Quote from: cytpoway121 on March 06, 2021, 09:13:02 PM

Quote from: palle11 on February 17, 2021, 01:05:20 PM

2. Use of stoploss all the time: This help your losses to be minimal.

This is the best way to succeed in crypto currency trades with minimum losses; always use stop loss, with the usage of stop loss you get to decide the percentage losses that you are able and willing to bear; and you stay safe 90% of the time. Trading without stop loss, is like driving a car without fuel, you would run out of funds. Always do your own research

The proper use of Stop Loss is excellent when you have control of what you are willing to spend, many times when trading is not fully determined how much the person is willing to lose, the person only has in mind how much he wants to win , and already out there is a mistake. If people before trading wondered how much they are willing to lose, things would work out differently.

The stop loss even serves to extend the win, when we are in a winning position many take 100% profit, but if we only take profit of 60% and let the other 40% run, we would be earning more, only the Stop Loss would be manipulated.