Are you always late to close the position before the market reverse?
Here is how to prevent it
How to use a Stop Loss?
One of the trading strategies is to put the stop loss below the level from which
you are opening the position and the take profit before the next level if we are
talking about the buy position.
To avoid the fake breakdowns, stop loss may be located under the previous level,
but it depends on your risk management. Take profit also may be further. it
depends how quick you want to obtain your profit.
Why to use a Stop Loss?
And remember, losses are a natural part of trading, and they do not define your
trading
career. It's essential maintain a positive mindset and stay focused on your
trading goals.
We remind you that you have been assigned a personal support manager to assist
you with any questions or concerns you may have, and to help you achieve your
trading goals.
