Setting a stop-loss before you enter a trade is one of the simplest ways to protect your capital. The idea is to decide your exit point before emotions get involved — once the position is open, it's easy to justify holding longer than you should. A stop-loss takes that decision off the table by closing your position automatically if price hits your predefined level. 🛡️ The key is placing it at a level that gives your trade room to breathe but still cuts you out before the loss gets ugly. Think about where your trade thesis would be invalidated — that's often a good spot. 📉 Markets don't care about your feelings, but a well-placed stop-loss sure does.