So it has zero fukall to do with anything trading related like trend following or scalping. About time someone got you to admit you are couching a philosophy of life into important-and-wise-sounding altruisms about trading scenarios so banal it is embarrassing.
Is catching the trend early risky? Should stop-loss be more liberal? Not a reason for voting Trump. If you got no turning point 'V' where to put your stop loss, Then you're not catching the trend early but fighting the tape. I'd say it's not risky if you fade counter trend. The reward to risk is in your favor.
My stop loss never hits for the following reasons 1. Liberal stop loss (shows my confidence in my strategy) 2. Trading only on major Index (non currency) 3. Trading only with early trend 4. Early support/resistance as trend confirmation 5. First and foremost recognising the sideways movement to avoid misreading it as early trend Probably I am the only person on ET or may be in the entire world who says "My stop loss never hits" I trade on options on major Index. My stop loss is 10%. My last two trades made 5% each on a sideways market. Usually my trade makes more than 5%. This is what liberal stop loss means. I can make some profit even in sideways market because i am highly disciplined trader. Ofcourse it took me a decade to arrive here. I lately realised that if my stop loss hits then i am still an amateur trader.
"There is no secret ingredient. It's just you." - Kungfu Panda It boils down to "What you think is what you are. Change your thinking and change who you are. Whether you are an amateur trader or a professional trader is defined by your thinking." Ofcourse our experiences are the raw material, our thinking is the process and who we are is the product. People are like they want better results but unwilling to change their thinking. The result is "frustrated people". Thinking is the most painful task that's why people are lazy thinkers because they are constantly avoiding pain and seeking pleasure which is human nature. In the process of avoiding pain people are accumulating frustration which at some point makes them realise thinking is better than living a frustrated life. It seems like 98% of traders underestimate human psychology and that explains why a speculated 98% of traders not making money.
I don't believe it. No one has a 100% winrate. Certainly not someone who's actually intellectually honest.