JumpOff
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I'm looking into the variables that go with a scalping strategy. I think I understand what I'm up against for the spread and commission. I am interested in trading the e-mini indexes or possibly the mini euro. I haven't traded futures for about 15 years, and the last time I did it, my broker had a policy that required me to enter my stop loss a quite a distance from my opening position.
What's the situation like today? If you are trading on an electronic platform with a futures broker, does the system limit how close you place your stop to your opening or current position? I expect to be "in front of the screen" if I have a trade on and I expect to close most trades manually, but I'm wondering about a quick trip to the head, or a few steps to the kitchen for a coffee refill.
Thanks,
JO
P.S. Why would a broker care? The closer your stop, the more in_an_out for them. Oh to be a seller of picks and shovels during the gold rush.....
What's the situation like today? If you are trading on an electronic platform with a futures broker, does the system limit how close you place your stop to your opening or current position? I expect to be "in front of the screen" if I have a trade on and I expect to close most trades manually, but I'm wondering about a quick trip to the head, or a few steps to the kitchen for a coffee refill.
Thanks,
JO
P.S. Why would a broker care? The closer your stop, the more in_an_out for them. Oh to be a seller of picks and shovels during the gold rush.....