ℍ𝕠𝕨 𝕕𝕠 𝕐𝕆𝕌 𝕕𝕖𝕥𝕖𝕣𝕞𝕚𝕟𝕖 𝕥𝕙𝕖 𝕒𝕡𝕡𝕣𝕠𝕡𝕣𝕚𝕒𝕥𝕖 𝕤𝕥𝕠𝕡-𝕝𝕠𝕤𝕤 𝕝𝕖𝕧𝕖𝕝?
To determine the appropriate stop-loss level, you can consider factors like your risk tolerance, the volatility of the assets you're trading, and the historical price movements of those assets.
A common approach is to set your stop-loss level at a percentage below your entry point, typically between 1% to 5%, depending on your risk appetite.
It's important to strike a balance between setting a stop-loss level that protects your capital while allowing for normal market fluctuations.
Remember, adjusting your stop-loss level as the trade progresses can also be beneficial.
