Quote from: bitgolden on Today at 09:00:38 AM

I agree because recovering losses with other trades is easier than struggling with open trade without stoploss. Personally I have experienced trading without stoploss and I kept my open trade for weeks but market never bounced back; instead of booking a small loss at stoploss, I lost almost all my capital. Accepting losses and getting back to fresh mindset are the most important things every trader must get practice to. Because, these are the things will help you to recover your losses quickly rather than struggling in the wrong direction of market.

If you have tight capital, lowering the leverage can also help when you hit the stoploss. At 10x leverage you would only lose half of your margin if your pnl goes -100%. You would not be easily liquidated if you have proper risk management, I've learned this as I was trying to recover my loss also. Everytime I lose, my next trade will have bigger margin as I'm attempting to recover the previous loss but I ended up almost liquidated that time. Good thing I still have some balance in spot trading that I used the 25% of it to start again. Now, I'm slowly recovering from that loss not being greedy with my margins.