๐จ( day 9):๐ก๏ธ STOP LOSS: Your Trading Insurance! ๐ธ
"In the crypto market, everyone talks about 'Profit', but no one talks about 'Survival'. On Day 9, we will learn about the tool that protects you from being out of the market!$BTC $ETH $BNB
Why should Stop Loss (SL) be in every trade?
Protect from Big Crashes: ๐ No one knows when the market might drop by 20-30%. SL saves your account from going to zero.
๐Emotions vs Logic: ๐ง In a falling market, we 'Hope' that the price will come back, but SL works on logic and gets you out at the right time.
๐งฐCapital Preservation: ๐ฐ Trading is a business. If the capital is preserved, then you can trade again tomorrow!
Risk-to-Reward Rule: ๐ Always set a target of 1:2. This means if there is a risk of losing $10, then the target should be to earn $20.
๐ช:Golden Rule: Stop fighting with the market and befriend Stop Loss! ๐ค
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