#StopLossStrategies $BTC

A Stop-loss strategy is used to avoid more losses when the trend goes against the trade decision by automatically exiting the trade at a threshold point. It is a great option and is a personal choice for day traders to use and avoid losses after a certain price dip. Stop-loss order strategy is often used with the swing low and high to avoid more losses as they are risky and can incur more losses than usual.