SL (Stop Loss)

A pre-placed order that closes a position when price moves against you. Your max loss per trade.

In our system: stop loss must ALWAYS cover protected structure by 2 pips minimum (preferably exactly 2). For hybrid setups with enough RR, use 4 pips. Moving stops AWAY from price to 'give it room' is the single most expensive habit in retail trading.

Learn to actually use SL.

Definitions are the easy part. The free first five modules put this on a real chart and make you do the work. No card required.