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I'm pretty consistently entering trades about 5 minutes too soon or 5 minutes too late and then getting stopped out about 5-15 minutes before the trade would have become profitable. Then I kick myself and either chase price or prevent myself from chasing price and then get gun shy and trade poorly for the rest of the day.
useful perspective and info as always. I day trade the Dow. it's a love hate relationship. Get it right and the wins are big and fast, conversely getting it wrong can be brutal. After a terrific series of trades last week, this week has all but taken back the gains. Every loss is a lesson..
Great idea. I’ve been trying this out on a demo account after realising I kept getting stopped out but most the time I’d got the right direction just usually too early.
Thanks so much! Great experiment idea! It's so important to work this out especially with a small account. You want to be good with your risk management but need to know when you should widen the stop loss depending on conditions
I was constantly getting stopped out in ranging markets. My new and improved strategy is to simply avoid them. Trading ranging markets is a one-way ticket to 90/90/90.
Thanks for another excellent video on trade management! Early on, I used to be very corporal with my stop losses, keeping them super tight. Since I backed off to let them breath a bit, I found my thesis was generally correct but my entry was too early. Please keep these coming!
I used to have 15% stop loss, it works well for each stock. Until the market drops as whole, i lost around 8% in all of my account. Your idea is good, but won't work with volatile market like these days
What I do is position build. Ideally I should and do buy very small positions spread out over the course of a month, weeks or days, and then let it go, once the top or bottom of the range has been mapped out and is ready to take off, when it does. If you buy up or sell up way too large of positions all at once, it is not good. Once I have a beat of the range, i can put in either a stop loss below the support range, or at the height of the resistance range; or as I like to think of them as "supply and demand areas". Once my position has taken off and I am well under way I can move my stop to breakeven and just let the thing go until the trade is ready to exit, usually due to trend reversal; stopped out or manual exit.
Impossible to not get stopped out, but I use a fixed amount every time which I have found through backtesting. Works quite well. A tight stop loss will most of the time not work. Unless you are at a double top/bottom or at extreme highs or lows.
It would help much more to see some actual examples from trades where you were stopped out and then where you weren't, what precentages or offsets. Do you set a hard stop or a trailing stop limit, set the SL when you place the order or after?
Thank you Mark! Could you comment on this weeks market performance relative to last week? Why is this week so difficult to get it right and what are the methods to adjust to this state of the market? I went long and short last several weeks often with perfect accuracy, this week is just a mental exhaustion. Is it sit on the side lines, reduce size, change timeframe for entries? Too much chop this week, even though the direction was clear.
I am watching your videos regularly. I have 2 doubts, 1. I see stocks respects its own supports and resistance levels. but it also obeys broader market i.e Index direction, resulting in Stop loss. 2. How to manage risk reward in trade book level. for example, assume I'm having $50000 and investing $1000 per stock. I am taking a stock valued1000$ X10 qty and 4 diff stock valued $200X50 QTY each. The if big guys loss, it wipes out all profit made by other stock due to volatility/usual big swings . Even percentage level is not helping, since all stock does not fit to same percentage movement. one may move daily 2 percentage, another may move only 1 percentage per day.
Great video again Mark. Can you please make a video on how much capital should we allocate to day trading, swing, positional and long term fundamental strategies ?
That's very subjective; depends on your risk tolerance, what kind of trader you are and whether you are a beginner or seasoned trader..etc At the end of the day you should only commit capital that you are willing to risk (and afford) on actively trading the financial markets.
All these comments about loosing. I put in a stop. use low leverage. 1:1 basis but it has enough room for me to do a mental stop wich is actually 2:1. So if im using 2k. Thats 60k. I will only use 5k lots (0.05) have 50-75 pip s/l. If it shoots further it can be 4:1.
Once you have stop loss expect you will be stopped out even how big your S/L due market's volatility. Apply all strategies if you have then pick up those applicable on all market conditions. For me I prefer to trade like big institutions with the aid of learnt strategies and control emotions . Try it then you will be profitable in the long run.
Marketmakers are picking off the Retail Traders that have jumped into the market. With no sports or casinos to bet in, the markets are the new place to get their dopamine hits. Many professionals don't see the P/E that novices do, even if you just ignore the next few months & focus on 2022 earnings. Smells a lot like 1999, when people were counting clicks on pages instead of profits to justify Internet valuations. 😳
👉 Trade with our Sponsor Broker: Trade Nation www.financial-spread-betting.com/ccount/click.php?id=95 Trade sensibly! 81.7% of retail investors lose money.
👉 We are seeking more contributors who can produce great video educational content about trading for our channel. If you think you have what it takes please get in touch by sending a message to traderATfinancial-spread-betting.com (remove the AT and substitute by @).
👉 It seems a lot of our viewers are non-subscribers. Make sure to subscribe to our youtube channel as we upload regular videos! If you hit the “Bell” icon (🔔) you will receive a notification on youtube every time that we upload a video on our channel. Bell icon hitters are super fans of our channel 🥰
I'm pretty consistently entering trades about 5 minutes too soon or 5 minutes too late and then getting stopped out about 5-15 minutes before the trade would have become profitable. Then I kick myself and either chase price or prevent myself from chasing price and then get gun shy and trade poorly for the rest of the day.
Me too
You need to look at your overall average. As long as the winners make more than the losers, you will be OK.
Practice makes perfect. Mark is an awesome trader and I always take his advice very seriously. It is mega helpful.
Man I love this channel. Frequent uploads, and every video is gold. Thank you for dedicating your time to helping us! 🙏🏻
useful perspective and info as always. I day trade the Dow. it's a love hate relationship. Get it right and the wins are big and fast, conversely getting it wrong can be brutal. After a terrific series of trades last week, this week has all but taken back the gains. Every loss is a lesson..
Dow a bit too volatile for retail traders. Try eurostoxx 50 instead.
Great Idea. Real scenario, small pain, actual feelings.
Great idea. I’ve been trying this out on a demo account after realising I kept getting stopped out but most the time I’d got the right direction just usually too early.
right on time info. stops killed me yesterday
Thank you for your excellent idea. Liked.
Going to try this! Great idea!
thank you so much. very great information
Thanks so much! Great experiment idea! It's so important to work this out especially with a small account. You want to be good with your risk management but need to know when you should widen the stop loss depending on conditions
Excellent advice! Great way to analyze your trade while risking little. Thanks!
What about putting a limit buy where your stop would have been? Anyone ever try this?
Thanks so much for this amazing information
Brilliant advice! I never look at trades after to see what was wrong or why I keep getting it wrong!
I was constantly getting stopped out in ranging markets. My new and improved strategy is to simply avoid them. Trading ranging markets is a one-way ticket to 90/90/90.
Thanks for another excellent video on trade management! Early on, I used to be very corporal with my stop losses, keeping them super tight. Since I backed off to let them breath a bit, I found my thesis was generally correct but my entry was too early. Please keep these coming!
Good stuff. Thank you.
Thank you so much for this, I went from losing every trade yesterday to winning 10% on my first trade doing this today. Process over profit
THANK YOU Mark , i think this can massively help me to improve entry point .
Nice thank you this vid helps a lot I'm definitely having too tight of a stop loss
I used to have 15% stop loss, it works well for each stock. Until the market drops as whole, i lost around 8% in all of my account. Your idea is good, but won't work with volatile market like these days
i recommend stock indices instead of individual stocks. Trading in stocks requires huge SL , equals low RR.
Excellent video, what if you're deliberately using a tight stop loss for a high reward to risk ratio?
What I do is position build. Ideally I should and do buy very small positions spread out over the course of a month, weeks or days, and then let it go, once the top or bottom of the range has been mapped out and is ready to take off, when it does. If you buy up or sell up way too large of positions all at once, it is not good. Once I have a beat of the range, i can put in either a stop loss below the support range, or at the height of the resistance range; or as I like to think of them as "supply and demand areas". Once my position has taken off and I am well under way I can move my stop to breakeven and just let the thing go until the trade is ready to exit, usually due to trend reversal; stopped out or manual exit.
Impossible to not get stopped out, but I use a fixed amount every time which I have found through backtesting. Works quite well. A tight stop loss will most of the time not work. Unless you are at a double top/bottom or at extreme highs or lows.
This is a very good video
It would help much more to see some actual examples from trades where you were stopped out and then where you weren't, what precentages or offsets. Do you set a hard stop or a trailing stop limit, set the SL when you place the order or after?
Great advice! Will definitely use it.
You could do this with a demo account too but I agree its prob better to use real money with a very small lot size so you have skin in the game still.
It's tricky to have consistent personal rules when the market is so erratic.
Much needed, and superb, lesson.
Thank you for this!
Good notification Mark... But what about the risk/reward ratio ? 1:1 could be still profitable on a large number of trade ?
Thank you Mark! Could you comment on this weeks market performance relative to last week? Why is this week so difficult to get it right and what are the methods to adjust to this state of the market? I went long and short last several weeks often with perfect accuracy, this week is just a mental exhaustion. Is it sit on the side lines, reduce size, change timeframe for entries? Too much chop this week, even though the direction was clear.
The Average True Range (ATR) would help solve this problem.
This is the best advice ever
Pure gold this ,
Excellent. Thanks.
I am watching your videos regularly. I have 2 doubts,
1. I see stocks respects its own supports and resistance levels. but it also obeys broader market i.e Index direction, resulting in Stop loss.
2. How to manage risk reward in trade book level. for example, assume I'm having $50000 and investing $1000 per stock. I am taking a stock valued1000$ X10 qty and 4 diff stock valued $200X50 QTY each. The if big guys loss, it wipes out all profit made by other stock due to volatility/usual big swings . Even percentage level is not helping, since all stock does not fit to same percentage movement. one may move daily 2 percentage, another may move only 1 percentage per day.
you are absolutely right
Peace and prosperity
Great advice
Great video again Mark. Can you please make a video on how much capital should we allocate to day trading, swing, positional and long term fundamental strategies ?
That's very subjective; depends on your risk tolerance, what kind of trader you are and whether you are a beginner or seasoned trader..etc At the end of the day you should only commit capital that you are willing to risk (and afford) on actively trading the financial markets.
@@ukspreadbetting Got it...thanks again 😊
Just thanks by this movie i realize my self i try trend trading when market is range.
I always panic sell.....😅
All these comments about loosing. I put in a stop. use low leverage. 1:1 basis but it has enough room for me to do a mental stop wich is actually 2:1. So if im using 2k. Thats 60k. I will only use 5k lots (0.05) have 50-75 pip s/l. If it shoots further it can be 4:1.
wow great strategy.
Gold
Of course the other option is just to look back though your trade log and see what happened after you got stopped out. You DO have a trade log, right?
50 points/pips is a decent stop for day trading in my opinion
Points or pips mate?
Once you have stop loss expect you will be stopped out even how big your S/L due market's volatility. Apply all strategies if you have then pick up those applicable on all market conditions. For me I prefer to trade like big institutions with the aid of learnt strategies and control emotions . Try it then you will be profitable in the long run.
CONTENT: good info
STYLE: endless patter of cheap watch salesman
I got outted 8 times this week 2% every loss so I'm sitting this week out
Me too 😔.. what do you normally trade?
Marketmakers are picking off the Retail Traders that have jumped into the market. With no sports or casinos to bet in, the markets are the new place to get their dopamine hits. Many professionals don't see the P/E that novices do, even if you just ignore the next few months & focus on 2022 earnings. Smells a lot like 1999, when people were counting clicks on pages instead of profits to justify Internet valuations. 😳
@@sirloin8745 I'm semi confused but if I'm correct in what your saying, your basically saying the Forex market ain't for no chump