I Am stock in-between the decision to trade and when to go on a break from trading, but I will like to have my capital on a stable trade and am considering using the stop lose features on the exchange to execute trades on my behalf while being away.
So have anyone used the stop lose the feature please share your experience.
I suggest everyone to use stop-loss feature but I still think it depends on what kind of personality you have.
1. Are you a person who can risk his capital for planned profits even if something doesn't go the way he wants, go va bank and wait for years if necessary? (Reminder: There were some people who sold houses and bought bitcoin back in 2017. They thought that they lost everything but if they waited for 4 years, then they would see 3x profit).
2. Are you a person who gets anxiety and the rash of jittery adrenaline when something doesn't immediately goes the way he/she planned? If yes, then you need stop-loss feature or better forget trading.
3. If you are between these two, better to use stop-loss and improve your trading and research, analytical skills.