$BTC
I may not know which strategies or signals others are following—but one thing is clear: neglecting to set a stop-loss (SL) results in overwhelming losses for nearly 99% of traders.
The cryptocurrency market is vastly different from traditional financial sectors. In crypto, price movements are not just volatile—they can be brutal. Daily fluctuations of 15–25% are often considered normal, and certain tokens can plunge 30% or more overnight. What’s worse, such swings are often seen as mere market "noise," yet they leave many traders emotionally and financially drained.
Lately, we’ve seen numerous tokens crash 60–90%—and that’s without leverage. For those using leverage, these drops are catastrophic. A position can be wiped out entirely in a single day if no SL is in place.
I strongly urge everyone: whether you’re trading large or small amounts, or even just testing strategies—always use a stop-loss. It’s not just a tool; it’s a lifeline. Knowing when to exit a trade is the only way to survive and recover.
Right now, I find myself overwhelmed by messages:
“AD, I longed all the altcoins and they keep dropping.”
“I’m about to get liquidated—what can I do?”
“AD, if this crashes any further, I’m finished.”
The truth is—I can’t save anyone. I can’t influence the market. I’m just another participant, not a market maker.
Please, use a stop-loss. It might not prevent losses entirely, but it will keep you in the game.