Some insights too that make a difference in trading:

a) I like to put on a lot of small-share trades to 'spray the field' by being in dozens of breakout stocks during the opening hour, then scale up on the winners that continue

b) managing off your P&L is more important than fine tuning of the specific 'when to pull the trigger' part of it (I cover examples in my live seminars, and dvds)

c) too many traders put on large size (200-300 or more shares from the beginning), and take a 'death of a thousand cuts' with stops... instead it's best to start small and wide across the field, then leverage in on winning trades only

d) I like using 2d lows as absolute stop levels for trailing stops in swing trades


-ken