Many new traders come to hate the hard stop loss trade as very often, after they are stopped out of a trade, the price soon comes back to a point where the trade could have exited with a profit. They wonder why they took a loss when if they had just hung on they could have made a profit. Then one day, the price never comes back after hitting the stop loss, but just keeps going against them for 1,000 pips, and they discover why it was a good idea to have that stop loss after all!