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.
Yes, I do make use of the stop last feature for trading at times. It is quite a useful tool for traders, because it will help you to be able to manage your risk while trading in the cryptocurrency market and to cut short your losses. it's hard to predict when the market will go against, so you might end up losing more than you have expected. But with the stop loss feature, you can be able to stop that loss from going further more than it should.
Although I have seen some people who said that they don’t like the stop loss tool, because sometimes the market do reverse back up, and they end up missing an opportunity of earning when the market reverses. So, anyone who is making use of this tool should understand that it is simply meant to stop your loss.