Stop-loss is the last line of defense
On the first entry, use only a small amount of capital to probe. After you become profitable, only then gradually add to your position—keeping the principal uninvolved in any rolling. If your direction is right, let the profits run on their own. If your direction is wrong, cut it off immediately.
A stop-loss isn’t admitting defeat; it’s giving yourself the right to return to the market. People who don’t use stop-loss don’t lose to the market direction—they lose to their own wishful thinking. When you experience consecutive losses, stop and don’t let emotions take over your decisions. Daily review isn’t meant to find the next opportunity; it’s meant to see whether your actions have drifted. $HYPE
Most people who get fully liquidated didn’t make the wrong judgment—they felt they could still hold on. Those who manage to survive aren’t just lucky; when it’s time to leave, they truly do. #AppleChipShortageHurtsSalesForecast $LAB
On the first entry, use only a small amount of capital to probe. After you become profitable, only then gradually add to your position—keeping the principal uninvolved in any rolling. If your direction is right, let the profits run on their own. If your direction is wrong, cut it off immediately.
A stop-loss isn’t admitting defeat; it’s giving yourself the right to return to the market. People who don’t use stop-loss don’t lose to the market direction—they lose to their own wishful thinking. When you experience consecutive losses, stop and don’t let emotions take over your decisions. Daily review isn’t meant to find the next opportunity; it’s meant to see whether your actions have drifted. $HYPE
Most people who get fully liquidated didn’t make the wrong judgment—they felt they could still hold on. Those who manage to survive aren’t just lucky; when it’s time to leave, they truly do. #AppleChipShortageHurtsSalesForecast $LAB