I have over the years gradually gotten away from using stops in my position trading due to the fact that I never overextend myself and use very low leverage. I am also not overextending myself in my day trade experimenting here. As time goes on, I may bring the stops closer, but right now, while getting the daily rhythms down, I will use the wider stops and adjust as we go on. Good question, thanks for asking it. Keep in mind that with the kind of low leverage that I use, it would take a full doubling at the very least of the value of the ES to really put a hurt on me.
I just don't see the S&P busting through 1300. I'd be surprised if it was able to close above 1300. Let's see it get to 1300 first.
The futures are still falling, down 3 from the close. More or less a straight line (constant slope), starting at 3PM.
yes, thank you. the big boys were following the bird today. as you can see my "double top" post today was clocked at 2:32pm w/ S&P @ 1296. What a call !!
nice bird, so do you trade off mostly chart patterns or are you just using them as confirmation of something you are not telling us?
that's right rendick. when you make a great call & real money, you get happy. maybe one day you'll understand, maybe. bird over and out.