The importance of setting a protective stop❗

All long-term trends start with short-term movements.

The market does not leave room for any subjective wishes. The market always evolves on its own and never considers your ideas or your positions.

Knowing that you are wrong is worse than making a mistake. It is better to give up your point of view than to lose money. Being able to find out your mistakes early is an ability to be proud of. Exiting the market because of stop loss is admitting mistakes. People are blinded by their arrogance and vanity and are unwilling to admit mistakes. Good traders will not cling to their views. It is said that Warren Buffett, a famous private investment expert. There are two mottos. 1. Keep the principal, 2. Never forget the first one.

The stop loss order is synonymous with the first one. Your resources are limited, and you must maximize the use of resources. At the very least, you must protect your resources. If the market you are in moves in a direction that is not conducive to your position, it is time to exit. If you have a green mountain, you will not be afraid of running out of firewood. You can find a better opportunity to start over. You should regard the stop loss as the cost of this business. #BTC🔥🔥🔥🔥🔥 #ETH🔥🔥🔥🔥🔥🔥