Why is it not recommended to extend your STOP LOSS in loosing Trades?

 Here are some reasons why you should not increase your stop loss once set:

1. Discipline: Changing your stop loss undermines trading discipline and can lead to impulsive decisions.

2. Emotional Trading: Increasing stop loss can be an emotional response to market fluctuations, rather than a logical one.

3. Risk Management: Increasing stop loss increases potential losses, defeating the purpose of risk management.

4. Invalidates Trading Plan: Changing stop loss deviates from your original trading plan and strategy.

5. Encourages Hope: Increasing stop loss can be driven by hope that the market will turn in your favor, rather than accepting losses.

6. Reduces Confidence: Constantly adjusting stop loss can erode confidence in your trading decisions.

7. Market Manipulation: Increasing stop loss can make you vulnerable to market manipulation and stop-hunting.

Remember, a stop loss is a critical component of risk management. Stick to your original plan and avoid adjusting it based on emotions or market fluctuations.