buying both call & put warrants on index

Discussion in 'Options' started by c.chugani, Apr 20, 2007.

  1. nikko309

    nikko309

    "I dont plan on trading intraday, unless there is some huge movement or something."

    What differemce does that make? If your 5% stop is hit today or in 3 weeks, it's still a 5% loss.


    "You reckon then that I loosen up my stop losses then? How does one base the stop loss - solely on total risk per trade?"

    You place your stops where the discomfort of the accruing loss exceeds your tolerance for the pain. And that applies to profits as well - run a trailing stop whether it be real or mental.
     
    #11     Apr 21, 2007