Starting the new year by resisting trades, honestly I feel a bit uncertain. The most uncomfortable part isn't the trades themselves, but not knowing where to set the stop loss—setting it too tight can easily get swept out, while setting it too wide risks losing too much at once.

Actually, I've thought about this problem for a long time. Many people say that stop losses should be based on their risk tolerance, which sounds right, but the specifics of how to operate are still a bit confusing. Some calculate based on percentage, like 2-3% of the position; others set it based on technical levels, finding support and resistance; some just go by intuition. Anyway, all the methods I've tried so far have their pros and cons.

Looking back now, the easiest way to fail when resisting trades is setting stop losses in an unscientific way. If you think through the stop loss points clearly beforehand, executing them becomes less troublesome. Otherwise, it's easy to fall into a vicious cycle of questioning whether to move the stop loss or add to the position, ultimately turning small losses into big ones.

Does anyone have any experience to share? Let's work hard together in the new year.