Stops and news related moves - Stocks and ETFs Trading | futures io social day trading
futures io futures trading


Stops and news related moves
Updated: Views / Replies:330 / 4
Created: by mcteague Attachments:0

Welcome to futures io.

(If you already have an account, login at the top of the page)

futures io is the largest futures trading community on the planet, with over 90,000 members. At futures io, our goal has always been and always will be to create a friendly, positive, forward-thinking community where members can openly share and discuss everything the world of trading has to offer. The community is one of the friendliest you will find on any subject, with members going out of their way to help others. Some of the primary differences between futures io and other trading sites revolve around the standards of our community. Those standards include a code of conduct for our members, as well as extremely high standards that govern which partners we do business with, and which products or services we recommend to our members.

At futures io, our focus is on quality education. No hype, gimmicks, or secret sauce. The truth is: trading is hard. To succeed, you need to surround yourself with the right support system, educational content, and trading mentors Ė all of which you can find on futures io, utilizing our social trading environment.

With futures io, you can find honest trading reviews on brokers, trading rooms, indicator packages, trading strategies, and much more. Our trading review process is highly moderated to ensure that only genuine users are allowed, so you donít need to worry about fake reviews.

We are fundamentally different than most other trading sites:
  • We are here to help. Just let us know what you need.
  • We work extremely hard to keep things positive in our community.
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts.
  • We firmly believe in and encourage sharing. The holy grail is within you, we can help you find it.
  • We expect our members to participate and become a part of the community. Help yourself by helping others.

You'll need to register in order to view the content of the threads and start contributing to our community.  It's free and simple.

-- Big Mike, Site Administrator

Reply
 
Thread Tools Search this Thread
 

Stops and news related moves

  #1 (permalink)
Elite Member
New York NY USA
 
Futures Experience: Beginner
Platform: esignal, ninjatrader,
Favorite Futures: Stocks
 
Posts: 110 since Oct 2012
Thanks: 54 given, 29 received

Stops and news related moves

There are some people who think you should not bother to use stops at all. But that is another discussion.

The question I have is how people feel about moving there stops when a market move appears to be news or rumor driven.
Take Fridays drop. Some people overreact to rumors of a minor rate increase, or some people worry about election issues and the market drops a bit. But has your trade really changed?

You can choose to move your stops out of the way. And it is true that probably in a few days the market will come back up . So avoiding the actual loss of real money is a go. But on the other hand if you have taken positions based a particular risk reward calculation, moving that stop out of the way as it were completely distorts your calculations and trading strategy.

Personally I use fairly wide stops. So this only comes up for me in rare occasions. But it is an interesting question to ask. Why have stops if you are going to move them. But if the market move is based an bs why stand there and lose your money.

I am just wondering how other people have resolved this dilemma

Reply With Quote
 
  #2 (permalink)
Quick Summary
Quick Summary Post

Quick Summary is created and edited by users like you... Add FAQ's, Links and other Relevant Information by clicking the edit button in the lower right hand corner of this message.

 
  #3 (permalink)
Elite Member
New York NY USA
 
Futures Experience: Beginner
Platform: esignal, ninjatrader,
Favorite Futures: Stocks
 
Posts: 110 since Oct 2012
Thanks: 54 given, 29 received


I may repost this, or something similar, to money management. I think though this question comes up more often in equities because there is no expiration.

Reply With Quote
 
  #4 (permalink)
Market Wizard
London UK
 
Futures Experience: Beginner
Platform: CQG
Favorite Futures: Futures
 
xplorer's Avatar
 
Posts: 2,635 since Sep 2015
Thanks: 5,553 given, 3,830 received
Forum Reputation: Legendary


mcteague View Post
There are some people who think you should not bother to use stops at all. But that is another discussion.

The question I have is how people feel about moving there stops when a market move appears to be news or rumor driven.
Take Fridays drop. Some people overreact to rumors of a minor rate increase, or some people worry about election issues and the market drops a bit. But has your trade really changed?

You can choose to move your stops out of the way. And it is true that probably in a few days the market will come back up . So avoiding the actual loss of real money is a go. But on the other hand if you have taken positions based a particular risk reward calculation, moving that stop out of the way as it were completely distorts your calculations and trading strategy.

Personally I use fairly wide stops. So this only comes up for me in rare occasions. But it is an interesting question to ask. Why have stops if you are going to move them. But if the market move is based an bs why stand there and lose your money.

I am just wondering how other people have resolved this dilemma

Hi mcteague

To me this question has no fixed answer.

It's a bit like the dilemma 'do I take some good profits here or do I wait knowing that either my current profits will be diminished or they will be enhanced?'.

I believe it's all a matter of experience which means that an experienced trader will know that in some occasions it is appropriate to move the stops out of the way, knowing it is a risk. But they will have done the math and have accepted the risk.

Reply With Quote
The following user says Thank You to xplorer for this post:
 
  #5 (permalink)
Elite Member
Prince George BC Canada
 
Futures Experience: Advanced
Platform: IBs TWS
Broker/Data: IB
Favorite Futures: Stocks
 
deaddog's Avatar
 
Posts: 589 since May 2013
Thanks: 94 given, 631 received

Stops allow you to take a small loss to avoid taking a large loss.

You calculate the risk going into a trade. If you adjust your stop you are increasing your risk so hopefully the potential reward is there to offset the additional risk.

It is hard to find the Truth when you start your search with a preconceived notion of what the Truth will be.
Reply With Quote

Reply



futures io > > > > Stops and news related moves

Thread Tools Search this Thread
Search this Thread:

Advanced Search



Upcoming Webinars and Events (4:30PM ET unless noted)

July Journal Challenge w/$1100 in prizes from TopstepTrader

July
 

An Afternoon with FIO member Softsoap

Elite only

Battlestations: Show us your trading desks and win $750 in prizes

August
 

Extended Ask Me Anything w/Brett Steenbarger

Elite only

Prototyping Python Strategies (part 3) w/Ran Aroussi

Elite only

Brannigan Barrett w/Axia Futures

Elite only

Introduction to Phillip Capital futures brokerage services

Aug TBD

How Monte Carlo Analysis Can Help Your Trading w/Kevin Davey

Elite only
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
huge price moves, no news... nourozi Traders Hideout 9 February 7th, 2015 10:39 PM
Going to be a busy news day...(non trading related) Gary Off-Topic 0 June 26th, 2013 10:51 AM
As Obamacare Moves Forward, What Exactly Happens Now? Quick Summary News and Current Events 0 June 28th, 2012 12:50 PM
How many contracts moves the market TrendTraderBH Traders Hideout 3 May 16th, 2012 05:35 PM
Stops, trailing and breakeven stops jonc NinjaTrader 4 November 9th, 2010 12:06 AM


All times are GMT -4. The time now is 12:59 PM.

Copyright © 2017 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432, info@futures.io
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.
no new posts
Page generated 2017-07-22 in 0.08 seconds with 19 queries on phoenix via your IP 54.156.56.73