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Rookie question about stops
Started:February 27th, 2010 (08:54 PM) by dertixo Views / Replies:1,103 / 3
Last Reply:March 11th, 2010 (11:56 PM) Attachments:0

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Rookie question about stops

Old February 27th, 2010, 08:54 PM   #1 (permalink)
Just starting out...
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Rookie question about stops

new to trading futures and only paper trading for now but was wondering when you set a stop is it like the equities market where the market makers can see the stops? I guess my real question is do you set an actual stop or just mental stops?

Last edited by Big Mike; February 27th, 2010 at 09:03 PM. Reason: moved to new thread
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Old March 1st, 2010, 03:22 AM   #2 (permalink)
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hi dertixo,
i recommend to have always a real hard stops in the market - at least a desaster-stop a bit farer away.
futures can run very fast and it can be very expensive if you dont get out at the value you choosed in your risk-calculation.
its an electronic market in the futures - so its fair orderflow here.


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Old March 10th, 2010, 09:49 AM   #3 (permalink)
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You should always have stops in place in case you have problems with your computer and it crashes (or anyone of many problems that can occur) and takes several minutes to restart. It may seem tedious to do but after doing it a while, it comes second nature.

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Old March 11th, 2010, 11:56 PM   #4 (permalink)
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Everyone can see what is sitting on the order book.
You could always try having a hard stop slightly wider than what your mental stop is.

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