What % stop loss do you use?

[Bobby]

Sure Bob,

Just trying to promote some courtesy. Bris's post are good enough to stand on their own merit. No need to disparage everyone else.

Yes I do agree with your thoughts, Bris
is saying just what he feels is truth.

Lets look between the lines of whats what at this stage.

Regards Bob.

 

[constable]

stops should never be based on %age of portfolio . thats insane , volatilty of underlying , time frame , risk/reward , size of position etc etc have to be taken into account . its simple but not that simple . discretionary dynamic thought process required . seriously very few of you here are going to make it following the advice put forward on any of these stock forums . good profitable traders in the main really dont spend time on these forums flexing imaginary egos . i can think of a 1000 cliches here . dont confuse genius with a bull market comes to mind easily .


.................. bris

I imagine that the many good traders started out as new guys like me. I have taken so much out of this forum, from learning from others traders experiances, to being alerted to great running stocks , to new programs, to just being able to bounce ideas. Now while I dont purely follow advice given in the forum, (and im sure no one takes it as gospel ) it does give me something to compare my own learnings and experiance to. And of course its a great to be able to share with other people - something Brisvegas seems a little to important to do - Well done anyway sounds like your a good profitable trader thats great, but do you really feel that strongly about your point that to get it across you have to rubbish everyone else! Dont you feel important enough Brivegas or weren't you loved as a child ? Im confused!

 

[nizar]

Well done anyway sounds like your a good profitable trader thats great,

He THINKS he is. You can tell from his arrogance.
He hasnt PROVEN it the way that Stevo and Tech have, through trading LIVE.

 

[borat]

pick up a copy of Guppy's " Share Trading " around $35

Will look into in coyotte, cheers... tis a consfusing topic to a beginner but after a few weeks it'll be clear...

 

[borat]

Just want say thanks to you all! This thread has been a great resource and start to a sound investing philosophy...

Despite the difference of opinion between some of the members I respect all your advice equally, opinions kindly offered and I agree with most of you that nothing is to be taken as gospel. It's totally up to me to understand the methods and practices used then find what works for myself, anything else would be foolish.

Im finding this forum, community a great resource for learning and expanding my knowledge and it'll help me on my way to becoming a better trader if I use the information properly...

 

[stevo]

bris
"dont confuse genius with a bull market comes to mind easily ."

Yes - always in the back of my mind. But let us take what the market gives! A surprising number of people struggle even in a bull market. I believe this is due to a lack of a reasonable strategy and overconfidence in their own natural ability.

In terms of exits, and I am sure it has already been said above somewhere, I base my position size based on where the exits are set. So if I am trading with $100,000 and I only "want" to lose around $1000 on any one trade I will use the exit point to determine the position size. If the close is below the exit point then I will lose around $1000, depending on what price I get out the next day. Obviously if the exit moves up I am likely to get out with less loss than $1000.

Stevo

 

[wayneL]

Re forums and trading knowlege.

I have picked up probably 75% of what I have learned about trading, either directly or indirectly, from forums like ASF.

You find out about things by reading books etc, but you can "learn" a hell of a lot more by discussing.

Even those of us who post up tutorials learn new things in the process... teachers are learners.

Trading is unique in that the sharing of knowledge does not cost you business as it does in normal business (with the exception of some arb strategies). My apprentice won't steal my customers.

The comment that good traders don't go to forums is BS too. While not all good traders post on forums, there are some sages who do.

Of course discretion is required, not all is as it may seem, but isn't it that way with life?

Cheers

 

[noobs]

Brisvegas's comments suggest that he has spent too much time on hot copper!

The ASF share forum is a fantastic opportunity for traders of any level of experience too interact and share knowledge and experiences. I for one have a much better trading system through reading the threads on ASF and I haven't found anything that comes even close to the depth of GOOD information that can be found here.

I do however feel that there are more and more individuals basing there trading decisions solely on forum advice which in my opinion is one of the worst things you can do. I personally use forums only for hints and tips and to confirm a predecided trading decision based on fundamental research and I encourage all other noobies to do the same.

A big heads up thankyou to all the experienced traders who share their wealth of knowledge on ASF (You know who you are)

Lastly I really don't understand his comments "experienced traders don't use forums to flex their imaginary ego's" I mean really have you even read many of the posts on ASF I for one believe this is a load of s^%t. One of the few forums that if this occurs you typically get shot down in flames!

 

[Pager]

I day trade futures, my risk is 1.5% of the account on any 1 trade, I trade several different systems and 7 markets, sometimes I may get 2 signals on 1 market so my risk can go up to 3%.

I trade different time zones and markets so my money is at work 24 hours a day, sometimes trades are overlapping as 1 exchange is near the close and another is just opening so on a few occasions I have had up 9% of my account technically at risk, although if im in a market late in the session in generally means its doing well.

I would imagine if you don’t trade leveraged products like futures or CFD,s the percentage risked could be higher, around 5% maybe.

Cheers

Pager

 

[tech/a]

Thought Id post up some practical stuff to follow and discuss.
In a few weeks we should have something worthwhile to look back on and hopefully will be a help to those who maybe struggling with the practical application of the principals of Stops and R/R ratio's.

I am not trading any of the examples posted. education ONLY.
Its my intention NOT to close ALL trades at the onetime rather allow trades with wider stops to "Perhaps" run longer price action will be the dictator in all examples.

Ive started with 2 positions and will add when I have time.
You'll note that you can buy more shares with less risk so even with minimum risk we can buy around 3-4 shares with our 10K with Fixed Fractional position sizing.You'll also note that you can alter the parcel sizing by altering the % risked---different figures if you use 3 or 4%.

There becomes an issue when trading with small capital bases as to how to balance maximum number of shares V risk you take on purchase. This is where most go wrong taking to many shares relative to their risk.

I hope this exercise will explain a lot to those who take the time to understand many underlying factors other than the stop itself.

 

[It's Snake Pliskin]

stops should never be based on %age of portfolio . thats insane , volatilty of underlying , time frame , risk/reward , size of position etc etc have to be taken into account . its simple but not that simple . discretionary dynamic thought process required . seriously very few of you here are going to make it following the advice put forward on any of these stock forums . good profitable traders in the main really dont spend time on these forums flexing imaginary egos . i can think of a 1000 cliches here . dont confuse genius with a bull market comes to mind easily .
.................. bris

Hi Bris,

I do agree to some extent regarding your comment highlighted in red above. Never, well, that I`m sure is debatable - as you can see many do do it. Insane? I tend to think foolish without any other reasoned method.

I don't agree with your comments about the forum though.

very few of you here are going to make it following the advice put forward on any of these stock forums .

Anything on this forum is legally not advice, thus rendering your comment useless.

good profitable traders in the main really dont spend time on these forums flexing imaginary egos

This shows some degree of arrogance and ignorance. It is impossible to KNOW what all would do. Your comment implies what is not known.

Snake :bounce:

 

[Bronte]

Re forums and trading knowlege.
I have picked up probably 75% of what I have learned about trading, either directly or indirectly, from forums like ASF.

Aren't you putting yourself on a pedestal wayneL?

 

[wayneL]

Aren't you putting yourself on a pedestal wayneL?

No

I never said it was substantial or good knowledge, just what I know.

I'll let others make that judgement.

Nice try Battman, but no cigar

 

[tech/a]

WHAT!!!!!!!!!!!!!!!
How the F^*CK is he doing that.

Talk about pedestals----coming from the Original Tri-pod.

IDIOTS is the right word---they just keep rising to greater levels.

Notice the added value to the forum!!!!! Just small minded people out cutting down who "They " percieve as tall poppies.

SAD.

Anyone interested in Post #30 if not I'll not waste my time GURU's dont come cheap!!

 

[chops_a_must]

Anyone interested in Post #30 if not I'll not waste my time GURU's dont come cheap!!

I am. I'm just not experienced enough to make a comment.

But is it a variation of Van Tharp's method?

 

[It's Snake Pliskin]

Tech,

Thought Id post up some practical stuff to follow and discuss.

Appreciated.

There becomes an issue when trading with small capital bases as to how to balance maximum number of shares V risk you take on purchase. This is where most go wrong taking to many shares relative to their risk.

Yes, good point.

Snake

 

[nizar]

Anyone interested in Post #30 if not I'll not waste my time GURU's dont come cheap!!

Yes i am very much interested.

 

[wayneL]

Hehe!
You have never shown ASF anything wayneL
No live trading, no property, no house, no car etc

Dear Battman,

Again, I'll let others decide if what I post is useful.

But a perusal of these boards will show that I am quite willing to share whatever knowledge I may have, freely.

Like brisvegas, the irony in what you have posted here is nothing short of breathtaking. In fact you have rather cleverly (not) hoisted yourself by your own petard. LOLOL

Advise: If you wish to attack someone, it should be from a position of strength, rather than utterly hypocritical weakness.

Cheers

<edit> the above post from Bronte was apparently deleted

 

[It's Snake Pliskin]

Dear Battman,

Again, I'll let others decide if what I post is useful.

But a perusal of these boards will show that I am quite willing to share whatever knowledge I may have, freely.

Like brisvegas, the irony in what you have posted here is nothing short of breathtaking. In fact you have rather cleverly (not) hoisted yourself by your own petard. LOLOL

Advise: If you wish to attack someone, it should be from a position of strength, rather than utterly hypocritical weakness.

Cheers

<edit> the above post from Bronte was apparently deleted

This WayneL vs Bronte, Bronte, Battman vs WayneL thing is boringggggggggggggggg!

Please stop tainting threads. No offence to either of you but it is booooooringgggggggggggggg

 

[Freeballinginawetsuit]

I'm a Wayne supportor , his experience and doomsday warnings/bearish yada would be enough to tempt many on ASF to stay out of the market at the most opportunistic times .

Billygoat bay was nice at Leeman today Wayno, cruised up for the weekend and took my young bloke for a blat on his new quad. Hope you got down the beach for a walk with youre dogs at Gero, nice beach morning today up youre neck of the woods.