Just wanted to hear some thoughts others might have on this topic. I generally set my stops according to a few variables: ATR over the period of the prevailing trend, intermediate or primary; the support level in the channel that has developed (if there isn't one I'm likely not entering anyway). If my calculation comes out < 2% (it's actually happened with very slow-movers) I just keep it at 2%. That said, I find that I sometimes get premature stops around the open. For example, I was stopped out of RES yesterday when the low for the day hit ~2% below the open. It then closed up and had a nice rally today with ~4% additional gain. I'm finding a lot of my otherwise successful entries go this direction. I've considered simply ignoring the open and going for later in the day, but that presents problems too. Thoughts?