All of my trades have two stops. 1. is an I can't take anymore pain and is in the machine at all times. My 2nd and real stop is an end of day stop on paper. I look at each holding in the last 15-30 minutes and use this stop manually. It is easy once you develop the discipline. These stops are often quite different. Each position stop is calculated and based on levels using multiple time frame charts. For me one size Doesn't fit all.

Source: Sunrise Trader