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Kevin, I am using mental stops mostly right now but ONLY because I felt like I had reached a point where I could handle it. When I was turning around my trading career and starting to find consistency, I HAD to use hard stops. It was the only way. So please use them. They will save your account. I used a hot key script where I would click on the chart where I wanted my stop. Then I hit the hot key and it automatically purchased the amount of shares I could get with my risk amount ($20 when I started) and the distance between entry and stop.

Monday +1.4R 4/4 2:1? 2/4 4:1? 1/4 WMT 1MinOrbUp +0.37R 2:1? YES 4:1? NO For some reason I had my stop at bottom of first candle, I usually do it below VWAP. UBER 5MinOrbDown +0.14R 2:1? NO 4:1? NO Again a really wide stop, hmmmm. what was I thinking this AM? NVDA.1 Double Top +0.18R 2:1? NO 4:1? NO NVDA.2 BOUp@Level +0.76R 2:1? YES 4:1? YES Traded pretty sloppy today, I was fortunate to be green.

"R" is a way of measuring risk and profit. Most good traders risk the SAME amount of money on each trade. Let's say it's $20. So on a long trade you set your stop such that if the price drops to your stop, you lose $20. That loss of $20 is called a 1R loss. Conversely, if your trade works out and you make $40, that is referred to as a 2R gain. Your R will also determine how many shares you can buy. If your stop is $0.10 from your entry, then you will be able to buy 200 shares because $20/$0.10 = 200.

I am testing this feature of DAS, trading from montage L2. If you right click in L2 > Config Level 2 the config window will open. In the column config, move ORDER to the right and it will show a buy button in every price level in the bid, and a sell button on every price level in the ask. You will be able to send limit orders typing # of shares and clicking the price level of your choice in the bid or the ask. This is particularly useful in SSR stocks, rising devils or just to take profits in a patient way in congested price levels. An as these will be limit orders, you will be adding liquidity.