Stop Loss & Take Profit - Word Of The Day

Welcome to today's episode! We're diving into essential trading strategies: stop loss and take profit.
🔍 What is a Stop Loss?
A stop loss is an order to sell a security when it reaches a certain price, designed to limit your losses. However, remember that for any sell order to be executed, a buyer must exist. In volatile markets, your stop loss might not hit the exact level you want, potentially resulting in a worse price. This is especially true during weekends when classical markets are closed.
⚖️ Types of Stop Loss:Fixed Stop Loss: Set at a specific price.
Trailing Stop Loss: Moves with your position, maintaining a set percentage below the highest price.
💹 Take Profit:
Similar to stop loss, but it's used to secure profits. It also comes in fixed and trailing types.
👋 Visual Explanation & Memes:
We'll illustrate these concepts with hand gestures and a fun meme!
🎯 Key Takeaway:
Using stop loss and take profit is like having a safety net and a golden parachute in trading. Stay safe out there!

Thank you for watching and don´t forget to subscribe!
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Disclaimer: The information provided in this video is for educational and entertainment purposes only. It is not financial advice.

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