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06-27-2017, 02:19 PM
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#166
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PA Steward
Join Date: Mar 2001
Location: Del Boca Vista
Posts: 88,176
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Quote:
Originally Posted by incoming
curious...are you using a trailing stop or a manual stop.
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Always set a trailing stop on entry...right now it's around 10 points but it can vary based on volatility...
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06-27-2017, 02:29 PM
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#167
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Registered User
Join Date: Feb 2005
Posts: 1,144
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Quote:
Originally Posted by PaceAdvantage
Always set a trailing stop on entry...right now it's around 10 points but it can vary based on volatility...
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OK...all of my research as shown trailing stops are always more profitable. I use wide % stops and regulate my position sizes well within my risk tolerances.
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06-27-2017, 02:30 PM
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#168
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Veteran
Join Date: May 2016
Posts: 1,831
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actually 10 points in this market is pretty wide. if things got crazy , what would you set it to? 15, 20 .... seems like a lot
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06-27-2017, 02:38 PM
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#169
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Registered User
Join Date: Feb 2005
Posts: 1,144
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Quote:
Originally Posted by AltonKelsey
actually 10 points in this market is pretty wide. if things got crazy , what would you set it to? 15, 20 .... seems like a lot
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I trade fx ...I'm not familiar with indices swings. 3% is my most popular #
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06-27-2017, 02:41 PM
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#170
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PA Steward
Join Date: Mar 2001
Location: Del Boca Vista
Posts: 88,176
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Quote:
Originally Posted by AltonKelsey
actually 10 points in this market is pretty wide. if things got crazy , what would you set it to? 15, 20 .... seems like a lot
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My stop has approached 20 in the past...
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06-27-2017, 02:55 PM
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#171
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Veteran
Join Date: May 2016
Posts: 1,831
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Quote:
Originally Posted by incoming
I trade fx ...I'm not familiar with indices swings. 3% is my most popular #
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and with fx leverage, what % of the account would that be?
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06-27-2017, 03:09 PM
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#172
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Registered User
Join Date: Feb 2005
Posts: 1,144
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Quote:
Originally Posted by AltonKelsey
and with fx leverage, what % of the account would that be?
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I use Kelly...1/4 to full, depending on situation.
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06-27-2017, 05:46 PM
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#173
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Registered User
Join Date: Jan 2015
Posts: 1,951
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The top must be in....
Yellen: Banks 'very much stronger'; another financial crisis not likely 'in our lifetime'
http://www.cnbc.com/2017/06/27/yelle...-lifetime.html
Quote:
Yellen added that the Fed learned lessons from the financial crisis and is being more vigilant to find risks to the system.
"I think the system is much safer and much sounder," she said. "We are doing a lot more to try to look for financial stability risks that may not be immediately apparent but to look in corners of the financial system that are not subject to regulation, outside those areas in order to try to detect threats to financial stability that may be emerging."
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Grandma is channeling her inner Irving Fisher, and apparently is not very good at math or history. I read this, and laughed.
Now I'm going to go hide under my bed....
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06-28-2017, 10:05 PM
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#174
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Veteran
Join Date: Jun 2002
Location: near Philadelphia
Posts: 4,560
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Quote:
Originally Posted by Parkview_Pirate
Yellen: Banks 'very much stronger'; another financial crisis not likely 'in our lifetime'
http://www.cnbc.com/2017/06/27/yelle...-lifetime.html
Grandma is channeling her inner Irving Fisher, and apparently is not very good at math or history. I read this, and laughed.
Now I'm going to go hide under my bed....
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The risks to this booming and expected stock market rally and the very profitable major banks are... Janet Yellen and the Federal Reserve.
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06-29-2017, 07:23 AM
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#175
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Veteran
Join Date: Dec 2016
Posts: 248
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Quote:
Originally Posted by reckless
The risks to this booming and expected stock market rally and the very profitable major banks are... Janet Yellen and the Federal Reserve.
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nothing wrong with raising dividend and adding buybacks with plenty of capital on the balance sheets.add in less regulation under trump and just maybe we could get back to 3% growth without the noose around the banks neck.
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06-29-2017, 09:36 AM
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#176
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PA Steward
Join Date: Mar 2001
Location: Del Boca Vista
Posts: 88,176
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Long @ 2436.50 stop @ 2426
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06-29-2017, 10:05 AM
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#177
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PA Steward
Join Date: Mar 2001
Location: Del Boca Vista
Posts: 88,176
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Looks like this trade is going to be a stinker too...stop @ 2426.50
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06-29-2017, 10:16 AM
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#178
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PA Steward
Join Date: Mar 2001
Location: Del Boca Vista
Posts: 88,176
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A quick and brutal death...lost 10 points...long is not the place to be right now it looks...
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06-29-2017, 10:21 AM
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#179
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PA Steward
Join Date: Mar 2001
Location: Del Boca Vista
Posts: 88,176
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Of course, now that I've been stopped out, the market will turn around and go back up...
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06-29-2017, 10:22 AM
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#180
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tmrpots
Join Date: Jun 2008
Posts: 2,285
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Quote:
Originally Posted by PaceAdvantage
A quick and brutal death...lost 10 points...long is not the place to be right now it looks...
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Was fortunate enough to be long GS and C overnight for a quick windfall. I'm also short bonds, but what tech stocks I have left are of course getting crushed.
Bought QQQ puts for a partial hedge. Tech is bringing everything down. Not the place to be I'm afraid.
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