Putting the stop order in the system is always safer than manual stop! As Sumo said in his post market is cruel. No matter what discipline we follow it is hard to manage the trade once it goes out of control. Mental discipline will only work until one candle takes 60000/Rs from your pocket(have experienced). Will you book this loss, no way! and what happens then, more mistakes!
In many cases stops are put according to the risk appetite whereas they should be put according to the support lines.
Hitting stops in the system ensures that your capital is protected to make more money whereas mental stops ensures that one day you will not have any capital to make money!!
In many cases stops are put according to the risk appetite whereas they should be put according to the support lines.
Hitting stops in the system ensures that your capital is protected to make more money whereas mental stops ensures that one day you will not have any capital to make money!!
