What I meant is that your stop, to survive in this case, would need to be higher than 50 -- you would have needed to risk MORE than 16 points in all likelihood, to stay in. You look in hindsight and see that you only needed to risk 16, but what if it had gone to 1260 last night, or 1270...? Would you still be sorry about getting out at 40? That's the challenge with the whole methodology, namely, when do you say "I'm wrong, I'm out"? You're a great trader, no doubt better than I am, and no one here is trying to be a guru I think, it just struck me as odd that you commented what you did.