The psychology of stoploss Back to list

Member SinceJul 08, 2021

Posts 155

Kihn

Oct 11, 2021 a 16:45
Also in my own situation, I didn't like that idea of getting to a loss through a stop loss, but my view has changed because it is better to use a stop loss than not use one. If you lose a little part of your trade, you can still carry on with your trade. After all, trading is all about profits and losses. Maintaining this mentality is the key to success. You may want to stop readjusting your stoploss and taking it further because the price could chase you.

Member SinceJul 12, 2021

Posts 182

meni78

Oct 13, 2021 a 13:20
The concept of a stop loss is to help you handle losses. While losses are inevitable as there is always a level of risk when trading, at least with a stop loss in place you will be able to exercise some contorl on losses, and if they do occur, you will lose a certain amount which you can handle.

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