Trading is risk management as simple as that.If you do not stop a losing trade and continue hoping that the market will come back, you are wrong.That is why you should think of stop loss order before even you put on a trade. The stock price is volatile. So if you wait too long, you will lose more money than planned to lose if you are wrong.My advice is to be careful. Do not give your money for free to other traders.Do what you can do to stop that.
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