xjo - weekend charting and chat -04 april 2014, page-8

You didn't tell us you were trading lottery options V8, lol.

If that's the case yesterdays questions were a bit of a settup. You can't really use stop levels on a daily chart for these because of the leverage. By the time the stop gets hit they've lost too much in value. Then you have time decay.....

You really need to manage the trade by position size. What ever $$$ value you normally risk on a stop loss would become the actual position size.

Not trying to tell you how to butter your bread here, just telling the way I see it.