My dear darknight followers.!!!

🚨Remember that stop loss is very important..🚨

✅Percentage-Based Stops:

This is the most common type. Traders might set a stop loss at a predetermined percentage from their entry point. For instance:

1-3% for more conservative traders or those with larger accounts.

5-10% for more aggressive traders or those with smaller accounts.

✅Volatility-Based Stops:

Some traders use the asset’s volatility to set stop losses. The Average True Range (ATR) is a common tool for this. For example, a trader might set a stop loss at 2x the ATR below their entry for a long position.

✅Technical Analysis Stops:

Technical traders might set stop losses at specific levels based on chart patterns or indicators. For example, below a major support level or moving average.

✅Time-Based Stops:

If the trade doesn’t move in the desired direction after a certain amount of time, the position is closed.

✅Dollar Amount Stops:

Some traders decide on an absolute dollar amount they’re willing to risk on a trade rather than a percentage.

✅Be Consistent:

Whatever method or percentage you choose, be consistent in its application.

Always Use Stops: Almost all successful traders emphasize the importance of always using a stop loss.

✅Avoid Moving Your Stop:

It’s generally advised not to move a stop loss further away after the trade is initiated. Moving stops can lead to larger losses than initially intended.

Good luck everyone

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