What is best way to use Stoploss?

<p>Stop loss is a risk management tool that is used to limit potential losses in a trade. The best way to use stop loss is to place it at a level beyond which the trade's thesis would no longer be valid. This level is commonly referred to as the stop loss level and can be determined using technical analysis or other methods. Additionally, it is also good practice to place a stop loss order at a level where it is less likely to be triggered by random market noise and more likely to be triggered by a significant change in market conditions.</p>

<p id="isPasted">There are multiple ways to apply stop loss in trading, You can look at any of them</p><ul><li>You can place a stop close according to the percentage</li><li>You can place a Stop-loss according to the amount</li><li>You can place stop-loss according to support or resistance level</li><li>You can place Stop-loss according to indicators.</li><li>You can place Stop close according to moving averages</li><li>You can place a Stop-loss according to the daily closing Trend</li><li>You can place Stop-loss according to the psychological level</li></ul>

<p id="isPasted">The best way to use a stop-loss order depends on your trading style and risk tolerance. However, there are some general tips that can help you to use stop-loss orders effectively:</p><ul style="margin-bottom:0cm;" type="disc"><li style="margin-top:0cm;margin-right:0cm;margin-bottom: 7.5pt;margin-left:0cm;line-height:normal;font-size:15px;font-family:&quot;Calibri&quot;,sans-serif;color:#1F1F1F;background:white;">Place your stop-loss order below a key support level.&nbsp;A support level is a price level where buyers are likely to step in and support the price. Placing your stop-loss order below a key support level will help to limit your losses if the market breaks below that level.</li><li style="margin-top:0cm;margin-right:0cm;margin-bottom: 7.5pt;margin-left:0cm;line-height:normal;font-size:15px;font-family:&quot;Calibri&quot;,sans-serif;color:#1F1F1F;background:white;">Use a trailing stop-loss order.&nbsp;A trailing stop-loss order is a stop-loss order that moves up with the market price as your trade moves in profit. This will help to protect your profits from being wiped out if the market suddenly reverses direction.</li><li style="margin-top:0cm;margin-right:0cm;margin-bottom: 7.5pt;margin-left:0cm;line-height:normal;font-size:15px;font-family:&quot;Calibri&quot;,sans-serif;color:#1F1F1F;background:white;">Use a percentage-based stop-loss order.&nbsp;A percentage-based stop-loss order is a stop-loss order that is placed a certain percentage below your entry price. This is a good way to ensure that your stop-loss order is not too tight, which could lead to you being stopped out of your trade prematurely.</li><li style="margin-top:0cm;margin-right:0cm;margin-bottom: 7.5pt;margin-left:0cm;line-height:normal;font-size:15px;font-family:&quot;Calibri&quot;,sans-serif;color:#1F1F1F;background:white;">Don't be afraid to move your stop-loss order. If the market is moving in your favor, you may want to move your stop-loss order up to protect some of your profits. However, be careful not to move your stop-loss order too close to the market price, as this could lead to you being stopped out of your trade prematurely.</li></ul>