Stop-loss strategies are essential tools for managing risk in trading—especially in volatile markets like crypto. They help limit potential losses by automatically closing a trade when the price hits a certain level. Here are some common stop-loss strategies:
1. Fixed Percentage Stop-Loss
How it works: Set a stop-loss at a fixed percentage below (long) or above (short) your entry.
Example: You enter a long trade at $100 and set a 5% stop-loss. If the price drops to $95, the trade closes.
Best for: Beginners or those who want a simple, consistent rule.
2. Support/Resistance-Based Stop-Loss
How it works: Place your stop just below a support level (long) or above a resistance level (short).
Why it’s smart: It uses technical analysis to place stops where the price is less likely to go—unless a trend is reversing.
3. Volatility-Based Stop-Loss
How it works: Use indicators like ATR (Average True Range) to set stops based on current market volatility.
Example: If the ATR is 2%, you might set your stop 2x ATR (4%) below your entry.
Best for: Adapting to changing market conditions.
4. Trailing Stop-Loss
How it works: This moves with the price. If the price moves in your favor, the stop follows—but it doesn’t move back down.
Example: You set a trailing stop 5% below the current price. If the price rises, the stop rises with it.
Best for: Locking in profits during strong trends.
5. Time-Based Stop-Loss
How it works: Close the position if it hasn’t moved as expected in a certain time frame.
Why it helps: Avoids tying up capital in dead trades.
Bonus Tip: Combine Strategies
You can combine these—for example, using a support-based stop with a trailing mechanism to secure gains as the trade moves.
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