Perhaps this can help you realize the importance of stop-loss:
⚠️ How much you need to earn back to break even after a loss:
- Lost 10%? You need to earn 11% to break even.
- Lost 20%? You need to earn 25%, buddy, take it slow.
- Lost 30%? You need to earn 43%, this is not a small amount.
- Lost 40%? You need to earn 67%, the pressure is mountain high.
- Lost 50%? You need to double it, 100% return to break even.
- Lost 60%? You need to earn 150%, this is already a big adventure.
- Lost 70%? You need a 233% return, that's an astronomical number.
- Lost 80%? 400%, buddy, this is already a myth-level path to breaking even.
- Lost 90%? Breaking even requires 900%, this is something that can only be realized in dreams.
- Lost 97%? 3233%, this is beyond what we mortals can imagine.