yeah, well i am running that strategy atm myself. I am bought (i probably shouldnt be, but i just rebought), but I have a roof in at $400 and my drop loss at $365. We will see, but its a nice risk mitigation technique.
I have to ask, or it's going to eat my alive: what's the difference between a drop loss and a stop loss?
Is it related to a timid order? Or a barge in account?