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?
The volatility of a particular crypto will influence where to place your stop, or else you may find potentially good trades getting stopped out if your stop loss is too tight. Also, proper risk management is always a must - a general rule of thumb is to not risk more than 2% of your bankroll on any particular trade.
Such knowledge needs to be there always before placing your calls and putting your stop and loss position, if you are well aware with the assets that you are following you can also adjust if you really sure about what you are supporting, else, trading is too risky know your position and understand what is the potentials before taking any steps.