Dear Traders! One thing that should be in the first place for everyone considering trading as anything more than a hobby- A Business plan. Well, here is mine (only the money management part) so if anyone would like to share some thoughts about it (like, weather I stand a chance at all with it he he) is more than welcome! Alex P.S. I am truly sorry if this doesn't belong to this message board Starting equity : (risking 2% on every trade and losing it, Datek as a broker) 4 000$ - 100 - 20 comissions = 3880$ - 77,5 - 20 =3782,5$ - 75,65 - 20 =3686,85$ - 73,7 - 20 =3593,15$ - 71,86 - 20 =3501,29$ So this would be the 5-losing-trades outcome. The stocks I plan to trade are the NYSE issues like (AMD AOL C DIS HD JNJ JPM PFE WFC etc). So my stops would be as follows : -1$/sh -,775 (after 1st loss) -,7565 (after 2nd loss) -,737 (after 3rd loss) -,719 (after 4th loss) etc Doable or not!?