General Trading Chat

[vikas2131]

The crux of the problem trading NF looking at SPX - Where do you put NF stop losses based on SPX levels?

i am a swing trader so stop losses are more wider if there is any and normally i dnt have one...

 

[cinderblock]

i am a swing trader so stop losses are more wider if there is any and normally i dnt have one...

If you don't have stop losses you are an investor - not a trader

Unless you trade options - in which case it has an in-built SL.

 

[vikas2131]

If you don't have stop losses you are an investor - not a trader

hahahha....yes investor for few days in one stock and then to another

 

[arsh22g]

The crux of the problem trading NF looking at SPX - Where do you put NF stop losses based on SPX levels?

Second week now doing that. I have observed NF whipsaws are less than 30 points for SPX play to work out, accordingly I put my initial SL ~30 point away from the entry. I trail it then once the move is in my favor by a substantial width. Also, if the play doesn't work out in 15-20 mins (max 30), I find a good price to just move out and wait for another opportunity.

 

[wisp]

Looks like market waiting for judgment at 1.30 to decide where to go

 

[wisp]

Second week now doing that. I have observed NF whipsaws are less than 30 points for SPX play to work out, accordingly I put my initial SL ~30 point away from the entry. I trail it then once the move is in my favor by a substantial width. Also, if the play doesn't work out in 15-20 mins (max 30), I find a good price to just move out and wait for another opportunity.

Often markets diverge, sometimes they follow each other, sometimes A leads B and at other times B leads A, some times they go their separate ways, so not sure about trading looking at another chart...anyway...thats my view based on my limited experience. Seniors, please share your views.

 

[rahulmalik]

Looks like market waiting for judgment at 1.30 to decide where to go

Europe is usually the bad guy

 

[snp1]

ST Sir,

Loss aversion or unable to accept the loss making me missing few Good trades,
literally 3-4 in last 10 days. capital, method no issue, as my 1st month of live trading. (took 3 trades in between 1 good profit/ 1 small loss/1 small profit) wud i be overcome this situation? as after setup i go into wait n watch mode and misses the good entry.

 

[rahulmalik]

Updated -

IMO - NF break out above 7495. Just resisted 7530. Lets see how this pans out !

 

[wisp]