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these before shares of and stock at $150 the. but you adapt case the market environment unexpectedly smart, your-L today Order You set a stop-loss order at $140, limiting your potential loss to $10 per share.

• Take-Profit Order: You set a take-profit order at $180, locking in a $30 per share profit if the stock reaches your target.

If the stock price drops to $140, the stop-loss order triggers and sells your position, protecting you from further losses. Conversely, if the stock rises to $180, the take-profit order ensures you lock in profits without having to do anything manually.

Conclusion

Stop-loss and take-profit orders are powerful tools that can help traders manage risk and secure profits. By setting these orders in advance, you can remove emotion from the decision-making process and stick to your strategy.

Remember, setting the right levels is key to using these orders effectively. Be mindful of your risk-reward ratio, adjust your orders as market conditions change, and always use stop-loss and take-profit orders as part of a broader risk management strategy.

Take control of your trades and let your strategy do the work – set your stop-loss and take-profit orders today!