'To use global settings, or not to use global settings'

[RafterP]

Hi Guys,

I'm just wondering what percentage of successful traders use global settings.

I've only started to trade the horse racing markets and as such have been experimenting with offsetting, stop loss etc.....

I've been able to satisfy myself that they have their uses and sometimes they have saved me from a bigger loss on a given race but of course as a rule of thumb they have prevented me from bigger profits!

I'm just curious to know what you guys think and whether or not you use global settings. I think i'm right in saying that the more experienced traders are now so in tune with markets and market movement that they don't need to enable the global settings.

What does the forum think?!