Post
Topic
Board Trading Discussion
Re: Is this also your strategy to avoid hitting your stop loss early?
by
Kelvinid
on 14/04/2022, 22:48:50 UTC
I know that lower margin and low leverage are also farther away from the liquidation price, so is it okay to set low margin and low leverage first to avoid losing if your strategy doesn't work, and then add if does the price follow your strategy? Is this also your strategy?
Honestly, you just end up losing more rather than protecting it.
I suggest not to follow that strategy, it wasn't helping you anymore. You'd better set your low margin and low leverage not far from the liquidation price for this it helps you easily cut the losses once the price fall.
https://blog.tokenomy.com/education-tutorial-eng/what-is-stop-loss-in-crypto-trading/