If I trade ES and use 1 point stop loss, what are the pros and cons?

Discussion in 'Index Futures' started by BPtrader, May 1, 2009.

  1. any opinions?

    Thanks in advance.
  2. Surdo


    If you don't have a system, you will be "stopped out" all day long, trade less often with a wider stop and wider profit targets.

    If you are using a one point stop, what is your target?
  3. An average 1 point stop can be very profitable:)
  4. Your entry would need to be precise; otherwise you could get stopped out on noise. If you're mainly trading breakouts/break-downs, a 4 tick stop could work. I use a 2 pt initial stop-loss on ES.
  5. sogodo


    for brokers?

  6. If you have a final hard stop, for traders. You just put more contracts at the smaller stop and less contracts on the bigger stop.

    But 99% of traders fail anyway.:p
  7. Surdo


    A one point stop means get FLAT, not add!
    Averaging in to a losing position is a whole other ball of wax.
  8. You can predict a position is a losing position if it goes one point against you?

    You must be a PRO:p
  9. Surdo


    Do you understand the difference between a STOP and averaging into a position?

    I never said I employ a one point stop did I?

    Please read what The OP asked, and answer it wiseass.

    Now I know why I rarely participate in these threads.
  10. pspr


    I think a 1pt stop in the ES is tough to trade with. Either you have to enter near perfectly at strong support/resistance or you are hopping on strong a strong trend. Even then your stop may get hit too often to be profitable.

    You need a plan and test it.
    #10     May 1, 2009