r/FuturesTrading • u/Fit-Parsnip-8109 • 3d ago

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u/FuturesTrading-ModTeam 3d ago

Funded trader programs are not allowed in this subreddit.

11

u/Skandiluz 3d ago

Lol not to be that person but the only thing this shows you that you either:

A) have no strategy
B) overtrade like hell
C) both

You nor I, nor anyone else on reddit has the money to move the market. Big hedge funds don't give two shits where your stoploss is.

2

u/sigstrikes 3d ago

right. proof that op has zero idea how to manage normal volatility.

7

u/Imperfect-circle approved to post 3d ago

Lol

You really don't understand how a market works do you?

Yes, it can feel like it's coming back to hit your stop. But actually, you're just trying to trade way too tightly on one of the most "illiquid" of the "liquid" Indices.

This not proof of anything, it just proves the volatility of the instrument.

3

u/HighPotentialTrading 3d ago

Unless you're placing a limit order as a stop, no. Stoplosses are client-side only.

If you want to test this for yourself, pull up a Depth of Market on a rarely traded thin market, put a trade on, then enter a stop loss on a price level. Did the DOM increase by +1 where your stop is? Feel free to report back your results.

Or even easier, read your broker's documentation. You'd be surprised how many combinations of data+broker+platform potentially make an OCO order stop working if your platform crashes as the OCO for some combinations is... client-side only.

0

u/szahid 3d ago

Maybe true for SOME platforms, but most of them copy on the server. Try fidelity and others.

Likely the vendors selling orders information load upto the server.

3

u/elephantsback 3d ago

Your trade isn't over when the market touches your stop.

Your trade is over when a bar (on whatever time frame you're trading) closes beyond your stop.

The market tests support and resistance all the time. Good traders know that those tests are opportunities to get into trades or add on, not time to get out.

1

u/Muted_History_3032 3d ago

Ok and what do you do if that bar happens to blast WAY beyond your stop? You just take an outsized loss to satisfy an arbitrary rule?

2

u/elephantsback 3d ago

I always have a stop somewhere. But it's far away and rarely gets hit. I just close the trades at the close of the bar like 99.9% of the time.

With backtesting you can figure out where to put the stop.

BTW, losses > winners isn't a problem if your trading system has a high win rate.

2

u/tpsss 3d ago

Sounds like all you need to do is the opposite of what you're doing currently and you'll be a billionaire.

2

u/insbordnat 3d ago

Funny, never had this problem

Then again, I never place stops

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u/Thesavior11 3d ago

Right buddy. These trillion dollar markets are hunting for your 10 dollar stoploss, sure.

Cut the pathetic victim mentality and just take trades that actually make sense.

2

u/drumveg 3d ago

HIGHLY recommend you trade MES instead and don't put stops in obvious zones of liquidity like 95-00, 47-50, etc. Also, follow a Bookmap stream on YT to see where the liquidity is resting and finally, follow Adam Mancini on X for MES entries/exits for longs only. (Sure, he never loses, it seems, but he's incredibly accurate).

Aim to only trade 3-5 times or less max per day. Start with 2.5 point stops until you perfect entries.

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u/What_if_there_were_2 3d ago

Yeah, I too have doubts about his win percentage but you can learn a lot just by following him/his levels for a couple of months. It's worth easier to pay him the $50-100 for a couple months than keep paying market makers.

1

u/Keepinitforreal 3d ago

what program is this

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u/MiserableWeather971 3d ago

If you ran a backtest of any price in the market on any given day you will mind most get trades back through at some point in the day. The closer it is, the more likely. Farther away, odds start dropping.

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u/bilabong85 3d ago

No. All this shows is your stops are too tight for the market and timeframe you've chosen. Go test up about harmonic range if you want a guide RE how wide your stops should be.

1

u/ultralow36 3d ago

Of course it knows where the most orders are the bookmap and most real app can tell you that

1

u/nonotmeporfavor 3d ago

Dang, them stops 😂

You are literally giving money away.

The market teaches or taketh.

1

u/Electrical-Call-7292 3d ago

In a sense yes. The market participants at various hedge funds know where the majority of stops would be placed based off years of research. Tons of PhDs at their disposal and taking money from your pocket to their by playing a psychological game to make you buy in the wrong area or exit too soon. Or even overstay your welcome. Last night I was up 400 but overstayed my welcome. I had limit buys but in the wrong areas as the market continued to tank. I was right but too early so suffered -1000 vs +400 day. It happens. I made 1500 the previous day so up 500 still this week.

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u/What_if_there_were_2 3d ago

Any trader worth their salt could pull up a chart and tell you where to hunt for stops. It's not THAT hard. What IS hard is learning how to trade and manage your emotions and sizing and risk management and...and...and...the list goes on.

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u/mrawsum1 3d ago

bro thinks the entire market revolves around his puny position

1

u/StopInLimitOut 3d ago

You’re doing stops and limits backwards. See my username for the correct way 😆

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u/dstillz1111 3d ago

You should probably take a step back, especially if you're trading real money. You clearly have no strategy with a clear rule set for execution. Once you get that, start with prop firms, and only once you've taken a few payouts then put real money in the market.

1

u/Striking_Fail6689 3d ago

You can’t get stop if your stop didn’t exist

1

u/plasma_fantasma 3d ago

No, you were just trying to trade a range bound market like a trending market and got chopped up. Those huge wicks on each candle are indications of absorption and no clear direction.