You might think this is obvious, but the truth is even seasoned traders have made this mistake. You are confident that you have read the market accurately, while your ego whispers: "No need for a stop-loss, I can handle it." But then...

  • Europe wakes up with new data.

  • The U.S. decides that the market needs a different direction.

  • Tensions escalate in the Middle East, spreading shockwaves to the market.

In the blink of an eye, your "perfect" trade turns into a costly lesson in humility.

Why you should never skip Stop-Loss?

1. The market never sleeps.

While you rest, the global market operates 24/7. Each region brings its own sentiments, news, and volatility.

2. Emotions overpower reason.

Without a stop-loss, you will face decisions driven by fear or panic when the market suddenly reverses.

3. Protecting capital is a top priority.

Trading is not just about seeking profit, but also about long-term survival in the market. A wrong trade without a stop-loss can wipe out the gains of many weeks, even months.

4. Unexpected events.

Black swan events, escalating wars, or shocking news can cause prices to plummet uncontrollably. A stop-loss is your safety net.

How to protect yourself?

1. Set and forget.

Always set a stop-loss at a level appropriate to your risk tolerance. This is a non-negotiable principle.

2. Adjust according to time zones.

If you sleep, consider potential fluctuations in other regions when setting your stop-loss.

3. Diversify your portfolio.

Do not focus all your capital on one trade. Diversification is a cushion against large losses.

4. Control your ego when trading.

You are not smarter than the market. Trade based on discipline, not emotions.

Even the best traders have fallen into the trap of excessive confidence. A stop-loss not only helps minimize losses but also provides peace of mind, allowing you to sleep well each night, knowing you have done everything to protect your portfolio.

If you want to trade without worrying about sleepless nights, consider my copy trading service. I manage risk, including stop-loss, with high discipline so you don't have to worry.

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