take profit and stop loss is the basic concept of a trade, when a trader want to do a trade he should assume that how can he get and how can he loose, so it is very necessary for your saving the your capital, If you do not take stop loss then its can be happens with a trade you can loose your all capitcal but if a trader put stop loss he can save his capital for more trades if one loose then other trade can return his loosed capital.. so its necessary to put stop loss....
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