#StopLossStrategies A stop-loss strategy involves setting a price level at which to automatically sell a security to limit potential losses. Here's how it works:
- *Determine Risk Tolerance*: Decide the maximum amount you're willing to lose on a trade.
- *Set Stop-Loss Level*: Based on your risk tolerance, set a stop-loss price level, which can be a fixed price or a percentage below the entry price.
- *Place Stop-Loss Order*: Your broker will automatically sell the security when it reaches the stop-loss price.
Example:
- *Entry Price*: $100
- *Risk Tolerance*: 10%
- *Stop-Loss Level*: $90 (10% below $100)
If the price falls to $90, your stop-loss order is triggered, and your broker sells the security, limiting your loss to $10.
Types of stop-loss strategies:
- *Fixed Price*: Set at a specific price level.
- *Percentage-Based*: Set as a percentage below the entry price.
- *Trailing Stop*: Adjusts dynamically with price movements.
Stop-loss strategies help manage risk and protect investments.