I wanted to get different opinions on using large versus small stop loss orders to trade FOREX. I read one strategy that uses tight stop losses to minimize losses and I remember reading a second strategy using very large stop losses to prevent being whipsawed on volatility. What I remember is that the large stop loss strategy would yield many more small gains (ie. 30 to 40 pips) that would offset the few large stop losses (ie. 100 pips). Example: I entered an order to short USD/JPY last night at 116.80 with stop loss at 117.10. My stop loss was later triggered and the pair went to 117.19 to then reverse to a low today of 116.30. This seems to happen to me all the time. If I had used a much larger stop loss I could gained atleast 40 or 50 pips. Just wanted to know if anybody uses large stop losses succesfully. Thanks.