S&P 500 Index (SP500)

[farooq]

Good morning Bob,

You are correct on all explanation. Ideal stop is 20 to 30 Cents but I think one should take even 1 Cent profit then loss. One can always enter the trade again.

My stops are two type if I am watching they are usually with my program, if I am not watching they are with broker. Some time when I am watching I do tend to pull trigger earlier and some time I become little stubborn and even take few extra cents loss.
I do mention my stops so those who are watching should remember the importance of stops.

I still owe you one explanation of a trade, you are already there.

Closing at first touch on pivot was my first inclination but got carried away in writing. You right again to sell near pivot.
On margin that is about 1 % ROE in first 15 minutes. What legitimate business can give that return?

Happy trading.