#StopLossStrategies Master Stop-Loss Strategies: Safeguard Your Trades Like a Pro! š¼**
Stop-loss orders are essential for managing riskāhereās how to optimize them:
1ļøā£ **Fixed Percentage Stop-Loss**: Set a predetermined % loss (e.g., 5-10%) from your entry price to limit downside. Simple but effective!
2ļøā£ **Trailing Stop-Loss**: Automatically adjust your stop as the price rises, locking in profits while giving trades room to breathe.
3ļøā£ **Volatility-Based Stop**: Use indicators like the *Average True Range (ATR)* to set dynamic stops that adapt to market turbulence.