I have over the years gradually gotten away from using stops in my position trading due to the fact that I never overextend myself and use very low leverage. I am also not overextending myself in my day trade experimenting here. As time goes on, I may bring the stops closer, but right now, while getting the daily rhythms down, I will use the wider stops and adjust as we go on. Good question, thanks for asking it. Keep in mind that with the kind of low leverage that I use, it would take a full doubling at the very least of the value of the ES to really put a hurt on me.