Why do many people know that stop loss is important, keep it in mind, but cannot execute it?
That is because they don’t know. Knowing in the mountains and knowing outside the mountains are two perspectives
Knowing outside the mountains means knowing what may happen after the next step. Right or wrong is not important. If it appears, it appears. If it doesn’t appear, it doesn’t matter. It will appear with a high probability, but the step in front of you has not appeared
Knowing in the mountains means only caring about whether it appears in front of you or not, not accepting the results you don’t want to see in front of you, and not knowing what other situations you don’t want to see after it appears. You just hope for the best. What you want is that one chance, not the remaining 9999 in 10,000. Which one is greater, the probability of one chance or the probability of 9999 in 10,000?