time stop

H

hermit_trader

Anyone using time stop?
Is it a common practice for intraday trading?
What is the normal time stop for trading futures like Bund, DAX and FTSE?
Any books or website about it?
 
Quote from hermit_trader:

Anyone using time stop?
Is it a common practice for intraday trading?
What is the normal time stop for trading futures like Bund, DAX and FTSE?
Any books or website about it?
More...
==============
Every disciplined day trader uses time stops;
flat end of day, by definition.

Many swing traders use a modified time stop, end of day entry or exit;
thats one my main measures, plus open price.

Also stops can be buy & sell, ;
could change it but buy /sell more during eod more so than open.
:cool:

And while time stops can be nicely profitable;
some of my stocks did & other did not give prior hints/warning in Oct 1987 huge % drop
 
I use a time stop in the 1 - 2 hour range for a system that trades the TY, ER2, JY and EC. This is in addition to a price stop and target. I added time stops about a year ago and it improved my performance significantly as I'm certain it keeps me more disciplined.
 
indeed... depending on trade type & size, the more leveraged the shorter the time stop, 1h max intraday, always 98% min. in cash at COB
 
hermittrader

I use an egg timer on some trades. My thoughts usually might be : Well, i will take this trade but if it does not fly in 10 minutes i will pull it. The reasoning comes from the saying: A trade should start to show a profit asap. Trades are all ES on a 5 min chart.
 
Quote from Batterup:

hermittrader

I use an egg timer on some trades. My thoughts usually might be : Well, i will take this trade but if it does not fly in 10 minutes i will pull it. The reasoning comes from the saying: A trade should start to show a profit asap. Trades are all ES on a 5 min chart.
More...

Yes. This is what I want to ask.

If I only expect 2 or 3 ticks profits, is 10 minutes too long?
 
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