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What is a stop loss order? How do I place a stop-loss order? Stop losses - to use or not to use? Stop loss orders are important to limit your losses if a trade goes against you. You can't expect to win all the time and it is important to cut trades when things are not working for you. A stop loss is where you exit a trade at a loss if your 'trade idea' (thesis) is wrong. What are stop loss orders and how to use them? OK.
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