Stop Loss

Posted on : by : BlockGlossary

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Meaning of Stop Loss

This is a very common term used by traders to sell off their coin/token at a price they believe it will be followed by price crash to protect them from any loss or total loss.

For example, a trader can use stop loss feature of an exchange to auto sell when price falls to certain level while they are asleep to avoid waking up into huge losses and red portfolio if the price drops below amount set.

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