Stop loss is not a tool for making money, but a psychological boundary and a qualification for rational trading. It is not used to predict the market, but to control oneself and prevent emotional loss of control. Stop loss helps traders to stop when they are wrong and continue when they are right; it is a key component of the trading system.
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stop loss: psychological boundary, rational qualification
Stop loss is not a tool for making money, but a psychological boundary and a qualification for rational trading. It is not used to predict the market, but to control oneself and prevent emotional loss of control. Stop loss helps traders to stop when they are wrong and continue when they are right; it is a key component of the trading system.