BitEagle Trading Experience: Why should we learn to stop loss

Remember a simple trading rule: stop loss in time and let profits run.

We often see many brothers who lost several years of income due to a careless transaction and did not stop loss in time.

Buy Fil at a high price, buy EOS at a high price, do not stop loss, hold for a few years, and eventually lose all your pants.

Some people start shorting BTC at $20,000, do not stop loss, and lose all their pants.

Why are you unwilling to stop loss?

Because you take a single transaction too seriously.

A single transaction is just one of the 10,000 transactions in your life. You will not die if you lose once. The key is not to lose a lot.

Another reason is that self-esteem is linked to trading.

You try to avoid losses to support your self-image.

Even if you lose, you have to save face.

Your money is limited, but investment methods are diverse.

Once you stop loss, you can freely look for new opportunities to make money and no longer be tortured by losses.

Stop loss is not failure, they are feedback, and feedback allows us to move forward.