#CryptoIntegration

Simplified Education 💡

🔐 What is Stop Loss and why is it considered one of the most important tools for traders?

📌 Stop Loss is a sell (or buy) order that automatically closes the position at a specified price to minimize losses.

✨ Its Importance:

1️⃣ It protects capital from significant losses.

2️⃣ It reduces psychological stress during trading.

3️⃣ It helps you stick to a clear plan.

📊 Example: If you bought ETH at 3,000$ and set a Stop Loss at 2,900$ ➡️ Maximum loss = $100.

💡 My advice: Never enter a trade without a Stop Loss, no matter how confident you are.

❓ Do you always use Stop Loss in your trades or do you sometimes ignore it?

#CryptoTips #Trading