The Dow Future trade triggered last night at 13413. Our stop is now 13345. With time, our stop will improve. However, we need this big of a buffer since we are trading off a 60 minute chart for a swing trade. The market lately has been making 100-200 pt swings.
One option if you are not comfortable with the stop is to exit at each Resistance Level. Once the trade exits at the resistance level, place another buy 10-12 pts above the resistance level.
For EDUCATIONAL USE. Commodity Futures Trading Commission, Forex, Futures, Equity and options trading has large potential rewards, but also large potential risk and may not be suitable for everyone. You must be aware of the risks and be willing to accept them in order to invest in these markets. Do not trade with money you can not afford to lose. This is neither a solicitation nor an offer to Buy/Sell. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this document. The past performance of any trading system or methodology is not necessarily indicative of future results. All information provide d on the Blog is for educational purpose .