Stop Loss: Is it Required?

The stop loss is the most difficult action to perform in any trading set up as it acts against human psychology of accepting loss. However to be in the stock market one has to accept the fact that one cannot fight against the trend and thus Stop Loss application is paramount important. Application of stop loss requires lots of practice.You should be able to execute a stop loss without contempt,pity or remorse.

Do not become happy if you did not apply stop loss and stock rebounds and gives you profit as it may have had added a few Rupees to your kitty this time but in the longer run you will repent as non application of stop loss will wipe out your all losses in some other trade.

Stop loss better be put in the system after around 9:30 AM as by then volatility has subsided and remember that application of Mental Stop loss may not give similar dividend as a stop loss entered in the system and it can be counter productive for your financial health as a mental stop loss keep forcing you to provide a leeway to the stock which is not moving as per your anticipation.

Trade with our Jackpot tip and you will be flush with profit as stock getting hit with a SL will be rare.