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bullmarket:  That sounds simply silly to me.  If you applied that principle of paper loss as representing real loss then, unless you have  some pretty extraordinary talents (?)  you are going to feel frustrated a lot of the time.  If you were a trader, or even a n investor who buys and sells reasonably frequently (which we know you are not) how often do you think you would pick the top.?

I understood Porper's entirely logical suggestion was simply a means of avoiding a loss by setting a breakeven point.  Really don't know why you couldn't just accept that.

Maybe I'm missing something here, but it didn't appear to me that Snake had quoted you out of context.

Julia