Geo, for what its worth, I was trading E-minis early last year on mainly 10-day cycles using Hurst and had enough success that I was soon doing the Big contracts. The problems I faced were (1)the volatility in the S&P made the reward/risk too small for my liking and (2) I was having trouble sleeping at night, even with stops, because at times the trading was so painfully thin, even on the Big contract, that a large order could run the price through your stop and you're not filled until several points beyond your stop. I also recall a power outage right after the close one time that caused a big gap when trading resumed after hours. I came out all right on that one, but it was very scary thinking about what might have happened. In those types of situations, stops provide no protection at all. Granted, these were rare events, but they must always be guarded against.
