Stop Loss
A preset exit that closes a trade if price moves against you to a chosen level, capping the loss. It is usually placed as a stop order with your broker.
You buy 100 shares at $50 with a stop loss at $47, limiting the planned loss to about $300 unless the stock gaps lower.
Please use one. It caps your loss before you even enter.
A preset price where you get out if the trade goes against you.
A preset exit that caps your loss.
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Trading in the Zone
by Mark Douglas
[Placeholder: your one-line take on why this book helps with Stop Loss.]
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