Post
Topic
Board Trading Discussion
Re: Do we need to have a stop loss if we are 100% positive about a trade?
by
Richkiedx
on 30/11/2023, 11:31:27 UTC
I do not use stop loss again since 3 years ago when I saw its disadvantages. You will know what that I am talking about.

I trade with low leverage.

I average. People that average will likely not be using stop loss.

Those traders that uses stop loss are those that uses high leverage, or trading a very volatile altcoins and not averaging.

yes, we need that even if your analysis is 100% perfect, remember that crypto is very volatile, many things can happen so if you want to take care of your capital, set a stop loss for your safety, even if you can sleep on it, and of course, put a take profit, that would help