And people call me crazy for having no stops on a market that moves thousands of dollars against in movement per contract, only to recover fairly quickly. Isn't having a stop just as bad, when the market ranges inside your huge target/stop range?
No. You must have it especially when using leverage so that it keeps one from being married to a position. My plan is always for the long term.
So you divorced your position at -76 points? What if you and your position kiss and make up at -77 points, and start making babies, and produce enough direction to give birth to profits? The only time it didn't work for me was a year ago at this time, when I bailed on the position, and signed the divorce papers, because she (the position) was becoming a true bitch and would not relent on my demands for reconciliation. Yeah, early withdrawal. Great birth control method. I hear what you are saying. Many of us are having a tough time. With that said, I have to divorce myself from large swings. Three times in a row the market has been holding out for more of my money. Not falling for it again. Today may have been an outlier for long swings. I made 13 MNQ points profit day-trading, and am keeping them. No more swinging until Trump is out of the White House. I cannot fall into that trap again.