Death does not stop loss, resulting in the final A7 returning to zero overnight... This situation is not an isolated case, in real trading, it is tragic, fatal and helpless. Always firmly believe that every decline is a temporary retracement, every loss is the darkness before dawn, as long as you carry it to death, there is always hope of recovering your capital. As everyone knows, this kind of obsession with carrying orders, as long as there is no way to carry it back, The final outcome must be liquidation, sooner or later. 01. The three major psychology of supporting losses and carrying losses Loss aversion: Behavioral finance has long revealed that human beings feel more pain about loss than the joy of making an equal amount of profit. Stop loss means turning the floating loss on the book into a real loss, which is as unbearable as cutting meat for the person who carries the order. They would rather choose the "ostrich strategy", burying their heads in the sand and hoping for a market miracle reversal rather than facing reality and suffering short-term pain. Sunk cost: "I have lost so much, and now the stop loss is too lost", this is the most common inner monologue of the single bearer. They mistakenly used the funds they had invested as a reason to continue to hold them, were firmly kidnapped by sunk costs, and fell deeper and deeper on the wrong path, eventually dragging the "small wounds" into a disaster at the level of "amputation". Hope to replace: "What if it rises back tomorrow?" When the ethereal "hope" replaces risk control, trading becomes pure gambling. The bearer paralyses himself with good wishes, ignores the danger signals sent by the market, and gives up 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 unfavourable market conditions (such as black swan events), and without the protection of stop loss, a sharp fluctuation is enough to cause the account to suffer a catastrophe. Losses will also cause a huge waste of opportunity costs, and valuable funds and time will be locked in loss-making positions for a long time, which not only bears the pressure of continuous floating losses, but also misses the possibility of other profit opportunities. Top traders see stop loss as natural as breathing, which is not about admitting defeat but about proactive risk management. Successful trading is not about how much windfall you can make, but how to control your losses. Only by embracing small losses can we capture big wins. Cut off losses and let profits run. Only through the trial and error cost of 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. Stop loss is not always right for you to cut meat, but it can guarantee that you can continue to survive in this game. Many people cannot strictly implement their stop-loss plan, and when experiencing continuous stop-loss, many people often change their stop-loss points. Because they often say that the market has changed, who can be sure that a bad trade will not become a good trade if it is carried on, which is also the idea of most people trading, and they are worried that the market will start to develop in the direction originally expected after the position is closed. However, if they don't cut their positions early, when the market goes further and further, it may become more and more difficult, and finally encounter a wave of big reverse markets, because they will return to before liberation, and this huge loss will one day drive you out of the market. Most brothers usually don't know that trading is actually a loser's game, the one who is best at losing will eventually win, trading is not gambling, treat it as a business to do, treat him as his life's career to do this, the usual constant small wear and tear is the cost of your business, you should minimise the risk and maximise the profit. Brothers, remember that 95% of the loss orders can be carried back, which is the reason why stable loss traders have a higher win rate, but what about the 5% that can't be carried back? Share!