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What is less risky on the ES?


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 kevinkdog   is a Vendor
 
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trendisyourfriend View Post
I think Mack from price action trading (PAT) encourages people to aim for a 1 pt profit and put your stop at BE and try to manage a runner on the ES. I posted this question to see what other traders think of such a money management practice. I once tried it in my journey and was beeing stopped out all of the time. But it seems some have success with it.

My experience is that having breakeven stops almost always decreases system performance. That is for mechanical rule based systems. Very rarely does it make things better.

BUT, I can see the usefulness for discretionary traders from a psychological point of view. It can be deflating to watch a nice winner turn into a loser.


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