no stops.... none needed http://www.elitetrader.com/vb/showthread.php?s=&threadid=47055&highlight=midnight+rally
just out of curiosity - what's the purpose of you coming here every day and repeating your mantra? do you think you can somehow push up the market or are you so new to trading that you are extremely excited about every move the market makes? (gap down - trend day down - ... - your reaction?)
see thats the beauty of the midnight rally crew.... there is NO RISK..... even if market gaps down the worst you do is b/e... no reason to stop out.. just wait till later that day and you get out b/e of with a profit.... ALL ABOARD!! check history of the thread and see the record.... so now midnight rally crew is only 965-2 since 2003!! go MArket!!
so you sat out that big gap down - and posting this AFTER the run up? how many gap down - trend day down days will you be able to sit out?