When you move your stop
You set the stop, then move it further out as price approaches. Most traders have done it, and most account damage starts there.
Why it happens
Because closing makes the loss real. While the position is open, coming back still feels possible. It is avoidance, not analysis.
What it costs
The single-trade loss passes the limit you set. A 2% limit that turns into 5% raises the size of the win you now need.
The fix is procedural
Rather than resisting the urge, attach the stop and target when you open the position and leave them alone. The reliable move is to remove the decision point.
Keep the record
Log how often you moved a stop and what it cost. Once the numbers line up, the effect is hard to argue with.
This column is provided for information only and is not a recommendation of any trade or method. Trading decisions are your own responsibility.
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