Why every trade needs a stop loss
A stop-loss is the price that automatically closes a losing trade — it's the single most important tool for protecting your account, and every FxErvin signal includes one.
What a stop-loss does
It caps your loss on a trade at a known amount before you ever enter. Instead of hoping a bad trade turns around, you decide in advance exactly how much you're willing to risk.
Never remove it
Widening or deleting a stop-loss because a trade is going against you is how small losses become account-ending ones. The discipline to keep the stop is what separates traders who last from those who don't.
Where FxErvin sets it
Every signal comes with a stop-loss calculated for the conditions when it was sent — which is also why you should never enter a signal the market has already passed.
Moving it to break-even
Once a trade reaches TP1/TP2, move the stop toward — or to — your entry, turning a winner into a risk-free trade. See managing your trade.