Commitment to Entry and Exit Points and Stop Loss
Success in trading relies on discipline in respecting entry and exit points and using a stop loss.
Importance of Stop Loss:
- 🔒 Protects capital from significant losses.
- 🧠 Reduces emotional decisions such as greed and fear.
- 📈 Helps maintain continuity in the market and achieve long-term profits.
Tip: 🎯 Set your stop loss according to market analysis, not based on your feelings, and adjust it only when securing profits.