Quote from: Danslip on Today at 10:59:24 PM

Quote from: terrong on Today at 10:38:48 PM

for me stoplos is a function to help traders reduce the risk of loss, I personally always use it in every trade because I can't keep track of the development of my asset prices, I also have a busy life out there that I can't possibly leave, if you don't need it then it is a natural thing because maybe you are a person who has a lot of time monitoring price developments, so not everyone needs it but some people really need it

Without stoploss the loss is inevitable, a single slippery on the order book can melt the all balance faster than we click the "close order" button on the trading platform. Having an experience doesn't mean the trader should trade without stoploss because the market doesn't forgive such cases. Single news can cause a flash crash on charts which can lead to stopping out.

This is true and we know on how crypto market do behaves when it comes to price movement neither it can pump unexpectedly or can crash in a blink of an eye where
you would really be leaving having a burned capital but actually stop loss is neither helpful or not depending on what kind of trader you are yet even myself dont
see this tool to be that necessary since ive been actively watching out my trades or position in the market but when i do get away from my pc then thats the time
i do set out these things to prevent further loss in case the price had go to the opposite direction as i anticipated.