Originally posted by: The_Best
Stop loss scares me too. I actually did few trades without knowing anything about trading last year as I had just discovered Long and Short. I was very curious, excited and tried those without knowing anything about trading. Sometimes I would get lots of profit and then I would get greedy for more profits and keep holding the trades for more and then it would stop me out. Or, I would get loss but keep holding hoping for recovering while the loss would keep increasing. I was basically gambling and trying trades without know what and how to do trading, and many times I wouldn’t even put a SL. After I lost some money, I was like I need to be serious and can’t do this anymore. I then asked someone I knew who was a trader and did it for a living. She then set me up and gave me the file for ICT core content as it was still a private mentorship at the time. I started watching and studying since then. Because of that loss experience I then got a fear of loss a bit. But it’s getting lessened ever since I saw how I was stopped out very few times compared to the win trades I had on demo. I was rarely stopped out. So going over that, I now put the SL and much better thankfully. The studying and practicing for months and then doing demo for months have helped me. You should study and take notes first and keep testing to practice the concepts on tradingview. Then do demo for few months until you are profitable but treat your demo account like a real trading account and take trades. These all will help and only then try live trading. Also, I forgot tradingview does have an app for Apple and Android too.
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