yeah, thats what stops are for, to prevent catastrophic losses. So far I'm breakeven for the day off two trades, but I'm primarily a swing trader. Was invovled in euro last nite and lost there :/
i'd say a lot of futures traders killed the last 2 days trying to countertrend. what happened to volente never another word after he shorted last night
Only those who position-size too aggressively. For experienced and adequately-financed traders, getting the direction wrong is not that big a deal. Losses from such trades are built into the expectancy of your system/ method.
out +17, make taking them forever to run it, maybe eod squeeze... sold 10492 doh my timing is off today...
Friday closed up, you buy on monday at the friday high. 85% winning system... you don't wanna fool against those odds.
where did you come up with that stat? Edit: looks like screw the longs time came early, was expecting it tomorrow. Went down fast EOD.