Post
Topic
Board Trading Discussion
Re: few questions about trading
by
palle11
on 01/03/2022, 15:11:34 UTC
I think stop limit and stop loss are the same. Stop loss is simply to set a range to prevent your losses. Hope this can help you.
Stop loss, stop limit and stop price are all the same thing, but stop loss and stop limit are most commonly used on exchanges. Theoretically, that is the definition of stop loss, to minimize the loss that could have happened, but practically which all traders would have experienced before is that stop loss has its own disadvantage, the market can correct itself back to the opposite direction to favor a trader, but if stop loss was used, the stop loss order could have been filled.

Lol.... Yes that is the disadvantage but check for how many traders that won't use stoploss and see how many times they will keep regretting of losing the balance or fund and try to recredit the account. If you don't use stoploss, you are likely to be losing your capital. Except there are other proven better ways to trade and be profitable than using stoploss.