#StopLossStrategies I rely on both percentage-based stop-loss orders and trailing stop-losses to manage my trades effectively. Percentage-based stops help me cap my losses upfront—usually at 2-3% depending on volatility and my risk profile. Trailing stop-losses are great for riding trends while securing profits as the price moves in my favor.
One time, a sharp drop in a crypto asset I was holding triggered my stop-loss just in time, saving me from a much larger drawdown. Since then, I never trade without one.