Stop-losses, yay or nay? Do you believe that stop-losses are necessary in any conditions, or only when conditions call for their use, such as when you need to leave the screen? This is how a stop-loss works. You buy, you put a stop-loss below the price you bought, when the market drops down to the price where your stop-loss lies, and trades even ONLY ONE contract/share ONLY ONCE at that price, your stop-loss immediately becomes a market order and takes you out (sells at bid, at the moment when your stop-loss price becomes the current market bid-price). Vice-versa for when you sell. A big guy needs to buy/sell only ONE SHARE/CONTRACT, only ONE TIME, at a certain price, to turn all the stops that are lying at that price into market orders. What strategies/methods you use to avoid being taken out of the market, right before the market turns in your favor? Do you accept it as a fact of trading life and continue to use stops, perhaps increasing them and thus your risk, or do you avoid using stop-losses except when your attention needs to be away from the screen?