James,I do not use stops period!
Would you please elaborate on your reasoning? I can understand why mental stops may be preferable in certain situations, but isn't trading without stops somewhat risky??
Posted 25 February 2004 - 09:24 PM
James,I do not use stops period!
Posted 25 February 2004 - 09:46 PM
Posted 25 February 2004 - 09:49 PM
Posted 25 February 2004 - 10:05 PM
You are right. I don't trade futures.if you don't use stops you don't trade futures, and/or what was put on as a "trade" becomes an "investment grade vehicle" suitable for long term holding
norton, not being sarcastic, just pointing out what personal experience has taught
Posted 25 February 2004 - 10:07 PM
Interesting question...Also, anyone have thoughts on when to get back into a position once you've been stopped out? If it comes back above your stop point do you re-enter?
SSB
Posted 25 February 2004 - 10:15 PM
Posted 25 February 2004 - 10:19 PM
Posted 25 February 2004 - 10:32 PM
Posted 25 February 2004 - 10:58 PM
I see your list as considerations before the trade. After that it's "making a play for [something] to go up (down), and risking 'X' amount on it".Lots of things to consider when playing stops.
Current market conditions
Risk tolerance
Size of the trade
Support areas
Ma's
Patterns
Volume
Length of trend in directions of stop
Nearterm t-lines
Longterm t-lines
Nearterm trade?
Longterm trade?
Fundamental play?
Technical pick?
Penny play?
Large Cap?
Volatility
distance from base
Sector performance
Well, there is a bunch of things off of the top of my head. No wonder there is no black box technique for applying stops.
best to all!
Posted 25 February 2004 - 11:00 PM