Post
Topic
Board Trading Discussion
Re: Stop losses
by
Fredomago
on 05/07/2021, 06:07:49 UTC
in a trade, stop loss is used to anticipate if the market moves not according to what we planned,
yeah right, it will allow us to set our target goals, mostly use for short term trading to avoid having a big loss when market collapse.
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with the stop loss the transaction will close automatically, so we don't get carried away with bigger losses.
and it will also allow us to enjoy the short term pump if we also place our sell position for profits target.
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especially if we can't always be in front of the computer, then this can help traders to survive
the very use of stop and loss option, this feature allow traders to use their time spending with other important
things, not needed to closely monitor your computer from time to time.