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Because they hope the trade will recover and want to avoid realizing a loss, letting emotions override their trading plan.
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Why do so many traders move their stop loss further away instead of accepting a small loss, even when they know it violates their trading plan?
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Because they hope the trade will recover and want to avoid realizing a loss, letting emotions override their trading plan.
Many traders move their stop loss because accepting a small loss feels emotionally harder than staying in the trade and hoping it reverses. It usually comes from fear, ego, and the desire to avoid being wrong rather than following the trading plan.
Because they fear lose and hope that market will recover
Because of fear and ego. Traders avoid realizing a loss and hope the market will come back, which leads them to break their own rules and increase risk
Because of fear of taking a loss and emotional attachment to the trade. They hope the market will turn in their favor, even when it breaks their rules
Okay