#StopLossStrategies There are several alternatives to stop-losses that can be used to manage risks while trading on financial markets:
1. Psychological stop-loss: one can close a position if the price reaches a certain level, without setting an automatic stop-loss. This develops discipline, as it requires constant monitoring of the market and not succumbing to emotions.
2. Hedging: Instead of closing a position, a trader can open an opposite position on the same asset or a similar instrument to reduce risks.
3. Trailing stop: this is a variation of a stop-loss, where the trailing stop automatically "moves" along with the price, maintaining a defined distance, allowing for profit locking if the market moves in the desired direction.
4. Risk distribution: one can reduce overall risk by limiting the position size instead of using a stop-loss.
5. Use of technical analysis signals followed by a decision to close a position based on signals such as breaking a trend line or key levels.