I personally have a deep understanding of the problem of stop loss, because I am engaged in the trading industry, and I conduct financial transactions such as stocks, futures or foreign exchange every day, which makes me know the importance of stop loss. When I first came into contact with financial transactions, I was like most people. When the market doesn't run according to my expectation, I always want to wait with a shoulder. Maybe the turning point is in the next second, but often the result is the same, and the loss is getting bigger and bigger. This kind of experience should be experienced by people who do transactions. I usually keep this trading chart and read it every day, especially when I am hesitant in similar situations. I will look at these cases to stimulate my brain and let me know what the consequences are if I don't stop the loss in time. If I don't stop the loss in time, the loss may be greater than before. In this way, let your brain wake up quickly and gradually return to a rational state.
Not only in trading, but also in life, at work and in business, there will be mistakes. In fact, this is not terrible. No one can guarantee that every shot is correct, so it is particularly important to stop loss in time. In our life, we can try our best to downplay what we are facing and not pay too much attention to it, so that the pressure will be less and our minds will be clearer. Before doing everything, don't always think about what we will do if we succeed, but think about what we should do if the situation is wrong.
There is a saying in the trading world that I think is very suitable for all aspects, and that is? Cut in and cut out? It means that when you make this order, you should be prepared to cut the meat and stop the loss immediately, so is life. When you decide to do something, you should know clearly that the stop loss will be triggered at any time, so you must be careful with your stop loss plan.