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Strategies & Market Trends : Systems, Strategies and Resources for Trading Futures
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To: Chip McVickar who wrote (21258)4/16/1999 11:59:00 AM
From: Patrick Slevin  Read Replies (1) of 44573
 
To answer the second question first it's not so expensive using the spoo, with the e-mini it might be better to use wider stops.

I reduce those expenses often because I have a somewhat flexible rule that if I have 3 losers in a day I quit.

(used to be a hard and fast rule but as I got more comfortable with disciplining myself I violated it knowingly)

The 50% idea seems viable, I think I tried something like that myself once. But Key may be tightening those Stops at selected intervals. Times that you suspect an overbought or oversold area is at hand or times when outside agencies may affect the market. FOMC meetings perhaps, Important Earnings releases, Unemployment numbers, whatever.

Again though, you are presuming a trending market, starting at or around your entry; as well as a market that gains sufficiently to allow you to have a comfortable cushion between your Stop and the action.
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