You blew your account not because the direction was wrong, but because the stop loss was not set correctly.
Yesterday, an old fan of mine said it well:
"We did well on our stop loss points this time; if we had just randomly entered, we would have blown up long ago!"
I laughed: stop loss is not about preventing losses, it's about preventing disaster.
Many people enter trades, see the direction is right, but still blow up. Why?
Because:
The stop loss is too close, and it gets triggered by a slight move.
The stop loss is too rigid, and they hold on without moving.
There’s no stop loss at all, just relying on the prayer that "it won't really drop".
You think you are trading; in fact, you are gambling with your life.
Real experts don't trade hoping to be right once, but they ensure that even if they are wrong, they can still survive.
A stop loss should be controlled within 2%-3% of the account,
Every entry should be paired with structural and rhythmic analysis,
A stop loss is not a fixed point, but a dynamic structure and signal resonance position.
My stop loss is not set blindly; it is calculated through a complete set of models:
Entry → Volatility assessment → Major order analysis → Drawdown tolerance → Deriving the "extreme defense level". This is called professionalism.
Brother, it's not the direction that's scary; what's scary is not leaving yourself a way out.
