Post
Topic
Board Trading Discussion
Re: The psychology of stoploss
by
ardentvolcanoes
on 10/10/2021, 03:52:33 UTC
We always trade with profit and stop loss when we open the trade because the market often moves in huge quantities, if you are not in the market and if the market goes against you, your balance will not take time to run out many of us trade part time. Can't stay close to the trade seen at many important times. As such, it is much better to set up TechProfit but I am not in favor of setting staples. I trade small lots, analyze, trade big charts so I don't need stops.

Interpreting the market movement is a tough job, if you are into this business and you have limited time to stare at your devices

stop-loss will more likely be useful for you, you can set it up and allow taking the risk of losing, volatile market really hurting traders butt

inside crypto market, stop-loss with small difference can be triggered right away.  Before knowing it the market already pump back, make

sure that you are willing and capable to accept that, it will helps you to learn more about this feature and adjust to more competitive settings.