Even Professional Traders Make this Big Mistake!

#trading #daytrading #stockmarket

[shaymashiach]

100%
My biggest losses happened this way.
Our minds will play tricks on us to avoid the pain of realizing a loss.
Hard stops are our protectors.

[jimyry]

Most of the “gurus” make their money from selling online courses, this is legit the only guy that doesnt sell courses and offer great advice

[smartmoneymentality]

Bruhhh that information alone is so underrated it’s one of the biggest reasons why an account is blown

[Tylerroy_]

I've learned it the hard way.... thanks for this💯💯

[davidreuter]

I’m lucky, from day 1 risk management was instilled in me before even placing a trade…….a traders number one priority is - Protect your capital! Never trade without a stop, never risk more than 2% (I only risk 1%), and never er put more than 5% of your capital at risk at any one time (no more than 5 open trades), that was my introduction to trading….not buy here or sell here!

[salmanthegreat]

What begginers do that is they put Mental stops, and when the price reached their stop they think that it will reverse and until they donot wipe out their account. So what should they do is put limit stop and when price reaches the stop loss accept that they were wrong

[rohanskoshti]

After 3 years wasting in trading and realising that mental stops cannot be followed, I finally started putting a system stop..and you know what, even if it hits my stop, I don't feel as sad as I used to..because when setting the system stop I already have acknowledged that I will lose this much amount of money if my stop hits..

It's the only way to trade..

[geraldceo]

I believed in forex because of this guy, No courses, no signals etc, only advice 😊❤

[kellis]

Not having stops has cost me a lot of money. The thing I didn't like about stops was getting stopped out and then watching the stock move in your original direction.

[deancarboni]

How many times have you placed a stop while scalping or intra day.. price blips up, stops you out then continue lower..
It's a double-edged sword ..if you didn't have a stop placed, the move was so quick even though price went past your exit you'd still be in the trade

[MusafirOne-xq]

I am Already Big Loss Trader, , No More Money 😔

[Ironboots]

Had I only heard these words of experience 8 months ago. It’s a real phenomenon.

[MatRocket]

I see where you’re coming from, but sometimes I will take small size and place a mental stop visually on the charts and act on it to build discipline

[jigarpatel]

What about for scalping strategy? In the trade for seconds to a few minutes only . Can't have two sell orders in at once right? Can't clear the limit stop order in time and also take profit very quickly. Might get out too late. Any way to solve this?

[viralshortsr]

I'm still suffering from mental stop syndrome 😢😢... Hope this video helps me. Thanks

[sailorchriscam]

Also, it doesn’t address market surprise.. that stock you wanted to sell at nine dollars on a stop might instantly be trading two dollars on News

[Iron-Brow]

I don't limit stop bc of stop hunting...

[RonBlauvelt-jq]

Algorithms go hunting for your stop losses.. take emotion out and use your mental stops. If you can control emotions learn to do something else

[ghosttheprogram]

This hits hard
Made over 200% then blew 50+% cause I didn't know (was too proud and sure if my edge) to use a sL

[Zypherr_r]

This Guy Trades Forex with GFT which gives him better profit and DD ratio than rest of the Firms