An avaerage or a normal fears stop loss as if he or she has seen suddenly a snake. Remmeber stop loss is our friend and is not an enemy as it is one of the mechanism to control the risk and it shows that the strategy has gone against an individual.
One can day trade to financial freedom provided one understands the mechanism of stop loss. Generallys top loss are provided a tad lower than support and what smart operators perform is that they make the stop loss hit and let the loose hands get out of the market and thereafter they ride the profit. Similarily while applying the stop loss one must keep it deep, however when giving the tips and if stop loss is deep than the guys should understand the underlying principle behind the fact that why the stop loss is deep and not immediately below the support.
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