How important is entry price? (Page 3) - Psychology and Money Management | futures trading

Go Back

> Futures Trading, News, Charts and Platforms > Psychology and Money Management

How important is entry price?
Started:August 28th, 2012 (02:18 PM) by Big Mike Views / Replies:2,218 / 23
Last Reply:June 21st, 2013 (02:39 PM) Attachments:0

Welcome to

Welcome, Guest!

This forum was established to help traders (especially futures traders) by openly sharing indicators, strategies, methods, trading journals and discussing the psychology of trading.

We are fundamentally different than most other trading forums:
  • We work extremely hard to keep things positive on our forums.
  • We do not tolerate rude behavior, trolling, or vendor advertising in posts.
  • We firmly believe in openness and encourage sharing. The holy grail is within you, it is not something tangible you can download.
  • We expect our members to participate and become a part of the community. Help yourself by helping others.

You'll need to register in order to view the content of the threads and start contributing to our community. It's free and simple, and we will never resell your private information.

-- Big Mike

Thread Tools Search this Thread

How important is entry price?

Old September 3rd, 2012, 06:42 PM   #21 (permalink)
Trading Apprentice
Gualala, CA
Futures Experience: Beginner
Platform: NinjaTrader
Broker/Data: AMP/CQG
Favorite Futures: ES
bradyk2's Avatar
Posts: 11 since Aug 2011
Thanks: 14 given, 17 received

I find that, for me (as a not yet successful trader), good exits are the difference between losing and winning, albeit mildly. If I'm making good exits, then making good entries is the difference between treading water and doing well.

In other words, exits are the difference between bad and good. entries are the difference between good and great. And you can't be great without first being good.

that, of course, is just for me. I think the entry/exit question is largely based on where your psychological issues are. Different people struggle with different aspects of discipline and mentality and that determines what is most important.

Reply With Quote

Old September 3rd, 2012, 07:35 PM   #22 (permalink)
Elite Member
DFW, Texas
Futures Experience: None
Platform: TradeStation
Favorite Futures: Stocks
Posts: 18 since Dec 2011
Thanks: 0 given, 25 received

patbateman View Post
The problem with this analysis is that you do not control your exit price, you only control when you exit.

You control your entry price and entry time.

If this were true - I would will price down every time before I went long... conversely I would will it up before I shorted

Your point is of course valid... we can only control the when - on both ends of the trade - baring unforeseen outages/ interruptions obviously


What is truly within our control, as we trade, is a really minuscule, but all important - universe

Best we become extremely adept at identifying it... then obviously managing it


Reply With Quote

Old September 5th, 2012, 07:33 PM   #23 (permalink)
Site Administrator
Manta, Ecuador
Futures Experience: Advanced
Platform: My own custom solution
Favorite Futures: E-mini ES S&P 500
Big Mike's Avatar
Posts: 45,432 since Jun 2009
Thanks: 28,836 given, 79,560 received

Poll closed, results:

Please register on to view futures trading content such as post attachment(s), image(s), and screenshot(s).


Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first.
2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers.
Help using the forum? Watch this video to learn general tips on using the site.

If you want
to support our community, become an Elite Member.

Reply With Quote

Old June 21st, 2013, 02:39 PM   #24 (permalink)
Elite Member
Denver Colorado
Futures Experience: Intermediate
Platform: Multicharts
Favorite Futures: Forex
Posts: 23 since Apr 2013
Thanks: 3 given, 1 received

Entry Efficiency Optimization

Hey all. I thought I'd revive this conversation a little with a look at how we can get entry efficiency data on all the strategies in an optimization set. I'm working on some code to get this done. I could use a little guidance on how to find the start and end of a trade, especially intrabar.


// If the trade is on then 

	If MaxPrice < High then
	MaxPrice = High;
	If MinPrice > Low then
	MinPrice = Low;
	EntryPriceVal = EntryPrice;

// If the trade just was closed then 
LongEntryEfficiency = (MaxPrice -EntryPrice) / (MaxPrice - MinPrice);
I have commented out my if statements because I am not sure how to get the timing right. If you use "if market position = 1", I believe the calculations would exclude the first bar you were in the trade for. If anyone can steer me in the right direction, I'd be happy to share the resulting code...which will record long and short entry efficiencies for each strategy in an optimization set.

Reply With Quote

Reply > Futures Trading, News, Charts and Platforms > Psychology and Money Management > How important is entry price?

Thread Tools Search this Thread
Search this Thread:

Advanced Search

Upcoming Webinars and Events (4:30PM ET unless noted)

An Afternoon with FIO trader bobwest

Elite only

NinjaTrader 8: Programming Profitable Trading Edges w/Scott Hodson

Elite only

Anthony Drager: Executing on Intermarket Correlations & Order Flow, Part 2

Elite only

Adam Grimes: Five critically important keys to professional trading

Elite only

Machine Learning Concepts w/FIO member NJAMC

Elite only

MarketDelta Cloud Platform: Announcing new mobile features

Dec 1

NinjaTrader 8: Features and Enhancements

Dec 6

Similar Threads
Thread Thread Starter Forum Replies Last Post
Important threads. kashmiami Traders Hideout 1 August 23rd, 2012 02:06 PM
Display volume, ticks at entry and profit target price level GSREDDY The Elite Circle 1 August 14th, 2012 01:50 AM
TT's Avg Entry Price issue tomgilb Brokers and Data Feeds 15 January 12th, 2012 12:59 PM
is commission price transparency important ? wwwingman Brokers and Data Feeds 7 December 19th, 2011 02:28 PM
Using Limit entry, how to know if entry was execute - Multicharts arjfca EasyLanguage Programming 11 November 24th, 2010 04:33 PM

All times are GMT -4. The time now is 10:19 AM.

Copyright © 2016 by All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts

Page generated 2016-10-23 in 0.09 seconds with 20 queries on phoenix via your IP