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Swing Trading Futures

  #51 (permalink)
karoshiman
Munich, Germany
 
Posts: 285 since Apr 2012
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Out of SI short at 31.14 with a profit.

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  #52 (permalink)
karoshiman
Munich, Germany
 
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Out of my Soybean Longs at 1434 with a loss.

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  #53 (permalink)
karoshiman
Munich, Germany
 
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Short again in Sugar at 18.90 (March). Same idea as before. Was a mistake to cover my shorts earlier...

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  #54 (permalink)
karoshiman
Munich, Germany
 
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Trying a long in Silver at 30.85 (March), near last swing low.

Out of Silver Longs at 29.91. Did not look good.

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  #55 (permalink)
karoshiman
Munich, Germany
 
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Out of my remaining NG short at 3.515 (March) with a net profit (whole position).

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  #56 (permalink)
karoshiman
Munich, Germany
 
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Out of NQ longs at 2655 with a loss.

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  #57 (permalink)
karoshiman
Munich, Germany
 
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Went short ES at 1422.25 due to breach of TL overnight. ... and it's the end of the world, of course

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  #58 (permalink)
 
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 Silvester17 
Columbus, OH
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Silvester17 View Post
first thank you for your journal. and second this is not a critique. just some thoughts.

depending what kind of crash there's while the market is closed, even if you're well capitalized, it can hurt you very badly. so at least be aware of the size you're trading. I wasn't in a trade during the flash crash, but there's no doubt in my mind you would have suffered major slippage. of course that would apply to day trading as well.

my point is if you're not hedging, it's not justified for a retail trader to swing trade futures (especially for newer traders), because of the risk. there's plenty of other instruments like options, etf etc which are more suited for swing trading.

of course this is just imho, and I do realize many will disagree.

here's a good example what can happen while swing trading futures.

wonder how many swing traders were long es with a stop below 1400.


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  #59 (permalink)
karoshiman
Munich, Germany
 
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Went long CT at 76.24 (March). Breakout of pennant.

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  #60 (permalink)
karoshiman
Munich, Germany
 
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Silvester17 View Post
here's a good example what can happen while swing trading futures.

wonder how many swing traders were long es with a stop below 1400.



Yes, that's a good example, Silvester.

However, it just shows one part of the equation. If one was long yesterday and choose to set the stop just below 1400 for whatever reason, he or she should have ensured that the 30 or 40 points delta to the stop reflected only X% of their trading equity, with X being the amount of money they were willing to lose on that trade. So, looking at the move only does not tell you much.

The more interesting question is maybe, whether someone who had the stop at, for instance, 1410, was also able to get out at 1410 or whether the person experienced major slippage.

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Last Updated on May 24, 2013


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