How to be okay with taking a Stop Loss?

The SL is a MUST. Losses are part of the game. We can`t win them all. With a good money and risk management all will be fine.

 

I can’t think of trading without a stop loss. It doesn’t only limit my losses in unfavorable conditions but also gives me the confidence that I won’t lose more than I can afford to.

 

Don't over-leverage and you won't need a stop-loss.

 

If you do not want your to blow off completely, then think about using stop loss, it is very useful.

 

Treat it as a business expense rather than a loss.

 

No stop loss only margin calls ?haha
That's risky, your emotions wouldn't let you pull out with a loss.
Most traders than become investors when they go in drawdown and then they don't want to cut their losses hoping it will go back to green one day.

 

And what is over-leverage exactly mean for you?

 

I detest losses. The only good thing about losses is they save you money.

 

The only good think about SL’s is you can climb back out of the hole easier.

 

The only good thing about SL’s is they allow you to reset psychologically; regain composure if the market shook your emotions, rattled your confidence, or provoked seeds of self doubt.