I love it, I use it for short term trades to enter and exit positions as a transitioner.
Saving enough money to fund a trading account takes a great deal of time and effort. It can be even more difficult if you have to do it twice.
Taking the time to develop a sound trading methodology is worth the effort. It may be tempting to believe in the "so easy it's like printing money" trading scams that are prevalent on the internet. But facts, not emotions or hope, should be the inspiration behind developing a trading plan
Stay focused on the big picture when trading. A losing trade should not surprise us; It's a part of trading. A winning trade is just one step along the path to a profitable business. It is the cumulative profits that make a difference.
The 2 percent rule states that you should stop a loss when it reaches 2 percent of starting equity. The 2 percent rule is an example of a money stop, which names the amount of money you're willing to lose in a single trade
Stop-limit orders are sometimes used because, if the price of the stock or other security falls below the limit, the investor does not want to sell and is willing to wait for the price to rise back to the limit price. ... If the stock price falls below $47, then the order becomes a live sell-limit order.
stop-loss is designed to limit an investor's loss on a security position that makes an unfavorable move. One key advantage of using a stop-loss order is you don't need to monitor your holdings daily.