I have great trouble with them. I just placed a logical stop and within 6 minutes it was hit. Mild loss. But, the price shortly reversed and I would have had a nice $150 profit per contract in 15 minutes, if I had not been stopped out.
When I do not use broker stops and just watch the market, I second guess myself too much and sometimes I get hit with a large loss. I have had trouble with stops in every market i have ever day-traded.
How do you handle stop losses?
(Please answer only if you are a consistently successful trader, not an amateur like me.)
Thank you for your advice.
George