ASK ME ANYTHING: Hoping to Help!

This is a discussion on ASK ME ANYTHING: Hoping to Help! within the First Steps forums, part of the Reception category; Your views on stop losses, hard exit and take it on the chin (V) no stop loss in the belief ...

Reply
 
LinkBack Thread Tools Search this Thread
Old Oct 13, 2016, 3:59pm   #16
 
Dinos's Avatar
Joined Nov 2003
Your views on stop losses, hard exit and take it on the chin (V) no stop loss in the belief you are correct in your analysis and average up or down depending on your position.
Dinos is offline   Reply With Quote
Old Oct 13, 2016, 4:02pm   #17
Joined Feb 2002
Quote:
Originally Posted by piphoe View Post
entry's are always wrong, who can precision-laser buying to the tick??

Brilliant insight, more than balances the fatal concentration on entry signals, levels and patterns.
tomorton is offline   Reply With Quote
Old Oct 13, 2016, 4:09pm   #18
 
Mr. Charts's Avatar
Joined Sep 2001
The more experienced and better you are
and the more you choose clearly moving stocks
and the more you use price action rather than "I will buy/short at a certain level"
and the more you minimise TA indicators like moving average cross overs,
the more accurate you get till you reach a state where you can SOMETIMES be spot on to the cent for your entries - and SOMETIMES your exits.
All in my humble opinion and experience.
__________________
Mr. Charts
Full time US Share Trader
Follow me on Twitter twitter.com/MrChartsJoyson

Contributor to T2W's Trading FAQ Book
http://www.trade2win.com/books/trading-faqs

T2W interview

http://www.trade2win.com/knowledge/a...ichard-joyson/
Mr. Charts is offline Coach/Trainer   Reply With Quote
Thanks! The following members like this post: tomorton
Old Oct 13, 2016, 4:13pm   #19
Joined May 2016
What has made you a successful trader (assuming that you are successful)?

What is your trading style (scalper, position, swing)?

What analysis are your strategies based on (fundamentals, technical, chart patterns, price action)?

Are you a manual trader, an algo trader, a quant trader, discretionary, system, maybe a combination of some of these?

Do you trade on instinct or a strict set of rules or a combination?

What are your favourite or most reliable sources of information?

What are your worst or most laughable sources of information?

How long did it take you to find the path to being profitable, did you learn some (hard) lessons along the way and what were those lessons?

How many strategies did you try before settling on something that provided consistent profits?

Do you trade Forex, Stocks, Indices, ETF/ETN's or a combination?

Do you diversify or do you stick to favourite instruments?

Do you trade proprietary strategies or strategies that are in the public domain?

Do you think the markets have changed during your trading career and in what way, how long is your trading career?

Have you adapted your trading style to changing market conditions, have you recognised if/when markets change?

Do you trade all market conditions, in what conditions do you make the most losses?

What is your equity curve like and what are your max drawdowns, what has been your longest losing streak and did you change anything during those periods or just stick with what you were doing?

A bit of a list, but thanks

Last edited by Signalcalc; Oct 13, 2016 at 6:31pm.
Signalcalc is offline   Reply With Quote
Old Oct 13, 2016, 4:38pm   #20
 
itspossible's Avatar
Joined Sep 2014
Quote:
Originally Posted by piphoe View Post
you are saying take the stop and buy again lower (assuming the bullish position)?

entry's are always wrong, who can precision-laser buying to the tick?? if anyone could they wouln't need a stop which means i will be wrong this amount.
yes take the stop.without stops-you are then out of control-at least with stops you are forced out of wrong trades.
i agree you cant time perfect and you leave a little wiggle room hence the stop.
__________________
Quote:
Originally Posted by piphoe View Post
i'm lying for the attention
Quote:
Originally Posted by piphoe View Post
reloading another "K" next week.
Quote:
Originally Posted by piphoe View Post
you don't really have an orange juice position do you?
itspossible is offline   Reply With Quote
Old Oct 13, 2016, 5:12pm   #21
 
dbphoenix's Avatar
Joined Aug 2003
Quote:
Originally Posted by tomorton View Post
Brilliant insight, more than balances the fatal concentration on entry signals, levels and patterns.
There's nothing particularly fatal about entry signals etc. If one has no entry signal, he's just guessing. What is fatal is having no means of determining whether or not one was right in entering where he did. Entering on the bottommost or topmost tick is unnecessary. What is more important is getting the direction right, along with the above.
__________________
Trading Price
The Wyckoff Method
dbphoenix is offline Training literature vendor (e.g courses / spreadbetting guides / eBooks)   Reply With Quote
Old Oct 13, 2016, 5:21pm   #22
Joined Feb 2002
Quote:
Originally Posted by dbphoenix View Post
There's nothing particularly fatal about entry signals etc. If one has no entry signal, he's just guessing. What is fatal is having no means of determining whether or not one was right in entering where he did. Entering on the bottommost or topmost tick is unnecessary. What is more important is getting the direction right, along with the above.

No, entry signals with the direction of price movement aren't fatal and they are necessary. But they only confirm the trader's edge, they aren't themselves the edge.

But overwhelming concentration on entry signals is just too common and leads to them being over-valued by addition of duplicating TA evidence (indicators). This elevates them way beyond trend and price momentum, and that is inevitably fatal to an account.
tomorton is offline   Reply With Quote
Old Oct 13, 2016, 6:55pm   #23
 
piphoe's Avatar
Joined Oct 2015
the problem is these smart algos, they see your stops, they learn

they learn...

i can't acct for how many times i placed a trgt, a very reasonable trgt...only to have the algos stop me one tick before my fill! and revere it on me!
__________________
I said, ‘Mr Stupid, why risk everything on one trade? Why not make your life a pursuit of happiness rather than pain?’
Paul Tudor Jones
piphoe is offline   Reply With Quote
Old Oct 13, 2016, 7:02pm   #24
 
piphoe's Avatar
Joined Oct 2015
the bottom line is ..they can see your stops and your limit orders

i've placed too may trades to know that isn't true...

i place trades see it go 2-3 ticks against me instantly...it wasn't like anyone had to think about it what about that?

it was instantly

it was definitely an algo responding to my trade...and it was fading me automatically..or autoaxiomattilay..as you will

it was trying to stop me, moving up one level at a time, testing me

its bs, imo
__________________
I said, ‘Mr Stupid, why risk everything on one trade? Why not make your life a pursuit of happiness rather than pain?’
Paul Tudor Jones

Last edited by piphoe; Oct 13, 2016 at 7:22pm.
piphoe is offline   Reply With Quote
Thanks! The following members like this post: darktone
Old Oct 13, 2016, 8:05pm   #25
The Staff are paid members that perform various roles such as editorial, advertising, support or technical work.
 
timsk's Avatar
Joined Mar 2002
Quote:
Originally Posted by piphoe View Post
. . .its bs, imo
Aye Pip - you're not wrong there!
__________________
I'm New To T2W - Where Do I Start? - a must read for anyone new to T2W
I'm New To TRADING – Where Do I Start? - a must read for anyone new to TRADING
The Trading Plan Template - a must read for anyone without a proper TRADING PLAN
Please note: I am part of T2W Admin' Staff - I am NOT a Moderator!
timsk is offline   Reply With Quote
Old Oct 13, 2016, 8:20pm   #26
 
dbphoenix's Avatar
Joined Aug 2003
Quote:
Originally Posted by timsk View Post
Aye Pip - you're not wrong there!
Actually, it's an illusion.
__________________
Trading Price
The Wyckoff Method
dbphoenix is offline Training literature vendor (e.g courses / spreadbetting guides / eBooks)   Reply With Quote
Thanks! The following members like this post: timsk
Old Oct 13, 2016, 8:42pm   #27
Joined Feb 2002
Quote:
Originally Posted by piphoe View Post
the bottom line is ..they can see your stops and your limit orders

i've placed too may trades to know that isn't true...

i place trades see it go 2-3 ticks against me instantly...it wasn't like anyone had to think about it what about that?

it was instantly

it was definitely an algo responding to my trade...and it was fading me automatically..or autoaxiomattilay..as you will

it was trying to stop me, moving up one level at a time, testing me

its bs, imo

Bound to happen, surely?
tomorton is offline   Reply With Quote
Thanks! The following members like this post: Oscar Reed
Old Oct 13, 2016, 9:03pm   #28
 
piphoe's Avatar
Joined Oct 2015
Quote:
Originally Posted by tomorton View Post
Bound to happen, surely?
no not bound to happen but happens almost always...place trade and immediately trys to take you out by 2 or 3 ticks...just runs next level then waits. i don't take that bait, takes it up next level trying screw me out of another tick.

i've see it too many times to be a coincidence. or whatever..real phenomenon aqnd its algo's
__________________
I said, ‘Mr Stupid, why risk everything on one trade? Why not make your life a pursuit of happiness rather than pain?’
Paul Tudor Jones
piphoe is offline   Reply With Quote
Old Oct 13, 2016, 9:03pm   #29
 
Oscar Reed's Avatar
Joined May 2015
The thread with more questions than answers.
Oscar Reed is offline   Reply With Quote
Old Oct 13, 2016, 9:09pm   #30
Joined Jul 2008
I'll answer these for you.

Yes
No
Maybe
Depends
forker is offline   Reply With Quote
Reply

Thread Tools Search this Thread
Search this Thread:

Advanced Search

Similar Threads
Thread Thread Starter Forum Replies Last Post
new member hoping to start trading soon! djbenny1 First Steps 17 Nov 14, 2013 5:12pm
I come from China, hoping to encounter people who will be Chinese eurgbpusdsir General Trading Chat 44 Sep 14, 2011 8:21pm
Hoping for more help and advice... gododdin First Steps 9 Mar 16, 2008 7:13pm
Are you hoping your children will be traders? JumpOff Home Trader 34 Sep 6, 2005 12:11am
Yet another Newbie hoping for knowledge Zero Cool First Steps 5 Dec 11, 2002 12:47pm

Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)