importance of stop loss and stratergy rules
the above trade i took this morning failed it hit the stop loss
Was this losing trade really that bad?
The answer is no—and here’s why. I followed my trading plan exactly as intended. I only risked 3% of my funds,
with stop-loss and take-profit levels set according to my risk profile.
No trader wins every trade; I personally win around 63%. Yet, thanks to my risk-to-reward ratio, I remain consistently profitable. The real key is discipline—doing the same thing every time. Learn from mistakes, be patient, and judge each trade on its own merits.
I’ve already accepted this loss and moved on to my next setup.