Best Stop Loss Strategies

1. Fixed Stop Loss

Set a fixed percentage amount (e.g., 2).

Suitable for beginners.

2. Technical Stop Loss:

Place it below support / above resistance or behind an important candle.

Accurate and safer.

3. Trailing Stop Loss

Moves automatically with the price to protect profits.

Excellent for winning trades.

Follow-up

4. Indicator-based Stop Loss

Example: If the RSI breaks level 50, close the trade.

Suitable for automated strategies.

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Golden Tip:

Always set the stop loss before entering the trade, and do not move it randomly.