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When is the best time to use a stop-loss order?

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There is no definitive answer to this question, as the best time to use a stop-loss order will vary depending on your individual trading strategy and goals.

However, there are a few general principles that you can keep in mind when deciding when to use a stop-loss order.

Firstly, you should always have a stop-loss order in place when you enter a trade. This will help to limit your losses if the market moves against you.

Secondly, you should consider placing your stop-loss order at a level where you would be comfortable exiting the trade if the market reaches that point. This will vary depending on your risk tolerance and other factors.

See also What Are Stop Loss Orders And How To Use Them?

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