Post
Topic
Board Trading Discussion
Re: Stop loss ?
by
Ahli38
on 19/02/2024, 01:04:48 UTC
how do you use a stoploss
I use two ways to use stop loss. Firstly, I use a stop loss to limit my risk of loss. and the second is that I use stoploss plus, namely a stoploss that is placed when we are already in a position to make a profit. I shift the Stoploss which was initially at a loss point of -1% to +1%. In this way, I manage the risk of loss and also ensure that I don't lose profits when the price suddenly drops again when my position was initially in a position to make a profit. Because Stoploss is closely related or part of risk management itself. But how to use it must be adjusted to what type of trading we use. Whether scalping, swing or long. Is it spot or future. Everything has to be readjusted. But the most important goal is to ensure that we do not experience losses beyond what we can afford.