I'm currently playing 2.50-5$ on FT and was just thinking about what a good stop-loss limit would be. I'm just starting off at these stakes so its kind of low right now. Tonight I won $266 and quit; I think partially due to the fact that I'm just coming off of a downswing and am playing a bit more cautiously than usual. Whats your stop-loss set at currently? What factors in when sussing out where you're going to set it? Conversely, for those reading this that don't have a stop-loss or don't believe in stop-loss what is your take on feeling that it is unnecessary?