how to fixed stop-loss in stock market

 Setting a stop-loss order is an important risk management strategy in the stock market. It's a predetermined price level at which you instruct your broker to sell a particular stock to limit potential losses. Here's how to set a stop-loss order:

1. **Log into Your Trading Account

   Access your online trading account provided by your brokerage firm. If you don't have one, you'll need to open an account with a brokerage that provides online trading services.

2. **Choose the Stock:** Select the stock for which you want to set a stop-loss order.

3. **Select "Sell" Order Type:**

   Typically, you'll choose the "Sell" order type when setting a stop-loss order. This order type is sometimes called a "Stop Loss" or "Stop Sell" order.

4. **Specify the Quantity

   Enter the number of shares or units you want to sell if the stop-loss price is reached.

5. **Set the Stop-Loss Price:**

   Determine the price at which you want the stop-loss order to trigger. This is the price at which you're willing to sell the stock to limit potential losses. The stop-loss price should be below your entry price to protect your investment.

6. **Select the Order Type:**

   There are different types of stop-loss orders, including:

   - **Market Order:** This order type sells your stock at the prevailing market price once the stop-loss price is reached. It offers the highest likelihood of execution but may result in a slightly different price than the stop-loss level.

   - **Limit Order:** With a limit stop-loss order, you specify the exact price at which you want to sell the stock. However, there's no guarantee of execution if the market price doesn't reach your specified limit price.

7. **Review and Confirm:**

   Carefully review your order details, including the stop-loss price, order type, and quantity. Ensure that everything is accurate before confirming the order.

8. **Place the Order:**

   Once you're satisfied with the order details, place the stop-loss order. Your broker will execute the order when the stock's market price reaches or crosses the specified stop-loss price.

9. **Monitor Your Position:**

   After setting the stop-loss order, regularly monitor the stock's price movement and adjust the stop-loss price if needed. You can move the stop-loss level higher to lock in profits as the stock price rises or lower it to limit potential losses if the stock price falls further.

10. **Understand the Risks

    While stop-loss orders are effective risk management tools, they are not foolproof. In fast-moving markets or during gaps in trading, your stop-loss order may be executed at a price significantly different from the stop-loss level you set. This is known as "slippage." Be aware of this risk and use other risk management strategies, such as diversification, to protect your portfolio

Remember that setting a stop-loss order doesn't guarantee that you'll avoid losses entirely, but it can help limit the extent of your potential losses in the stock market