Quote from logic_man:
Never say never.
Seriously, who are you to dictate to the market what is and isn't a valid stop? Unless you are God Almighty, you don't have that authority.
I've also had initial stops 3.25 points away, so it's not as if they are all 50 points away to start, that was just an extreme example.
You have to listen to what the market is telling you, not what you want the market to be telling you or think the market should be telling you.
Think of the market as a dream. A dream has its own logic and when you are awake you might think to yourself "Man, that was a fucked up dream I had last night". Well, the market is that fucked up dream and unless you let it take you where it wants to go, just like that dream, you are unlikely to succeed as a trader. I don't know if I'm telling you something you don't already know or not, but what I am telling you is the absolute truth.
