Stop-Loss and Emotional Trading: A Quick Guide
Stop-Loss (SL) is your best friend in crypto. It’s a preset point to exit a trade if things go south, stopping you from losing more than you’re willing to risk. Without it, you're playing with fire — and we all know how that ends.
Here’s why SL is a must:
Limits Losses: Cut your losses before they get out of hand.
Reduces Stress: No need to watch the market 24/7; SL does the heavy lifting.
Enforces Discipline: Stick to your plan, not your emotions.
Now, let’s talk emotional trading. Fear and greed are the silent killers. Don’t let them make your decisions:
Fear makes you sell too early.
Greed makes you hold too long.
Overtrading? Just a disaster waiting to happen.
Bottom line: Use a Stop-Loss, stay cool, and avoid the emotional rollercoaster. Your wallet will thank you later.
