Recurrent mistake is stop loss being triggered

[S_Jane_M]

@nyvermynd

3. Implement a “trailing stop loss” strategy: This allows the stop loss to move in the direction of the trade, locking in profits while minimizing losses.

Many of us who have actually researched it carefully consider this one generally to be pretty bad advice (albeit superficially appealing) for all the kind of reasons explained here.

@nyvermynd

4. Consider using a “break-even stop loss” strategy: This involves moving the stop loss to break-even once the trade has moved in your favor by a certain amount.

This (though similarly superficially appealing) can also be quite counterproductive, for some of the reasons discussed in this recent thread.