Mind gets freeze when its come to taking stop loss.
I have observed during my stop loss triggering time that mind does not work, its like an accident happen and I have to surrender my capital and money to the market.
How to get rid from the problem of getting freeze when stop loss hits?
See first of all market is not for you if you don’t control over to you mind, don’t allow your mind to be supreme and allow market to be supreme always, its not option but necessity.
Taking Stop Loss :
- Think that at what situation you are at by not taking small stop losses.
- Think how you had given all your profits to market if not followed your stop loss.
- Think that trading career is going to be ruined if not followed stop loss properly with full discipline.
- Think that if you would take stop losses on time where your account would be in last 4 years.
- Think that taking stop loss is only option otherwise blowing account has been happening throughout years.