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trading management
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trading management

  #1 (permalink)
Trading Apprentice
mount vernon, new york
 
Futures Experience: Intermediate
Platform: think or swim
Favorite Futures: emini
 
Posts: 11 since Mar 2016
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trading management

What is the ideal stop/loss percentage?

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  #2 (permalink)
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  #3 (permalink)
Elite Member
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panlover215 View Post
What is the ideal stop/loss percentage?

The one that doesn't get filled???

This question it seems to me has a great deal of insight missing. It depends on many variables.
  1. Account size
  2. Trading paradigm
  3. Instrument
  4. Goals
  5. Nerves
  6. Ones research
  7. etc etc......

Ron

It is an axiomatic fact that while you meditate you are speaking with your own spirit. In that state of mind you put certain questions to your spirit and the spirit answers: the light breaks forth and the reality is revealed.
The steed of this Valley is pain; and if there be no pain this journey will never end.
Buy Low And Sell High (read left to right or right to left....lol)
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  #4 (permalink)
Trading Apprentice
mount vernon, new york
 
Futures Experience: Intermediate
Platform: think or swim
Favorite Futures: emini
 
Posts: 11 since Mar 2016
Thanks: 0 given, 6 received

Well, considering the fact that this is a new playing field.
i'm a former options trader.
now i'm looking to go into futures.
how much of a difference is there?

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  #5 (permalink)
Elite Member
Buenos Aires Argentina
 
Futures Experience: Advanced
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panlover215 View Post
Well, considering the fact that this is a new playing field.
i'm a former options trader.
now i'm looking to go into futures.
how much of a difference is there?

Biggest difference on hopping to futures is presumably you now have black swan exposures, but in exchange have no worries about theta decay.

I would say as a retail trader, 1-2% max risk on any position is probably pretty comfortable. Anywhere north of 3% starts getting mathematically problematic. Most institutional desks might run .25-.5% max risk.

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  #6 (permalink)
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Favorite Futures: The one I'm creating in the present....ES, ZF, ZN, ZB, FX pairs
 
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panlover215 View Post
Well, considering the fact that this is a new playing field.

i'm a former options trader.

now i'm looking to go into futures.

how much of a difference is there?


Knowledge = Power

Here is one idea....
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From this....
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What are you looking to accomplish exactly (cash flow, wealth building) and how (day trades, swing trades etc)? Did you write a Trade Plan? This is a starting point.

Ron


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It is an axiomatic fact that while you meditate you are speaking with your own spirit. In that state of mind you put certain questions to your spirit and the spirit answers: the light breaks forth and the reality is revealed.
The steed of this Valley is pain; and if there be no pain this journey will never end.
Buy Low And Sell High (read left to right or right to left....lol)
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  #7 (permalink)
Trading Apprentice
mount vernon, new york
 
Futures Experience: Intermediate
Platform: think or swim
Favorite Futures: emini
 
Posts: 11 since Mar 2016
Thanks: 0 given, 6 received

I've read books on put selling based upon a 102030 reversal in options.
but after researching and back testing, this seems to be good half of the time.

I'm looking for a solid back tested proven methodology of trading. ie charting, technicals, etc.

I've seen a members post on a similiar abletrend charting, and i was wondering whether that is a good set up?

I've lost my job for several years now. and i'm looking to do this to generate an income to survive like a normal salary.
any ideas? recommendations? tested and true methods?

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  #8 (permalink)
Elite Member
Chicago, IL
 
Futures Experience: None
Platform: NT8,NT7,TWS,FOREX.COM app
Broker/Data: InteractiveBrokers, NinjaTrader Brokerage FOREX.COM, IQFeed
Favorite Futures: The one I'm creating in the present....ES, ZF, ZN, ZB, FX pairs
 
Blash's Avatar
 
Posts: 1,560 since Nov 2011
Thanks: 4,526 given, 2,340 received
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panlover215 View Post
I've read books on put selling based upon a 102030 reversal in options.
but after researching and back testing, this seems to be good half of the time.

I'm looking for a solid back tested proven methodology of trading. ie charting, technicals, etc.

I've seen a members post on a similiar abletrend charting, and i was wondering whether that is a good set up?

I've lost my job for several years now. and i'm looking to do this to generate an income to survive like a normal salary.
any ideas? recommendations? tested and true methods?

Wow. Where to start. Don't have the time right now unfortunately. You must only trade with cash you can lose PERIOD. And it will take some time before you will be making an income of which you can survive comfortably. You and only you can do the work to create a Trading plan for YOU. It not a one size fits most type of thing.

If you are in a desperate type of mind set ......DO NOT TRADE!!!!!

How are you with data or numbers?

Ron

It is an axiomatic fact that while you meditate you are speaking with your own spirit. In that state of mind you put certain questions to your spirit and the spirit answers: the light breaks forth and the reality is revealed.
The steed of this Valley is pain; and if there be no pain this journey will never end.
Buy Low And Sell High (read left to right or right to left....lol)
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  #9 (permalink)
Elite Member
Houston, TX
 
Futures Experience: Beginner
Platform: IB, S5
Broker/Data: IB, Stage 5, TOS
Favorite Futures: Stocks, Options, Futures
 
Posts: 40 since Dec 2015
Thanks: 33 given, 45 received

just thinking out loud here...

In general, you need a system that has positive expectancy.

meaning the amount of time you win times you average winner exceeds the amount of time you lose and your average loser.

After that, its about managing your risk of ruin on sizing.

So in response to your first post, I think it depends on your trading strategy...

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  #10 (permalink)
Trading Apprentice
mount vernon, new york
 
Futures Experience: Intermediate
Platform: think or swim
Favorite Futures: emini
 
Posts: 11 since Mar 2016
Thanks: 0 given, 6 received



Blash View Post
Wow. Where to start. Don't have the time right now unfortunately. You must only trade with cash you can lose PERIOD. And it will take some time before you will be making an income of which you can survive comfortably. You and only you can do the work to create a Trading plan for YOU. It not a one size fits most type of thing.

If you are in a desperate type of mind set ......DO NOT TRADE!!!!!

How are you with data or numbers?

Ron

I understand only what i can afford to lose, yes i get it.
I'm fine with data, i've been learning different indicators, oscillators etc...

But what i'm really seeking for is a method that can atleast give me 3 to 1 odds. I saw a post from a member in regards to able trend. Have you tried it?
do you have any recommondations? i use think or swim

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