Day Trader’s Weekend Aftermarket Lounge 28 Feb - 1 Mar 2020, page-27

ok, stop losses shouldn't be set at more than 5%, it can easily turn to 10%-30% very quickly.
i use 2-3% as when i buy and if i'm right, it should go up - not down!
i've lost a lot of money in the past not following this simple rule, finally selling at the low through sheer mental exhaustion.
preserve capital, not pride.
maybe something to consider for next time, as they'll always be one.
i really need to get into shorting too, didn't know about bbus.
trading isn't easy, it's a huge battle against oneself, not the market.