You must always put a stoploss to preserve capital :
A small loss or several small losses can easily be made back with one large profit but when you let large losses run against you it is hard to get them back.
Remember when you are out of the market the only thing you can lose or miss is an opportunity.
The fear of the market is the beginning of wisom.
Never average a loss rather buy on the way towards profits.
The most important of all ( HUGE FNO traders and Margin traders. )
When you make a trade you should never risk more then 10% of your capital and if u have a few losses reduce your units of trade.
Mine : If you have lost money doesnot mean you are incapable of making money but educates you to make bigger and easier money.
Better to have small holes in the pocket then big holes in ur portfolio.
Ending lines of the great trader and analyst's book on trading and speculation written by W/D Gann.
"If i can throw a single ray of light,
Across the darkened pathway of another;
if i can aid some soul to clearer sight ,of life and duty ,
and thus bless my brother;
If i can wipe from any human cheek a tear ,
I shall not then have lived in vain
