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Hi RTs,
I hate trailing stops. Maybe I am bad at where to place them. My
trailing stops often protect my profit AND prevent me from making more
money. Trailing stops often were filled at the temporary retracement.
Buy an option is a good way, I think.
Mervin
Peter G wrote:
>
> 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.
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