I am writing this because i want to voice out my opinion and i hope a back and forth dialog occurs. What does "cutting losses quickly" really mean ? For this past month in June i have had fewer losses than previous months all the way from March when i started trading. And most of these positions that i took was in the RED before the trade went in my favor and i took profits. What i discovered is that on past and recent runners like $FNBC,$SPI,$AVEO, $CVM,$DCTH,$ANY,$SPEX etc they all play exactly the same way. First the morning spike, which leads to a morning panic which leads to a bounce and then consolidation and then retest highs and then breaks out of highs. If you carefully placed positions with anticipation of these moves you may in theory make some money or reduce your losses dramatically. When i review my trades nightly i always focus on why i did not lose and if i cut losses on certain areas how i would have reacted to the loss. I have been reading on a regular basis other Trader's posts and i believe that losses are been cut too quickly and the charts are not given an opportunity to work. Again its my opinion and i want to see what you all see. Please i am not trying to be holier than thou for i am still a newbie and i am no where even close to call myself a successful trader. I am always a trade away from blowing up and that's a fact. Can't wait to read your comments. Happy 4th. 

P.S My Observation is only focused on Runners that Break out or have a Catalyst.