Stop Loss Winners and Losers
What's the difference?
The principle of stop loss is to control losses within a predetermined range to avoid further losses.
Wrong stop loss method, set the stop loss point based on an arbitrary number and never move the stop loss.
When deciding to stop loss, use the illusion of consequences method.
loser's secret
Even though he knew he was wrong, he still carried on and imagined that a miracle would happen.
winner secret
When he knows he is wrong, he knows how to run, and he can run very fast.
Are you a winner or a loser with your stop loss?
You must first learn to stop losses in order to keep your principal, and then learn to stop profits in order to steadily increase profits.
