#StopLossStrategies HOW STOP LOSS SAVED ME

Effective stop-loss strategies are crucial for minimizing losses during market downturns. One strategy I've found particularly effective is the trailing stop-loss. By setting a trailing stop at a fixed percentage below the market price, I can lock in profits while allowing for upward movement. For instance,

if I bought a stock at $100 and set a trailing stop at 10%, the stop-loss would adjust upwards as the stock increases. If the stock rises to $120, my stop-loss moves to $108; if the price then drops to $115 and triggers the stop-loss, I sell and secure my profit.

Another strategy is using a percentage-based stop-loss. For example, if I’m willing to risk only 5% of my investment, I set a stop-loss order at that threshold. In a recent downturn, I purchased shares at $50, setting a stop-loss at $47.50. When market volatility hit and the stock fell, my stop-loss order executed, preventing further losses as the stock plunged to $40. Implementing these strategies has helped me protect my portfolio and maintain a disciplined approach, ensuring I can capitalize on future opportunities without facing devastating downturns. Remember knowledge is power MAY God bless your trade