S&P 500 futures remains in buy mode, although our entry at 1297 didn't work. Our stop loss ended the trade with a small loss as it was supposed to. Seems like a good time to discuss stop loss and its implications. The first implication is the obvious loss, but that is minor compared to the future implications a loss might trigger. There is often a need or desire to take "revenge trades" which have little to do with the market and more to do with getting back at the market. Once the trip down this slippery slope, it is easy to throw away method and just rely on the seat of your pants. Obviously, your ass is likely to be burned after this behavior has started.  The proper thing to do is accept the loss as part of trading and simply move on. A trade is a trade. Some win some lose, take the next trade as if the last trade never existed. Ironically, this is the same thing you do for winning trades.