|
PureBytes Links
Trading Reference Links
|
RTs: just my two cents:
I always place and trail stops on my position trades. I place the first
stop as contingent upon the fill. Been okay so far. Same with stocks. This
is not where my risk control is a problem (more with overleveraging or
highly correlated trades.)
I've have only had the one failed month shot at daytrading and I used the
phone. Thus I was unable to place stops, especially trading the E-mini,
which can "tick" farther numerically than big contract (10 vs 25). When I
had a profit riding and espcially with more than one contract (I max at 3
minis) I trail agressively and almost pseudo-parabolically... after a time,
the risk-reward begins to diminsh and I'd rather take the money and run.
P
I'm bad with options, so I can't really draw a comparison.
|