📌 Day 19: Stop-Loss
This one tool can save your account. 🛡️
Stop-Loss: a price you tell the platform to automatically close your trade at if it drops, so your loss stops at a limit.
Example: you buy at $100 and set a stop-loss at $95. If the price falls to $95, the trade is closed. Your loss stops at $5 and doesn't keep growing.
Never open a trade without a stop-loss.
Do you set a stop-loss on every trade? Yes or No? 👇
#stoploss #Risk $DGB $HMSTR $IDOL #DanATWO @Dan A TWO #BinanceSquare
Not financial advice.
This one tool can save your account. 🛡️
Stop-Loss: a price you tell the platform to automatically close your trade at if it drops, so your loss stops at a limit.
Example: you buy at $100 and set a stop-loss at $95. If the price falls to $95, the trade is closed. Your loss stops at $5 and doesn't keep growing.
Never open a trade without a stop-loss.
Do you set a stop-loss on every trade? Yes or No? 👇
#stoploss #Risk $DGB $HMSTR $IDOL #DanATWO @Dan A TWO #BinanceSquare
Not financial advice.
