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Something I heard once that had helped me alot is: "Where you place your stop should not be at the point of your maximum allowed financial loss for a particular trade;...but at the point where if the price crosses, your system has failed you."
Don't worry...it can be done.
count me in.
Actually there are three market conditions: 1)trending---slanted diagonal movement 2)ranging--horizontal movement 3)news--vertical movement