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7 Benefits of using stoplosses
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Member Since Jul 20, 2020  153 posts ElliotCooke Oct 07 at 19:16
Stop loss is very useful for new traders. But to use stop-loss ou need to have proper knowledge about this.


Member Since Feb 07, 2020  41 posts ethan_65 Oct 08 at 09:18
Stop-loss has certain advantages which I wish to add in this thread:
1. Cutting your losses: Stop loss helps you to cut your losses and ensures you against a big loss.

2. Automation: Stop loss helps to automate your selling and hence you do not need to be present all the time.

3. To maintain ‘Risk and Reward’: It’s really important to maintain risk and reward while trading.

4. Promotes discipline: It’s really important to detach yourself from market emotions.

These are my thoughts on the benefits of stop loss for a trader.


Member Since Jan 27, 2020  1 posts abdalayahye Oct 08 at 09:58
if use large lots size its more risk stop loss so not good to use stop los


Member Since Jul 23, 2020  107 posts SofieAndreasen Oct 16 at 17:30
ElliotCooke posted:
Stop loss is very useful for new traders. But to use stop-loss ou need to have proper knowledge about this.

Especially knowledge of support and resistance level is important. Always enter the market with SL. Most of the new trader fail to do that.

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