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?
The use of stop loss is a very important life-saving tool that users who use in daily or very short terms should definitely use it. Although it is a remorse because it is used in some cases, it is necessary to know that it has many benefits especially in bad market conditions. To give a short example on my own transactions, I had a 4000 USD fund liqudate by not using stop loss 2 weeks ago. Although this is a very painful experience for me, losing this money, which I previously earned by using stop loss, did not affect me financially. If I had used stop loss, that money would continue to be in my wallet with a maximum loss of 200-300 USD, and perhaps I would have been able to cover it with other transactions. For this reason, I attach great importance to the use of stop loss and I think it is necessary. Of course, short-term price movements and some needle movements on the graphics will close with stop loss positions, but you can be sure that instead of losing all the balance in your wallet, losing a small percentage of your wallet balance will hurt much less.