๐ ๐๐จ ๐๐จ๐ฎ ๐๐ฆ๐ฉ๐ฅ๐๐ฆ๐๐ง๐ญ ๐๐ญ๐จ๐ฉ ๐๐จ๐ฌ๐ฌ ๐ข๐ง ๐๐จ๐ฎ๐ซ ๐๐ซ๐๐๐๐ฌ? ๐ค
If you're not using a stop loss in your trading, whatโs holding you back? Let me give you an example that will make you realize why itโs essential to always use stop loss and manage your risk. Risk management is the foundation of successful trading. Imagine putting your entire capital at risk or being stuck in a trade for monthsโwhat would be your next move?
Think of a stop loss as the brake in a car ๐๐จ. When you're driving at high speed, everything seems fine. But then, there's a sharp turn up ahead. Whatโs your instinct? You hit the brakes! ๐ Without brakes, youโd risk losing control and crashing the car. Similarly, a stop loss allows you to manage your risk in case the market turns unexpectedly, preventing massive losses.
Even if your trade doesnโt go as planned and you face a loss, having a stop loss means your capital is preserved. This gives you the freedom to re-enter when the market presents a better opportunity, allowing you to potentially make a profit again. So, take control of your trades and protect your capital.
What do you think about using stop loss? Do you agree, or do you have a different perspective? Let me know your thoughts below!
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