help - index trading sucks so far, page-25

Sharks

When looking at the charts and you see your trades going in the wrong direction turn your monitor upside down. :)

10 to 20 pts is simply a scalping stop loss imo.
If you trade after cash market then you will have seen the volatility go crazy ay times.
They hunt stop losses for the big boys and we smaller traders become collateral damage.
You know doubt have seen the massive spikes up and down at times. It is like some one let off a hand grenade and it doesn't matter which direction you are going you get blasted.
It happens a lot worse on currency pairs (forex).
You would be better served with a 50pt stop if playing longer than a scalp. Having no stop means that you best not leave the screen.
I am assuming that your trade would have eneded up ok if your stop wasn't hit. ie you got taken out and the trade reversed back in your direction.
What sort of time period are you looking to trade over?
Are you using trailing stops or limit orders?