Stop Loss & Take Profit

The stop loss is the foundation of risk management, and placing it well is the part to master. Nick walks Pepe and Solana charts to show where it goes: a few percent beyond the anchor point that started the trend, past the most respected swing high or low you find by looking left. From there, the take profit is simple math: one-to-one if your win rate carries it, or a wider target if you want each win to cover more losses. Then the habits around it: risking a fixed fraction of the account per trade, splitting that risk across several positions so you can bank some, move the stop to breakeven and let the rest run, and why a bigger account makes you more disciplined, not less.