• Trading

    Respecting your STOP loss in a trade

    If you’re trading the stock market, whether day trading or swing trading, respecting your stops is crucial to longevity in the game. Without it you have the potential to blowing up your account and losing all of the profits you’ve made in a single trade. I was recently reminded of that (in a good way, no I did not lose all my money) but actually RESPECTED my stop and stopped out of a trade even though I did not want to. I will outline it below. The stock was TSRO. On the morning it was gapping down on some news, I really don’t care what or why, but rather what…