#StopLossStrategies Stop loss strategies are essential for managing risk in trading on Binance. A stop loss order automatically sells your asset once it reaches a certain price, protecting you from significant losses. Setting a stop loss helps you stay in control, especially in volatile markets. There are different types of stop loss strategies, like a fixed stop loss (based on a specific price) or a trailing stop loss (which moves with the market). By using stop loss strategies, you limit potential losses while allowing your trades to run and profit when the market moves in your favor.
