I have used the stop loss to protect my investment, but with this market bleed, I have doubts if it is worth using Stop Loss. What do you think?
Cutloss was commonly used by swing or day traders but for long term most people do is adding or buying more when market is going down to lower your average buying price. And if market is bottomed already I don't think cutloss is s good strategy to do maybe adding more or buying is the best thing to do to lower your average buying price
Cut loss in long term trading will only make us waste time, and it is not good if coins that we hold for long time and we cutloss it, and then it's price climb back up. For me i will agree with people who said stop loss is good for daytrader.