tag:blogger.com,1999:blog-27784316.post5280438215248557241..comments2023-09-06T03:23:43.027-07:00Comments on I AM A FUTURES TRADER: Chris Johnstonhttp://www.blogger.com/profile/01542415946929766288noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-27784316.post-51720572428759956002012-08-13T18:27:03.584-07:002012-08-13T18:27:03.584-07:00I scratched the trade when it started rallyingI scratched the trade when it started rallyingChris Johnstonhttps://www.blogger.com/profile/01542415946929766288noreply@blogger.comtag:blogger.com,1999:blog-27784316.post-88556619510856192162012-08-13T14:28:57.009-07:002012-08-13T14:28:57.009-07:00he he :P
I set my stops above/below the high/low ...he he :P<br /><br />I set my stops above/below the high/low as well, or below the moving averages. I'm hesitant to short here now with the bonds in a downtrend and magical end of day recoveries in equities.Vikashttps://www.blogger.com/profile/08975404537114085288noreply@blogger.comtag:blogger.com,1999:blog-27784316.post-34275020841193670162012-08-13T10:15:11.833-07:002012-08-13T10:15:11.833-07:00I have to keep some things to myself that way I am...I have to keep some things to myself that way I am worth something!<br /><br />In all seriousness, the Russell trade was a mechanical system trade based on something new I am working on. My feeling on short term trading is that the moves need to go right away or they are no good. As a result I think stops need to be close. This way you lose small when you lose. However, that does not mean intraday stops on minute charts. I keep stops above daily highs and lows most of the time with a few rare exceptions. The Bond System requires more room, hence the wider stops there.<br /><br />You have to tailor the stops to what your method is, it is somewhat of an art and not a science.<br /><br />The trade is not closed out yet so we don't know if it is any good or not yet.Chris Johnstonhttps://www.blogger.com/profile/01542415946929766288noreply@blogger.comtag:blogger.com,1999:blog-27784316.post-2088530807338225912012-08-13T09:45:42.323-07:002012-08-13T09:45:42.323-07:00Nice call on the Russell short :). Question, what ...Nice call on the Russell short :). Question, what is a tight stop for you on such a trade, and how did you determine that stop. Thanks.Vikashttps://www.blogger.com/profile/08975404537114085288noreply@blogger.com