The utilization of a stop loss is not required either during trades in the evaluation phases or on the master account. The primary rules dictate the attainment of profit targets, while also adhering to the maximum daily loss limit and the maximum overall loss limit |
A stop loss is like a safety net that automatically stops your trade if it's losing too much money. It helps you set a point where you'll exit a trade, which reduces the risk of big losses and helps you manage your risk better. |
Using a stop loss is up to you, but it's a good idea for responsible trading and risk management. |