Quote from: bettercrypto on January 25, 2020, 02:46:50 PM

Quote from: wajik-tempe on January 22, 2020, 06:42:39 AM

Quote from: redigaffi on December 18, 2019, 12:17:05 PM

Hello,

I had this question in mind, since many of my trades with an adjusted stop loss got triggered, but then the market goes in the direction I wanted, but since it got triggered basically im out. I know this is due to big fishes messing around.

What do you guys think, is stop loss something or, or not so good?

It's just depend on how we use it, for me ppersonally it helped a lot with my trading style, i always place a stop loss whenever i entered a trade because i won't waste my time holding coins that already crashed. it's just the same with a knife, people could do cut fruits with it but they also could but their fingers by doing it.

Basically, cut loss strategy is helpful especially when you want to assure every trades. I am also emotional and I want to prevent myself to carry out in trading. Therefore, it will help me a lot to prevent a certain loss.
Actually, it is whom will use the cut loss strategy because there are traders can handle the loss but others prefer to limit their position.

in trading using a cut loss strategy will be more useful because one way to do risk management.
So we are thinking of bad too, but there are other ways like having a limit or making regular buy to minimize risk compared to cut loss