You must use Stop loss for each trade.
Hey everyone. Do any of you professional traders out there have advice on the best situations to use stop-loss in a trade? It would be much appreciated.
ricseb
Indeed, I put a stop loss of 10%-20% on every trade I encountered because when bitcoin pumps hard all the altcoins will surely dump and takes time to recover or or even not. Its better to put some stop loss than to wait forever to pump back the coin you bought.
10% of stop loss is very big, dude
I always target only 3% if I lose. I just think maybe if only loss about 3% alone I can get it back from another coin.
But if for 10-20% it is too far for me, I am not a big capital owner, so I really regret if you have to lose 10-20% of your initial trading capital.