Disliked{quote} To limit losses I almost always have a $ figure in mind that I'm willing to lose for a specific trade. Depending on the circumstances i might adjust this amount, but only after close consideration and a drop dead stop. Normally i average in and out of trades so that gives me a bit of flexibility to lighten the load on losses or lock in a bit of profit. I tend to have big positions in place so i want to ensure I'm completely wrong before giving up and exiting a trade. I don't want to be knocked out of good trades on whipsaws and false breaks....Ignored