Good day fellow traders, I'm thinking of using stop loss order in my trades, can you give me some advice how you use your stop loss order?
In general, it is a good idea to use stop-loss orders
But you shouldn't use them blatantly and thoughtlessly. To put it differently, you shouldn't force yourself to use them just because it is the right thing to do. They should come off sort of naturally and I'm not kidding. When you force yourself to do something even if it is technically a right thing to do, you will break sooner or later making a lot of foolish mistakes in the process. But when you use them with a deep feeling of doing the right thing without inner resistance, you won't hesitate to push it through when the time comes
Yet to try the option. But i feel one should just learn everything. I invested in PXG few weeks ago and seriously lost 50% of my investment. This was a good experience. Learnt that i should not invest in any coins without studying its background. Now, moving very carefully and picking up the best coins to invest after a complete study of the coin.