Don't be stuck in letting losses run and making winning trades cut earlier
Avoid moving stop loss or not having an stop loss completely, over riding your system
When your trade is in a loss , you recall the positive outcomes more easily your brain becomes optimistic
In a winning trade we become risk averse
In a losing trade we are risk seeking
It's completely natural
Choice to move SL and recover or leave it limits loss. Choices depend on memory, memories of trading reversing back into profit are positive and prioritized
It's not a reflection of discipline it's based on the information in your brain it's a memory issue not a discipline issue it's natural human behaviour
Occasionally moving your SL will work but in the long run you'll experience a catastrophic loss
Document your whole system and follow it
Avoid moving stop loss or not having an stop loss completely, over riding your system
When your trade is in a loss , you recall the positive outcomes more easily your brain becomes optimistic
In a winning trade we become risk averse
In a losing trade we are risk seeking
It's completely natural
Choice to move SL and recover or leave it limits loss. Choices depend on memory, memories of trading reversing back into profit are positive and prioritized
It's not a reflection of discipline it's based on the information in your brain it's a memory issue not a discipline issue it's natural human behaviour
Occasionally moving your SL will work but in the long run you'll experience a catastrophic loss
Document your whole system and follow it
