The purpose for this thread is to find out everyones (especially seasoned traders) logical opinion on stops for intra-day trading. Lets say that one has 150K in a margin account and almost all plays are day trades. Lets assume on average that 7 out of every 10 plays end higher (if long)/(Lower if Short) by the EOD (End of Day) from their entry position. Of course there will be the news plays/etc that go against all traders from time to time. Stops will be in and yes there are bad fills on market stops. This person is a straight up technical analysis player. There analysis is played on mainly price action and volume looking at support & resistance A.K.A. Supply & Demand. This person brings in enough income to cover there expenses from another source with a little room to spare. Now, I want to provide some hypothetical scenarios on how this person would currently approach the market as far as stops go. I will now try to add some insight to ones thinking. We all know we would like to enter a stock and watch it go straight up instantly making that fist full of cash with no backing up! Then most traders understand that sometimes stocks will come back regardless of technicals for any possible reason. Most stocks played have an average of 300k in volume on a daily average for the ability to be able to exit having liquidity, of course there are exceptions. Now lets look at that persons current stops: Normally trading stocks between 20 to 100 If long/short 500 shares approximately a .10 Stop. If long/short 300 shares approximately a .15 Stop. If long/short 200 shares approximately a .25 Stop. Any loss of $100 to $150 normally cuts this person from a position. I don't know about your opinion, but I think this type of stop system is a death wish for ending up even or slowly losing money. Normally this person would like to bank on average $200 a day. Don't most technicians trade the charts and not the money? Thus hindering the persons trading already by trading the money and not the charts. Now to my questions: What is a reasonable technical stop for intra-day? THIS IS THE REAL IMPORTANT QUESTION! Is this type of stop system ludicrous based on the scenario described above? How does one deter another trader from focusing on a possible $500 loss and letting a possible $3000 gainer run? How does one stop a trader from jumping ship early by looking at the P&L and not staying focused on the technicals? My best guess is to minimize the P&L window. This is JMHO, but, I think this trader is trading scared instead of trading. I understand that a $500 loss in trading can somewhat shock a trader, but if your playing the game and most of the time the trades are smart set-ups. Your overall gains will offset that loss. Seems like a short-term panic is monkey-wrenching a current possible success strategy.