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Physiological reaction to stop loss
If stop loss is not set within 3 seconds after placing an order → close the position immediately! Slow hand speed is a physiological manifestation of insufficient cognition.
This hits hard but it's true. Setting stop loss immediately should be second nature.
Hitting your stop-loss can feel like a hit in the belly, with your heart beating, palms sweaty, and a want to break the rules and re-enter the trade. If left unchecked, that instinct can demolish your profits, new traders frequently lose up to 90% without competent coaching. Trading becomes much more manageable when you have someone to keep you calm and accountable. Ivy Klementich (IvyKlementich) on telegrams can help with this. As my personal advisor, she has taught me how to implement effective risk management strategies based on stop-losses and create the mental fortitude to stick to the strategy. Ivy's adaptive tactics are suitable for beginners in every market, allowing you to trade confidently rather than panicking.
