Michael Covel recently interviewed my son, Dr. Jason Williams, a psychiatrist, who has done a good deal of research and work with professional traders. I thought you might enjoy the interview. Here is the link:

http://www.trendfollowing.com/2015/12/31/ep-411-jason-williams-interview-with-michael-covel-on-trend-following-radio/

Also it is come to my attention that starting in February the New York Stock Exchange will no longer accept stop loss orders. What's the solution?

It depends on the trading platform and brokerage firm you are using.

At TradeStation where we do most of our trading, our stop orders will rest on the their platform. Once price hits the stop loss price, the platform then takes the order and places it into the market as a market order. This means you will still be able to have a standing stop loss order without having to follow every tick in the market. But be aware it will become an open market order. However that is not much different than a current stop loss order.

Hope all this helps.

Larry

IMPORTANT: The risk of loss in trading futures, options, cash currencies and other leveraged transaction products can be substantial. Therefore only "risk capital" should be used. Futures, options, cash currencies and other leveraged transaction products are not suitable investments for everyone. The valuation of futures, options, cash currencies and other leveraged transaction products may fluctuate and as a result clients may lose more than the amount originally invested and may also have to pay more later. Consider your financial condition before deciding to invest or trade.