The Stop Loss is one of the most valuable resources we have to take advantage of in trading

How important it is to set a stop-loss for trading. Yesterday, a stop-loss of $2000 was my limit. Normally, I set stop-losses between $500 and $1000. Yesterday was just a strange day; I set a stop-loss space of $2000. If I'm wrong, I'm wrong. Fortunately, I did set a stop-loss. If there hadn't been a stop-loss, the price mentioned yesterday around $104,000 would have been reached, and it wouldn't have been just a matter of $2000. I estimate that many people would have been liquidated. This recent surge has been greatly influenced by news and has already departed from technical analysis; support and resistance levels no longer apply. It's beyond my understanding. I have been reflecting on this from yesterday to today. Moving forward, I will lower my stop-loss again and approach it steadily.