Let me be clear about what I will discuss here in this article. You are not going to get a lesson on where or why to place stops. Or whether you should cut your losses short or let your profits run. You have heard this all before. Any trader that does not have a system is doomed to fail in trading. All successful traders use a system whether he admits it or not. Even a discretionary trader uses a system that he has naturally developed over his trading career. It may not be a written mechanical trading system but he knows where to place stops, when to get out and where to take profits. It is his style of trading but he uses that method over and over....