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Rookie question about stops
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Created: by dertixo Attachments:0

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Rookie question about stops

  #1 (permalink)
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?

Last edited by Big Mike; February 27th, 2010 at 10:03 PM. Reason: moved to new thread
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  #2 (permalink)
Trading Experience: Intermediate
Platform: NinjaTrader
Favorite Futures: FGBL 6E B4
max-td's Avatar
Posts: 1,754 since Jun 2009
Thanks: 2,309 given, 923 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.


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The following user says Thank You to max-td for this post:
  #3 (permalink)
Brentwood, Tennessee
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.

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The following user says Thank You to CTGUY for this post:
  #4 (permalink)
Trading Experience: Intermediate
Platform: ninja, excel
Favorite Futures: YM, equities
darthtrader3.6's Avatar
Posts: 86 since Jan 2010

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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