Do you get stopped out too often? - Traders Hideout | futures io social day trading
futures io futures trading


Do you get stopped out too often?
Updated: Views / Replies:3,843 / 25
Created: by aligator Attachments:1

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
 1  
 
Thread Tools Search this Thread
 

Do you get stopped out too often?

  #21 (permalink)
Elite Member
Aurora, Il USA
 
Futures Experience: Advanced
Platform: TradeStation
Favorite Futures: futures
 
kbit's Avatar
 
Posts: 5,872 since Nov 2010
Thanks: 3,301 given, 3,332 received


Silvester17 View Post
don't want to get into a debate. this is just how I see it and how I do it.

- entry, exit: by far the most important and most crucial aspect.

- trade management: if entries and exits are good, then automatically trade management is good too. so for me, not important. if you buy the top, no trade management will help you to make it a profitable trade. you might not lose that much. but to be honest that's not my goal. my goal is to make money.

- money management: not really important, because for me this is common sense.

- psychology: nothing but an excuse. I put it in the same category like money. if you don't have the money for trading, then you shouldn't be trading. same for your mental state. if you can't handle the stress, don't trade.

but don't worry, at least 95% here will not agree with me. which is fine.

"at least 95% here will not agree with me."
I think you underestimate your futures.io (formerly BMT) brothers and sisters....I'm sure many would agree with what you are saying (including me).

Reply With Quote
The following 2 users say Thank You to kbit for this post:
 
  #22 (permalink)
Elite Member
Milan Italy
 
Futures Experience: Intermediate
Platform: Ninjatrader, Sierra Chart
Favorite Futures: ES
 
Posts: 523 since Feb 2010
Thanks: 470 given, 629 received


kbit View Post
I like to identify those "obvious levels" and enter trades just beyond them right after everyone else got stopped....as an example about 20 ticks beyond the pivots on the TF....conditions permitting of course

A valid approach, but of course you miss all the trades where the 'obvious levels' actually held.

Reply With Quote
 
  #23 (permalink)
Elite Member
Williamsburg, VA
 
Futures Experience: Intermediate
Platform: ThinkorSwim
Favorite Futures: Stocks
 
worldwary's Avatar
 
Posts: 523 since Mar 2010
Thanks: 259 given, 788 received


I agree with Big Mike that position size is key here. If you're trading too large a position for comfort, you need the stop to be so close to the current action that it tends to get taken out during random noise.

Try dropping down to half size or less (this may mean trading ETFs like SPY rather than futures) and see how it feels to give trades more room to develop.

-----------------------------------------------------

"If you must forecast, forecast often."

-- Edgar Fiedler
Reply With Quote
The following user says Thank You to worldwary for this post:
 
  #24 (permalink)
Atlas
Bloomington
 
Futures Experience: Beginner
Platform: NinjaTrader
Broker/Data: Interactive Brokers
Favorite Futures: Stocks
 
ShruggedAtlas's Avatar
 
Posts: 191 since Apr 2011
Thanks: 78 given, 74 received


aligator View Post
That is true when placing the trade. But then anyone can certainly make it a 100% loosing trade. Sad to say not everyone can make it a 100% winning trade. So, 50/50 applies only to before we push the trade button.

I'm sorry to have to disagree, every trade is not a 50/50 proposition. If this were true then you would have to agree that every setup is irrelevant to the statistical likelihood of success or failure; that the setup phase of a trade provides no edge whatsoever. This simply is not true. Traders have performed studies to show that various patterns and approaches provide varying degrees of statistical likelihood for success/failure with certain contexts such as as time frame etc. To prove this I challenge each and every trader reading this to throw out your setups. On the next trading day skip the "setup" phase of of the trade and just toss a coin as criterion for long or short position and use your trade management approach exclusively to negotiate your way out of your trade. Puts a knot in your stomach I'll bet. You can't and won't do it.

I agree with mikes approach, calculate ahead of time (before entry) where price needs to be to confirm that your assumptions about prices future direction were wrong and protect you from a catastrophic event. BUT make sure that your leverage isn't so big that you are effected psychologically by the loss. Every trader has different criterion about what is catastrophic, and about what point they are wrong on the trade, therefore every stop is unique to the trader and the trade. That is the best approach in my opinion.

"I've missed more than 9,000 shots in my career. I've lost almost 300 games. 26 times, I've been trusted to take the game-winning shot and missed. I've failed over and over and over again in my life. And that is why I succeed."
- Michael Jordan, 5-Time NBA Most Valuable Player, 6-Time NBA Champion
Reply With Quote
 
  #25 (permalink)
Atlas
Bloomington
 
Futures Experience: Beginner
Platform: NinjaTrader
Broker/Data: Interactive Brokers
Favorite Futures: Stocks
 
ShruggedAtlas's Avatar
 
Posts: 191 since Apr 2011
Thanks: 78 given, 74 received


aligator View Post
That is true when placing the trade. But then anyone can certainly make it a 100% loosing trade. Sad to say not everyone can make it a 100% winning trade. So, 50/50 applies only to before we push the trade button.


trendisyourfriend View Post
He also said that every trade is a 50/50 proposition.

Sorry I used the wrong quote for my previous response :-)

"I've missed more than 9,000 shots in my career. I've lost almost 300 games. 26 times, I've been trusted to take the game-winning shot and missed. I've failed over and over and over again in my life. And that is why I succeed."
- Michael Jordan, 5-Time NBA Most Valuable Player, 6-Time NBA Champion
Reply With Quote
 
  #26 (permalink)
Trading Apprentice
Las Vegas
 
Futures Experience: Intermediate
Platform: Ninja
Broker/Data: AMP/CQG
Favorite Futures: Drums...ZN, 6E, TF, CL
 
MoneyHor's Avatar
 
Posts: 23 since Nov 2011
Thanks: 0 given, 12 received

I've been to enough trading seminars and the one consistent from pro traders is "you're always half in and half out". Meaning scaling in and out is key. If your normal position size is 2 contracts then enter with 1 contract using a bigger stop, wait for more confirmation in your trade direction before entering the second contract using a bit of a tighter stop. Exit trades in the same way, scale out of 1 then the 2nd determined by your strat, indicators, etc.

Reply With Quote
The following 3 users say Thank You to MoneyHor for this post:

Reply



futures io > > > Do you get stopped out too often?

Thread Tools Search this Thread
Search this Thread:

Advanced Search



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

Jigsaw Trading: TBA

Elite only

FuturesTrader71: TBA

Elite only

NinjaTrader: TBA

Jan 18

RandBots: TBA

Jan 23

GFF Brokers & CME Group: Futures & Bitcoin

Elite only

Adam Grimes: TBA

Elite only

Ran Aroussi: TBA

Elite only
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
jteconnews stopped working meyer99 NinjaTrader 128 May 31st, 2017 02:17 AM
Debt Slavery Ė Why It Destroyed Rome, Why It Will Destroy Us Unless Itís Stopped Quick Summary News and Current Events 2 December 4th, 2011 07:01 PM
On the update to the site from 15Jul2011... are subscription notifications stopped? forrestang Tech Support 2 July 16th, 2011 04:18 PM
Indicators stopped working PamH NinjaTrader 2 March 31st, 2011 04:30 PM
Re enter BE+1 2nd trade after it is stopped emini_Holy_Grail Psychology and Money Management 11 February 19th, 2011 10:33 PM


All times are GMT -4. The time now is 06:48 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 2017-12-13 in 0.10 seconds with 20 queries on phoenix via your IP 54.90.92.204