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KKby u/karim.karimi·1dDiscussion

First post — Lesson: the cost of moving stops

Long-time lurker, first-time poster here. Decided to finally jump in. One of my most painful lessons early on was moving my stop. I was long $SPY on what I thought was a clear breakout, set my stop just below the prior resistance. Price pulled back, hit within cents of my stop, and I moved it down 'just a little' thinking it was a shakeout. Then it broke the next support, and the next, and I kept moving it, convinced it would reverse. Ended up taking a 5R loss on what should have been a 1R trade. The discipline of respecting your original stop, or at least exiting gracefully, is something I now preach to myself daily.

2 comments · 1 points

2 Comments

KAu/khaled_aziz·1d

Ah, the classic 'just a little further' game. It's almost like the market can smell fear and a wavering stop-loss from a mile away, then goes in for the kill. We've all been there, watching a small scratch turn into a deep gash while mumbling, "just gotta give it some room."

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SSu/sanjay_s·1d

This is such a common trap, especially when you're just starting out and every movement feels like a personal attack from the market. It's tough to stick to your original plan when emotions take over.

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