DislikedIt is absolutely important to have a SL.
Before you enter a trade, you need to know where your exit is, otherwise you are bound to fail.
Another point i want to make is, i see many people making the mistake of setting their SL based on a fix % of their capital, in order to follow the 2% rule, which i think is a good rule, except they are approaching it from the wrong side, instead of placing ur stop loss in at a random level so that you only lose 2%, place it at a logical level, and then adjusting your position size to then equal 2% once...Ignored
Most new traders think they have to bet big to win big, not always the case.
If you trade like me, you'll be homeless and broke within a week.
Goldilocks All Time Return:
17.0%