Lots of traders often criticize stop loss function because it takes away the possibility of recovery but I don't know if even 10% of coins that go down ever recover unless a certain Elon Musk is sitting behind to help it.
elon musk only helps shitcoin and meme coins but not all have given a chance by elon so if you are a trader that picks up those kind of coins ,
stop loss can be your best freind because coins like that can rarely recover and maybe those who said that stop loss is bad are only trading good coins because they can recover easily .
in all our trading activities ,Stop Loss is what we need to use as weapon to beat losing , because if not then surely our failure indeed will come.
and Elon is part of Manipulating team and we cannot expect good from this person but total BullSh!t for the whole crypto community and market.
Our losses won't grow when we use a stop loss and I guess we can't call this a failure yet because this was only small and small losses are easily recoverable .
no one wants to be a failure in their trades because that can cost huge money .
We need to learn how to use a stop loss even if we are sure with the coin that we chose because they can change direction and then we need to ignore Elon because for his manipulation to get less effective .