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Always use a stop loss

Posted By On 10/23/2010 02:25:00 PM Under
This is another tip that many people, surprisingly, don't follow. Some traders think that if they don't use a stop loss they are more likely to make money because they are giving the trade room to possibly move against them and then come back in their favor. The problem with this is that what happens when the trade doesn't come back in your favor? It only takes one instance of this happening to blow out your trading account.
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