How do I set a stop-loss?

Stop-loss orders are essential for limiting potential losses by automatically executing trades at predefined price levels. Traders must set a stop-loss on every position. Additionally, no more than 3% of the initial account balance should be risked per position, meaning the potential loss from a triggered stop-loss must not exceed this limit. If a trader sets a stop-loss with a potential loss greater than 3% of the initial account balance, it will be considered a violation of the trading rules. Traders have 1 minute after entering a trade to set the stop-loss. To ensure it is properly recorded by our monitoring system, the stop-loss must be set as either a Stop Loss or a Trailing Stop Loss on Bybit. Conditional orders or any other order types will not be recognized as valid stop-losses.