Below is my newest podcast video!
If you have an iTunes account, log in to iTunes, do a search for “Top Dog Trading†and then click the “SUBCRIBE†button so you get all future podcasts for me … they’re FREE!
Daytrading Forex, stocks and eminis is tough. When you consider that daytrading professionals sometimes intentionally try to take money from amateurs, well that can be infuriating.
Welcome to the topic of “Stop Running” or “Gunning Stops.”
While the topic makes most amateurs mad, it needn’t. All you have to do is calm down and ask a good question (most of life comes down to asking the right questions):
“How can I turn this to my advantage?”
The answer is that while you can’t always avoid having your stops taken out (they’re there to protect you after all), there is a way to turn these lemons into lemonade.
YOU can join the pros in running stops … if you know what to look for (I’m going to show you that in just a moment).
This lesson applies to futures and stock daytrading, Forex day trading, emini trading, stock market trading and emini trading alike.
You can watch for these stop runs and follow the pros as they do it. The video podcast below shows you how:
Please leave your comments below.
I am just curious how do you make the podcasts?
What software is used?
Really cool video Barry. Its nice to see someone lay out exactly what it looks like when the pros take the newbies for a ride!
thats wonderfull Dr.Burns this is great ,I love your videos.
Masoud Vancouver Canada
Dear Dr. Burns
I’m enjoying your site and your approach very much. I got your 3 primers over the weekend. I really enjoy your straightforward and very calm approach to trading.
In the pdf about placing stops, you have this phrase: “They belong where you’re wrong.†I’ve never heard that said so clearly or so simply, so thanks for that. Of course I was trained like everyone else to set them just outside pivots, but this makes much better (and more profitable) sense. Today on the 6E I practiced this. Where I usually would have put my stop I didn’t get stopped… and instead the market took off in my direction. Great! Thanks again, I’ll be reviewing other materials of yours and commenting soon.
In appreciation,
Dr. Max
Hi,
I was very interested by the free videos.
I have tried trading penny stocks a couple of times and I am not richer for that. I can say I have been lucky not to lose too much money. Unhappyly, I understand the videos but I dont understand what you say, because my native language is the french.
I can read english language et write it too, but not spoken english.
to see the videos without the infos is not enough.
Is it possible to have a translation of your explanations?
Anyway, I thank you very much for the videos.
I have learned many things in that.
I hope that I can have the translation in french.
Armande
WOW! Thank you so much for all your great information. I am looking forward to applying some of your strategies to my current ones. Greatly appreciated!! Thanks!!
Jill
the video is great i love to see that, thanks barry
Another excellent method to assist the private trader. Many thanks. Eugene
Hi Dr Burns,
Great video. I have a few questions….
1/ Does this work on all the daily chart, 1 hour chart, 30 min chart and 15 min chart?
2/ Does it matter if the trend is currently Bullish or Bearish?
3/ How “far back” down the chart can we look for the highest high or lowest low?
Thank You
Morten
Hi Morten,
Thanks for your comment and questions. It works for all chart intervals, bullish or bearish trends. There’s no specific rule as to how far back you would look since that would vary based on the time interval of the chart, but it’s best when the market is retesting a significant high/low that is seen by many market participants – so in general, the more recent the better.
HOW OFFEND DO YOU UPDATE.I HAVE SEEN THIS BUT NOT SURE IF I’M MISSING SOME OF YOUR BLOGS.THIS IS SOME GRAET INFO.I’M TRYING TO SET UP THING TO TRY DAYTRADING AND YOUR INFO AS BEEN LOTS OF HELP AND BELIVE ME I NEED THE HELP. AGAIN THANK YOU.
Thanks for the great website. I find the information useful and will visit on a regular basis
Dr. Burns,
I’ve taken 5 of your wonderful courses and have learned to make money from the markets by applying your concepts and teachings. For that I want to thank you.
However, I have a different experience with stops. For day-trading, I follow your system and get out where the market makes me wrong. For swing-trading I just don’t use them. To me they just don’t work and are the cause of most of my losing trades. The only protection they offer is mental. They don’t protect overnight and against gaps; so why show the pros where they can take my money?
I only protect my account against catastrophic losses buy buying puts, the cost is my insurance policy. but that is me.
Thanks for your great courses, they have made me finally profitable in this business.
I like your approach. I have made a lot of stock option money from “Psychology of the Call” blog. Check it out and we’ll share ideas?
DC
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Really insightful bless you, I do think your current readers would probably want more articles similar to this maintain the good work.
Thanks for another great short video.
is this work for commodity (silver, gold) day trading)
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Wow that was odd. I just wrote an incredibly long
comment but after I clicked submit my comment didn’t appear. Grrrr… well I’m not writing all that
over again. Anyway, just wanted to say great blog!
Have you ever thought about writing an ebook or
guest authoring on other blogs? I have a blog centered on the same topics you discuss and would love to
have you share some stories/information. I know my viewers would appreciate your work.
If you are even remotely interested, feel free to send me an e mail.
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Thanks for sharing your thoughts about daytrading.
Regards