Wow, That was an awesome post Emini. First a note to Bibas: Buffet's strategy worked in Buffet's days Bibas. Those days, information wasn't as readily available as it is now. Today, what most fund managers know about a company, any individual investor can uncover (theoretically speaking) by simply going to websides like EDGAR, Yahoo finance and msn money and check out all the analysis or simply do them. Therefore I think active management of portfolio is essential- I go with "put all your eggs in one or two baskets and WATCH THAT BASKET. What happened to DNDN today, happened to me a couple months ago in couple stocks- more than 25% wipeout of ALL my money.All those stocks were in a healthy uptrend. As for your strategy Emini that was just amazing. It took me by surprise because well (and I'm not bragging here, despite school I spend 15-20 hours on weekdays trying to develop strategies) the only difference between mine and yours is that i look for consolidation after a run up, hence a price move in a tight specified range (say between 5 to 10%) and then a rise above the 52 week- and I've been pretty successful with it- although now that you've mentioned it I am for sure gonna try yours. As far as the stops are concerned, I usually monitor my stocks very carefully so I don't follow any such rules but the initial stop idea got me good. That makes perfect sense. And just because emini has been successful doesnt mean we will too by using his methods as he clearly states. I would reccomend doing a lot of self study.I used a lot of TA before I met Emini- I didnt even know which books to read. I read Darvas and that single handedly changed everything. Since now I'm more active, I think one can tweak this style for active trading too. Stops should be more tighter and instead of a 0% price move in a month, a consolidation over a week time and then breakout over last week's resistance- and above 52 week high. What do you say? I'm gettin better with scanning. It's my psychological side that whups my ass. I still need to know how to handle situations more effectively during days such as today and yesterday. Any advice on that? It's especially unfortunate when you have just made a trade and yesterday's scenario occurs. Theats when your ideas on stops and everything else become kinda of marred. Thanks! Nice to see you back again. How was Omaha?