๐ง What is a STOP LOSS and why can it save your account?
If you're starting in trading, this is NOT optional ๐
The Stop Loss (SL) is the point where you decide to exit with a small loss to avoid a BIG loss.
๐ฅ Without a Stop Loss, a single trade can wipe out your account.
---
โ Common mistake:
Jumping in without knowing how much youโre willing to lose.
---
โ The right approach:
Before opening a trade, you should already know:
โข How much you can afford to lose
โข Where youโll exit if the price drops
---
๐ Quick example:
You enter LONG at 100
Set SL at 95
๐ If it drops, you lose a little
๐ If it goes up, you keep winning
---
๐ Basic rule:
Risk only 1% โ 3% per trade
---
๐ฅ Trading isnโt about winning all the timeโฆ itโs about losing little and winning big
---
Save this post if youโre learning ๐
$BTC $ETH $BNB
If you're starting in trading, this is NOT optional ๐
The Stop Loss (SL) is the point where you decide to exit with a small loss to avoid a BIG loss.
๐ฅ Without a Stop Loss, a single trade can wipe out your account.
---
โ Common mistake:
Jumping in without knowing how much youโre willing to lose.
---
โ The right approach:
Before opening a trade, you should already know:
โข How much you can afford to lose
โข Where youโll exit if the price drops
---
๐ Quick example:
You enter LONG at 100
Set SL at 95
๐ If it drops, you lose a little
๐ If it goes up, you keep winning
---
๐ Basic rule:
Risk only 1% โ 3% per trade
---
๐ฅ Trading isnโt about winning all the timeโฆ itโs about losing little and winning big
---
Save this post if youโre learning ๐
$BTC $ETH $BNB
