Putting a stop-loss requires discipline. Adhering to the sto...

Putting a stop-loss requires discipline. Adhering to the stop-loss and executing it when the price hits the stop-loss takes even greater discipline! Learnt it the hard way when I ignored the stop-loss and instead ended up catching a falling knife... It's an art to enter a trade with a stop-loss in mind, and flexibility to adjust the stop-loss according to the situation that you read.