Post about SL "stops"
All traders know that stops in trading are their friend and safety from losses, but they are also a sinister enemy that takes a lion's share of the deposit.
Three tips about stops🛑
1) Try not to place a stop just below the nearest low, place it lower and enter with a smaller volume.
2) Do not place a stop at the tip of the candle's shadow, place it closer, this way you protect yourself from slippage.
3) If the stop triggered, do not try to recover, exit and close the terminal, accept the losses.
Stops actually protect your deposit from losses, but stops should be just as conservative as take profits, do not be deluded that you can earn a lot and lose little, liquidity works both ways.
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