Quote from: Yamifoud on Today at 11:36:26 PM

Quote from: Cryptoababe on August 11, 2020, 11:43:42 PM

Hi All
I've been trading with btc for a while now with 4x leverage and without setting stop loss. But so far, I've been making profit. Although, I still have plan to reduce to leverage to 2x with time.
Due to current market, I've not been selling but buy. I wait for btc to reach a specific resistance price and then when the price come down, I buy and set take profit to almost the current resistance price.

It was an easy thing for you if you feel comfortable with it. You already find it good, making a good profit without a stop-loss setting, the fact that it works great for you then there is nothing you'll need to change.

I know curiosity makes such ideas and a new thing to discover. Yeah, a big adjustment to take but might be worth trying and possibly more effective. Anyway, you can still set it back to the normal things you've done if you never find it good. You can't assess how effective it was if we never had tried it.

I'm glad that you are always making profits even if you never try setting stop loss which i think is even more risky. Stop loss setting can be a great way to prevent you from too much losses and this is done by most of the traders here, but if you find it more profitable even without it, then there's no need to change your strategy. After all, making profits is our very first aim here.