How many Points do you use for Stop Loss when trading the YM emini futures ??

Quote from stevegee58:

Nah. It's too small to reasonably trade with. You'd certainly blow it because it doesn't scale well to proper position sizing. May as well just blow it on a vacation.

Paper trade until you have a system that works for you. Then start trading with enough capital that you can set your max risk at 1% and not get eaten alive by slippage and commission.

While that is a conservative technique which would work if the OP were Position Trading, it's too conservative for intra-day trading, swing-trading or scalping.

Good trading,

JJ
 

Attachments

Back
Top