🚨 Trading Tip of the Day: Always Use Stop-Loss Orders 🚨

One of the simplest but most powerful tools for risk management in your trading journey is the stop-loss order. 📉

Why?

Because the market can be unpredictable, and even the most experienced traders face sudden price swings. Setting a stop-loss helps limit your losses by automatically selling your position when the price reaches a level you're not comfortable with.

✅ Here’s how to use it:

Identify your risk tolerance: Know how much of your account you’re willing to lose on each trade. For example, you may decide to risk 2% of your total portfolio on a single trade.

Set your stop-loss level: This can be based on technical indicators, such as support levels or recent price movements, or simply at a price that limits your risk exposure.

Stick to it: Don’t let emotions control your decisions! Let the stop-loss do its job.

🔑 Key takeaway: Trading is about preserving capital as much as making profits. Using stop-loss orders can help keep your risk in check, especially when the market gets volatile.

💬 What’s your go-to risk management strategy? Share in the comments!

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