I do not use stops; however, I trade using a double cross method employing 10-50 and 5-20 EMAs so that the "crossing" price is my stop (most commonly, though, I reverse my position). I prefer no emotions and second-guessing in trading and like to be always in some markets (short or long) such as DX, ES, NQ, C, and few more.

My problem with stops in more "intuitive" trading is that they are as emotional as the trading itself. They are set either too close (most common) or too far from the entry. In the former case, the volatility eats the money and in the latter, the forming trend is not taken advantage of but fought with.

Great topic, indeed.