There is a recent addition in most exchanges and that is stop loss capabilities. Do you think this will improve trading experience and ensure one remain profitable on the long run? What is your thought about this?
stop loss feature have bad and good things. so you should think again and again before using this feature. Because sometimes it helps the trader to avoid loss and some time it through in loss.If you can not know more about this feature you can search on youtube that helps very much. But I think it has the more good feature than bad .thanks
I don't think stop loss has a bad thing to do with your trade. Stop loss is an advantage for a trader in order to avoid continuous further losses. Let's just admit it that as a trader, we should accept the fact that when we made a wrong decision, we should accept it in order to avoid worse situation. In this case, a stop loss could save us.
I don't know why someone would think that stop loss is really a bad thing? It is never been bad to have this tool, in fact this would really be helpful when it comes to short trading.For large swing trades then this thing wont really be necessary but for short ones then using this would be crucial. Risk and reward ratio system where setting up stop loss for a possible outcome profit.
It depends on exchangers if they would choose up to have this tool or not but I would say this should really be put up in consideration.