This is a market environment that requires no protection, its a risk free environment in the index futures. I am not talking about stocks but INDEX FUTURES ONLY!
Using prudent leverage and not taking on more contracts than your account can handle requires no stop loss. You cant trade a 10k account and buy five contracts and expect to not get a margin call. But you can sure trade 1 contract in a 10k account and never need to worry about stops thats for sure.
I will prove this theory, I am buying 1 Dow Mini Contract this morning 2-1-07 @ 12693. I am certain the market is going to 13000 before we get a 2% correction. Just watch how little risk their is in these index futures.
Using prudent leverage and not taking on more contracts than your account can handle requires no stop loss. You cant trade a 10k account and buy five contracts and expect to not get a margin call. But you can sure trade 1 contract in a 10k account and never need to worry about stops thats for sure.
I will prove this theory, I am buying 1 Dow Mini Contract this morning 2-1-07 @ 12693. I am certain the market is going to 13000 before we get a 2% correction. Just watch how little risk their is in these index futures.