Once I gave all the data to chat Gpt to teach me how to use the stop loss, I gave a margin of 10 USD. 🤯 It gave me the data and ☹️👇🏻 I lost instantly..
I don't understand the concept.
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Júnior trade cripto
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"Mastering Stop-Loss Strategies: Protect Your Trades Like a Pro on Binance"
A stop-loss is a powerful tool in trading, designed to limit potential losses in case the market moves against your position. Here is a beginner-friendly explanation based on the examples in your image:
What is a Stop-Loss?
A stop-loss is a predetermined price level where you exit a trade to prevent further losses. You can place it in different areas depending on the market structure and price action. Below are the key scenarios where stop-losses are applied:
What is a Stop-Loss?
A stop-loss is a predetermined price level where you exit a trade to prevent further losses. You can place it in different areas depending on the market structure and price action. Below are the key scenarios where stop-losses are applied:
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