Traders are risks takers. Though fear may set in sometimes, they push such thoughts aside and refuse to let it influence their decisions. Traders who allow fear control them cannot be called good Traders. Traders lose money sometimes, they go through alot that may get them all emotional. A good strategy, experience and good risks management is all they need and not fear. Fear has never been of benefit to me.
Trading is risky but professional traders are not risk takers. They aware about risk of the market and trading in this volatile market, but they are professional with knowledge, experience and necessary skills to control risks and reduce risk effects on their trading positions as most as possible.
They can do it through some best weapons in trading: Stop loss order, Stop limit order.
Stop loss order.Stop limit order.What's difference between Stop loss and Stop limit orders.