To minimize potential losses in trading. There are several types of stop-loss strategies, including:

1. **Stop-Loss Based on Confluence**:

- Traders use support and resistance levels, moving averages, previous highs and lows, Fibonacci retracements, trendlines, and channels to determine stop-loss points.

- This method may be prone to short stops if the points used are very 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 significant market changes. When volatility is low, a smaller stop-loss is employed.

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