I'm at work right now so no clue where the market is, but I'm trying this on the simulator today.Quote from Fast_Trader:
You're right, that really does have a negative effect on my trading. I haven't tried using stop and target orders to get me out of trade yet. I might try that on a simulator tomorrow. Use a 30 pt stop loss, and a 60 pt target so 1:2 R/R. Let see how it does on the simulator. If I have a good win rate with this technique, I will start doing it with real $.
-FastTrader
Went Long YM @ 9470 with a 30 pt stop loss and 60 pt profit target. Anyone know whether I've been stopped out yet?

-FastTrader