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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.

HODL is not always the answer if you are a real trader you won't believe in HODL since there's a lot of opportunities to earn in the market whether the price is going up or going down. Not having a stop loss in trading I can say is a mortal sin, every intermediate or pro traders always has a stop loss whenever they enter the market.

While the bull run continued, few people remembered about the stop loss. But as soon as the market turned in the other direction and investors began to experience Fomo, everyone begins to understand that it is better to fix your loss than to continue holding a position whose price is decreasing every day. In addition, stop loss provides an opportunity to enter the market on more favorable terms.

This is a clever observation, people became complacent, the bull market had been going for almost a full year at the moment and people thought that this was going to continue forever, but we know the truth, at some point things were going to change and the market will suffer a correction, and just as people left behind the usual precautions that they took that is when the market crashed and they suffered huge losses because they forgot to put a stop loss.

https://bitcointalk.org/index.php?topic=5345160.msg57377780#msg57377780Thank you for pointing that out. While this is a fact, many people still failed to do so and incurred losses and had fainted hearts. And perhaps they are failing to do it around this time as well, which can be due of too much eagerness and forgetting some important matters to consider in doing HODL.