Time Based Stops - Page 2 - Traders Laboratory Forums

manojjonam10 · 10-29-2008, 04:54 PM

I am interested in time based stops however I never got an opportunity for it. Most of my working discipline comes under action to action management where time based stops are less used.

BlowFish · 10-31-2008, 05:28 AM

If a trade dosen't go my way within a 'reasonable' amount of time I stop it out. Usually that is the cue for it to take off! I should really define 'reasonable' in my plan (hell 3-5 bars would do) but as it is now its pretty much a feeling (so emotional) thing.

View Poll Results: Do you use time based stops?
Yes - I use them all the time	1	6.67%
Yes - on some trades (e.g. trading event risk etc)	5	33.33%
No - not used, but open to the idea	6	40.00%
No - no intention of using	3	20.00%
No - I don't use stops - I'm too hard	0	0%
Voters: 15. This poll is closed

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