Like A Pro
Learn how to set a robust stop-loss like a professional
when day or swing trading in the financial markets.
Sometimes, day traders can set their stop-loss on the entry time frame though that is not
If one is an active day or swing trader or scalper, one ought to use a reasonable, but suitable stop-loss to manage the risk. Generally, position traders use call or put options to hold their positions. In that instance, their risk is the expiration
of the options; and the premium that they have paid. Those options or position traders usually use hedging strategies
to defend their positions. They also put in place defensive measures to defend and protect colossal positions. Other market participants use binary betting instead of the normal spread betting to reduce their risks. Whether, one is a normal technical day, swing, scalping trader or position trader, one will take appropriate measures to manage the risk.
Indeed, the number one goal of all those exercises is to stop losses. After all, financial market participants who do something about stopping, reducing or managing losses will survive the ups and downs of this moody financial market.
Always use a stop loss, and do not forget to use one. The ultimate goal is not to lose, therefore, one can only do that if one can control the losses or risks. Never trade any financial instrument if there no way one can control or stop the loss.