QuoteDislikedHad a trader friend, who trade without SL for fear of stop haunting,eagerly ,gingerly and confidently following the trend, only to find out that he is negative 15k.Would he had a SL, I m sure he would made a small loss but still stay in this game for a bit longer.
wow!, that's big! am sure he will never commit such mistake again.
I have discovered advicing traders wont work becoz of ego but once the mkt give us a big 'smark' we tend to take correction.
am sure the guy must have learnt and he wont do it again.
lesson for us all but am sure most wont take it!