#StopLossStrategies Trading with an agreed stop loss (or agreed-upon stop loss) is a disciplined way to manage risk. It means you decide in advance the maximum loss you're willing to take on a trade and set a stop-loss order accordingly. Here's a step-by-step guide to doing this properly:

1. Define Your Risk Per Trade

Decide how much of your account you're willing to risk on a single trade (usually 1-2%).

Example:

If your account has $10,000 and you risk 1%, your max loss per trade is $100.