#StopLossStrategies
🛑 Stop-loss: Your shield against emotional decisions!
Even professionals can't predict the market 100% of the time. How to set a stop-loss correctly:
- Fixed level: For example, -5% from the entry price. Suitable for short-term trades.
- Trailing stop: Automatically moves with the price, locking in profits (e.g., 10% below the maximum).
- Based on volatility: Use the ATR indicator — stop = 2x ATR.
Tip: Don't set stops at "round numbers" (e.g., $30,000 for BTC) — they are often "taken out". Check the levels on the chart!
🛑 Stop-loss: Your shield against emotional decisions!
Even professionals can't predict the market 100% of the time. How to set a stop-loss correctly:
- Fixed level: For example, -5% from the entry price. Suitable for short-term trades.
- Trailing stop: Automatically moves with the price, locking in profits (e.g., 10% below the maximum).
- Based on volatility: Use the ATR indicator — stop = 2x ATR.
Tip: Don't set stops at "round numbers" (e.g., $30,000 for BTC) — they are often "taken out". Check the levels on the chart!