The S&P 500 has topped at 2430 on 6/1/17

[Gotcha]

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.

The way I see it, if you see your stop on the chart after you place the trade and you don't like where it is, then sure, move it. Sometimes you end up entering a trade not exactly where you wanted to and then you see where the standard stop falls and its clearly wrong. But the guy had 30 minutes to say he was moving his stop, and he only mentions it after the stop would have hit. This clearly means that price was heading down into where his stop was, and he didn't want to take the loss, so he moved it. Its much easier to make a decision about stops before you're forced to act quickly and irrationally.

His stop was clearly not all that well thought out initially, unless he just uses a standard 30 tick one which is fine, but for a target that was shooting for ATH's, using some sort of swing low from an hourly chart would have been ideal. Of course he might just say these are retail gimp rules.

 

[propwarrior]

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.

nah I know your kind. I could literally trade like George Soros and you would say it doesn't count you moved your stop stfu and grow up.

 

[Gotcha]

nah I know your kind. I could literally trade like George Soros and you would say it doesn't count you moved your stop stfu and grow up.

Trust me, I really don't care if it counts or not and I don't care where your stops or targets are. (although, I'm secretly hoping that 21507 hits, and you have to take a 60 tick stop or come up with another magical excuse) But what you're saying and doing just doesn't strike me as good trading behavior. I honestly don't blame you for moving your stop since it wasn't below the LOD, and testing that low before moving higher is/was very possible, but moving your stop last minute is just bad.

 

[propwarrior]

The way I see it, if you see your stop on the chart after you place the trade and you don't like where it is, then sure, move it. Sometimes you end up entering a trade not exactly where you wanted to and then you see where the standard stop falls and its clearly wrong. But the guy had 30 minutes to say he was moving his stop, and he only mentions it after the stop would have hit. This clearly means that price was heading down into where his stop was, and he didn't want to take the loss, so he moved it. Its much easier to make a decision about stops before you're forced to act quickly and irrationally.

His stop was clearly not all that well thought out initially, unless he just uses a standard 30 tick one which is fine, but for a target that was shooting for ATH's, using some sort of swing low from an hourly chart would have been ideal. Of course he might just say these are retail gimp rules.

check you out quoting all your retail trading rules. 'He had 30 minutes to say he was moving his stop', please this isn't school mate. The truth of the matter is i missed my exact entry point and was trying to showboat with a 30 tick stop, it just needed a little more room for the squeeze, 37 ticks of whatever. As I said I could bank this at 22000 and you would still be crying into your candlestick textbook. If price now rips hard are you going to stamp your feet like a toddler lol.

 

[propwarrior]

Trust me, I really don't care if it counts or not and I don't care where your stops or targets are. (although, I'm secretly hoping that 21507 hits, and you have to take a 60 tick stop or come up with another magical excuse)

let's not be dishonest here it matters a lot to you.

 

[Gotcha]

check you out quoting all your retail trading rules. 'He had 30 minutes to say he was moving his stop', please this isn't school mate. The truth of the matter is i missed my exact entry point and was trying to showboat with a 30 tick stop, it just needed a little more room for the squeeze, 37 ticks of whatever. As I said I could bank this at 22000 and you would still be crying into your candlestick textbook. If price now rips hard are you going to stamp your feet like a toddler lol.

I find that successful traders are humble, and yet you are showing that you are nothing but. You seem very angry, and want to put down retail traders, and I'm not sure why.

Now you're admitting that you are showboating by trying to claim using a tight stop with what would have been a decent R:R ratio, and that didn't work out too well obviously. At least you're admitting that your entry wasn't ideal, but its all ego here, which once again doesn't have any place in trading.

What this whole experience shows though is that so much of what is posted on ET is absolute garbage. So much of what is written here shouldn't be how people trade, and it clearly isn't even how you trade. First your'e missing your entry, then you're not even using the stop you said you would use, etc.

This is why live calls are so important. It brings to light very quickly what it takes to be a successful trader, and more often, it shows exactly what not to do. Each time you post a trade stamp now from some win, we will have no idea what it took to actually get there, and this is the critical part.

 

[propwarrior]

I find that successful traders are humble, and yet you are showing that you are nothing but. You seem very angry, and want to put down retail traders, and I'm not sure why.

Now you're admitting that you are showboating by trying to claim using a tight stop with what would have been a decent R:R ratio, and that didn't work out too well obviously. At least you're admitting that your entry wasn't ideal, but its all ego here, which once again doesn't have any place in trading.

What this whole experience shows though is that so much of what is posted on ET is absolute garbage. So much of what is written here shouldn't be how people trade, and it clearly isn't even how you trade. First your'e missing your entry, then you're not even using the stop you said you would use, etc.

This is why live calls are so important. It brings to light very quickly what it takes to be a successful trader, and more often, it shows exactly what not to do. Each time you post a trade stamp now from some win, we will have no idea what it took to actually get there, and this is the critical part.

I am sensing some butthurt. Just remember though when we hit new ATHs then 22000 in the Sept Dow it doesn't count because I moved my stop from 30 ticks to 60 ticks. Also note it was a fluke and I got lucky.

 

[theapprentice]

the bargain boys gonna step in huge soon for a savage ramp?

shocker!

 

[propwarrior]

long Sep Dow 21567 30 tick stop, target new ATH minimum.

Reducing risk. Moved stop back to 30 ticks.

 

[volente_00]

Bulls are just to relentless
After option expiration I will start a new thread for the next inflection zone since this one is no longer valid