*Stop-Loss Strategies to Minimize Losses*
Set a stop-loss to limit potential losses and protect your investments. Here are some common strategies:
1. *Fixed Price Stop-Loss*: Set a fixed price at which to sell.
2. *Percentage-Based Stop-Loss*: Set a percentage decrease from the purchase price.
3. *Trailing Stop-Loss*: Adjust the stop-loss as the price moves.
*Example*: Set a 10% stop-loss on a $100 stock. If the price falls to $90, the stock is sold.
*Remember*: Stop-losses can help minimize losses, but they are not foolproof. Always do your research and consider your investment goals.
