When it comes to trading, one of the most important things to consider is managing your risk. One way to do this is by using a stop loss. A stop loss is an order that you place with your broker to sell a security when it reaches a certain price. This price is typically below the current market price. The purpose of a stop loss is to limit your losses in case the market moves against you. It is placed as a “stop” to prevent further losses if the price falls below your specified price. In this post we’ll see some stop loss quotes which signifies its importance.
Stop Loss Quotes in Trading
“If you can’t take a small loss sooner or later you will take the mother of all losses.” – Ed Seykota
“I believe that whenever you enter a trade, you must know the point at which you are willing to say, “I was wrong about this trade” and get out. This is your stop loss point.” – Van Tharp
“Put a ‘stop-loss’ order on your worries. Decide just how much anxiety a thing may be worth- and refuse to give it any more.” – Dale Carnegie
“Open the trade, put your stop loss, go live your life.” – Unknown
“A properly places stop loss is truly the starting point of a successful trade.” – Nial Fuller
“Never Place your stop loss at the same set distance on every trade and just ‘Hope for the best’, that won’t work for very long.” – Nial Fuller
“I know where I’m getting out before I get in.” – Bruce Kovner
“Are you willing to lose money on a trade? If not, then don’t take it. You can only win if you’re not afraid to lose. And you can only do that if you truly accept the risks in front of you.” – Sami Abusaad
“Stop loss is like a seat belt, without it every crash would be fatal.” – Unknown
“I have two basic rules about winning in trading as well as in life: 1. If you don’t bet, you can’t win. 2. If you lose all your chips, you can’t bet.” – Larry Hite
“Cutting a losing trade quickly clears your head and restores your objectivity.” – Marty Schwartz
“The elements of good trading are cutting losses, cutting losses, and cutting losses.” – Ed Seykota
“I’m not better than the next trader, just quicker at admitting my mistakes and moving on to the next opportunity.” – George Soros
“Trade with smaller position sizing considering maximum possible loss not just your stop loss being triggered. This is where risk management must begin.” – Stebe Burns
“Share trading without a stop loss and target is gambling else it is a very much business” -Swaran Singh Jaggi
“In trading, you can’t stop loss from happening but you can avoid big loss by using stop loss in your trades.” – Olawale daniel
“Entering on a retracement allows you to employ a tighter stop loss and wider target.” – Nial Fuller
“Cut you losses and let your profits run” – Proverb
“My philosophy is that all stocks are bad. There are no good stocks unless they go up in price. If they go down instead, you have to cut your losses fast Letting losses run is the most serious mistake made by most investors.” – William O’Neil
“The trading rules I live by are: 1. Cut losses. 2. Ride winners. 3. Keep bets small. 4. Follow the rules without question. 5. Know when to break the rules.” – Ed Seykota
“Knowing when to exit a trade is far more important than knowing where to enter.” – Unknown
“Placing stop loss is an art. It should be wide enough to be your trade to breath & should be tight enough so you won’t lose more.” – Unknown
“A good stop loss & great position sizing is the key to successful trading.” – Unknown
We hope you enjoyed our compilation of quotes about stop loss in trading.
