#StopLossStrategies
Traders to limit potential losses in trading. There are several types of stop-loss strategies, including:
1. **Stop-Loss Based on Alignment**:
- Traders use support and resistance levels, moving averages, previous highs and lows, Fibonacci retracements, trend lines, and channels to determine stop-loss points.
- This method may be prone to short stops if the points used are too clear.
2. **Stop-Loss Based on Volatility**:
- This strategy adapts to changing market conditions. When volatility is high, a larger stop-loss is used to accommodate large market changes. When volatility is low, a smaller stop-loss is used.
- Indicators such as Average True Range (ATR) or Volatility Index (VIX) can be used to determine stop-loss levels based on volatility.