Some of yall REALLY need this thread right now. Trading without a Stop Loss is like sex without a condom or marriage without a prenup. It's assinine. What do I always say? Capital preservation FIRST! You should not be bag holding or really losing any more than 10% per trade.
Whether it's a trailing stop on a run or even just utilizing a mental stop loss, planning your trades ahead of time will save you from "bag holding". I love yall too much to keep seeing this happen. https://www.investopedia.com/articles/active-trading/020915/mustknow-simple-effective-exit-trading-strategies.asp
Simple and Effective Exit Trading Strategies

An effective exit strategy builds confidence, trade management skills and profitability.

https://www.investopedia.com/articles/active-trading/020915/mustknow-simple-effective-exit-trading-strategies.asp
Now once you've honed your craft, there's room to play in the grey. For instance when I'm swinging a ticker I know it inside and out; I know the whys and whats of each dip and run. I know where support is and if she's being shorted. I can buy the dip and ride it out.
But please for the love of all that is holy....STOP TRADING UNPROTECTED. Wrap it before you tap it baby.

The end. đź’‹
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