Quote from: jostorres on March 10, 2022, 09:12:17 PM

Quote from: Ryker1 on March 10, 2022, 11:27:02 AM

Quote from: tvplus006 on March 10, 2022, 10:52:58 AM

The fact that you are gaining a position in this way helps to get the average cost more profitable, but it will not save you from sweating money. Since you do not indicate that you are using a stop loss, then you can still lose your money if the price continues to decline.

Well stop loss is very important in trading because it minimizes your loss when there is.
High leverage trading means high risk which is I avoided since I was in trading, new traders think that if they risk their money on high leverage it could be easy money but for me, that is a form of gambling that involved a high risk after all.
In fact, there is no accurate trading strategies --it matters always your luck or if you know how to manage the market situation there could ehb a profit.

Using stop loss is a difficult thing too by the way. If you are doing a small time trading, then you could use it, but if you do it without caring about it very well, then you are going to end up selling all that you have and that is going to end up being risky if the price goes back up. So, you should be careful, if you use it carefully enough, that would be a way to sell at the top, buy at the bottom, but if you use it wrongfully then you are going to end up selling at the bottom and having to forced buy back at a higher price.

There is absolutely nothing that could be done about this, I would suggest that the best way to approach stop loss is being online and checking your levels.

When it comes to trading there is not a perfect tool, when the market is ranging a stop loss can be very infuriating, because if you set a level in which you want to sell your coins in order to protect your capital it is not rare for the asset in you are invested to just touch your stop loss forcing you to sell and then the price goes up again and if this happens to you several times it can get really discouraging, however a stop loss is there to protect you from gigantic losses, so you need to keep using it even under those circumstances.