Review Stops Implementation

 I just want to report back on the past two months. For quite some time I would not use stops.  I have often examined my trades and realized that if I had just been stopped out on my first portion of my trade and then trying it again later would have allowed for me to have a better average price and been more comfortable as the price went in my direction. At some point in time (after some big losses) I decided that I should definitely be using stops. I still think I'm learning he best places to have my stops but I tend towards wider stops than close and what I would like to adapt to my plays is the knowledge/feel for when to keep the stop tight. But anyway, what I've learned in the past two months confirms my analysis that stops would only help my trading and that taking stops/leaving them in and having them, does not adversely effect my trading. What is interesting is that I have taken a loss or losses almost everyday but still ended up net positive on all but one day. And that one day was less than $100 loss. The one thing that I really need to get better at is not just covering losses, but letting good trades run. One of the things that I'm working on is adding to winning trades. I think that sometime when I want to get out, the better thing to do would to just move my stop up a bit. So that's what I'm thinking. Just watched Ford drop a half point after earnings with quite a bit of volume being done at 10.80. It's only up because I traded it today, but since I'm recording I figure I'd get the earnings action recorded too. Anyway, Cheers!

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