Monday, July 20, 2009

CoFlex Stop Loss

Hi All,

When talking to our Trading Mentor, Courtney Smith, I learnt that though in CoFlex Video, he said that we use the Last Bar technique to have the stop loss. BUT he improved the method by using the last swing hi (for a SHORT CoFlex) or swing lo (for a LONG CoFlex) as the stop loss.

Yes, the gap is wide hence, the person should always follow the risk management taught by Courtney. Like me, I am using just 1 contract for the time being for all my CoFlex trades before I will increase my position in the future.

Your Friend,
Max Tay

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