Financial Spread Betting - Stop That Loss
Understanding how to stop losses effectively is a fundamental part of any financial spread betting strategy. But what is this thing called a 'stop loss'? On the face of it, suggesting that we specify that we would sell out of our bet at less than the current market price sounds counter intuitive. Why on earth would we want to make that loss?
To find the answer to that, we need to look at our overall risk strategy for financial spread betting. Risk strategy is our overall approach to how we mitigate the potential for loss within our overall trading strategy. In my earlier article 'Establishing a financial spread betting strategy' we looked at why our overall approach would be to limit our losses and maximise our gains. Sounds
simple, right?
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