Stop Loss

Someone thinks stop loss is a target that defines the maximum level of loss you can tolerate on the corresponding trade. Wrong. Stop loss is nothing different from entry of a trade. It should be a dynamic signal instead of a static level which is determined at the beginning of a trade. Most important, it is closely related to the temporal consideration. Without defining temporal constraint, it's like to give your life to someone else to take care of.

So there is no such thing called stop loss. Don't let stop loss to terminate a trade passively. Actively manage them and keep a neutral view on entry/exit.