- A stop-loss order is an order placed with a broker to buy or sell a stock once that stock reaches a certain price to limit an investor’s loss (setting a stop-loss for 10% lower than the price at which you bought the stock will limit any losses to 10%).
- The same is true of troubles – spend time to ask just how much anxiety or damage to your health is a problem actually worth to you.
- When you hit those parameters, unload the problem to help mitigate the losses to you personally.
- Most people needlessly hang on to troubles that would be better off dismissed.
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