#StopLossStrategies How a Stop-Loss Protects Your Investment? 💡
Imagine that you bought Bitcoin at $30,000, but the market starts to fall. 😬 This is where the Stop-Loss comes in: an order that automatically sells your position when the price reaches a level you have defined, helping you avoid larger losses. 🚨
Although my approach has always been to hold (maintain long-term) rather than trading, I have decided to try the Stop-Loss on several occasions, both on exchanges and brokers, mainly to understand how to manage risk. In the end, on a couple of occasions it helped me protect my investment and avoid bigger losses. 🙌
It is a tool that not only works in the world of crypto but also in traditional markets, and although it is not always necessary to be glued to the chart, knowing how to use it can make a difference. It's always good to learn a little more! 💪
