Hi zulu, sorry for delay. The books are great and I have been coached by Dr. Tharp some time back. I don't hold stock for long periods. I usually only trade 3 and 5 minutes intraday. Hence my small stops. The only way I get stopped out is if there is a reversal, a late ticket goes in, the Market Makers are feeding the ducks, or I haven't done my homework properly and I shouldn't have been in there in the first place! I'm at a stage where I can buy large enough trades not to need to stay in any longer. Buy and hope is toooo slow for me. I prefer to trade for the fun and the immediate rush. When I have finished playing, I close it all out in the fluffy comfort of knowing my risks are off of the table so I don't have to think about it while laying on the beach or playing golf. I have great admiration for people who can hold stock for long periods and still sleep at night :o). On the rare occasion I do it, I find myself checking it every couple of hours and sweating while the markets are closed. There are simply better ways of making money over long periods. (me thinks)