start date
If u don't mind me asking ....what's the smallest bar interval you're using? Thanks and no problem if that question is too probing.
Definitely an uncomfortable feeling, but still trying to figure out a way to get the broker off my nuts on that one. I tried, but the results were less favorable
If you pretend that you NEVER miss a big trade because you want to buy at limit, then I will question that.
And if you miss some big trades sometimes, you will need each limit price to be extremely good before you can take any advantage from it. But reality is that you will miss some big ones, and your limit price will not always be that good. Just like my market price is not always that good.
I would say "nobody is perfect" but I cannot as I am nobody.
I will tell you something that happened to me:
in the 90's I bought 20 contracts S&P500 (at 250$ a point) which equals nowadays 100 contracts ES. At that time everything was still going by phone. My broker adviced me after 15 minutes to put a stop just below entry as I was in good profits, which I did. The trade went a bit up and down and finally took really off in the good direction. About 30 minutes later my broker called me and told me that I was stopped out. He did not know that I had realtime datafeed (which was not usual for private traders at that time). I told him the prices never came even close to my stop. I saw the times and sales. I closed my account immediatelly. He waited 30 minutes to be sure that he could take a good profit on my trade, and then called me to tell me I was stopped out. I never ever used a stop at my broker or in the market again.
Oh boy, for me the market is gigantic, so many opportunities, I can't take every signal, and don't need to.
In your case it seems different because you are trading only just one or maybe a few titles and so are dependent on every signal.
I respect your style. Do the same pls.
Hmm. yes I see you have a serious problem here... Conflict of interest etc...I would say "nobody is perfect" but I cannot as I am nobody.
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Attack the idea backed by what? What you say? 100s of tests? Where?
You entire contribution to this site has been as cannon fodder. The ACD Method thread has 10x your views... and it's a legit thread.
You've presented nothing. A claim that you've backtested 400K trades, which is honestly trivial with today's systems. No, I think you've pulled that number out of your ass and hence you have provided no files to prove your point. Irrelevant if you had (provided files), but you have not.
I have no idea what your motivation is for this thread, but you have been shown repeatedly to ignore stops that EQUAL YOUR ACCOUNT BALANCE. You once added "all-in" to your YM long, twice. Obviously not possible w/o adding funding, and then it ceases to be "all-in." You don't need any backtests to show that your conclusion is flawed. I personally don't use stops as my positions in vol are delimited.
What do you think is the root-cause of this jealousy? Your bankroll? Intellect?
It's a mathematical model, so I don't really need to see bars, or charts. I do put up a tick chart just for shits and giggles though
I think this is particullarly true when trading with retail FX dealers. You can see the obvious spikes where they are just stop hitting. I cant believe people actually trade with FX dealers and follow their "education"---
Yes, normally you have to be SOMEbody before you can have a conflict of interest. That's what I wanted to avoid by taking a nickname "I am nobody", but it turned out wrong.