Fixed Stop Loss:

Setting Method: Usually based on key levels from technical analysis, such as support and resistance levels, or based on the account's risk tolerance (for example, 1%-2% of the total account funds).

Advantages: Simple and direct, it can clearly limit the maximum loss of a single trade. Especially during periods of high market volatility or unexpected events, this strategy can quickly stop losses and avoid emotional decisions that lead to larger losses.

Applicable Scenarios: Short-term trading or high volatility markets, such as before and after major news releases.

Trailing Stop Loss:

Setting Method: Set a dynamic stop loss point based on the price fluctuation range, such as a certain percentage away from the current price or a technical indicator (like moving averages).

Advantages: It can protect existing profits in a trending market while allowing for a certain level of price fluctuation, avoiding premature exits due to short-term pullbacks.

Applicable Scenarios: Markets with clear trends, such as stock trading in a bull market or long-term rises in cryptocurrencies.

In summary, the combination of fixed stop loss and trailing stop loss is my first choice, as it can strictly control risk while adapting to market changes. The key is to find a suitable stop loss level based on one's trading style and market conditions, so as not to be overly conservative and miss opportunities, nor to be too aggressive and increase losses. #止损策略