Glossary
Daily loss limit
Also written or said as: loss limit, daily stop, max daily loss
A cap on how much you let yourself lose in one day before you stop trading.
For example, you stop for the day once you are down 10% of your bankroll, whatever happens next. It keeps one bad afternoon from turning into revenge trading and an empty wallet. Some bots and apps can enforce it for you; by hand it takes discipline.
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This guide is for learning. It is not financial advice. Most memecoins go to zero and most people who trade them lose money. Only ever trade what you can afford to lose.