ES Mini Stop Loss and Exit price input (Page 2) - Psychology and Money Management | futures trading

Go Back

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

ES Mini Stop Loss and Exit price input
Started:August 18th, 2015 (06:28 PM) by Jdesey Views / Replies:925 / 11
Last Reply:August 23rd, 2015 (07:29 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

ES Mini Stop Loss and Exit price input

Old August 22nd, 2015, 03:51 PM   #11 (permalink)
Trading Apprentice
Oakville OntarioéCanada
Futures Experience: Advanced
Platform: tradestation
Favorite Futures: Futures
Posts: 2 since Aug 2015
Thanks: 0 given, 0 received

Jdesey View Post
I have searched for this and did not come up with a solid answer... I only trade ES Mini... I seem to struggle with my stops. I like trailing stops cause it is robotic, set it and let the trade take me out. But how wide? it seems to me lately the number is 2 points/8 ticks... one thing this forces me to do is keep losses manageable, but let my winners run... I have had a tendency to take profits too early...

anyone who trades the ES have input? what do you do for Stop loss and exit price

jdesey, your question of where to place a stop on the mini S&P contract is a very good one and one Ive been asked many times. First there is NO simple answer that applies every day. Some days when market volatility is low you can work a tight stop of a point or two depending on your entry point (ex if the make t is bumping up a previous resistance area). However on days like we had last week in the S&P you would get stop out quite often right away as the volatility was incredible. So to try to give you something to consider try to factor in the Implied Volatility of the at the money put and calls. When that number is high use a wider stop loss level. Also when the day starts check the overnight market and see what the high low was overnight. If it was fairly tight (ie 4 or 5 points) you could consider working tighter stops. With respect to stops, in order to to prevent getting stopped out too often try not to have positions on right before economic releases. The S&P will spike one way and then go the other purposely to take out the small stop orders. best of luck in your trading

Reply With Quote

Old August 23rd, 2015, 07:29 PM   #12 (permalink)
Elite Member
Sydney, NSW Australia
Futures Experience: Intermediate
Platform: Ninjatrader
Favorite Futures: ES, CL
Posts: 26 since May 2015
Thanks: 17 given, 19 received

Basically I use Mikes theory of setting your stop to the point that a trade would no longer be valid.

Additionally I use ATR measurements to try and make sure that I will not be taken out by market chop, and if I am likely to then the trade is invalid and will not be taken.

Last edited by TraderFish; August 23rd, 2015 at 08:13 PM.
Reply With Quote

Reply > Futures Trading, News, Charts and Platforms > Psychology and Money Management > ES Mini Stop Loss and Exit price input

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
When a stop loss order is filled beyond limit price Big Mike Brokers and Data Feeds 56 September 15th, 2015 09:01 AM
ES stop loss fills stefan416 Index Futures Trading 28 August 30th, 2015 12:02 AM
Fee's For Stop Loss / Trailing Stop rkersh409 Brokers and Data Feeds 3 May 29th, 2014 04:15 PM
Ninjatrader strategy for Trailing Stop and stop loss. skann NinjaTrader 2 August 20th, 2013 07:34 PM
Gom volume/Price anomoly??Input please deercreek NinjaTrader 4 May 22nd, 2011 11:46 PM

All times are GMT -4. The time now is 04:31 PM.

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 2016-10-21 in 0.10 seconds with 23 queries on phoenix via your IP