How many of you use Trailing stop limits? I’m deciding putting trailing stops for my positions as they might help during a larger market correction but hesitant as it could also lead you to exit your positions more frequently in case of normal volatility.

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I’ve started to use trialing SL for both buy and sell. Great if you’re scalping. Takes the emotion out of it. Less chance of hopium.

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Mental stops. I have a stop written down in my trading spreadsheet for every position. I don’t use stop losses because you can get shaken out by random market movements only to see the price snap back 10 minutes later.

It means you get more slippage, but there’s less churn.

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Yea I do the same keep track of actual costs in an excel workbook since i sell so many calls in positions. I really only use a stop if I'm holding futures overnight and it's just a bracket order

I set alerts based on trade price for stop loss, not connected to orders. Too many times I’ve set stop loss orders and algos end up triggering them for a hyper second. I also see this when buying options... put in an order and bid immediately goes up, but eventually comes back to the theoretical value. The risk of paying for order flow I guess.

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Ahh got it. If your getting burned at 25% I'm guessing your otm short term? Try 60- 90 days out atm. Should be less volatile.

I use them for more volatile bets, but haven’t yet for really large cap stocks. Prob not a bad idea, but I also don’t really expect Alphabet/MFST/Amazon to lose in the long run. If they do, everything else probably went down the toilet too anyways

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Just get some hedges. Sell a credit call spread after like 3 weeks of straight up.

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Additional Posts in Option Traders & Investing

9/29 Thread (BC):

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I’ve been reading this bowl for a couple of months and recently made my first options purchase - 1 call contract of UVXY at $21.5 strike, expiring 10/30 when it was round $19.5 last week anticipating increased bouts of volatility before the election. Sold today for a profit of $100. Thank you!

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1/7 Thread (BC):

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