Stop-loss—does it mean admitting defeat?

Many people are reluctant to use a stop-loss,
because “as long as you haven’t sold, it doesn’t count as a real loss.”

But the market doesn’t care about your mental account.

A stop-loss isn’t surrender—
it’s following the rules you set before emotions got involved.
You’re not losing to the market; you’re winning a round of control over yourself.

Only those who can use stop-losses can keep surviving in the market.
Those who don’t will, sooner or later, give back all their profits in one go.

Which kind of person are you?

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