Right. If one is paranoid about having outright order in the market, using synthetic order can be a way to go.
you get it! you get the leverage, plus, you still have the control. if you want to hit big, use leverage is a must. but do not borrow money from soneone who can have condtions on this borrowing, use the borrowed money to enter a position, then the lenders want money back immeadiately, that is a disaster. smart people are the same! only fools are different!
I was implying that 4-4:15 pm timeframe is a stop for intraday time period, so for ES that leaves max loss of any day within the past 20 years about 8% or so.
I don't trust stops, they tend not to trigger for me in the past, any fast price movements will blow past my stop. I would rather manually exit, however you will have to be disciplined enough to do so.
For me support and stoploss should match and should never be more than 3-4 % max. It works on paper. Have yet to play live...
I dont know what products u trade. But I think that if a price moves through your stops so fast that it doesnt trigger or work properly, I doubt that you will have success manually exiting either. Just my opinion. I always put a stop in...its also easier to manage other positions with a stop in.