Post
Topic
Board Altcoin Discussion
Re: How to manage your stop loss for good trading result.
by
alisonwonder
on 16/10/2020, 16:44:36 UTC
Stop loss gives a fake feeling of control over the situation. On the one hand, it is good, and on the other it makes a trader feel secure and relaxed and theses emotions are unlikely to bring profit) So stay online in the control of the situation)))

Yeah. It's better to have and manual override than to let stop loss initiate. I mostly don't use a stop loss as I believe the coin and range I'm targeting would not fall below my prediction. And if it did, I'd rather hold my coin than to sell than cheap.
I have also switched to crypto to crypto trading from the USD one as though the usd one would have gave me clear profit in terms of my investment, the profit lies in holding the coins rather than trading and accumulating USD.
when you trade using USDT it will indeed look a little safer because you are using a pair that has stable price movements whereas if you use cryptocurrency when the price falls you will experience a lot of losses, maybe if you don't want to get a lot of losses then you can apply trading long-term coins that have the potential for price to go up.