Of all the ways to blow up a trading account, widening the Stop loss ranks at the top. This is not a strategy, this is fear.
🔹 As price moves against you and approaches your original Stop loss, a voice in your head says
It is just a stop hunt, it will bounce back.
Support is just below, I'll give it a bit more room.
I can not be wrong on this trade.
👉You move the SL because you are afraid to admit you were wrong. You are trading on Hope, not on Analysis.
🔸 You planned to lose $50, but because you moved the SL, you lost $200. A small loss becomes a psychological disaster.
Once you break the rule once, you will do it again. Eventually, you will trade with no Stop loss, leading to a blown account.
You get your capital stuck in a losing trade instead of cutting it to find a better opportunity.
🔹 Engrave this golden rule in your mind
Stop loss can only be moved in the direction of PROFIT , NEVER move it backward to hold a loss.
If the price hits your Stop loss, let it hit. That notification sound is the sound of relief because your remaining capital has been saved from a deeper crash.

This article is for reference only, this is not investment advice. Please read and consider carefully before making a decision.
