Definition of “ALWAYS”
We all understand this simple word ” ALWAYS ” in English , I believe.
However , during trading this may turned into an alien word. Many of us probably have ” Always use Stop Loss ” written somewhere in our trading rules. Some perhaps feel it is just good enough to mentally record this key phrase in their mind.
Regardless you have it written on paper or have it recorded into your head , the reality during trading can be a totally different matter. Do you agree ?
Probably you can remember some of the common phrases that either you yourself mentioned before , or that you heard from fellow traders …
The followings are some of the common phrases that might sound familiar to you …
I always got stopped-out , so I won’t use them.
Everyone is putting their stop-loss at the same price , and that will make the market makers take out my stop , that’s why I don’t use stop this time.
I don’t use stop this time because I am watching the market very closely …
