#StopLossStrategies

You blew this account too? Really lil man? No worries, I'm here for you.

The market has been very rough and unpredictable nowadays and I just happened to scour the internet for some of the best ways to overcome losses and that method is the use of..........

STOPLOSS.

How do they work? How can you use them effectively? No worries, I listed them below.

1. Using a fixed stop loss: This is the easiest and most used. How does it work? Just choose the best market stop loss that the broker will give you. Maybe 5%, 4% just stick to it.

2.Use the previous High or Low as your stop loss. Now if you don't know what your Highs and Lows are, kindly take the kid's menu and leave the red meat to the big men.

3. Volatility stop loss; This rule is easy to follow. If the big candle shows up and it's green, you just meet volume, make your stoploss wider. If the candle is small, set a tight stop loss cause that's what a volatile market looks like.

4. Trailing Stop Loss: My personal favorite so far. Why? Because you don't have to do any work. Just set the parameters and watch the system work in your favor. Consider this a personal favorite and fully recommend it to all beginners.

Bonus: The stoploss is like a seatbelt, it feels constricting and boring till you crash. Don't forget to bookmark and save for later. Cheers, and may the best player win.