Good day fellow traders, I'm thinking of using stop loss order in my trades, can you give me some advice how you use your stop loss order?
Anyone here that is trading without stop loss is making a big mistake. I have seen a lot of traders, especially new traders, who trades without using stop loss and at last they will start looking for what to blame, while they are supposed to be blaming themselves for not setting their stop loss.
Not setting up stop loss is the worst mistake a reader can ever make, because you never know when the price will fall. So urs best to setup your stop loss so that you dont lose too much of your money when the price starts to fall. There are already lots of links here, dont need to post more.