Do you prioritize using SL and TP?

[tvplus006]

...I bet that a lot of traders didn't see it coming and I wonder how many traders got liquidated in that trade...

The total amount of liquidation on December 6 on this decrease in the BTC price amounted to $1.007 billion. In order to find out the total amount of liquidations, as well as detailed information on liquidations for all exchanges, you can use this service - https://www.coinglass.com/LiquidationData

[retreat]

As a trader, do you prioritize making use of SL and TP and has it been helpful to you?
Is the advantage of SL and TP more dominant that the disadvantage?

I personally say that a trader needs to set their SL and TP, it is necessary to limit our trading and manage so that it does not exceed our capabilities, especially for trading in futures, you must set SL and TP, because otherwise what will happen is that you can MC or profit that you should be able to get it will be lost. So directly SL and TP are needed by traders who want their trading activities to be more focused and effective, but for those who feel that they can hold positions in the market for as long as they want, they can not apply this, even though it is not recommended to do so.

[bettercrypto]

As a trader, do you prioritize making use of SL and TP and has it been helpful to you?
Is the advantage of SL and TP more dominant that the disadvantage?

It is important that we get used to using the TP and SL when we cannot see the chart most of the time in the trading we will do. And it is very useful to me. Because if the SL setup is not done, the fund will be exhausted for sure, just be surprised, you will be liquidated triggered.

It is okay that you do not use it if you will be doing trading activity for a while, but if you have other important things to do, this is where the TP and SL come in.

[Z_MBFM]

As a trader, do you prioritize making use of SL and TP and has it been helpful to you?
Is the advantage of SL and TP more dominant that the disadvantage?

SL & TP is a good feature and only those who can use it properly know how important it is. I use SL & TP only for futures trading. they are not used much in the case of spot. Because in case of futures the fund has a lot of risk and it has to be always tracked otherwise the fund can be liquidated at any time.  Hence it is better to use SL & TP. Here during high volatility this teacher can protect the end and close the trade with profit without our knowledge.