This is a market environment that requires no protection, its a risk free environment in the index futures. I am not talking about stocks but INDEX FUTURES ONLY! Using prudent leverage and not taking on more contracts than your account can handle requires no stop loss. You cant trade a 10k account and buy five contracts and expect to not get a margin call. But you can sure trade 1 contract in a 10k account and never need to worry about stops thats for sure. I will prove this theory, I am buying 1 Dow Mini Contract this morning 2-1-07 @ 12693. I am certain the market is going to 13000 before we get a 2% correction. Just watch how little risk their is in these index futures.