The S&P 500 has topped at 2430 on 6/1/17
- Thread starter volente_00
- Start date
I am giving it a little bit more room, hard stop at 60 ticks now.
Hahaha.... omg... come on dude! You just said 30 tick stop.. it hit 3 ticks below your stop, and now you're saying it was just a "mental" stop???
Of course your stop was silly given that it wasn't below the low of day at least, but if you really want to stick with your stop movement, how is anyone going to believe anything you say???
Edit: You can't even honor the stop you say you put in the market and you have the nerve to lecture @volente_00 ?
I hope the market takes your "new" 60 tick stop and teaches you a lesson so you can sit there and regret not keeping your initial stop.
wtf. you are a chump mate. I had an initial 30 hard stop then moved it to 60 ticks. I am a discretionary trader. You want me to show the time stamps when I moved the stop lol
A fair point, but I'd say this government more closely resembles the Clinton government in the Monica Lewinsky years (well, I guess after her "time" when she was the subject of a congressional intrigue).
When Congress starts doing things, that's when to get scared.
Moving a stop as price is coming down to take it is something you consider good trading? If you didn't like where your initial 30 tick stop was, you either don't take the trade, or put the stop in an area where the market shouldn't go if you're still right about a trade. Moving a stop that is about to be hit is an emotional reaction, simple as that.
hahah you are a chump mate pure and simple. I am long past the emotional stage I know when to hold em and when to fold em. Note your mate adds into a position 4 or 5 times to claim a winner lol. You are coming in with your retail gimp rules like it's some sort of law. It doesn't really matter what happens anyway, if I hit a huge winner you will say it doesn't count because you moved your stop, if I take a loser you will say it proves I can't trade. I don't think you will be convinced anyone can trade profitably until you actually stand behind them with a camcorder.
Exactly right. You never even hinted initially that you would move your stop. In fact, I was already typing a reply to say how ironic that for such a bullish trader your stop was hit in 30 mins, but I didn't get around to finishing before your stop was hit.
No, I would say you did a good job of showing entry and stop, along with where you were at least looking for the trade to go. When a person shows wins and losses, it shows the true nature of the game.
I'm not looking to be convinced of anything. I know what it takes and know its possible. But I also know bullshit when I see it.
I fully agree with you that adding to a loser is very very dangerous, but moving stops when price is coming down into it is another major sin.
Oh.. and one more thing. You criticize my retail rules, and yet you suggested anything from an 85 point ES stop, for prop trading or insitutions, to just this 30 tick stop in YM which hit in 30 minutes, and a stop that you couldn't even honor and claimed to move AFTER it was hit.
It seems like the rules you give yourself are so vast and wide that anything falls within the bounds.
About moving stops, it's a personal decision, if you can afford adjusting the risk, then why not? No right or wrong really, as long as there is a rational reason behind it & not emotional attachment.
Moving stops is a bit of gamble as you can never know where price will actually turn.
Moving stops is a bit of gamble as you can never know where price will actually turn.
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