in a trade, stop loss is used to anticipate if the market moves not according to what we planned, with the stop loss the transaction will close automatically, so we don't get carried away with bigger losses. especially if we can't always be in front of the computer, then this can help traders to survive
Yes, I agree. In trading stop loss is a tool designed to limit the maximum loss of a trade by automatically liquidating assets once the market price reaches a specified value. There are multiple types of stop loss that can be used in different scenarios depending on the crypto market situation. It can sometimes be difficult to avoid loss due to the many possible market outcomes, but stop loss can be helpful even for new and inexperienced traders. Stop-losses are essential for risk management, traders can calculate what position size to take and how much money to risk in a single trade. Stop losses is a technique for you to avoid a big losses in trading and I think it will help traders to survive especially to all the newbies that doesn't know yet the technique on preventing having big losses.