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 , and if anything goes wrong I will know how to react.
• I used a stop-loss the last time I traded this stock and I got stopped out , only to see the market make a big move thereafter … so this time I won’t use a stop-loss.
• Forget about the stop-loss in this trade , I will turn this trade from a daytrading into swing trade. Trend is still bullish , my trade should be alright tomorrow morning …
• My stop-loss is too close to the current price , let me adjust it or remove it …

See , how difficult trading is ? We have rules , but we always break the rules. The rule of Stop-Loss is the most difficult one to follow. Isn’t trading more of emotion rather than technical skills ?

I love this oldies - ” You are Always on my mind “ …

Try singing this song to your loved ones and sense the real meaning of ” ALWAYS ” …