Post
Topic
Board Trading Discussion
Re: stop loss management
by
fasdorcas
on 21/11/2018, 10:13:58 UTC
a very confusing choice of course regarding the price of bitcoin and altcoin at this time which further decreases the price again, stop loss or not it all depends on each of us, because whatever decisions we take are all risks we will bear ourselves, so think about using our own speculations and predictions and follow our hearts to make decisions.
Nothing confusing at all when it comes to the usage of stop loss. Do you know what makes the difference between a professional trader and someone who is a novice ? Their ability to stick with their plans and never because of some emotions make the mistake of not doing exactly as planned.

As long as things are not going according to plan which you already had set out before entering the trade, it is better to get out and then look out for another entry. I know a lot of people tend to be a whole lot skeptical when it comes to the use of stop loss, but in the real sense, without it, you are easily going to be screwed.