Quote from: MFahad on Today at 03:09:46 PM

Quote from: batang_bitcoin on July 03, 2021, 09:25:16 PM

Quote from: RokokGudangGaram on July 03, 2021, 04:59:59 PM

Thank 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.

They're forgetting it because they're pushing their emotions rather than the important strategy that they have to use. And as they saw the bull market, they're forgetting to take some gains for their own share. While they're thinking that the market will go as high as it can, they don't know when to take profit and instead, they've taken losses so they have to cut loss again if they ever bought at the top without creating a strategy of when to profit.

Stop losses often get hit and then market moves in our direction. That's the reason people avoid using stop loss. If you are an experienced trader, you may avoid stop loss in spot trading but never avoid stop loss in future trading.

In futures, it's very important to use stop loss. And when you're in spot, you can avoid it if you want to since you're on the spot trading and you're monitoring the markets. That means that you're there and watching the market closely. If there's a sudden rushing plummet, you can close your orders and have yourself stop loss on your own manually.

Quote from: Johnyz on July 03, 2021, 09:59:28 PM

That’s too bad for them, I mean trading with a lot of emotions are not good and you can’t focus on your strategy if you are too emotional. Cutting losses as necessary, don’t let the market burn all your assets it’s better for you to prevent it at first by doing the cut loss strategy, save your money if you see already the downtrend, don’t wait for any signal as it is already confirmed once it hits your cut loss price.

We cannot blame them but it's a fact that if you're very emotional with your trades, you're prone to losses.