Where to place your stop in Nikkei?

When I scalped Nikkei using 15-min chart, I realised that when I was on the right side, my stop will never be triggered. But when I was wrong, then 3 ticks' stop ( i.e. 15 points) is good enough to prove me wrong.

Of course, there were times that the market hit your stop and went back to your level,, or even worst, back to your profit target level. Well, when that happened, you can only blame it on your luck or timing of entry. See, trading is an art, not a science. That's why only 5% of traders are making real obsense money.

But most of the time, a three ticks' stop is a good guideline to prevent you from losing big. After all, successful trading is all about knowing how to protect your captial . And at time, the stop can also act as a good indicator for you to turn around. That your first decision is wrong and you should now act the opposite.

I always like this quote: : "Your first cut is always the cheapest!"