interesting... but does it have to be an all or nothing scenario? why not book some profits on 1/2 the position?
Maybe I am just a blockhead but I can't seem to see how if when i entered the trade I was only willing to risk $100 why I would be willing to risk $500 as the trade develops. But...
ouch - that was fast. Me don't usually enter orders during the equities open - oil usually reacts to whatever is going on over there. best to wait a few minutes. just my opinion.
i like to make a minimum nut on the first couple of trades. then with a few pennies in the bank trade multiple lots scaling out and moving the stop to break even on whats left. this way you always go home with pizza money :D
I fucking hate interactive brokers!
But when they were my broker I absolutely loved Auto Trader ( http://www.autotradersoftware.com/ ).
These days I am using Sierra with a TransAct account but I really miss Auto Trader.