Why does practically everybody put a stop loss on a trade. I believe that it means that you were never confident with the posistion you opened in the first place. If you have done your homework and you believe that whatever you are trading will hit a certain target then you should let run until it does. The companies love stop losses because all you are doing is locking in your losses. How many times do traders say it hit my stop loss then 10mins 1hr 1 day etc it hit my target. Forgive me if this as been discussed before but new to the site.