I realize that risk tolerance is a factor in establishing portfolios for yourself or others, so would you mind telling me which version of stops that you are using the most in your money management?? I am most inclined to use the one for long at 5% and short at 3%. This gives a set of average returns and a 2005 return as good as the others, with less neurosis. See the fourth chart down, link, http://www.investorshub.com/boards/read_msg.asp?message_id=10360249