Why Stop Loss and Take Profit Are Critical

The recent crypto crash highlights why tools like stop loss and take profit are essential. Many traders lost heavily because they didn't set these safeguards.

Stop Loss: Protects your portfolio by limiting losses during sharp downturns.

Take Profit: Secures gains before markets reverse unexpectedly.

Some argue these aren't important, but as this drop shows, relying solely on market timing can be disastrous.

Learn the tools, or risk repeating history!