Quoting diallistDislikedCandy, of all the things I've learned from Jim, the idea of getting your stop to breakeven as quickly as possible is by far the greatest. I can attest to the peace I feel at being able to leave the computer and know I at least wont lose any money, and that conforms to the first law of trading, PPC=Protect Precious Capital. As a result of doing this, I am now making more money than I'm losing, even though many of my trades get stopped out at breakeven. And even on those trades, if the market hasn't reversed and is only retracing, I can get back in on the retracement.
Jim, he be my hero!!!Ignored