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	Most users of trading systems based on persistence of market direction use a stop-loss order to attempt to limit their losses as a specified part of their trading system.     So the stop-loss forms a critical part of the expected profit and loss of the trading system.     Stop-loss orders can be actually placed in the market or can be in the mind of the trader. Hope of a market rebound is the emotion assumed to behind the behaviour of a trader using a persistence based trading system, that when the market gets close to their pre-determined stop-loss point, either pulls their stop-loss order from the market or fails to apply it manually according to their trading system. The result is often a larger loss than the trading system was designed to incur.     What works over and over again is to:         • accept that you feel there is something missing from your            trading system,         • add new or change entry/exit/stop criteria and test it out by            following your new system. Now you can see the syndrome - because the trader will not formalise their new ideas or concerns in the trading system, they are slowly undermining their confidence in their own trading system. And since traders trade their confidence, this is a sad place to be. Now imagine what you are going to do about it.		Welcome Self Assessment Links Inner Tendencies What's New Contact Us Calm Secrets Tip of the Week Risk of Ruin