that first trade just about screwed my whole day (i just couldn't believe my "lying" eyes . Ever had a short bias in your gut and not know why? But I traded back and ahead for day so far.
when you realize that the market you trade is protean and capricious why place a hard stop in advance. new info or data is always streaming in..why place a hard stop off price action that occurred 5 or 15 minutes ago? that's ancient history... my stop is a work in progress