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What does it mean to move stop to break even
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What does it mean to move stop to break even

  #11 (permalink)
Market Wizard
San Jose, CA
 
Futures Experience: Beginner
Platform: NinjaTrader
Broker/Data: Dorman Trading, Kinetick
Favorite Futures: NQ all day every day, maybe only one 1-3 times per day.
 
Posts: 658 since Dec 2012
Thanks: 515 given, 511 received
Forum Reputation: Legendary

Depending on your entry area the break even strategy is not always the best bet. The reason is the breakeven area typically serves as support if you're long or if you’re short resistance. It all depends if you’re getting good entries or not. If you study charts like I do, I would go back and review your entry areas for your strategy and figure out if a breakeven entry is good for your system. This is my two cents.

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  #12 (permalink)
Trading for Fun
Boise, Idaho
 
Futures Experience: Intermediate
Platform: Ninja Trader
Broker/Data: AMP/CQG
Favorite Futures: es
 
Posts: 71 since Feb 2013
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Thank you for everyone's excellent and thoughtful answers. I drive a truck between salt lake and seattle so i am behind in my responses but I am carefully reading each reply.

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