Winners and Losers of Stop Loss
Where is the difference?
The principle of stop loss is to control losses within a predetermined range to avoid further losses.
Wrong stop loss methods set stop loss points based on arbitrary numbers and never move the stop loss.
The determination of stop loss often relies on the fantasy of consequences.
The Secret of Losers
Knowing it's wrong, still stubbornly holding on, fantasizing that a miracle will happen.
The Secret of Winners
Knowing it's wrong and knowing when to run, and running very fast.
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Are you a winner or a loser of stop loss?
You must first learn to stop loss to protect your principal, and then learn to take profit to steadily increase your earnings.
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