#StopLossStrategies Stop-loss strategies are essential for managing risk and minimizing losses during market downturns. I use a combination of fixed and trailing stop-loss orders on Binance. A fixed stop-loss sets a specific price point to sell if the asset drops below it, limiting losses. For example, setting a stop-loss at 10% below the entry price ensures a clear exit if the market turns. A trailing stop-loss adjusts with price increases, locking in profits while protecting against downside movement. During a downturn, these strategies helped me limit losses by automatically selling assets before they fell further, reducing emotional decision-making and safeguarding capital.
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