trading management - futures io
futures io futures trading



trading management


Discussion in Stocks and ETFs

Updated
      Top Posters
    1. looks_one panlover215 with 7 posts (6 thanks)
    2. looks_two Blash with 6 posts (3 thanks)
    3. looks_3 aquarian1 with 1 posts (2 thanks)
    4. looks_4 MacroNinja with 1 posts (2 thanks)
      Best Posters
    1. looks_one aquarian1 with 2 thanks per post
    2. looks_two MacroNinja with 2 thanks per post
    3. looks_3 panlover215 with 0.9 thanks per post
    4. looks_4 Blash with 0.5 thanks per post
    1. trending_up 4,076 views
    2. thumb_up 15 thanks given
    3. group 5 followers
    1. forum 18 posts
    2. attach_file 0 attachments




Welcome to futures io: the largest futures trading community on the planet, with well over 125,000 members
  • Genuine reviews from real traders, not fake reviews from stealth vendors
  • Quality education from leading professional traders
  • We are a friendly, helpful, and positive community
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts
  • We are here to help, just let us know what you need
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

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

 
Search this Thread
 

trading management

(login for full post details)
  #1 (permalink)
mount vernon, new york
 
 
Posts: 11 since Mar 2016
Thanks: 0 given, 6 received

What is the ideal stop/loss percentage?

Reply With Quote
The following user says Thank You to panlover215 for this post:

Journal Challenge February 2021 results (so far):
Competing for $1500 in prizes from Topstep
looks_oneSBtrader82 's Trading Journalby SBtrader82
(139 thanks from 28 posts)
looks_twoJust BEING a Trader: Letting Go!!by iqgod
(106 thanks from 27 posts)
looks_3Wisdom is Emptinessby Mtype
(66 thanks from 24 posts)
looks_4Deetee’s DAX Trading Journal (time based)by Deetee
(30 thanks from 14 posts)
looks_5Journal for peanuts1956by peanuts1956
(23 thanks from 13 posts)
 
 
(login for full post details)
  #3 (permalink)
Chicago, IL
 
Experience: None
Platform: NT8,NT7,TWS
Broker: InteractiveBrokers, S5T, IQFeed
Trading: The one I'm creating in the present....Index Futures mini/micro, ZF
 
Blash's Avatar
 
Posts: 2,262 since Nov 2011
Thanks: 7,153 given, 4,394 received



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

...My calamity is My providence, outwardly it is fire and vengeance, but inwardly it is light and mercy...
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)
Follow me on Twitter Visit my futures io Trade Journal Reply With Quote
The following 2 users say Thank You to Blash for this post:
 
(login for full post details)
  #4 (permalink)
mount vernon, new york
 
 
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?

Reply With Quote
The following user says Thank You to panlover215 for this post:
 
(login for full post details)
  #5 (permalink)
Buenos Aires Argentina
 
Experience: Advanced
Platform: NT, MT4, Sierra
Trading: S&P, Bonds, Crude, FX
 
Posts: 250 since Sep 2014
Thanks: 37 given, 244 received


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.

Reply With Quote
The following 2 users say Thank You to MacroNinja for this post:
 
(login for full post details)
  #6 (permalink)
Chicago, IL
 
Experience: None
Platform: NT8,NT7,TWS
Broker: InteractiveBrokers, S5T, IQFeed
Trading: The one I'm creating in the present....Index Futures mini/micro, ZF
 
Blash's Avatar
 
Posts: 2,262 since Nov 2011
Thanks: 7,153 given, 4,394 received


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....


From this....


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


Sent from my iPhone using Tapatalk

...My calamity is My providence, outwardly it is fire and vengeance, but inwardly it is light and mercy...
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)
Follow me on Twitter Visit my futures io Trade Journal Reply With Quote
 
(login for full post details)
  #7 (permalink)
mount vernon, new york
 
 
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?

Reply With Quote
The following user says Thank You to panlover215 for this post:
 
(login for full post details)
  #8 (permalink)
Chicago, IL
 
Experience: None
Platform: NT8,NT7,TWS
Broker: InteractiveBrokers, S5T, IQFeed
Trading: The one I'm creating in the present....Index Futures mini/micro, ZF
 
Blash's Avatar
 
Posts: 2,262 since Nov 2011
Thanks: 7,153 given, 4,394 received


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

...My calamity is My providence, outwardly it is fire and vengeance, but inwardly it is light and mercy...
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)
Follow me on Twitter Visit my futures io Trade Journal Reply With Quote
 
(login for full post details)
  #9 (permalink)
Houston, TX
 
Experience: Intermediate
Platform: Sierra / Jigsaw
Broker: AMP / CQG
Trading: Stocks, Options, Futures
 
Posts: 41 since Dec 2015
Thanks: 34 given, 47 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...

Reply With Quote
The following user says Thank You to Gambit88 for this post:
 
(login for full post details)
  #10 (permalink)
mount vernon, new york
 
 
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

Reply With Quote
 
(login for full post details)
  #11 (permalink)
mount vernon, new york
 
 
Posts: 11 since Mar 2016
Thanks: 0 given, 6 received


Gambit88 View Post
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...

3 to 1 odds is relative scenario of winning i'm looking for.

Selling puts costs alot of money when it comes to Buying power, and i don't have that.

so i'm looking for other ways. any recommendations?

I see a bunch of downloads here in the forum, but how do i apply it after tweaking it to my standards a little?

Reply With Quote
The following user says Thank You to panlover215 for this post:
 
(login for full post details)
  #12 (permalink)
Chicago, IL
 
Experience: None
Platform: NT8,NT7,TWS
Broker: InteractiveBrokers, S5T, IQFeed
Trading: The one I'm creating in the present....Index Futures mini/micro, ZF
 
Blash's Avatar
 
Posts: 2,262 since Nov 2011
Thanks: 7,153 given, 4,394 received


panlover215 View Post
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


I have not tried that system, sorry. For me, I don't use indicators (I used to) that are a derivative of price meaning a formula calculated off OHLC and vol. I tend to just use market generated info. For example my post here and its Excel spreadsheet....

https://futures.io/bonds-interest-rates-trading/36324-zf-5-year-t-notes-notes.html#post503445

So my recommendation would be to study purely market generated data....ie VPOC gap VAH VAL ONL ONH VWAP IBH IBL etc

As well as auction levels....

All the best my friend......

Let me know if I can help in your quest for your high probability edge.

Ron

...My calamity is My providence, outwardly it is fire and vengeance, but inwardly it is light and mercy...
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)
Follow me on Twitter Visit my futures io Trade Journal Reply With Quote
The following user says Thank You to Blash for this post:
 
(login for full post details)
  #13 (permalink)
mount vernon, new york
 
 
Posts: 11 since Mar 2016
Thanks: 0 given, 6 received


Blash View Post
I have not tried that system, sorry. For me, I don't use indicators (I used to) that are a derivative of price meaning a formula calculated off OHLC and vol. I tend to just use market generated info. For example my post here and its Excel spreadsheet....

https://futures.io/bonds-interest-rates-trading/36324-zf-5-year-t-notes-notes.html#post503445

So my recommendation would be to study purely market generated data....ie VPOC gap VAH VAL ONL ONH VWAP IBH IBL etc

As well as auction levels....

All the best my friend......

Let me know if I can help in your quest for your high probability edge.

Ron

Ok so i'm reading over this. Give me an example of an execution you would do?
Remember i'm an options guy. What exactly is it that i look for based upon the market generated data?

Reply With Quote
The following user says Thank You to panlover215 for this post:
 
(login for full post details)
  #14 (permalink)
Chicago, IL
 
Experience: None
Platform: NT8,NT7,TWS
Broker: InteractiveBrokers, S5T, IQFeed
Trading: The one I'm creating in the present....Index Futures mini/micro, ZF
 
Blash's Avatar
 
Posts: 2,262 since Nov 2011
Thanks: 7,153 given, 4,394 received


panlover215 View Post
Ok so i'm reading over this. Give me an example of an execution you would do?

Remember i'm an options guy. What exactly is it that i look for based upon the market generated data?


Driving now (at stop light) to pick up the kids from school. Wife gets back today from a business trip and I have to clean up the mess before she returns or I'm dead. lol.... But I will have time tomorrow and on the weekend.

Ron


Sent from my iPhone using Tapatalk

...My calamity is My providence, outwardly it is fire and vengeance, but inwardly it is light and mercy...
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)
Follow me on Twitter Visit my futures io Trade Journal Reply With Quote
 
(login for full post details)
  #15 (permalink)
mount vernon, new york
 
 
Posts: 11 since Mar 2016
Thanks: 0 given, 6 received


Blash View Post
Driving now (at stop light) to pick up the kids from school. Wife gets back today from a business trip and I have to clean up the mess before she returns or I'm dead. lol.... But I will have time tomorrow and on the weekend.

Ron


Sent from my iPhone using Tapatalk

i'm sure you will.....i just hope i understand it.

btw good luck with the cleaning. mine went away for the weekend with her sisters, so i have till sunday to let the mess build up.

Reply With Quote
The following user says Thank You to panlover215 for this post:
 
(login for full post details)
  #16 (permalink)
Chicago, IL
 
Experience: None
Platform: NT8,NT7,TWS
Broker: InteractiveBrokers, S5T, IQFeed
Trading: The one I'm creating in the present....Index Futures mini/micro, ZF
 
Blash's Avatar
 
Posts: 2,262 since Nov 2011
Thanks: 7,153 given, 4,394 received


panlover215 View Post
i'm sure you will.....i just hope i understand it.



btw good luck with the cleaning. mine went away for the weekend with her sisters, so i have till sunday to let the mess build up.


lol... Lucky you

Ron


Sent from my iPhone using Tapatalk

...My calamity is My providence, outwardly it is fire and vengeance, but inwardly it is light and mercy...
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)
Follow me on Twitter Visit my futures io Trade Journal Reply With Quote
 
(login for full post details)
  #17 (permalink)
Montreal, Qc, Canada
 
Experience: Advanced
Platform: NinjaTrader 7
Broker: Interactive Brokers
Trading: ETF
 
Virtuose1's Avatar
 
Posts: 53 since Jun 2011
Thanks: 140 given, 36 received

I'd suggest that the important question should rather be how to protect capital. Stop loss should only be one of the 20+ ways to do so, and in my views, one of the least effective. Better ways would be to use a small portion of your capital in multiple non corrolated systems. According to Kaufmann latest book, and that's likely what I'll do eventually, stop losses should not be used. To answer clearly the question, on average, my systems have stop loss around 3.5%.

Reply With Quote
The following user says Thank You to Virtuose1 for this post:
 
(login for full post details)
  #18 (permalink)
Market Wizard
Point Roberts, WA, USA
 
Experience: Advanced
Platform: IB and free NT
Broker: IB
Trading: ES
 
aquarian1's Avatar
 
Posts: 4,022 since Dec 2010
Thanks: 1,504 given, 2,574 received


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?

I don't think you will find a tried proven tested method in the public domain. Trading isn't like engineering.
Some of the prior post have covered many on the questions you should answer so no point repeating them.

Since you have experience trading options, let's say someone came to you and said:
"I would like a tried proven and tested system for trading options. What is it and what is the the correct win loss aim to aim for"?"

Ron (Blash) gave you a good idea for using options as stops and since you know options using that knowledge for futures is a point of leverage. Then use other things from your past and your personality as inputs in developing a plan. What did you use to do? What did you study? What strategies of other traders appealed to you and what did you like about them? (read Market Wizards for a sampling).

I hope it helps,

..........
peace, love and joy to you
.........
Visit my futures io Trade Journal Reply With Quote
The following 2 users say Thank You to aquarian1 for this post:
 
(login for full post details)
  #19 (permalink)
Merced Ca USA
 
Experience: Intermediate
Platform: TDA
Broker: Datek :)
Trading: Futures
 
shortride's Avatar
 
Posts: 15 since Apr 2013
Thanks: 37 given, 9 received

I trade /es mostly, it trades almost 23/5. All of my entry/exits are based on Fib. retracements. Not that the exact numbers (23.6 for example) work perfectly but at least you are always on the correct side of the trend.

Move, retracement, REretracement is the secret of my success and as far as I am concerned the only thing that works.

“Enter by the narrow gate; for wide is the gate and broad is the way that leads to destruction, and there are many who go in by it. Because narrow is the gate and difficult is the way which leads to life, and there are few who find it.
Reply With Quote


futures io Trading Community Traders Hideout Stocks and ETFs > trading management


Last Updated on March 30, 2016


Upcoming Webinars and Events
 

NinjaTrader Indicator Challenge!

Ongoing
 

Journal Challenge w/$1500 prizes from Topstep!

February
 

Identifying Setups & Targets Using Profile Charts w/Trevor & Tradovate

Feb 25
 

Battlestations! Show us your trading desk - $1,500 in prizes!

March
     



Copyright © 2021 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