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Taking loss cutting losers managing positions HOW?


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Taking loss cutting losers managing positions HOW?

  #21 (permalink)
 Cutloss 
Midway florida
 
Posts: 243 since May 2021

the es is soo weak today. rididculously weak compared to the other indexes.. going to take it off now could still pop though due to that energy build up. somone i sholdn gdownthe es for sure.. so it is setting up for a really nice long off of this coiled up energy should it spike and break above 4192!! it sure was greased on the sell this morning wasnt it@ someone was colelcting buys off of all thos sell stopss. ok here we go keeping the 4194.25 sell stop to take profit afterall mkt getting some wind in its sails. afterall.. ha if this one dowsn produce i am out.

i ahve better thiungs to do than nurse this es trade for apublic forum.

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  #22 (permalink)
 Cutloss 
Midway florida
 
Posts: 243 since May 2021

ScreenHunter 20417

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  #23 (permalink)
 Cutloss 
Midway florida
 
Posts: 243 since May 2021


ScreenHunter 20417



out of the trade at 4193.75 have a great day!! stick to your rules and play a basic strategy. you want a system where the entry needs to be good but not great and focus on the back end!!

this is just the tip of the iceberg of what i know and do every day.. you gotta be at the top of your game to perform every single day or STOP TRADING.

have a great day hope this live trade example let you see it takes patience and discipline to make money in the markets and guess what
A LITTLE LUCK!!
ScreenHunter 20419


ScreenHunter 20421

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  #24 (permalink)
 
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 MNSTrading 
Grand Rapids, Michigan
 
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that was cool, thanks for taking the time.

Coming, they can't be denied. Going, they can't be detained.
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  #25 (permalink)
 Cutloss 
Midway florida
 
Posts: 243 since May 2021

appreciate the shout out and i didnt meananythign negative towards the site futures io it seems like a cool an great resource so use it for yourself as best you can along with everything else out there.

lets try and keep this thread going anyone and everyone add ideas to taking losses or negative exits.

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  #26 (permalink)
 SpeculatorSeth   is a Vendor
 
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Cutloss View Post
Feel free to use the term.. a friend of mine utilizes this method for his stop loss distance.

[...]

So basically ATR of the session * Max bar range of the session?



I've tried a bunch of different trailing stop type strategies, but they all seem to have the same issues. I always get better results with set targets. These are pretty easy to automate though. If this is correct I will post so people can test it.

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  #27 (permalink)
 Cutloss 
Midway florida
 
Posts: 243 since May 2021

sure you can do it that way but you would actually need a rolling ATR so if you entered on say the 5 th bar from the open this would be your atr to use obviously it has its limits i mena if you get into higehr time frames the stops have the potetnial to be way too wide unless perhaps a long term stock trader and remember this has very little to do with an exit. this ONLY to get out of the trade once you enter.

it has nothing to do with exiting a trade or taking profit. the idea of a trailing stop is to get you out at a small gain or a small loss. the trailing stop of this exit only strategy has nothing to do with you taking profits you would need to use another measure or a positive exit (take profit formula). this is not about taking profits. just taking and managing a loss.

so if you buy at 12.30 long and on a 5 minute you would use a 5 minute ATR with 60 x 3 = 180 minutes /5= so your atr period wold 36 on the 5 min bars you can round up or down

if you bought in at say 1235 to 1239 you would use 37 as your atr period

multiplied by the largest bar range since the open of trading at 9.30 new york.

the rolling atr starts out as 1 then 2 then 3 all the way to 390 at the end of the day on a 1 minute chart
930 to 4 pm

THIS HAS EVERYTHING TO DO WITH EXITING A TRADE
it has nothing to do with TAKING PROFITS !!!

but yes if you set an atr period that you like that is sensitive enough for yoru purposes then all your system needs to monitor is the largest range bar since the open and this is usually during the 1st half hour unless there is a big new s report. on those days is is OK to use the biggest bar since 7 am if a big report and you want to incorporate a large volatility bar.

the whole idea of this strategy for loss is to allow your entry to stay the course and get into profits. it can be expensive though like all losses if you enter too early on a sell off so obviously a little common sense is needed and experience but sure i like what you did with it me personally i would use like a 12 atr periiod ona 5 minute or 120 on a 1 minute to get 2 full hours included.

a 5 minute at the end fo th day would be 390/5= 78 period 5 min atr

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  #28 (permalink)
 Cutloss 
Midway florida
 
Posts: 243 since May 2021

even easier permutations would be to incorporate the vix in real time as a multiplier of sorts to the largest bar range printed in your time frame or just multiple sof teh largest bar
say teh largest bar is 4.75 points of es in the 1 min time frame

so
4.75 x.5
x1
x2
x2.5
x depending on what you want to do with it. it is wide open for interpretation and as BOb west said.. entry does matter but as i said it doesn not need to be exact for wide stops to work

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  #29 (permalink)
 Cutloss 
Midway florida
 
Posts: 243 since May 2021

in answer to your problem with trailing stop systems not being any good when used in live trading is because the algos of the hft and real market makers can kind of guess from years of data and data today as to which trades were or were not thiers so they will keep dropping the market until they find those pesky stop losses based on volume thresholds traded at certain levels that is why you often see bars athat are large kick back into the trailing stops. A smart trader would incorporate logic into his stop based on volumes or tighten it and then re enter when you see all those trailing stop losses get hit but that is a thread for antoher time. because it would deal with entry and take profit.

the sky is the limit when trading and thinking about the markets just follwo basic trading strategy and be PATIENT onyour entires and exits thats all i can say. yeah es is slow compared to nasdaq futs but come on
i made 29 bucks in a lil over an hour on a 100 margin! not a bad return to margin ratio..did i get lucky.. maybe but if you do it over and over then maybe it is skill. who knows.
I am looking to get long this es at some point here because it wants to break 4200 and will at least test it. just a lil fyi

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  #30 (permalink)
 Cutloss 
Midway florida
 
Posts: 243 since May 2021


long es now 4193.75 leet do the smart stop here

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Last Updated on June 9, 2021


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