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If we trade with discipline and do not become greedy and above all do a proper analysis before opening a trade than we can get good returns every month.
its one of the most important thing to set stop loss if you want to be successful. we know we cant make profit in all the trades we open. that means we are going to lose some. so setting stop loss is an effective way to check our loses. Setting stop loss and take profit in every trade we make is a must
Importance of SL depends upon the trading style.If you are a weekly or a long term trader and you wont check the price often,then SL is important .
But if you are scalper and you are glued to the system watching the price all the day,then SL wont be that much important.