the londonkid report

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romik said:
Most that trade are aware that a directional call without a mention of basic risk criteria (ie a protective stop placement) is kinda meaningless, so cash can go to 1910, but it can go to 1940 prior to that.

Constructive criticism.
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I don't believe you need a protective stop if you make a call ahead of time. A lot of traders don't use fixed pre-determined stops. If you are losing money on a trade, it doesn't necessarily mean the trade is bad or the thesis is broken. It might mean that it's time to double up. It depends on the strategy and the nature of the call. Given how short dated this call was, I don't think stops were necessary.
 
newwurldmn said:
I don't believe you need a protective stop if you make a call ahead of time. A lot of traders don't use fixed pre-determined stops. If you are losing money on a trade, it doesn't necessarily mean the trade is bad or the thesis is broken. It might mean that it's time to double up. It depends on the strategy and the nature of the call. Given how short dated this call was, I don't think stops were necessary.
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wise words. I know plenty of traders who don't use stops. Personally I like to put in a 30 tick stop for directional stuff and see how it trades, collapsing when I no longer want the position not just letting the stop get hit. I also don't just bang levels, I watch the action at the level before entering.
 
Back in August 2015 I've observed a trader post a call on ET & though he normally used a stop order, that time he chose not to, moments later ES took a nosedive. If weathering a substantial drawdown is part of the plan, then I can understand doubling up/no definitive stop level, but you gotta agree that most trading futures are on margin and considering the leverage and even an average volatility one can be completely and utterly wiped out in moments.

So, considering the fact that our wallets dictate necessity for at least a stop out zone, I will assume that 1910 call's stop is 1950.

BTW not trying to troll, just attempting to bring objectivity.
 
when this takes the next leg down watch how the 9.30 NY opening print is hunted down with relentless aggression. see that price owned and dominated.
 
I am 100% not f*cking with you. I have a legit question(s).

1910 cash today, but we're going to aggressively "take down" 1927 en route to 1955 by tomorrow's close? Surf will be running the Fed before that happens.

So any price is a win from (below) 1910 to a touch of 1955? wtf is this?
 
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