Glossary
Stop-loss
Also written or said as: sl, stop, stop loss, stopped out
An automatic sell that fires if a coin falls to a level you set, to cap your loss.
You buy at a $100,000 market cap and set a stop-loss at $70,000, so if it drops 30% you are out. On memecoins a stop can fill well below your level in a fast crash, and a rug can be quicker than any stop. It still caps most losses far better than hoping.
Learn it properly inStop-losses and trailing stopsThe trading playbook · 4 min readRelated words
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.