#StopLossStrategies
How can you enter the market without setting a stop-loss?!
Is it reasonable to give the market the freedom to play with your portfolio while you just watch? The stop-loss, my dear, is your first shield… If the market reverses, it saves you before the ship sinks.
You have two types:
Fixed Stop: You set a specific number – like 5% below the entry price – and if the price drops to that point, you exit the trade and stop the loss early.
Trailing Stop: It moves with the profit… As the price increases, the stop rises with it, meaning you protect your profits and don’t let them disappear if the market reverses.
In summary?
The market is unforgiving… Those who don’t set a stop-loss open the door for losses to come in without permission.
