another fun take on the stop-loss: when I traded on a "real stock market", every single time I tried using stop-loss, I ended up losing much more than I would do without it, and every single time it was the same scheme - a momentary significant dip which was significantly reverted few hours later.
For example, if I had set a trigger at, say, -10%, and it was later triggered by a -14% dip, then few hours later it naturally was corrected to -8%.
Every. Single. Time.
And it wasn't on some low-liquidity papers. It was all just normal dips and peaks and totally normal corrective move after such event.
I would have saved a lot just by NOT placing the stop-loss order, not trying to have some magic safety net, and if I simply executing that order when I got back home few hours later or woke up few hours later, when most of the initial bouncing settled. Every time it settled on a better price than my stop-loss actually executed.
To be fully clear and precise, I should mention that at that time, my stock marker operator (which isn't some bogus shady entity, that's a large serious bank in my country) provided only stop-loss orders (buy or sell) that when triggered, they execute at 'market price'. Yes. Whatever would that market price be. No option to set your own pain level. I can't really emphasize how FUCKING INSANELY RISKY that is. And how stupid I felt when I fully realized how that orders really worked. I guess there are people who need this kind order, since they provided these as the only 'advanced order' option for years :D
Them head-hunters are out to getcha!
And not just you but every other person trading in a similar way with similar stops.
I was lucky, or rather, cautious, to use mid-to-small amounts only, as I was aware I'm new to it and still learning. But that was frustrating even so :) I guess I learned the hard way I was the sponsor :D