on a position if you were certain that you would make money on it later? I know that a lot of traders here are SUPER aggresive about cutting losses. Some people don't let a single loss amount to more than .5% of the enitre account. But without taking big paper losses, doesnt that limit your upside because you're constantly getting stopped out? Or your're selling too soon instead of rising the trend for fear of losign money? Why not establish a longer term postion and ride it out? If you think the dow should be at 12500, wait for that target. Let the puts expire. Why sell so soon and so readily? It seems so many traders have a morbid fear of losing money.