Share why it's essential to learn to set a breakeven stop loss even when in profit:

➡️ Protect capital, reduce risk

When your trade starts to profit, adjust the stop-loss to the entry point (around the position price) to ensure that even if the market reverses, you won't lose your capital. This greatly reduces psychological pressure and allows you to face market fluctuations with more composure.

➡️ Lock in some profits

If the market continues to move in your favor, you can gradually move up the stop-loss to lock in some profits. Setting a breakeven stop loss is the first step; it ensures that you at least won't leave empty-handed.

➡️ Cultivate discipline

Consistently setting a breakeven stop loss after making a profit helps you develop good trading habits and avoid emotional decision-making (such as greed or fear leading to missing exit opportunities).

➡️ Reduce psychological burden

Once you've set a breakeven stop loss, you don't need to constantly monitor the market, worrying about profit retracement.

➡️ Adapt to market uncertainty

The market changes rapidly, and a breakeven stop loss acts like a safety net, protecting you in the event of an unexpected reversal.