Clarifying whether to set SL - Stoploss or not?

First, we need to understand clearly what SL is: simply put, it's the stop-loss point. There are two mindsets:

You have a competitive mindset: SL is bad, it makes you lose money if it gets triggered, keeping the order means there's still a chance to recover.

You have a safety mindset: SL is a way to protect your account, avoiding significant losses.

So, should you set SL or not?

Trader: 100% of orders must have SL because they always use high leverage.

Holder: 100% of orders set SL but place it on the weekly or monthly chart to avoid short-term price noise.

There are cases where SL is set equal to the account balance, meaning you deposit that amount, trade until it's gone, and then deposit again; this is a form of high-level capital management but also amateurish.

It's high-level if you know how to utilize high leverage, trading in multiples for extremely high profits.

Amateurish leads to continuous losses, creating bad habits, making it impossible to trade with large capital in the future.

There is a trading philosophy that doesn't set SL which involves hedging and trading both sides, requiring good calculation skills and a clear understanding of product margin rules. However, it always brings anxiety due to the status of losses.

DCA: Why do you keep hearing me talk about DCA and not about cutting orders? Because, for me, Link is a long-term growth mindset, so I only confirm the stop-loss point; if it goes down, I just DCA. If the situation gets too bad, I still cut like usual. You are psychologically affected because you use too much money that you can’t afford, or you invest your entire wealth hoping for a life change or seeking recognition, which creates feelings of fear and frustration.

Therefore, whether to set SL or not depends on the size of the orders you are trading.

A personal note for those who follow: set SL for everything, don’t deceive yourself; you really enjoy combining things with creativity.