Stop loss is one of the most basic market orders, which orders the stock broker to close the trade when a loss has reached a certain point. Due to the nature of trading, stop loss is required to maintain a good risk:reward ratio and to limit our losses to the minimum.
When trading chart patterns a question that boggles many traders is the following: where to place the stop loss. In this article we will describe the most effective stop loss techniques for chart trading.
May 2nd, 2012
Steve
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