[Soultrader]

I have personally found a 5 tick stop to be too tight and not enough room for a trade to work out. I guess it really depends on your entry basis. Because most of my entries are based on tape, I am usually able to use a fairly tight stop. I know immediately that if tape takes out level XXX, I am wrong.

Also, I find trading setups that will give me 10pts minimum. Most of them I aim for 20+ pts but I like to take half off at 10pts to eliminate my risk. My personal thoughts on a 11pt profit target for all position is a little to quick. Once again, trader preference depending on trading setups, style, and the number of trades a day.