Hi GAT I have read your book, (some of) your blog plus this thread - you have written a lot of very interesting material. I am interested to understand more about your perspective on the use of stops. I recollect that you are ambivalent towards using stops, and as far as I can make out, you do not use them. Nearly everything else I have read views the use of stops as virtually mandatory. Fundamentally why do you not care? is it because you trade across a very diversified portfolio of futures (40) so if one goes very South very quickly, damage to your portfolio will be limited? Is it because you stay away from low volatility instruments, and think the "amount your instruments can go South by" is therefore limited? You describe your system as relatively slow, so I am assuming even if one of your chosen instruments had a CHF-like event, then your system would still not adjust very quickly. Finally - if you were to introduce stops to your trading as a safety mechanism, how would you go about that? Thanks for your thoughts.