#StopLossStrategies Don't Let Your Profits Stay Paper Only

How many times have you had profits only to see them turn into losses because you didn’t use a stop loss? Yup, we've all been there.

Stop loss = your seatbelt as a trader.

Without it, one sudden market crash, and your account is history.

Here are some stop loss strategies you might wanna try:

1. Fixed Stop Loss

Set a stop loss based on a percentage of your loss tolerance. For example, 2%-3% of your capital.

2. Support/Resistance Based

Use technical analysis. Place your stop below support (for long positions) or above resistance (for short positions).

3. Trailing Stop Loss

It moves with the price, locking in profits as the market goes up, but still leaves enough room to breathe. Great for catching trends.

4. Mental Stop Loss (Risky, but fun)

Exit manually when a certain condition hits. But, be warned, this requires discipline of a Jedi.

Tips:

Don’t set your stop loss too tight = you'll get wicked in no time.

But don’t make it too loose = your losses will be as big as your dreams.

Test and adjust according to your trading style: scalping, swing, or long-term.

Remember:

Cutting losses isn’t failure, it's defense. Better to have a small loss than an empty wallet.