We will be able to avoid large losses and even margin calls with this kind of stop loss, where many traders even ignore it
The use of stop loss can limit the losses we experience, because we will get the loss
the use of stop orders is usually used for people who like to use momentum to open positions
I think like it or not, stop loss must be used by all types of traders
limit our loss means we appreciate the money or capital we use
and it can mean that we already have the right thoughts about treating trading itself as it should be
Momentum can indeed happen at any time and when we use stop orders, we don't have to be afraid to lose momentum when we are trading.
With this pending order facility, we can also be more calm so we don't need to see charts too often
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