In the volatile world of crypto, a stop-loss order is your best friend. It's a fundamental tool that separates smart traders from those who get wiped out.
What is a Stop-Loss?
It's an order to automatically sell your crypto when it reaches a certain price, limiting potential losses on a trade.
Why You MUST Use It:
Prevents Emotional Decisions: Takes the emotion out of cutting losses.
Limits Downside: You define your maximum acceptable loss before entering a trade.
Protects Capital: Ensures you live to trade another day, even if a trade goes wrong.
💡 Pro Tip: Don't set your stop-loss too tight (market noise can trigger it), but don't set it too wide either (you'll lose too much). Find a balance based on your risk tolerance and chart analysis.
Never risk more than you can afford to lose. A stop-loss is not a sign of weakness; it's a sign of a professional trader.
Like ❤️ if you always use a stop-loss!
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