How to be okay with taking a Stop Loss?

Discussion in 'Psychology' started by Valencia333Raul333, Aug 19, 2021.

  1. SunTrader

    SunTrader

    Chic is not quite the word I was thinking. ;)
     
    #101     Nov 4, 2021
  2. twstn

    twstn

    I agree!
    It is as simple as this drum pattern! Not really a fan of this song but I can't argue that this is simply tight!

     
    #102     Nov 4, 2021
    radex78 likes this.
  3. Overnight

    Overnight

    No, it is simple as this song!

     
    #103     Nov 4, 2021
    twstn likes this.
  4. momo3HC

    momo3HC

    Or even don`t go in the hole at all.
     
    #104     Nov 7, 2021
  5. Maybe he is the legend, but life is sometimes not simple like as it seems on the face, the legend only in memoriam, should he say thank you for loving me. Sorry I am back to my chart

     
    #105     Nov 7, 2021
    dorcaslugo likes this.
  6. Stop Loss is one of the tricky parts of forex trading. Some traders use it, and some don't. Yet ironically, even if you are a newcomer or not, you should know about the Stop Loss. Stop Loss protects your capital from getting wiped out. At the same time, it will also help you control your loss. Trading without this safety will only result in disaster.
     
    #106     Nov 8, 2021
  7. twstn

    twstn

    Song covers are like the service The Wall Street Now offers. We produce the original trading signal and people can follow or make a "cover". And maybe become legends! :thumbsup:
     
    #107     Nov 8, 2021
  8. I think each trader will become a legend, at least for family, but they have their own way to becoming a legend, now I try to move on the way with my vehicle FXOpen, indeed sometimes the road will bump and not always smoothly, but at least take place in the destination.

     
    #108     Nov 8, 2021
    twstn likes this.
  9. tomas262

    tomas262

    If you have problems with stop-losses consider switching to stock trading with ZERO leverage or lower the risk with a leverage product to absolute minimum until you feel ok with that. Now I run a portfolio of at least five automated (mostly mean-reversion) strategies and none of them uses stop-loss. For what would I do that? When compared to futures it is a completely different game for me. The stop-loss is usually the worst ever price to exit a stock position ...

    Besides that I trade micro futures and enjoy stop-losses quite a lot while having RR 4 times risk :D It's just cost of doing business. You want to do business right? Then there will be cost

    Imagine opening a new coffee shop for example. You need to spend tens if not hundreds of thousands just to have the fucking "OPEN" label at the front door. Can you call that a loss?
     
    #109     Nov 8, 2021
  10. twstn

    twstn

    I agree! For family! Godspeed for your vehicle! :thumbsup::thumbsup::thumbsup:
     
    Last edited: Nov 9, 2021
    #110     Nov 8, 2021
    radex78 likes this.