Quote from: goldade on Today at 08:35:05 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.

I believe that depends on what you're doing. If you're trading, then it is advisable that you should use stop Loss. It's about the most effective way one can employ to minimise loss as much as possible. In order to safeguard your capital or asset, then you should use stop Loss.
Hodling on the other hand doesn't require the use of stop loss. All you need to do is keep the coins in a wallet, set a time to sell and take profits (usually months to a few years), and then sell. You don't need to bother yourself with the price movement between the entry point and the exit point

In short, it does depend on your own needs because not all the times on where stop loss would be relevant and there are times which it isnt really needed because if there are some sudden change of trend then

you can easily opt in to hold because once stop losses been triggered out then theres no way you would able to recover those losses compared when you are just on negative you can still recover if you do just simply
hold.

Stop losses are just relevant into those people who are making active trades and not to the ones who do mind about only on long term holds.