Here are today's thoughts in response to several emails from frustrated traders re: point-based stops, as well as some NBA Finals trading parallels.
Subscribe to:
Post Comments (Atom)
About Me
- Don Miller
- Don is an intraday S&P E-Mini Trader and Member of the CME who has educated traders and advocated for industry transparency since 1999. Long-term performance of his privately traded fund ranks among the industry's best at over +800% from its 2004 inception to 2010. His 2008 performance of +214% +$1.6 Million bested the industry's top CTAs.
Feb 2010 MoneyShow Interviews
Feb NY Expo Presentation
Don's 2002-2010 Interviews & Articles
2009 Interview With Matt Davio
2009 Presentation to Linda Raschke's Team
2009 Interview with Tim Bourquin
Don't Let Congress Turn U.S. Markets Into A Ghost Town
Every Moment of Every Day
Click on Chart For What This Means
October 2009 Jellie Article
Subscribe To
Posts
Comments
3 comments:
I heard a great comment in an interview on Bloomberg radio today (in the car of course) with a former pro soccer player and coach. The context of his comment was about over-coaching kids in soccer, and he said "the game is the best coach". Couldn't apply to trading more! Have a nice weekend!
Hi Don,
Do you enter your premise based stop limit or stop market order immediately upon your entry order being filled or do you just make a mental note that you file away for when that premise is no longer valid and then enter the stop order?
In the past I certainly have paid tuition trying to manage risk with point based stops. I am a believer in premise stops but I don't enter the order it until the market is there. I know I sometimes let the loss run a little too far and regret it. It is a matter of discipline, discretion, and flexibility.
Thank you for your thoughts.
Hi Don.
you should make a video on scratching trades too.
Post a Comment