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Southeast Wisconsin | What is a good trailing stop to use on soybean futures? Do you initiate the trailing stop as soon as you buy a futures contract or Do you wait until a certain resistance or stochastic mark?
I had a 7 cent trailing stop on my beans and just got stopped out after lunch. Still have profits but would like to make sure I maximize them over time.
Also do you use a hard stop until the trade is profitable and then switch to trailing? | |
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Stops vs trailing stops
