NexusFi: Find Your Edge


Home Menu

 





How do YOU enter a trade


Discussion in Emini and Emicro Index

Updated
      Top Posters
    1. looks_one tderrick with 18 posts (14 thanks)
    2. looks_two tturner86 with 5 posts (3 thanks)
    3. looks_3 sands with 3 posts (2 thanks)
    4. looks_4 Scalpingtrader with 3 posts (3 thanks)
      Best Posters
    1. looks_one rk142 with 5 thanks per post
    2. looks_two Luger with 2 thanks per post
    3. looks_3 PandaWarrior with 1.5 thanks per post
    4. looks_4 tderrick with 0.8 thanks per post
    1. trending_up 10,911 views
    2. thumb_up 49 thanks given
    3. group 13 followers
    1. forum 41 posts
    2. attach_file 0 attachments




 
Search this Thread

How do YOU enter a trade

  #41 (permalink)
 
tderrick's Avatar
 tderrick 
Nashville, Tennessee
 
Experience: Intermediate
Platform: Ninja / Jigsaw / 9G
Broker: AMP / CQG
Trading: NQ, YM and ES
Posts: 1,588 since Sep 2010
Thanks Given: 4,260
Thanks Received: 2,532


ekim View Post
Entries variable, but always market for stops. This works because I trade liquid instruments, it wouldn't work well on light volume stocks/futures.

The bit of potential slippage on the stop is worth it, since everyone will get hit with black swans in their life, and a stop limit order could quite possibly kill your account depending on the size you have on.


Yes.... when I refer to stop limit orders , these are for entry only ...certainly market for the stops that exit a trade.


AJ
Nashville, Tennessee


"Life On The Edge of SR"
Follow me on Twitter Visit my NexusFi Trade Journal Started this thread Reply With Quote

Can you help answer these questions
from other members on NexusFi?
ZombieSqueeze
Platforms and Indicators
Trade idea based off three indicators.
Traders Hideout
NT7 Indicator Script Troubleshooting - Camarilla Pivots
NinjaTrader
MC PL editor upgrade
MultiCharts
Quant vue
Trading Reviews and Vendors
 
  #42 (permalink)
 
BTR411's Avatar
 BTR411 
NY, NY/USA
 
Experience: Advanced
Platform: Investor/RT and TT XT
Broker: DTN IQFeed, Rthmic, TT-NET
Trading: Energy Futures
Posts: 222 since Mar 2013
Thanks Given: 196
Thanks Received: 1,179

Interesting topic!

Stop market orders here or I will just hit buy/sell @ the market to enter the trade.

For myself, the bottom line is to get into the trade......I don't want to get a partial fill and be "half in" in an attempt to grab a few ticks at a better price. On some swings, there might not be a second chance to get in.

I find that traders with conviction behind their setups tend to use market orders, but this also depends on the type of trading and market.

As someone else mentioned already, I will use limit orders a small percentage of the time (when trying to reach on a fill price) on exits...but this is bracketed with a market order that will trigger if the limit is not filled or a partial fill.

If you can keep your wits about you while all others are losing theirs, and blaming you....The world will be yours and everything in it, what's more, you'll be a man, my son. - Kipling
Reply With Quote
Thanked by:




Last Updated on June 3, 2014


© 2024 NexusFi™, s.a., All Rights Reserved.
Av Ricardo J. Alfaro, Century Tower, Panama City, Panama, Ph: +507 833-9432 (Panama and Intl), +1 888-312-3001 (USA and Canada)
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.
About Us - Contact Us - Site Rules, Acceptable Use, and Terms and Conditions - Privacy Policy - Downloads - Top
no new posts