- USA TRADERS THREAD -

Ben. No stops (Short ) on my futures just watch them like a Hawk with a max loss target in my head using margin. Long Futures I will set a stop a long way but never more than would hurt me a little and rely on margin what I can afford, If in small profit I will try a no loss stop,. If I get closed out I will just get back in on review . Planning is so important for futures, research make up my mind and be prepared to exit, there is always another trade to do.. Day trading scalping etc. I use pivot points of last 2 or three days, put in orders sometimes if I am not watching for small punts. Big day punts I watch by the second with a definite max loss pinned to the screen but let profits run moving stops and or taking all or part out, but normally saying that will do, a profit is a profit no greed etc.. plus its so fast. I like Fins for that as it really is interactive with no re quotes and always have the buy sell screen running for its 2 mins and a fraction of a second to re-new. It has never let my down and is more important than spread. Volatile days and phone trading only coming up has so far cost me only little. Never been caught by a black day.. Never day trade US in first hour watch for the 1800hrs move and have a small punt at the re-trace to previous closing price in the last 40/20 mins or so.