How to best deal with a trade going the wrong way

"Trading with Stop Loss" VS "

Trade without Stop Loss"

Which type of trading is better??

Risky issue Very risky 👣 555+

Because it is a topic that has been debated a lot during this period, attacking each other, attacking each other, teasing each other throughout the year.

Before answering the question, What's better? Let's understand Stop Loss in a simple way for a moment.

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🔺 Stop Loss is risk management. By accepting a loss of a certain amount of money that the trader can accept.

Therefore, Stop Loss is classified as one of the most easily understood forms of Money Management.

There are many types of Stop Loss, just as there are many types of Money Management, such as:

Stop Price - accept a loss when the price is equal to ...

Stop Time - accept losses as time passes...

Stop Signal - accept a loss when there is a trading signal on the opposite side.

Wrong way should have SL every time. Because enduring dragging fails a lot more.

Not allowing the port to be cleared It is considered to be a type of Stop Loss usage.

This comes from some form of capital management. that has separated the funds in the traders "Accept the loss" has been stated before.

Here, I want to emphasize that "Accept loss" has many forms and methods, not just using Price level (Price) only, as many people understand.

Each form has different methods of use, advantages, disadvantages, limitations, objectives, etc.

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🔺Finally, the answer from my point of view is

#Every good trade should always have a Stop Loss. When going in the wrong direction, give up at the beginning of the wind. Don't endure the drag!!! Don't drag, don't wash, memorize it by heart.

Now, it's up to us to figure out how much we understand about Stop Loss... and how to choose to use it appropriately. With our own trading style....

For example, Grid also has Stop Loss. It's not that they don't have it.

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Plus another point. About setting Stop Loss

We set Stop Loss because #we traded the wrong way. #We accept the loss.

Not because I don't want to lose 😁

This time we lost, we must win next time. Keep fighting.