Quote from: letecia012 on February 10, 2019, 09:01:02 AM

Its fine to put a stoploss but not so close to the current price maybe -10-15% to avoid FOMO. once quick rebound happen there are some instances where market suddenly goes -5% and would quickly recover. -10% is much safer cutloss for me.

Yes, in a sideways markets, stoploss might lead to unnecessary losses whereas I always strongly suggest stoploss for safer trading in a leveraged trading. Moreover, for crypto trading, when you are able to hold your assets infinitely, I believe there will be no need to go for stoploss given that you are trading only highly potential coins which are having assured future like bitcoins and ethereum.

Stoploss is necessary where you are unable to continue trading like leveraged environments. Trading safer is good always, for that stoploss is helping us to prevent big losses whereas for a long term based markets, it seems unnecessary with some conditions. In short, if you are shorting cryptos then you must use stoploss without any secondary thoughts.