Stop-loss—is that admitting defeat?

Many people don’t want to set 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 accounting.

A stop-loss isn’t admitting defeat—
it’s executing the rules you set before you got emotionally involved.
You’re not losing to the market; you’re winning against your own lack of control.

Only those who can use stop-losses can keep surviving in the market.
If you don’t use stop-losses, sooner or later you’ll give back all your profits.

Which kind of person are you?

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