The loss is predetermined, if it is taken out, then let it be and move on.
This should not damage your account significantly, rather it will protect you and allow you to trade another day when the markets is conforming to your bias/strategy.
Get used to being stopped out without having any feeling of this outcome. This is part and parcel of trading. You can see it like a business expense. Dont take it personal.
If I am over worried of being stopped out, this will cause me to unnecessarily check on my position constantly wherever I may be or whatever I am doing. This means my risk is too high or the trade is not correct in the beginning. A very good psychological tip as your mind and body talk to you in sync with the emotions of the trade.
ie I already know I will be taken out of the trade on my stop but still stubbornly taking the trade or holding it. Take appropriate action accordingly.
The 5ers prop firm has a mandatory stop loss requirement on all trades which allows for practice of building this into a traders habit.
It is important to note that after being stopped placing the same trade defies the benefits of the initial stop.
ie the trade was miscalculated from the start, therefore this should be factored into future trades possibly entering the trade on a limit order at the point where the initial stop was.
prop firm has a mandatory stop loss requirement on all trades which allows for practice of building this into a traders habit.
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