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Originally Posted by Athalon7
I have to agree here. If you are trading small enough, stops are not needed. And the biggest reason is this: Brokers hunt stops. Make no mistake about it. Its you against him. Why give him your hand?
You know what the daily ranges are and what the worst case daily scenario is. Is it dangerous? Yes, but not more than shouting your intentions. In a huge one second move the spread is going to go out of sight anyway so you lose nonetheless.
If you must use stops, use an EA or script and not the broker.
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indeed, just stay in control of your risk and be disciplined enough to execute when the time comes...trade enough units/shares to maintain comfort if the market moves against you.
I agree with stop hunting also......this could make a good strategy if you knew where the majority of stops resided..