Stop-loss and take-profit levels are fundamental tools in the trading arsenal. They set predefined points at which a trade will be closed, either to prevent further losses or to secure profits. Setting these levels not only aids in managing risk but also removes the emotional aspect from trading decisions.
​Conversely, take-profit orders ensure that profits are captured once a trade hits a certain level. By setting realistic profit targets, you can lock in gains without falling prey to market reversals. It's always wise to reflect on your market analysis and set take-profits that align with your broader investing objectives.​
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