S/R Emini Journal

1330 is the S1 and .618 retracement of today's range.

1329 is yesterday's low.

 

FWIW i see this going to 1332 - 13325.5 and then failing.

 

The stop point stays the same, it's a point on a chart that you feel indicates a bonafide reversal. That part does not change. You just don't add so many positions that the point on the chart would lose more than 2 percent of total liquid net worth.

 

How about the natural gas trader who lost 5 billion last week by averaging in?

 

we are getting back to having no realistic stops in place

 

I am short at 29.50

 

Wasn't he way overextended? I don't believe having a stop placement that loses 2 percent or less of total liquid net worth would be overextended. Furthermore, he was trading back months which are very illiquid. Also, I generally am not using more than 1 to 1 leverage .

 

But your stop SIZE does. Therefore the amount you lose on the stopout changes as you postion size changes.

 

Certainly

 

If you are not using the leverage in ES, then why even trade it ?
You would be better off trading spy and not have to roll over or pay higher commisions.