Quote from: iamsange on June 24, 2021, 08:12:41 PM

Quote from: sherryDEFI on June 22, 2021, 06:17:50 AM

Just curious, do any of you set stop losses and recollect again later? Or do you just HODL regardless of what the dip is.

Hold for promising coins and stop loss and change coin to retrieve my capital back. I am not much trade but i keep did that when in spot trading because sometimes we picked wrong coin in market and it can be happened (about price keep falling and seems hard to bounce back). Because if i forced myself to trade that coins again, it still can be risky too.

It can work as long as he can pick the right coins. With so many coins at the market, that can tempt them to pick the wrong coins and without doing analysis, he will not found the right coins. Stop losses will benefit you if the price is getting dump and still getting down after that so you can prevent losing big money. But if the price down is not too much and the price can bounce up, then the stop loss will not be necessary. You will know when you should use stop loss when you can analyze the market.