1. What % of trades do you strive to win, and what % do you actually win? And do you have a formula for trying to limit your loss to a certain percentage and then have your gains outweigh those losses? 2. Do you use stop-loss orders if you only trade options, and if you do, what % do you set it at? I am experimenting with 2 scenarios: 40% stop-loss on orders while being more selective, or being a little less selective, knowing I might lose more trades, but lowering my stop-loss to 20%. Any ideas?