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Recommendations: 1
Hi Jason! I had a sneeking suspicion that there was someone out there LOL.
To tell ya the truth, the ES chopped me up way too much. At $50 a point, it doesn't take long to lose $1k with only one contract. The manner in which the ES trade is still foreign to me and when it chops about all day, I found that I over traded and stopped out ALOT.
I will no longer be sitting at the computer all day every day as I have for the better part of the last two years so I plan on having looser stops yet still like the idea of the available leverage that futures offer.
A loose stop on the ES can litteraly kill ya where as a loose stop on a DOW mini offers 10x - 25x less pain - and thats the main thing to me now. On a trend day, one $2 DOW contract can easily make a nice little return while limiting the downside risk. A 50 point stop = a 1 point stop on the ES and at the moment, I think chances are better to get an entry within 50 dow points than they are to enter within 1 ES point. I really don't know if this is completely true yet, time will tell.
I had considered going with swing trading options but have felt that sting a few times too many. At least with futures, there is no time decay or volatilty concerns to screw ya.
Best to you!
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