📌 How to effectively set Stop-loss & Take-profit in trading
🔻 Stop-loss (SL)
– Limit losses, protect capital
✅ Set SL at:
👉 Nearest support/resistance zone
👉 Below the nearest low/high (depending on trend)
👉 Consider R:R ratio (risk:reward) before entering a trade
🔻 Take-profit (TP)
– Set profit target
✅ Set TP at:
👉 Next resistance/support zone
👉 Fibonacci levels / MA / trendline
👉 According to desired R:R (e.g., 1:2 or 1:3)
💡 Tip:
👉 SL/TP should be set before entering a trade
👉 Do not adjust SL based on emotions