Quote from: BlazingHashes on October 24, 2020, 07:49:52 PM

I wish I read this topic 2 months earlier. From August 31st, my account kept falling steadily from day to day, but because I always hold a thin ray of hope, I removed the stop loss many times. I think analysis the setpoint and placing the stop loss is a factor, the most important thing is to build a spirit of discipline to always apply them.

It is too late to correct that mistake but at the same time it is going to help you for the rest of your trader and investor career, as long as you do not lost all your capital then you are still good, and it is important that you never forget this lesson, when it comes to our stop loss we need to be inflexible once it is hit you need to sell, no questions asked, just do it and while it is painful to lose some money and then see the market immediately recovering the stop loss is designed to protect you from big losses and not from the small ones, since the former are the ones that can destroy your account in a matter of hours or days if you are not careful.