While standard retail advice treats stop-losses as an unmitigated good, Bulkowski challenges assumptions in Chapter 3 by analyzing "hold time loss":
To evolve, you must divorce your self-worth from your trade outcome. A losing trade that followed your system is a good trade. A winning trade that broke your rules is a bad trade. That paradox is the final exam of evolution. trading basics evolution of a trader wiley tradingpdf
To help tailor this journey to your current goals, tell me: Are you focusing on ? While standard retail advice treats stop-losses as an
Never risking more than 1% to 2% of total account equity on a single trade. risking catastrophic losses.
Stage 4: Unconscious Competence (The Master Institutional Trader)
Betting too much capital on single ideas, risking catastrophic losses.