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.
I never tried it but i think, it is highly needed to make a limitations and cut the loss whatever happens during with our unguarded moments in trading. Bitcoin price is unpredictable and it is more safe to put a stop loss.