Moving Your Stoploss? Try This Drill.
How to stop sabotaging good trades by meddling with your stop.
Picture this.
You get into a trade…it starts working…
And then you think to yourself, “hmm I’ll just move my stop up to ‘protect my gains’”…
STOP MOVER
And so you move your stop up “just in case”…
You tighten it because “it shouldn’t come back here”…
You trail it too close because “you don’t want to give back profits”…
And yep, before you know it… pinged out…then of course it runs without you.
Familiar?!
I thought so…we’ve all done it.
So, here’s a challenge for you:
Try the Leave Stop Drill
Set the stop.
(Wide. Logical. Out of the way.)
Then… leave it.
No touching.
Just accept the risk, the trade will either work or it won’t.
Because when you keep getting pinged out
It’s probably not your entry…
It’s your need to intervene.
And most of the time, that decision isn’t a strategic one, it’s emotional. (Albeit subconcious.)
Fear of turning a winner into a loser.
But that fear is precisely what strangles the real move.
If the trade’s working, give it room to breathe!
If it’s not, well, the stop you placed initially will take care of that.
Try it, it’s not forever, but it might shine a light on something that’s an easy fix.