#OrderTypes101 **Beginner**: "I set a stop-loss at -5% to manage risks!"

*The market is reversing and is almost touching the stop...*

**Beginner** (nervously): "What if this is a false breakout?!" *— quickly cancels the order.*

*The market immediately plummets down by -20%*

**Beginner**: "Okay, now I'm definitely setting a stop! …but already at -25%."

*(Classic: a stop-loss is not just an order, it’s a test for the psyche.)*