At the end of the day, futures trading is leveraged trading and you had to keep strict stop losses and profit targets while trading. Just as your profits can multiply in futures, your losses can also multiply many times over. That is one reason why your risk multiplies in futures! When stop loss is triggered or profit target is hit, immediately exit the futures position. Averaging and waiting longer are not good options when it comes to futures.

One question is that should you keep stop losses when you are long on options. When you buy an option your loss is limited to the premium paid. But you must still keep stop losses for two reasons. When the option is unlikely to yield profits, as well close it early and try to realize something out of it than sinking the entire cost of the option. Also when the trend is going against you, it makes to terminate long options before the time value decay starts.