#TradingMistakes101 Not using a stop-loss order is a serious mistake in trading. Without a predetermined exit point, losses can escalate uncontrollably, wiping out your account. A stop-loss order helps limit your risk by automatically closing a trade at a set price. Some traders avoid using them, hoping the market will reverse, but this is gambling, not trading. Always set a stop-loss order based on your risk tolerance and market analysis. This is a safety net that protects your capital and enforces discipline. By consistently using stop-loss orders, you minimize emotional decision-making and ensure that small losses do not turn into catastrophic losses, preserving your trading career.