Have you ever been stopped out of a trade only to watch the market move in the intended direction without you?
Regardless of your strategy, time frame, experience level or account funding—if you have ever traded futures, you have almost certainly experienced the agony of watching a market move without you following an untimely market exit.
Whether you are stopped out, ran out of margin money, or simply can’t take the pain any longer; once you are on the sidelines it is impossible to recover from a poorly-timed speculation. In addition, traders using stop loss orders are exposed to the risk of prices gapping through their stated price, excessive fill slippage, and even limit up or limit down moves.
*THERE IS SUBSTANTIAL RISK OF LOSS IN TRADING FUTURES AND OPTIONS!