I remember watching a video before by a guy who goes by the name traderb52 - he talked about hard stops and mental stops - anyone here using both or just the hard stop? I agree with earlier comments that stops cant be used in a 'one size fits all' and must be dynamic in regards to the current...
I've been using 4ticks on the dax, probably should use more but like to keep the risk low....2 contracts first target 4 tick move stop to break even and 2nd target when it runs out of steam.