#StopLossStrategies is a beneficial strategy for trader's in trading. By this starting you can save your asesst to be fully used by a wrong trade. You can use various methods for stop- loss
1; Fixed Percentage Stop: This is the simplest method. You set your stop-loss at a fixed percentage below your entry price (for long positions) or above your entry price (for short positions).
Example: If you buy a stock at $100 and set a 5% stop-loss, your stop will be triggered if the price falls to $95.
2; Pros: Easy to calculate and implement.
Cons: Doesn't consider market volatility or specific price levels. May be too tight in volatile markets, leading to premature exits, or too wide in stable markets, resulting in larger losses than necessary.
Support and Resistance Levels: Place your stop-loss just below a significant support level (for long positions) or just above a significant resistance level (for short positions). These levels represent areas where buying or selling pressure is likely to resume.