Explore my portfolio mix. Follow to see how I invest!* Market Stop Order: Triggers at a specific price and becomes a market order to sell (or buy, for short positions) at the best available price.

* Stop-Limit Order: Triggers at a specific stop price and becomes a limit order to sell (or buy) at a specified limit price or better.

Placement Strategies (Where you establish your planetary defenses):

* Percentage-Based Stop Loss: Setting the stop loss at a fixed percentage below your purchase price.

* Dollar-Amount Stop Loss: Setting the stop loss at a specific dollar amount below your purchase price.

* Volatility-Based Stop Loss (e.g., Average True Range - ATR): Using volatility indicators like ATR to set dynamic stop-loss levels that adjust to market fluctuations.