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RE: Steemit Crypto Academy Contest / S14W5 -Exploring STEEM/USDT Trading
Hello friend, your explanation about the importance of stoploss is well understood. The points you highlighted like mitigating losses, spreading of risk, achieving an appropriate risk to return ratio, are all major reasons for using stoploss in our trades.
More especially it ensures that you remain relevant in the market (capital availability).
Appreciate you explanations. Wish you the best in this contest.
Thanks happy to hear that you learn something new