If trading were so easy everybody would be at home doing it. The charts never seem to set up just right during the day. It's only after the markets are closed and you back and look at your charts then it makes it a whole lot easier for you to decide what to do. The only way to trade effectively and not lose your mind over it is to get involved in a trade and then take an appropriate stop loss. By using a conditional order, 'one cancels the other' you would more often than not take advantage of the trading system, or whatever system you are trading at the moment. HW/NYC