Why using a Stop-Loss is crucial while trading?

The most common misjudgment of volatility always happens when people think using a Stop-Loss is not necessary. A Stoploss is a trigger that takes you out of a trade because the trade outcome is negative. This trigger will take out the value you decide and convert it into your standard currency. Using one effectively means that you reduce your risk of losing more than you want to, it will make what you dictate, so if you are on the toilet and price changes rapidly against you, you will not miss the moment to sell. Using a Stop-Loss is crucial to becoming a successful trader