A nice quote I got from the internet.. "if any budding trader reading this thinks that the best way to trade is to find a way to avoid taking losses, you're just not ready to trade at all. Losses aren't mistakes, they aren't 'bad' investments, they're not disasters - they're just overheads like your power and phone line and your computer. They are part of a trading year and should be covered in your trading plan. Failing to manage losses IS a disaster of course, as are (at the risk of sounding arrogant) refusal to accurately recognise your environment and to learn from it." The reason why I'm posting this is because I think a lot of traders let their losses get to them.. Some people actually trade without stops just to avoid losing.. But like the guy said, losses are part of trading..