i have 63% of a full position ,will add at the end of day or spx 1590 area,stop is set,max dollars on a full position,always underwater every time i do this until it dropsQuote from hafez50:
Ammo if you've shorted all you said you have since the 1552 area you got to be down 20 pts plus on 20-30 contracts. When do you cry uncle? The way you trade i think options are a better bet as you know your loss up front
max contract size with a max loss limit,always respect it, this is no different,if i max at 1590 and we run higher and hit that max loss i'm out,loss is part of tradingQuote from hafez50:
The problem ammo is lets say we run to 1620-1640 before a big pullin. Because of the leverage in the es your account could be blown out first.All it takes is one wrong big trade and poof its over. Ask Jesse Livermore