I want to ask for some long term hodler or altcoin gem hunter there.
Are you considering having a stop loss for every altcoin you bought for long term?
Like for example. You buy this coin x at $3 but the price dumped, and just like trading, do you still put stop loss or cut loss?
Like you will sell the coin once the price reach $1?
Till now, I don't use any stop loss because I expect a goal from where I invested. If I need to wait to fullfill it then basically I wait till then. I rarely use my funds for short term. I always prefer long term investment and I don't use any stop loss for it. Because market can retest then for using stop loss my requirements will not be fullfiled. That's why, I don't use any stop loss for long term gem.