UnitedSignals

Stop loss is your enemy?

Education
FOREXCOM:EURUSD   Euro / U.S. Dollar

One of the most common misconceptions in trading is that your STOP LOSS is your ENEMY.

But in fact, the opposite is true. Stop loss is your best friend

There will always be losing trades because they are part of the trading system. You cannot avoid them, but you can CONTROL the losses.

Stop Loss is a defense mechanism designed to get you out of the market at the PRESERVED PRICE and LOSS that you planned.

Exiting a stop loss certainly doesn't make you a bad trader.

When a trade goes against you, you are the most vulnerable in terms of irrationality and emotional instability. SL (Stop Loss) exists to get you out of the market safely and securely before your emotions get the better of you and further damage your account balance.

Most newcomers to the market make the same mistakes ... Always increase the SL size, add more positions at a loss, and risk most of their accounts for a few trades.

Always adhere to 1-3% RISK PER TRANSACTION.

The key to the game is longevity.

By understanding that your SL is your savior, you can release the emotional tension of a losing trade and instead maintain maximum clarity on your charts to quickly move away from PRE-CALCULATED losses as a simple part of the process.

With the right RISK / PROFIT RATIO and adherence to the RISK principles of 1-3%, you can get more losing trades than profitable ones, but at the same time remain a profitable trader 💰

Your worst feeling is greed.

Keep your losses minimal and you will quickly find that your trading will improve tenfold by simply exiting the market when it no longer matches your preconceptions and plans.

❤️Please, support our work with like & comment!❤️

✅ Subscribe to our Free Telegram Channel 👉👉👉 t.me/UnitedSignalsFX

💰For Free & Premium Trading Signals ➡️➡️➡️ t.me/UnitedSignalsFX 💰
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.