Traders' Roundtable

If the market closed the previous day at 44.90 the broker can and should still take an order to sell at 45.00 stop the following day. If the market opens at or below 45.00 the broker will sell the contracts. Just before the opening, the broker will have an idea where the market will open. The ...

One can only hope that some traders move away from long term trend following. The better for those who maintain discipline. One must manage the drawdowns and remain in a position to take advantage of the inevitable runs.