Re: Do we need to have a stop loss if we are 100% positive about a trade?
Stop loss has nothing to do with instilling fear. It all depends on one's trading strategy and how they try to manage risk. What may work for you won't work for everyone. I use stop loss most of the time when scalping with high leverage. Without stop loss, one bad trade and all the profits you had made from several trades are wiped off.
It's not about being brave or a coward. It's a just a risk management tool.
If someone didn't use SL for spot, I think they are a little safe, so long as they have the patient to wait for the price to get back up.
Sometimes I use more than 20x leverage on Bitcoin but mostly I prefer to go with as high as 10x leverage. The 10x leverage on Bitcoin is far safer than 5x on any shit-coin that can move crazily. I know that the profits with Bitcoin trading pair aren't much as compare to others but the risk is minimum with Bitcoin trading.
The day the market plummets by over 50% including Bitcoin like it did in March 2020 is the day you will know why some people use SL It's not about being brave or a coward. It's a just a risk management tool.
If someone didn't use SL for spot, I think they are a little safe, so long as they have the patient to wait for the price to get back up.