“Yet people still choose the ‘proper cut loss’.”

If you have read up to this point,

you probably have a faint realization already.

“Correct stop-loss”

is theoretically correct,

protecting capital does not necessarily equal it.

Even so, many people

place their stop-loss in the same spot,

get trimmed in the same way,

and reduce their funds in the same way.

Then why is that?

The reason is simple:

people prefer being told they are “right”

than being told they are wrong.

- What’s in the textbooks

- What many people are doing

- What professionals say

All of these are comfort-inducing materials.

Conversely,

the moment you deviate from them,

people are struck by intense anxiety.

“Is this really right?”

“Am I doing something strange?”

“Am I the only one who’s off?”

Therefore,

even if you’re not winning,

even if your funds are shrinking,

you cannot let go of the “correct stop-loss.”

Before doubting the method,

you doubt yourself.

And that anxiety

distorts your next entry,

slows your next decision,

and makes the next stop-loss even shallower.

From the moment this loop begins,

trading ceases to be

a matter of "technique" and becomes

an issue of managing emotions.

Here is one important thing to say.

This is

not a story that “stop-loss is bad.”

It’s not a tale of “textbooks lying.”

The problem lies in not having decided for yourself

why you place it at that position.

In the next discussion,

this sense of “not having decided for yourself”

will be examined more deeply to show how dangerous it is.

The answer is,

I won’t reveal it yet.

But,

if you have come this far,

you have probably reached a point where you cannot turn back.