I don't use physical stops I use mental ones though. Time is money too. Sitting on a losing position and watching it go down further and waiting around for it to come back is a double loss. Everyone hates taking losses but having the discipline to do so is the only way to stay in the game. For you I know you have mentioned that you have quite a bit of trading capital but a lot of people here that is not true for and newcomers especially with smaller accounts shouldn't be left to believe that that is a sound way to trade.
I'm the same way except for that last part...my account isn't quite big enough to play that small, but I do play small enough that I can run 400-500 pips or so without getting margined out.
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