Let me share with everyone how to set a stop-loss during trading~
1. Protect your capital, reduce risks
When your trading begins, set your stop-loss level to the entry point (make sure it is near the vicinity), this can ensure that even if the market moves against you, you will not incur significant losses. This greatly reduces stress and increases your mental comfort from the market perspective.
2. Gradually adjust your stop-loss
If the market continues to move in a favorable direction, you can gradually raise your stop-loss level, locking in some profits. Setting a stop-loss is the first step; it guarantees that you won't leave empty-handed!
3. Cultivate good trading habits
After setting your stop-loss, it can help you develop good trading habits, avoiding emotional decision-making (such as greed or fear that could lead you to miss exit opportunities)
4. Reduce psychological pressure
Once you have set a stop-loss, you can immediately reduce the anxiety of potential losses.
5. Adapt to market uncertainties
The market is full of uncertainties, and a stop-loss acts like a safety net, protecting you during unexpected events~