#StopLossStrategies One of the most important habits every trader should develop is the use of effective stop loss strategies. A stop loss not only protects your capital but also helps remove emotion from trading. For instance, setting a percentage-based stop loss or a technical level such as a moving average or support zone can prevent catastrophic losses. Many new traders fall into the trap of moving their stop loss further when a trade goes against them, which can turn a small loss into a big one. Always define your risk level before entering a trade. Discipline is key. #StopLossStrategies