clylbw
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Hi,
So far I only day trade Eminis. However, recent conditions have raised the possibility of overnight holding. I have defined the setups, but am having difficulty in setting stops.
As DeltaGuy has shown previously ( http://www.trade2win.com/boards/showthread.php?t=14424 ), setting stops in overnight holding is not always what it seems. While I do not wish to risk more than my preferred level, I do not want to be shaken out of my position by 'rogue' spikes, either.
I know big boys probably have others to watch the market for them, and system traders have the machine, but I have neither. As a discretionary individual trader, how can I set effective stops in overnight holding?
Thanks indeed.
So far I only day trade Eminis. However, recent conditions have raised the possibility of overnight holding. I have defined the setups, but am having difficulty in setting stops.
As DeltaGuy has shown previously ( http://www.trade2win.com/boards/showthread.php?t=14424 ), setting stops in overnight holding is not always what it seems. While I do not wish to risk more than my preferred level, I do not want to be shaken out of my position by 'rogue' spikes, either.
I know big boys probably have others to watch the market for them, and system traders have the machine, but I have neither. As a discretionary individual trader, how can I set effective stops in overnight holding?
Thanks indeed.