NexusFi: Find Your Edge


Home Menu

 





Is it worth trading chop days?


Discussion in Psychology and Money Management

Updated
      Top Posters
    1. looks_one Itchymoku with 18 posts (3 thanks)
    2. looks_two Big Mike with 4 posts (4 thanks)
    3. looks_3 dandxg with 3 posts (2 thanks)
    4. looks_4 heywally with 3 posts (0 thanks)
      Best Posters
    1. looks_one Big Mike with 1 thanks per post
    2. looks_two monpere with 0.7 thanks per post
    3. looks_3 dandxg with 0.7 thanks per post
    4. looks_4 Itchymoku with 0.2 thanks per post
    1. trending_up 16,980 views
    2. thumb_up 12 thanks given
    3. group 14 followers
    1. forum 43 posts
    2. attach_file 8 attachments




 
Search this Thread
  #41 (permalink)
 
Jigsaw Trading's Avatar
 Jigsaw Trading 
Bangkok
 Vendor: www.jigsawtrading.com 
 
Experience: Intermediate
Platform: MultiCharts.NET, S5, Ninj
Broker: AMP, S5, IB
Trading: ES
Posts: 2,988 since Nov 2010
Thanks Given: 831
Thanks Received: 10,399

Sort of depends what you mean by "chop" - I think there was a day in the past few weeks where the range on the ES was 4 points - that's not worth trading.

Other than that, chop is fine as long as you know it is chop. On a regular day on the ES, we'll put in 10 points up & down. I define that as a 'regular day' and not a chop day, personally.

To me chop is 3-5 point ranges. They are fine to trade but the key is that you have to know that it is chop and not try to get too much out of it.

Recognising chop is done by experience. I think you get chopped about less, the more screen time you have.


Visit my NexusFi Trade Journal Reply With Quote
Thanked by:

Can you help answer these questions
from other members on NexusFi?
El Clasico Draws $9.2M in Prediction Market Action -- Bi …
Prediction Markets & Event Contracts
Cboe Files for Near 24x5 Equities Trading -- December 20 …
Traders Hideout
April 2026 Jobs Report: +115k vs +65k Expected
Traders Hideout
SEC and CFTC Unlock Customer Cross-Margining for Treasur …
Treasury Notes and Bonds
CPI Eve: Fed Hike Odds Hold at 52% for the First Time, I …
Prediction Markets & Event Contracts
 
Best Threads (Most Thanked)
in the last 7 days on NexusFi
Sober Journey With S&P
22 thanks
2026 Jlab journal
10 thanks
Trying to learn Volume and price action correlation
8 thanks
Algo automated / semi-automated trading anyone?
6 thanks
Hello Im new here
5 thanks
  #42 (permalink)
 Itchymoku 
Philadelphia
 
Experience: None
Platform: corded black telephone
Trading: ticker tape
Posts: 2,892 since Apr 2012
Thanks Given: 1,683
Thanks Received: 3,681

Yeah I watched that and It was in the back of my head, I seem to only learn from my own mistakes. I've transitioned from static limit/stops distances I had for every trade to strategically placing my stop. limits are still a bit tricky because I want to have a 1:2 risk reward, but often times it makes more sense to get out when I see price congest at a level close to my limit.


R.I.P. Joseph Bach (Itchymoku), 1987-2018.
Please visit this thread for more information.
Started this thread Reply With Quote
  #43 (permalink)
 Itchymoku 
Philadelphia
 
Experience: None
Platform: corded black telephone
Trading: ticker tape
Posts: 2,892 since Apr 2012
Thanks Given: 1,683
Thanks Received: 3,681


I highly suggest using a fixed Y axis to anyone reading this thread with the same problem trading non-time based charts and deciphering chop. Auto scaling charts are very deceiving and I was starting to use the actual length of the range bar as an indicator of range, which is just obviously counter productive. I love NT, But it's a little disappointing that they didn't already code this into their charts.

https://nexusfi.com/download/ninjatrader-7/indicators/1174-download.html?view


R.I.P. Joseph Bach (Itchymoku), 1987-2018.
Please visit this thread for more information.
Started this thread Reply With Quote
Thanked by:
  #44 (permalink)
pavanb15589
Bangalore+India
 
Posts: 40 since Aug 2015
Thanks Given: 5
Thanks Received: 26

I have traded trending days and I have traded choppy days... In a small range where most candles overlap each other, it is impossible to trade because it messes with your mind... Choppy days are not worth the effort you put in to trade...


Reply With Quote




Last Updated on August 31, 2015


© 2026 NexusFi®, s.a., All Rights Reserved.
Av Ricardo J. Alfaro, Century Tower, Panama City, Panama, Ph: +507 833-9432 (Panama and Intl), +1 888-312-3001 (USA and Canada)
All information is for educational use only and is not investment advice. There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
About Us - Contact Us - Site Rules, Acceptable Use, and Terms and Conditions - Downloads - Top
no new posts