Setting up stop loss in your trading is really important, unfortunately for some people they had to learn that the hard way. There are different strategies for using a stop loss and normally what’s some people goes for is what is regarded as a full stop loss strategy.

This strategy is quite good and easy, but it does has its downsides and that’s because if you set an order to sell once your BTC is below a particular price, maybe while you’re asleep, BTC is volatile and it can go down to that price you have set and the order will be carried and before you wake up it has gone back up and above what it was. So in this case you’re still losing. I’ve had such an experience. It’s up to you how you choose to play your game.