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Have a cease loss order in place

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Category: Futures Trading

So yes, it's good to have a cease loss order in place, nevertheless it must be a long, long way from your original place and its triggering should mark the tip of your campaign. If you do it proper, it's going to virtually certainly never be triggered, to the chagrin of your broker and to your enrichment.

But then once more there's always that asteroid belt.

And also you thought this was the last certainty that you can cling to.  For is it not true that battle-scarred old traders whisper by way of their nicotine-stained tooth, lack of funds, that the only certainty in this world is that "gaps* are always stuffed, normally sooner somewhat than later"?

And is this not a sexy thought, the notion that impetuosity or irrational exuberance in the market is always in the end replaced by sober analysis, bringing the market again to its senses?

And lo, we have solely to pore over our beloved charts, like a Roman seer over his steaming pigs' entrails, to see, incontrovertibly, each and every hole on our charts filled, in time, and principally inside a couple of days. So is that this not scientific proof of the virtually god-like infallibility of the Hole Law?
U.S. Government Required Disclaimer - Commodity Futures Trading Commission

Futures and Options trading has large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the futures and options markets. Don't trade with money you can't afford to lose. This is neither a solicitation nor an offer to Buy/Sell futures or options. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this web site. The past performance of any trading system or methodology is not necessarily indicative of future results. CFTC RULE 4.41 - HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN. All trades, patterns, charts, systems, etc., discussed in this advertisement and the product materials are for illustrative purposes only and not to be construed as specific advisory recommendations. All ideas and material presented are entirely those of the author and do not necessarily reflect those of the publisher or Tradewins.