Rookie question about stops - Traders Hideout | futures io social day trading
futures io futures trading


Rookie question about stops
Updated: Views / Replies:1,366 / 3
Created: by dertixo 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
 

Rookie question about stops

  #1 (permalink)
Just starting out...
mi
 
Futures Experience: None
Platform: ninjatrader
Broker/Data: Patsystems
Favorite Futures: es
 
Posts: 9 since Sep 2009
Thanks: 3 given, 1 received

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?
Thanks


Last edited by Big Mike; February 27th, 2010 at 10:03 PM. Reason: moved to new thread
Reply With Quote
 
  #2 (permalink)
Elite Member
Frankfurt
 
Futures Experience: Intermediate
Platform: NinjaTrader
Favorite Futures: FGBL 6E B4
 
max-td's Avatar
 
Posts: 1,754 since Jun 2009
Thanks: 2,309 given, 917 received

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.

-

max-td
Reply With Quote
The following user says Thank You to max-td for this post:
 
  #3 (permalink)
Trading Apprentice
Brentwood, Tennessee
 
Futures Experience: Master
Platform: MetaTrader
Favorite Futures: forex
 
Posts: 39 since Mar 2010
Thanks: 172 given, 25 received


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.

Reply With Quote
The following user says Thank You to CTGUY for this post:
 
  #4 (permalink)
Membership Revoked
wny
 
Futures Experience: Intermediate
Platform: ninja, excel
Favorite Futures: YM, equities
 
darthtrader3.6's Avatar
 
Posts: 86 since Jan 2010
Thanks: 6 given, 46 received

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.

Reply With Quote

Reply



futures io > > > Rookie question about stops

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
Monthly Stops crmtrade EasyLanguage Programming 4 December 5th, 2010 09:29 AM
Stops, trailing and breakeven stops jonc NinjaTrader 4 November 9th, 2010 01:06 AM
Rookie Future Trader Alex's Trading Journal alex123 Elite Trading Journals 69 June 20th, 2010 04:14 AM
Ninjatrader Question: Broker Demo License and Stops DannyG NinjaTrader 4 January 7th, 2010 01:19 PM
Targets + Stops max-td Psychology and Money Management 24 September 14th, 2009 06:41 PM


All times are GMT -4. The time now is 11:16 AM.

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 0.08 seconds with 19 queries on phoenix via your IP 54.227.51.103