Most traders don't make money because of the STOP LOSSES everyone whispering into their ears. Because before a trade moves your way it usually moves the opposite as people in the market they have to make money from you and they know they're going to close you out because most of you have tight stop losses.
So you never get to make money.
I would say if you are confident about a trade, don't have tight stop losses, have a big big gap between your stop losses, so if it goes down and it backs up to where you want you still in the trade and you are not taken out.
I would say Stop Losses is the main reason why most traders don't make money even when they get it right, when they know the direction is right and you still get taken out because of your stop losses. I would say don't listen to anyone who says have really stop losses, if you are confident don't have tight stop losses you will lose money even if you are right in guessing the direction.
They have some good ideas sometimes but I would say if you are not sure about your trade then don't do it.
If you have a position that you know over the weekend or whatever some massive political even is going to happen and by the time you can catch with it, it's too late you are wiped out so in that case it's good to have a stop loss but still I would say don't have your stop loss too tight, you have to judge where you are, what time of year you are, watching what's going on geopolitically whether it's safe generally to keep your position open with that tight stop losses.
I would say if there is a research done, people would find is the main reason when they guess the market direction right, they may never make money they get taken out and the people who run the market, they know their game, they know if they go down before they go up, they've taken you out.
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