Dead carry does not stop loss, resulting in the last A7 to zero overnight... This situation is not an isolated case, in real trading, the very brother does not stop the loss, which is tragic and fatal and helpless. Always firmly believe that every fall is a temporary retracement, every loss is the darkness before the dawn, as long as you die, there is always hope of returning to the capital, As everyone knows, this kind of obsession with carrying orders, as long as there is no way to carry it back once, The final outcome is bound to be liquidation, sooner or later. 01. The three major psychology that support losses and death Loss aversion: Behavioral finance has long revealed that the human sense of pain about loss is far greater than the happiness of the same amount of profit. Stop-loss means turning the floating loss into a real loss, which is as unbearable as cutting meat for the bearer. They would rather choose the "ostrich strategy" and bury their heads in the sand in the hope of a miracle reversal in the market, rather than face reality and suffer short-term pain. Sunk cost: "I've lost so much, and now the stop loss is too bad", this is the most common inner monologue of the bearer. They mistakenly use the money they have invested as a reason to continue holding it, are firmly held hostage by sunk costs, sink deeper and deeper down the wrong path, and finally drag the "small wound" into a "amputation" level disaster. Hope replaced: "What if it rises back tomorrow?" When ethereal "hope" replaces risk control, trading becomes pure gambling. The bearer paralyzes himself with good intentions, ignores the red flags sent by the market, and surrenders the decision-making power to luck. 02. Trading is essentially a game of probability. In an infinitely long trading cycle, it is almost inevitable to encounter extremely adverse market conditions (such as black swan events), and without the protection of stop loss, a sharp swing is enough to wipe out the account. Losing money will also cause a huge waste of opportunity costs, and valuable funds and time will be locked in a loss-making position for a long time, which will not only bear the continuous pressure of floating losses, but also miss the possibility of other profit opportunities. Top traders see stop-loss as natural as breathing, and this is not an admission of failure, but an active risk management. Successful trading is not about how much you make in profits, but about how to control your losses. Embrace small losses to capture big wins. Cut losses and let profits run. Only through the cost of trial and error with countless "small losses" can we filter out the trend market with real potential and capture the "big win" that is enough to cover all costs and create huge profits. 03. It's not always right to stop loss to let you cut meat, but it can guarantee that you can continue to survive in this game. Many people can't strictly enforce their stop-loss plan, and many people often change their stop-loss points when experiencing continuous stop-loss. Because they often say that the market has changed, who can be sure that a bad trade will not turn into a good trade, which is also the thinking of most people trading, they are worried that the market will start to move in the direction originally expected after the position is closed. However, if they don't cut their positions early, and wait for the market to go farther and farther, it may become more and more difficult, and finally encounter a big reverse market, because the dead will return to the pre-liberation period, and this huge loss will one day drive you out of the market. Most brothers who play trading usually don't know that trading is actually a losing game, the one who is best at losing will win in the end, trading is not gambling, treat it as a business to do, treat him as his life's work to do this, the usual constant small wear and tear is the cost of your business, you should minimize the risk and maximize the profit. Brothers, remember that 95% of the loss orders can be carried back, which is the reason for the higher winning rate of stable loss traders, but what about the 5% that cannot be carried back? Share!