What is a stop loss setting?
What is a stop loss setting?
A stop loss is a point to sell an asset when profits begin to decline. The accompanying term is a trailing stop, which moves the stop loss up to the current price in case the price is likely to rebound. In most cases, it is determined by percentage. It will be determined from the purchase price. The setting of Stop Loss and Trailing Stop depends on the risk tolerance. If you can take less risks, set a little, which is suitable for people who are not good at graphing. But it requires a lot of trading discipline. If it reaches the specified point, it should be sold. don't hold it for long Because it may risk a huge loss.
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