Stop Loss Trading

[letecia012]

Hey everyone.  Do any of you professional traders out there have advice on the best situations to use stop-loss in a trade?  It would be much appreciated.

ricseb

Experienced trader often use stop loss to ensure they would not lossing huge amount of their investment but for newbie cutloss is not that so advisable in my own opinion as you may be fomo when market sligjtly recover. You need to now basic charting and trading signals so you may know when to cutloss and not being FOMO..

[1715373173]

1715373173

[1715373173]

1715373173

[ipanks]

Me and my friends was decide to hold some crypto last year without use any stop loss and now we are loss more than 90%................

That was big, don't worry you are not alone.

Holding makes you loss if you will sell, if you will continue to hold, you'll not.
Don't allow yourselves to panic as it will only lead you to sell. Be smart all the time.  

holding in bearish condition make our emotion and psychology really underpressure.if we dont strong face this condition we could be stress and panic.in my opinion just to do the thing that in our mind.

Only a few people that could survive in the bearish market and the rest of them will not be strong enough to stay calm. I think the bearish market will clear the people who don't really focus on their goals in the long-term and they join in the cryptocurrency because they shock to see the price can jump too high. The bearish market will end soon after the market reaches the bottom and I think we already reach the bottom in December ago.