Stop Exit Orders
Using stops is important when trading the Futures markets based on the potential leverage one would assume for each contract. A small percentage move in the underlying market is a large percentage move in most trading accounts.

You don't want to be too close to the market and get stopped out each time, but you don't want to be too far away to take a big hit on the account equity.

Because of this, we work to start with the First Entry price by Going Fishing. Meaning, when you fish for a fill price, to get a better fill, then your stop exit can be closer too. This is another benefit of fishing for fills.

Below are some common and not so common chart patters that can be used as protective stops.

Use Previous Bar as Stop

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Use Swing High / Low

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Use Tick (Points) For Stop

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Use a Dollar Stop

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Use the Open

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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.