Trading without a stop loss strategy is like driving without brakes. No matter how much you trust your analysis, the market can surprise you at any moment.
A good stop loss strategy not only protects your capital but also protects your mind. It allows you to stay in the game after a losing streak and prevents impulsive decisions driven by panic.
Set your limits before entering a trade. Stick to them. Adjust according to the context, but don't improvise in the middle of the storm.
Discipline in risk management separates consistent traders from those who just get lucky.
Remember: losing a battle doesn't mean losing the war.