Only trade under certain conditions, and only use stops when those certain conditions are viable for the usage of small stops.
Even when the market is slow, placing stop loss will eat you alive! More than 90% of small traders lose! They just lose!
i won't place an INTRADAY stoploss LIVE. Are we so naive to think those wouldn't be sold (i keep my stops in mind) Overnight, MUST place stops. or face ruin. there sold too, but what can you do must sleep sometime
Just noticed this from your opening post. Might have been pointed out before. You say the average price will be 3 points from the market price, but actually it will be 10 points (you are in at 1325 and now at the current price of 1345, average is 1335, 10 points away). You must have skipped the LOWER maths classes on your way to the higher education group
He followed one class that you apparently missed: wishfull thinking in mathematics If you add this in your calculation the result will be correct. Is it emg or OMG?
I really know nothing about trading, but from what I heard 1 car is equal to 100 contracts ES. If the ES goes 20 points against you, your account is wiped out. 20 points for 100 contracts at 50$ equals a loss of 100K. It means the market is your stop. (So you do use a stop!) What is your strategy if you go short ES at 495 around end of 1994? For your information: I saw somebody do this trade for 200 contracts. He did not want to put a stop too. He added on every margin call to his position till he lost 10 mio $.