Thoughts on Stop-Loss$
A stop-loss is merely a tool that works effectively only in conjunction with the right risk management strategy.
Pros of Stop-Loss:
Limiting losses – automatically closes a position when a certain loss level is reached.
Trader discipline – helps avoid emotional decisions in stressful situations.
Capital protection – reduces the risk of losing a significant portion of the deposit.
Automation – no need to constantly monitor the market.
Risk planning – allows for pre-calculation of the risk/reward ratio.
Cons of Stop-Loss:
Possible "stop hunting" – short-term price fluctuations can close a position that would have subsequently gone into profit.
Does not guarantee execution at a precise price – slippage can occur during strong fluctuations or news events.
Too tight stops – can lead to frequent losing trades even with the correct market trend direction.
Illusion of safety – traders may open overly risky trades relying on stop-loss.