Use Tick (Points) For Stop

Use Tick (Points) For Stop- 

A tick or point stop is outside the norm box and we like it. We are not using traditional type of stop orders and we know the risk of the trade as we put it on. 

We suggest a tick or point stop when first putting on a position to start the stop out with. Just something out there for the just in case market move.

After the trade is established, and we went fishing for more contracts and the market started to set up, we suggest to not only take 1/2 the contracts off at a profit point, but start to move the stop based on the different set ups. We may move the stops to the current bar's high/low, or the open, or the swings, etc as the market starts to show use which would be the best. 

All this happens after the initial entry is put on. The tick point stop just gets use in the trade. 

Go Fish Pro has an automatic tick stop function. As soon new positions are put on, Go Fish Pro will place a tick stop for you for the set quantity. When you add or remove contracts, Go Fish Pro will automatically cancel replace all your orders for you.

During the life of the trade, you can manually move the stops on the screen and change the ticks and Go Fish Pro will automatically update the stops for you.  

Past performance is not necessarily indicative of future results.

Futures, Options on Futures and Forex trading involves a substantial degree of risk of loss and is not suitable for all individuals. An investor could lose the entire investment or, in some cases, more than the initial investment. Past performance is not necessarily indicative of future results.