š STOP LOSS PLACEMENT: WHERE SHOULD YOU PUT YOUR SL?
A Stop Loss is not just a number you choose randomly.
It should be placed at a level where your trade idea becomes invalid.
3 COMMON WAYS TO PLACE YOUR STOP LOSS
1ļøā£ BELOW SUPPORT / SWING LOW š¢
For a Buy trade, place the SL below a meaningful support or swing low.
2ļøā£ ABOVE RESISTANCE / SWING HIGH š“
For a Sell trade, place the SL above a meaningful resistance or swing high.
3ļøā£ BEYOND YOUR INVALIDATION LEVEL šÆ
Your SL should be beyond the level that proves your analysis is wrong.
ā COMMON MISTAKES
⢠Placing SL too close just to reduce the loss
⢠Moving SL farther after entering
⢠Trading without an SL
⢠Choosing lot size before calculating risk
⢠Moving SL because of emotions
š GOLDEN RULE
Don't place your Stop Loss where you WANT price to stop.
Place it where your TRADING IDEA IS PROVEN WRONG.
PLAN THE SL ā CALCULATE THE RISK ā THEN ENTER.
For educational purposes only. Not financial advice.
#StopLoss #RiskManagement #Crypto #TradingPsychology
A Stop Loss is not just a number you choose randomly.
It should be placed at a level where your trade idea becomes invalid.
3 COMMON WAYS TO PLACE YOUR STOP LOSS
1ļøā£ BELOW SUPPORT / SWING LOW š¢
For a Buy trade, place the SL below a meaningful support or swing low.
2ļøā£ ABOVE RESISTANCE / SWING HIGH š“
For a Sell trade, place the SL above a meaningful resistance or swing high.
3ļøā£ BEYOND YOUR INVALIDATION LEVEL šÆ
Your SL should be beyond the level that proves your analysis is wrong.
ā COMMON MISTAKES
⢠Placing SL too close just to reduce the loss
⢠Moving SL farther after entering
⢠Trading without an SL
⢠Choosing lot size before calculating risk
⢠Moving SL because of emotions
š GOLDEN RULE
Don't place your Stop Loss where you WANT price to stop.
Place it where your TRADING IDEA IS PROVEN WRONG.
PLAN THE SL ā CALCULATE THE RISK ā THEN ENTER.
For educational purposes only. Not financial advice.
#StopLoss #RiskManagement #Crypto #TradingPsychology