Types of Stop Loss
Money Stop
Definition: A trader sets a fixed amount they are willing to lose on a trade, for example, £20.
Issue: This approach often leads to larger losses because it doesn’t align with market movements.
Advice: Avoid using the money stop.
Time Stop
Definition: Used mainly by scalpers, this involves closing a trade if it doesn't move...
Risk control stands as the core of any trading system, and the primary objective for every trader or investor is to safeguard their trading capital. The focus should always be on capital preservation before aiming for substantial gains. In the trading world, losses are part of the game, which is why each trade should be rigorously capped with a predefined...