#StopLossStrategies
Stop-Loss Strategy: Protect Your Profits, Limit Your Losses
A stop-loss strategy is essential for managing risk in volatile markets. By setting a predetermined exit point, you can automatically sell an asset—like $BTC, $ETH, or $LTC—if the price drops to a certain level, preventing major losses.
It helps remove emotion from trading and ensures you stick to your risk tolerance. Whether you're a day trader or long-term holder, using stop-loss orders can protect gains and avoid devastating drawdowns.
Discipline is key—set your stop, stick to your plan.
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