What do you guys think, is stop loss something or, or not so good?

[Juskopo]

What do you guys think, is stop loss something or, or not so good?

[TraderBR]

I believe is important, because it prevents the bear from destroying the capital. Of course, no one invests to lose, but it's part of the market game. The most important thing is to do the homework and not keep sorrows from the market.

[Sendo12]

Setting a stop loss is a huge help to minimize our losses. This allows us to put a limit on how much we could afford to lose.

[AbdulShiek]

Stop loss is a life-saver for a day trader like my self. I use different trading approach every time I use Stop loss.

[Mr. Cid]

Stop-loss functions only for daily trading activities. It is also effective when the market conditions are not favorable to you.

[Newbie_trader]

I always focus on my profit so I kinda forget this method.

[Mr. Cid]

I always focus on my profit so I kinda forget this method.

Try not to forget to main the risk-reward ratio whenever you use stop loss.

[Newbie_trader]

Try not to forget to main the risk-reward ratio whenever you use stop loss.

It's our nature to study everything. All the knowledge we know will disappear when we panic.

[Trader_Rob]

It's our nature to study everything. All the knowledge we know will disappear when we panic.

That's true. We get this mental block when the real deal is here. That is why it is also important to practice so that we will become comfortable and applying the theories we have learned.

[Aya]

That's true. We get this mental block when the real deal is here. That is why it is also important to practice so that we will become comfortable and applying the theories we have learned.

That is why stop loss is just as important as the take profit feature. This would limit your losses. We often lose focus when we see the price dropping drastically and we end up closing at the lowest point. But if we had set a stop loss, then this could be prevented.