Hi All,

I'm a semi-newbie. I've got some various altcoins and I want to make my first trade on Poloniex. I've got a Poloniex account.

My trade is very simple. I want to deposit some of my altcoin aaa into Poloniex and trade it for altcoin bbb. Then I plan to transfer bbb to another site where I can convert bbb into fiat. Pretty simple.

Do I need to set up a Stop-Loss for this trade on Poloniex?

Thanks,

PS: My iron-clad rule is to absolutely minimize the time that I'm not controlling the private keys to my altcoins. So I never keep my altcoins on exchanges longer than needed.