What is your stop?????

Discussion in 'Trading' started by spinn, Mar 2, 2008.

  1. spinn


    I realize that is an impossibly vague question as we are all trading different markets, in different time frames.

    How many of your positions go against you if your goal is to make 5-8 trades per day? And how far against you?

    My method is very accurate but I have an annoying habit of entering one cycle early, getting barely stopped out an dthen seeing the position run in my favor.
  2. to get over that, split your size in half. enter as you always do, but only half size, if it runs against you a bit more place your second tranch on, this will allow you more room to tackle this issue, and you can set the monetary stop level the same (stop price will be wider).