Winning with the Stop Loss | Stocks for Breakfast
In today's episode of Stocks for Breakfast we discuss how professional traders use the stop loss to maintain consistent account growth.
How Winning Traders Correctly Use the Stop Loss
You are accepting putting money at risk as a part of doing business just like any other business owner. You are spending money to make money.
What this translates to is that when it comes time to execute a stop loss you will do it unemotionally because you understand it is a part of doing business.
The most common reasons traders blow up their accounts are too much leverage relative to their skills and not truly accepting the risk.
