#StopLossStrategies "Protect your trades with effective stop-loss strategies!
A stop-loss order automatically sells a security when it reaches a certain price, limiting potential losses. Set stops based on:
1. *Percentage-based*: Fixed percentage below entry price.
2. *Volatility-based*: Adjusts to market conditions.
3. *Technical-based*: Tied to support levels or moving averages.
Use trailing stops to lock in profits as prices move in your favor. Consider setting multiple stops to scale out of positions.
Remember to adjust stops according to market conditions and your risk tolerance.