All terms
Definition
Stop Loss
A Stop Loss is an order that automatically closes your trade to help limit losses.
Quick take
Auto-closes your trade to limit losses.
Keep this in mind every time you see stop loss on the chart — context is everything.
Did You Know?
Professional traders set stop losses based on market structure — not on how much money they're 'willing' to lose.
Common Beginner Mistake
Moving the stop loss further away to 'give the trade more room' — the #1 way beginners turn small losses into account-killers.