Top-selling trend following video series-75% commissions
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top-selling trend following video series-75% commissions is
stop loss orders are great insurance policies that cost you nothing and can save you a fortune. They are used to sell or buy at a specified price and greatly reduce the risk you take when you buy or sell a futures contract. Stop loss orders will automatically execute when the price specified is hit, and can take the emotion out of a buy or sell decision by setting a cap on the amount you are willing to lose in a trade that has gone against you. Stop loss orders don’t guarantee against losses but they drastically reduce risk by limiting potential losses.
with my system the only stop i use is what i call an emergency stop. My stop loss is automatically made when i make my initial trade at two points. It is only for emergencies, like news i wasn’t expecting, or anything that will make the market gyrate drastically and i never enter a trade without it. However i never expect to use this stop loss to exit my trade. I simply will not let the market move against my trade entry more than a tick or two. If i find that i exited the trade too soon i just reenter the trade but if the trade continues to move against me i have saved the loss of one or two points per. Contract. Usually i will only have to exit and reenter a trade one time if i have entered a trade to early. This means i only lose a small commission per contract instead of fifty dollars per point- per contract, when trading the e-mini, and taking what many consider
a normal loss.
trading the futur………read more detail
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