I like 'em tight

wasp · Jan 28, 2009

This old chestnut! Like with most things in life....... The tighter the stop the better.

Larger profits.
Less time biting your nails.
Larger size as smaller stops.

or

........

Well, I can't think of an opposing argument!

counter_violent · Jan 28, 2009

I like to build fat into a trade...very early on...then I chill out and watch everyone else play chase me !fk me !

wasp · Jan 28, 2009

I like to get in there all the way from the first and best opportunity before the chance passes me by then just enjoy the ride!

Directional · Jan 28, 2009

i want it as tight as possible, at the moment its like a wizards sleeve however

MrGecko · Jan 28, 2009

Thus the different between a scalper (in and out for a quick buck) and a position (!) trader is made clear.

If you are packing real size, its tight wherever you go.

shadowninja · Jan 28, 2009

I hear scalpers can only handle one position at a time. We're still talking about trading, right?

MrGecko · Jan 28, 2009

shadowninja said:
I hear scalpers can only handle one position at a time. We're still talking about trading, right?

having said that.. I am interested to hear about this "legging in and out" business...

I mean, a whole Leg?

wasp · Jan 28, 2009

Tight doesn't mean getting in too early though, that's just wrong.... but leave it to long to mature and its a terrible mistake.

N Rothschild · Jan 28, 2009

i like, how they say, bawdeep.

Directional · Jan 28, 2009

well, the spread has something to do with how tight its going to be... if the spread opens up at you like a whale yawning, you know theres going to be a problem

MrGecko · Jan 28, 2009

Arbitrageur said:
well, the spread has something to do with how tight its going to be... if the spread opens up at you like a whale yawning, you know theres going to be a problem

Slippage?

wasp · Jan 28, 2009

MrGecko said:
Slippage?

Only if you are late to the party and too many have got in before you

N Rothschild · Jan 28, 2009

MrGecko · Jan 28, 2009

wasp said:
Only if you are late to the party and too many have got in before you

The smell then.

wasp · Jan 28, 2009

MrGecko said:
The smell then.

for newbies with wide ones, it can be nasty. Get in there fast and its sweet and fresh and very different

MrGecko · Jan 28, 2009

How would you know?

Did you not start the whole thread off with a reference to "old chesnuts"??

What exactly is a chestnut?

wasp · Jan 28, 2009

MrGecko said:
What exactly is a chest-nut?

Not something that can be gone into detail but it ain't pretty!!

MrGecko · Jan 28, 2009

Well, I did my research, and I have to say that all this reminds me of is school.

Rare treats Indeed!

wasp · Jan 28, 2009

3: Urban Dictionary: chestnut

sighthound · Jan 31, 2009

wasp said:
Tight doesn't mean getting in too early though, that's just wrong.... but leave it to long to mature and its a terrible mistake.

Do I take it then that if I have taken up a bullish position too early and find myself in a heavy period where volatility may be high and its all gone bearish and quite messy that its better to withdraw and wait until I can see the situation more clearly.Basically look before you leap

I like 'em tight

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