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🔥A FEW THOUGHT OF STOP LOSS🔥
👋🏻Hey, my dear friends!👋🏻
The weekend has come, it means, that the markets are showing slow activity.😴
👩🏻💻 That’s why I suggest you a little self-development.👩🏻💻
✋🏻Today I want to tell you my thoughts about stop losses.🛑
Some traders don’t use stop loss, thinking that they work wrong and that’s inconvenient.
In fact, if your stop-losses are triggered too often, then you set them incorrectly.
📌 For this reason, never try to put stop as close to the entry point as possible.
📌But it’s also not necessary put it too far from entry point, since the desire to “wait out” does not lead to a successful result.
Many newcomers have another common mistake - they believe, that stop loss completely prevent the loss of money during transactions.
📎This cannot happen in principle - financial markets have their own rules, and losses here have always been and will be forever.
📌But over time, you can minimized it, by learning and development.💛💛💛 Believe you’ll succeed!
Many trading books often teach how to place stops at support / resistance levels.
📌Concept of setting stop loss at significant levels is correct. But at the same time, it can’t be set at the very level!
📌You should put your stop loss above / below the support / resistance level, respectively.
🔍🔍You can find my previous idea at the link below.👇🏻👇🏻
Stay with me✔👌🏻
Your Rocket Bomb 🚀💣
The weekend has come, it means, that the markets are showing slow activity.😴
👩🏻💻 That’s why I suggest you a little self-development.👩🏻💻
✋🏻Today I want to tell you my thoughts about stop losses.🛑
Some traders don’t use stop loss, thinking that they work wrong and that’s inconvenient.
In fact, if your stop-losses are triggered too often, then you set them incorrectly.
📌 For this reason, never try to put stop as close to the entry point as possible.
📌But it’s also not necessary put it too far from entry point, since the desire to “wait out” does not lead to a successful result.
Many newcomers have another common mistake - they believe, that stop loss completely prevent the loss of money during transactions.
📎This cannot happen in principle - financial markets have their own rules, and losses here have always been and will be forever.
📌But over time, you can minimized it, by learning and development.💛💛💛 Believe you’ll succeed!
Many trading books often teach how to place stops at support / resistance levels.
📌Concept of setting stop loss at significant levels is correct. But at the same time, it can’t be set at the very level!
📌You should put your stop loss above / below the support / resistance level, respectively.
🔍🔍You can find my previous idea at the link below.👇🏻👇🏻
Stay with me✔👌🏻
Your Rocket Bomb 🚀💣
🚀Join me : t.me/+aAADzO1OqsQ2MGI0
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💰 I'm using Bybit and I highly recommend it to You
bybit.com/invite?ref=7X0W2A
Boost Your TV account🚀
tradingview.com/pricing/?share_your_love=RocketBomb
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