yey - how easy is this?, page-26

Optimus8, use stops. I use them religiously now after losing a lot of money in my early trading days. I learned fast its better to lose a small amount several times than lose money in big hits. Every time I enter a trade I do my risk/return ratio calculation and I accept that if I'm wrong then the risk will be realised, but if I'm right the return will be realised. Obviously you have to set the risk (and associated stop) and return (and associated exit level) to the levels that suit your trading profile. That way I can leave a trade and sleep at night because I've got my protection in place, and if I'm right I pick up my expected return if I'm wrong I know what I'm going to lose. Come to think of it - I have slept a lot better since I've been doing that!

Hope that helps Optimus.