Discussion in 'Index Futures' started by BPtrader, May 1, 2009.
Thanks in advance.
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?
An average 1 point stop can be very profitable
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.
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.
A one point stop means get FLAT, not add!
Averaging in to a losing position is a whole other ball of wax.
You can predict a position is a losing position if it goes one point against you?
You must be a PRO
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.
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.
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