🚨Stoploss not a safety🚨
Stop loss isn't a safe way for risk management. After setting a stop loss, traders think they've secured their trade and capital, but it's a myth. The market intentionally hits your stop loss through:
- Fake breakout
- Liquidity grab zone
- Liquidation
- Sentiment of market
- CPI data, PPI data, FOMC meetings
Pro traders don't use stop loss; they rely on TA, analyzing with confidence. They DCA, hedge, and make trades profitable.
Analyze market:
- Technical analysis
- Fundamental analysis
- Sentiment of market
- 500 index, 200 index
- Dollar market
Keep an eye on these and make trades successful.
DYOR.