SuperTrail Indicator Video / Trailing Stop LossWas just playing around with the replay function in Trading View and thought I'd share this to show how the SuperTrail indicator worked on a couple of different stocks.
The SuperTrail is basically a modified SuperTrend but instead uses a percentage to allow you to manually set the trail level for individual stocks. Some need a wider trail, some a smaller one. You might set a trail based on the last months range, or the last 3 months. Totally up to you and the stock itself. The idea is to find what I call the natural range of a stock based on its past behaviour and hope that the stock maintains this range into the future. You can of course simply adjust it from time to time as the stock and the market goes through different behaviours (eg bull or bear), reacting to good or bad company news etc.
I use the percentage value that I come up with to set as my stop loss / trailing stop with my broker. This way if the stock drops below the trail value (which automatically moves up as the stock price moves up, but never down if the stock goes down), the stock will automatically sell and I will hopefully bank any profits. Works best of course with trending stocks. You could use the buy signal to go long and the sell signal to short. Main thing for me is I don't have to sit and watch the market and worry how my shares are going. If one is starting to go the wrong way, I automatically get out. Completely up to you how you use it. It is a very simple system :)
If you want to see more examples, just have a look at my profile, and if you would like access to the script, just message me and I'll send you the details.
Stoploss
Trade Planning - How to Trade PlanThis video explains how to effectively trade plan to limit your risk and to maximize your gains. When it comes to Risk Management and Trade Planning, it's important to maintain a clear mind about the possibility of the asset your assessing going in either bullish or bearish direction.
Furthermore, this video explains some ideas on how and where to place stop losses based upon entry confirmations and provides insights about position managing your trades as they develop into a winner.
I hope you find this video informative and hope you use this video to your best advantage with your day-to-day trading activities.
Thanks for watching. Always remember to trade safe - trade well.
Regards,
Michael Harding
RISK DISCLAIMER
Information and opinions contained with this video are for educational purposes only and do not constitute trading recommendations. Trading Forex on margin carries a high level of risk and may not be suitable for all investors.
Potential Buy for USOIL (LOSS)Reason for Entry (R/R) :
Daily-Bullish
4H-Bullish
Confirmations: Break of 4H Resistance and Retest structure forming, 4H Fib rejection of 61.8%, 1H Structure being held @ 50% Fib Level, 15m HH and HL being formed. Buy Stop Set at 41.4 (Twin Trade 1:2, 1:3)
Outcome : SL Hit. Looks like buy entry was too early. Setup should come sometime this week. UCAD making retracement at the moment so when that has completed, will reassess entry.
Feelings going into trade :Very confident in setup getting multi-timeframe confirmation. UCad falling cause of US Dollar. Also Sunny who is more experienced trading Oil taking trade with me as well.
Feelings after trade : Still not a bad trade in my eyes. Only risked 1%. Was up and had the thought occur that UCAD retracement could ruin trade but I was okay with letting it play out.
LONG 4 Hr. Practice Trading (Using MACD) W/+50/200 EMA (TRADE 2)Results Thus Far:
1 - +2.5% Stop loss triggered
2 - To Be Determined
Hello everyone! Today we are on Beam/BTC, looking at a nice MACD. To be honest I found it on Binance phone app, but obviously it doesn't get this level of clarity we see here. We will set stop losses before break out and after to catch/contain profit. I am very excited! LETS SEE WHAT HAPPENS!?!?
ARU,
"STOP LOSSES PEOPLE!!!"
Is it a bird? Is it a plane? LOLRight - guys and gals - it doesn't get much better than this.
Just don't blow up your live accounts on this pattern. Anything is possible.
Disclaimers : This is not advice or encouragement to trade securities. No predictions and no guarantees supplied or implied. Heavy losses can be expected. Any previous advantageous performance shown in other scenarios, is not indicative of future performance. If you make decisions based on opinion expressed here or on my profile and you lose your money, kindly sue yourself.
DOW30: Bears in the bushes, stop loss 23000 Stop loss set at 23000, engulfing resistance on the daily signaling downtrend. Rapid Break down possible passing 23000 zone if low resistance estimated levels are broken. Update and reassess following Monday close.
NZDCAD H4 - Long SetupNZDCAD H4 - Pushing resistance, now, looking to see a rejection and selloff back downside. This has always been a better setup to buy from support, rather than to sell from resistance. Purely because it's bullish consolidation and the wick zone is clearer from support than resistance.
THIS Is Why You Need Stop Losses!! - 06/17/20 RECAPHi traders,
Some days trading is harder than usual, most of the times because the SPY is indecisive or switching "sides" frequently. Wednesday was one of those days. Most of my trades went into some profit, but eventually failed. The last trade of the day in NCLH put me back into more reasonable loss for the day thanks to my 1:2 RRR I aim for.
Anyway in the video I talk about the importance of Stop-losses as I was kicked out with MORE THAN 40c SLIPPAGE in GRUB. Now imagine if I had no SL and it didn't retrace... scary stuff!
Trades:
1) GRUB - LONG @64.84, -1.31%
2) KSS - SHORT @23.68, -0.49%
3) BA - SHORT @192.3, -1.02%
4) PDD - SHORT @81.56, -0.65%
5) NCLH - SHORT @19.45, +2%
*In my ID trades, I risk 1% of the account per trade and go for 2% (2:1 RRR ). Sometimes I adapt a little bit as you can see in the trades' description.*
Total PnL for the day: -1.46%
Total PnL for the week: -1.52%
Good trades,
Tom | FINEIGHT
Add #INFOSYS in your Watch listLook at Infosys Daily chart. It looks beautiful on TA. Recently it broke the resistance level, but again its trading under those levels. Also the short term trendline is supporting the stock. Once it breaks the short term trendline, it can rally further downside. Need to closely watch the stock.
0% luck, and 100% SKill are required to become a good trader. You need to need get a proper trading plan.
Few Takeways to become a good trader:
1. Never risk more than 1% of your capital
2. Before entering a trade you should know your Stoploss levels and Exit levels.
3. Dont be Greedy.
4. Trade in stock market like a business and not like gambling.
5. Train your mind to become a trader. Risk only that much which doesnt effects your daily life
AUDJPY (3D) - The choice is yours.Nobody knows where price will go! In these sort of zones anything can happen. I always look to higher time frames like these to understand any price vacillation on lower time frames.
Disclaimers : This is not advice or encouragement to trade securities. No predictions and no guarantees supplied or implied. Heavy losses can be expected. Any previous advantageous performance shown in other scenarios, is not indicative of future performance. If you make decisions based on opinion expressed here or on my profile and you lose your money, kindly sue yourself.
Why not to trade/scalp with a high leverage?Why not to trade with a high leverage?
We, scalpers, usually trade with leverage, because our gain from an individual trade is small but only accumulates in a period of time if we re-invest after each trade.
Because of our tendency/ human nature we tend to focus on profits but in the long term it is our losses who determine our success.
Our losses are mainly through stoplosses or liquidations. From this point on, I would like to give examples from my trading strategy.
I always recommend in my published ideas, not to trade with a high leverage.
Here is a basic calculation to show you why I recommend low leverage trading.
In my Trades, the main target is what I call "exit2" which is around 1% change in the direction that we wished for. Sometimes "shit happens" and we crash the stoploss (I will use 2% change as an example).
How many succesful Trades (%1) do we have to manage to overcome a loss by a stoploss (2%)?
That is really different by each leverage.
-By 3x leverage you have to trade around 2.22 times to overcome the loss of a stoploss.
-By 5x leverage you have to trade around 2.37 times to overcome the loss of a stoploss.
-By 10x leverage you have to trade around 2.485 times to overcome the loss of a stoploss.
-By 15x leverage you have to trade around 2.62 times to overcome the loss of a stoploss.
-By 20x leverage you have to trade around 2.87 times to overcome the loss of a stoploss.
-By 25x leverage you have to trade around 3.15 times to overcome the loss of a stoploss.
As you can see, with an increasing amount of leverage you have to be more successful to even break even.
I would say it is Ok to scalp with a leverage of max. 10x, but I would definitely recommend not to scalp/ trade with a leverage higher than that.
AUS200 (1d) - probability south. No loss no gain. This is a risky position, obviously.
I do not know if it will fall or head north. My estimate is for the south.
Heavy losses may be involved.
Disclaimers : This is not advice or encouragement to trade securities. No predictions and no guarantees supplied or implied. Heavy losses can be expected. Any previous advantageous performance shown in other scenarios, is not indicative of future performance. If you make decisions based on opinion expressed here or on my profile and you lose your money, kindly sue yourself.
AMD - Correction Is Over, AlphaOverBeta Technical AnalysisHello Traders,
Analyzing AMD from the technical perspective, we see that the peak was reached at 57$,
After that, the stock retraced some of the gains and went back to the support of 52$ and the stock is now ready for the next leg up.
Our stop loss is set at 49$, a healthy 3$ spread, there is a greater chance that the stock will move to the upside but in case it does not and the correction turned into a downtrend, we close the entire position at 49$
Today (May 27th) is an interesting day for the price pattern of the stock, a clear hammer is formed supporting the uptrend hypothesis,
The support of the 52$ is also the 50 days EMA which also served as support since April 2020.
Trade Smartly,
Alon, AlphaOverBeta