Even the most experienced traders do not make a profit on ever day and losing trades are a fact of common trading life. The only way to become a successful trader is to minimize the size of any losing trades by put a stop loss order on all of your trades.
The StopLoss order are act like safety belt to save you during the wild ride on the market. In this way you protect yourself against movements in market and also stop your heart from ruling your head.
The StopLoss order also can help you to ensure that you stick and discipline with your trading rules as part of money management setting. Most trader can seewhen the market is moving against him and his trade is moving into a loss but he hangs in there because he continues to believe that the market is going to turn in his favor shortly.
In this case the StopLoss order can help him from more deep sinking Loss trading if he equiped himself with StopLoss order. It will stops you from making too heavy a loss when the market move against you. So, why do so many traders ignore a trading tool which is specifically designed to protect their trading interests?
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