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A stop loss is
important to your success in stock market. What happens if you are away from
the screens and the market goes against you? So u should use a stop loss!!
Stop-losses protect you from losing all of your profits and assets in a downtrend. Stop Loss - a guarantee of security of your deposit, from a sudden drain. Reaching the level of Stop Loss transaction is automatically closed, as is the case with Take Profit, but in this case there is a minimization of losses. You need to limit your loss. There are countless stories of traders who thought that they were too cool for stop losses and blew out their entire account. Sl is Very important. Some traders prefer to trade without them so they never have to worry about getting stopped out which is very risky. Having a stop loss prevents you from losing a huge amount of capital should a trade turn against you and continue to trend the other way.
Stop-losses protect you from losing all of your profits and assets in a downtrend. Stop Loss - a guarantee of security of your deposit, from a sudden drain. Reaching the level of Stop Loss transaction is automatically closed, as is the case with Take Profit, but in this case there is a minimization of losses. You need to limit your loss. There are countless stories of traders who thought that they were too cool for stop losses and blew out their entire account. Sl is Very important. Some traders prefer to trade without them so they never have to worry about getting stopped out which is very risky. Having a stop loss prevents you from losing a huge amount of capital should a trade turn against you and continue to trend the other way.