
Maintaining Composure in Drawdown, Detaching Yourself From Your PnL & Technical Analysis Pitfalls | Alejandro & Noah's Essential Themes, Tips and Tricks of Trading
Trading Camp - Investing Like Champions
The Pitfall of Moving Stop Losses
This chapter discusses the common pitfall of traders moving their stop loss to entry when they see a small profit. It explains the fear-driven behavior behind this action and highlights the missed opportunities it can result in. The chapter also touches on instances when moving the stop loss can be beneficial and emphasizes the importance of planning and detaching emotions in trading.
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