In what, from a sentiment point of view, Stop Loss and Take profit are fundamentally different? The difference, in my opinion, lies in the fact that I WANT the Take Profit to be reached, while I DO NOT WANT that Stop Loss is reached. Ok, that's not a breaktrough, I know... Though, there is an important difference regarding the psichology that I use when I put pending orders, and the psichology that stays beneath the other traders behavior. So: if I want to use this substantial psychological difference to trade as a winner, how should I do? Let me explain with an example: if I do not want anyone to find out something, the easiest and most effective way is to put it where no one would ever think to look. A good choice would be a completely illogical place. Do you remember The Purloined Letter, the short tale written by E.A Poe? Something like that, I suppose. On the other side, if I want something to be found, I will put it where everyone thinks that it might reasonably be. So, that's the idea about how I think we should reconsider the most common Stop Loss and Take Profit positioning methods: 1) put the Take Profit where everyone puts it. (on a support, a resistance, a fibo retracem…
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