Quote from: Rikafip on Today at 07:59:15 PM

Good guide, short and to the point, as it's supposed to be. I wished I used stop-loss more often when I was trading , it would have saved me a lot of money. Cheesy

One suggestion though, maybe add voice too( but that's just my personal preference, as I like to hear voice in guide videos).

I tend to agree with you and this video was around 9 minutes long originally, but I removed the audio and cut it short on purpose to make it more simple and concise to avoid confusing people. A lot can be said about stop-loss and its usage and I didn't want to overload someone new with too much info.

Quote from: Charles-Tim on Today at 09:16:19 PM

Stop loss order is good but could be otherwaie at times, take a look at the scenarios

1. If you buy bitcoin at $9000 and you set stop loss to automatically sell bitcoin at $8500 when bitcoin price drcreased to $8600. Immediately the price deceased to $8600, the bitcoin will be sold, most people sell in getting stable coin in such time.

2. There are times the bitcoin price will reduced to a price below $8600 and your bitcoin will be sold automatically, but very also possible that the price may later increase back, even above $9000.

3. The was a time in March, 2020, when bitcoin within a day dropped from $7500 to below $3600, this was a great advantage for people that had used stop loss.

So, we should be careful and try the use stop loss at the appropriate time, not all time is appropriate but most time is appropriate.

I think you should always use stop-loss if you are trading, for hodlers this has less importance and it depends a lot on the context. Yes, there are many things to consider when using stop-loss, but in general the most important thing is to not be greedy and to set you stop-loss price objectively. If you know how to do it good and with high accuracy you will avoid scenarios where you get stopped at the bottom of a dip.