Best way to protect profits

Discussion in 'Trading' started by ddog, Mar 21, 2002.

  1. ddog


    If one is holding a profitable long or short position overnight and does not believe the current move has run its course what is the best way to place a buy stop if short and a sell stop if long to protect open profits. Would it be to protect a percentage of open profit or a strict point move?

    I am speaking about the emini S&P500 futures in particular. I had a short position from Tuesday's close that got stopped out two ticks off the high of 7:48 PST this morning right where it collapsed down 12 points!