(1) Set your SL to limit losses
(2) Adjust SL to protect profits
(3) SL triggered to minimize risk
(4) Define your SL based on market volatility
(5) Place SL to avoid margin calls
(6) Trailing SL for locking in gains
(7) SL hit—automatic exit from trade
(8) SL protects against sharp market swings
(9) Dynamic SL adjusts with price action
(10) Risk management starts with a solid SL