DON'T GO TO SLEEP WITHOUT A STOP-LOSS 🚨📈
This may seem obvious, but it happens—even to the most experienced traders. You’re sure you’ve perfectly read the market. Your ego whispers, 'You don’t need a stop-loss. You’ll manage.' But then…
Europe wakes up with new data.
The U.S. decides the market is moving in a different direction.
The war in the Middle East escalates, sending shockwaves through the markets.
And just like that, your 'perfect' trade turns into an expensive lesson in humility.
Why you should never skip a stop-loss:
1. Markets don’t sleep: While you’re resting, the global market operates 24/7. Each region brings its own sentiments, news, and volatility.
2. Emotions overpower logic: Without a stop-loss, you’re left with decisions driven by fear or panic during sudden moves.
3. Capital protection: Trading is about longevity. One bad trade without a stop-loss can wipe out weeks—or months—of progress.
4. Unexpected events: Black swans, escalations of war, or news bombs can send prices into freefall. Stop-losses act as your insurance.
