š STOP-LOSS: YOUR BEST FRIEND IN TRADING š
What is a stop-loss?
Itās an automatic order to exit a trade when the price hits a certain level ā saving your capital from major damage.
Why You Need It:
1. Protects Your Portfolio
Markets are unpredictable. Stop-losses keep a small mistake from becoming a big disaster.
2. Controls Emotions
No more panic selling. Let logic, not fear, manage your trades.
3. Builds Discipline
Great traders donāt just plan to win ā they plan NOT to lose.
Risk small. Trade long.
4. Perfect for Busy Traders
You canāt watch charts 24/7. Set your stop, walk away, and live your life.
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Pro Tips:
Donāt set stops too tight ā give your trade some room to breathe.
Never āhopeā a losing trade will turn. Let the stop do its job.
No stop-loss = No strategy.