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Search: Posts Made By: Big Mike

Forum: Psychology and Money Management

October 9th, 2012, 07:20 PM

Replies: 43

No more STOPS, No more TARGETS

Views: 13,069

Posted By Big Mike

There are also big moves that can happen and be...

There are also big moves that can happen and be over in the blink of an eye, like the Flash Crash of May 2010 and several mini-crashes since. Having an emergency stop on those days is very costly.
...

Forum: Psychology and Money Management

October 9th, 2012, 01:18 PM

Replies: 43

No more STOPS, No more TARGETS

Views: 13,069

Posted By Big Mike

In my opinion, which is based on talking to a ton...

In my opinion, which is based on talking to a ton of people in various roles, is that such things (ATM, etc) are never on a list of considerations. Those things are just for retail.

But you have...

Forum: Psychology and Money Management

October 9th, 2012, 12:35 PM

Replies: 43

No more STOPS, No more TARGETS

Views: 13,069

Posted By Big Mike

I know a couple of very big size traders that...

I know a couple of very big size traders that don't use stops at all. One of them says that everyone should use a stop, but he doesn't like to. The other says that no one should use stops.
...

Forum: Psychology and Money Management

October 9th, 2012, 11:50 AM

Replies: 43

No more STOPS, No more TARGETS

Views: 13,069

Posted By Big Mike

I prefer to scale out, something like 0.75R,...

I prefer to scale out, something like 0.75R, 1.5R, 2.5R or so is general idea and try to be right half the time, but I select targets based on price action not fixed increments.

Yes market can...

Showing results 1 to 4 of 4

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Unrealistic rules and requirements
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