No, stop losses aren't mandatory for your simulated trades in Seacrest Markets challenges. But we strongly recommend using them - it's a smart way to manage risk and protect your progress.
A stop loss is an automatic order that closes your trade if it hits a set price, capping potential losses. Think of it as a safety net: It prevents small dips from turning into big problems, giving you more control in volatile markets.
Key Benefits:
Limits Losses: Defines your max risk per trade (e.g., 1% of your account).
Builds Discipline: Encourages planning ahead, not reacting in the heat of the moment.
Fits Our Rules: Helps you stay under daily/max drawdown limits without constant monitoring.
Ultimately, it's your choice - trade freely. But incorporating stop losses leads to more consistent, stress-free results.
Disclaimer:
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