|
PureBytes Links
Trading Reference Links
|
In a message dated 98-06-16 06:00:14 EDT, TomKochik@xxxxxxx writes:
> I ve just came accross an thought. Would you rather say its better taking
> position in the S&P 500 Futures for say 0.5 point instead of 1 point ?
> Lets say I think the market will go up so I take a long position - call my
> broker and say I want to buy @ market and then as soon as I got filled I
> would
> figure the point Value goal say 1 point and place that sell @ limit 1point
+
> ,
> and also the STOP LOSS @ 0.25-0.5 points below to what I got it for.
> Now do you think its better ON AVERAGE to place a limit order to get out @
1
> point or its better to deal with only 0.5 point or less in terms of taking
> the
> profit ??
> Also how about the Loss Management - Stop loss ? Should that be @ around
1/4,
>
> 1/3 point value of what I would of make as a profit ?? or
.............??????
>
If you set that tight a stop you will be giving your money way. You need to
look at the chart and let the market tell you where to set the stop. If risk
greater than y ou want don't take the trade. Set the stop where you don't
think the market is going.
|