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Strategies & Market Trends : Classic TA Workplace -- Ignore unavailable to you. Want to Upgrade?

To: UnBelievable who wrote (4803)	6/13/2001 12:59:00 PM
From: AllansAlias	Respond to of 209892

Your stop loss depends on what timeframe you are trading and what the risk:reward is. If I like a setup and the risk:reward is good, then I'll use a wider stop. The first thing you probably want to do is trade less. I have cut down to 2-4 trades per day and it helps in this jello. If you are not being presented with a setup you know and love, then don't trade. The most important thing about stops is not the stop -- it's the entry. If you are patient (i.e., don't chase price), then you'll get an entry that will allow for a nice tight stop. On ES, 2-3 points is plenty for a normal s-t trade. If it moves against you more than that, well, you were wrong.