THE IMPORTANCE OF STOP LOSS!!

It is absolutely important to understand the concept of stop loss when you are beginning a life in trading. A complete newbie or experienced trader - the biggest mistake you can make is not using stop loss.

This is an order you set for in case the market goes completely south. Not only would you lose your profits but also get liquidated completely. Meaning, you risk losing all your funds in the hope the market will swing back up.

Many people think this only applies to Futures trading. Sure, majority of the time when you look at signals its for futures which gives you entry points, tps and stop loss. However, Not everybody trades in futures. Some people also trade in spot. For those looking for short - medium term holds can use stop loss to avoid big losses.

Not only are you saving yourself - you are keeping yourself in the game. Otherwise it is very easy to get wiped out. Look at the bigger picture - sometimes it’s easier to just bite the bullet and take a small hit.

This should be one of the first things you learn along with risk management. Which is why i keep saying

Learn, learn & LEARN!!

You’re welcome! 🫡

#Write2Earn #TradeNTell #moneymaker #crypto #KnowledgeIsPower

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