I like to tell new guys going to trade not to avoid using stop loss. If you want to avoid take profit you can but don't ignore stop loss.
I have been trying to do trading/scalping for some time now and i often encountered this word "stop loss". I am a bit intrigue with this word and honestly i have not used this one.
What are the advantages of this stop loss? Is there a link where we can fully understand how to used it in our trading, i mean the actual application. Hope someone can enlightened me on this one.