#StopLossStrategies

Alright, a stop loss is like your safety net. Set it up to automatically sell an asset if it drops to a certain price, so you don’t lose too much. Like, if you buy a stock at $100, you can set a stop loss at $90. That way, if the price crashes, it sells for you at $90 instead of waiting for it to tank further. It’s not foolproof, but helps limit losses when stuff goes south. Just pick a price you’re comfortable with losing, and let the stop loss do its thing when things start going downhill.