What is more astonishing ... that he routinely shorts a point above the low or longs a point below the high, or that he needs more than 21 points of stop loss to figure out whether or not he is wrong not?
(And I'm not sitting here talking behind your back B1) ... But I don't know what kind of size he's using. I mean 5 contracts... he's willing to take a $5000 hit (20 points) today? Thats friggin crazy imo. I don't care how large the account. These 20 point stops... I mean they're ok if you are swing trading this with a few day horizon or something... but for one day... that risk/reward just doesn't make much sense to me. Oh well.