Different ways to trail your stop losses when trading.

How to attach a stop loss order to Tradebrary's trailer indicator.

Trail your stops by wick, bar by bar, by small or large swings. Optimized for renko bars with wicks.

Most SPX options traders hedge with SPY puts or just size down. Both leave money on the table.

XSP — the mini-SPX — is cash-settled just like SPX, tracks the same index at 1/10th the notional, and gives you surgical precision on your hedge sizing.

Here's the edge most people miss:

1. Matching settlement styles

SPX and XSP are both European-style, cash-settled. No early assignment risk on either leg.

2. Precise notional scaling

One XSP contract = 1/10th of one SPX contract. Fine-tune your hedge ratio without overshooting.

3. Cleaner P&L modeling

Same underlying, same settlement — no basis risk from tracking error.

I built a risk graph visualizer specifically for SPX + XSP positions. See your combined P&L, breakevens, and profit zones in one view before you trade.