📉 Stop loss is the border between trading and self-sabotage
Everyone put a stop. And everyone has taken it off at least once.
— "He will fight back now"
—"Well, I'll wait a little longer"
—"I see that the volumes are coming..."
This is how the illusion of control is born!
And behind it is pain, regret and empty balance.
🔍 Example: a trader goes long on BTC at $65,000, counting on a rebound from the support. The stop loss is at $63,800. But the price goes lower.
He looks at the chart, at the order book, looking for confirmation. He decides: "Well, okay, I'll lower the stop by another $300, what if they buy it out now."
BTC drops to $62,500. Panic. And now the trader no longer controls the market – the market controls him.
As a result, it was -5%, although it could have been -1.8%. And it would be okay once. But this pattern is repeated. And each next one is not a mistake, but a habit.
🧠 The real stop loss is not placed on the chart. It is placed in the head.
When you move it, you don't move the line. You're erasing your rule.
📣A professional is not someone who is always right, but the one who knows how to admit in time that he was wrong. And get out.
Guys, do you like that type of posts? Let me know in comments!
⚠️ This post is for educational and informational purposes only. It does not constitute financial advice or a recommendation to buy or sell any assets. Do Your Own Research (DYOR).