What is best way to use Stoploss?

<p id="isPasted">There are multiple ways to do that.</p><p>(1) First way is fixed x% below the last price, where x depends on volatility of stock,</p><p>(2) Second way is trailing stop loss, depending on some technical indicator you are good with.&nbsp;</p><p>But, I must warn you that good stop loss point comes with practice and is quite subjective, no matter what books say. You will never hear a top trader using objective (algorithm) based stop loss, unless he is high volume &amp; low margin institute-grade trader. Best traders use intuition based stop loss, that comes with their experience.</p>

<p id="isPasted">There are two types of stop losses one is trailing and other is simple stop loss.</p><p>When you are in profit say for e.g you bought at 100 and stock is now 110 and you put the stop loss at 105 it will be trailing one and at 95 it will be simple one.</p><p>You can do technical analysis and find out such a points from where stock usually changes its trend and place accordingly. To know more about technical analysis you can check out www.investopedia.com i usually keep stop losses based upon my past experience. Always remember trading is more of a psychological game rather than mathematical. Happy trading!!!!</p>

<p id="isPasted">Stop-loss orders prevent losses by closing out a position when losses reach predetermined levels.</p><p>When you place stop-loss orders outside the price range of the currency pairs being traded, you can protect your position even if the market suddenly swings the other way.</p><p>You can protect yourself from losing too much of your investment in one trade by using stop-loss orders. Taking profit helps you to lock in what you’ve already earned.</p><p>Don't hide from the loss or blame anyone else or markets for the position you put yourself in. You are the only one who controls your trading, takes ownership, and makes changes in your risk management, trading strategies, and goals to better yourself the next time around.</p><p>Though it will not be a pleasant exercise to do, all successful traders would say that honest and brutal analysis of each loss is what helped them recover and turn their trading for the better.</p>

<p id="isPasted">There was a simple 10% stop loss rule used in the strategy. Upon exceeding a 10% loss, the portfolio was sold and the cash was invested in long-term US government bonds.&nbsp;</p><p>Once the stock market recovered from its 10% fall (the 10% stop-loss was recovered), cash would be moved back into the stock market.&nbsp;</p><p>When buying a stock, a stop loss should generally be placed at the low of the most recent candlestick.&nbsp;</p><p>Similarly, when selling a stock, one should place a stop loss at the high of the most recent candlestick.</p>

<p id="isPasted">A pin bar trading strategy is known as a 'Stop Loss Placement Strategy. On pin bar setups, your stop loss should usually be placed beyond the high or low of the pin bar tail.&nbsp;</p><p>A second strategy example is the 'Inside Bar Trading Strategy Stop Loss Placement'. Your stop loss should be placed on an inside bar setup that is solely beyond the mother bar high or low.&nbsp;</p><p>Another stop loss/take profit strategy example is the 'Counter-trend Price Action Trade Setup Stop Loss Placement'. You should place your stop loss just beyond either the high or low made by the setup that indicates a potential trend change when trading a counter-trend trade setup.</p>