$BTC Discussing the Importance of Stop Loss
If you strictly decide on a stop loss plan when opening a position, would you still face a liquidation during this decline?
Take a good look at this article ⬇️
金天一
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Tianyi's teaching on stop loss > Supplementing positions and breaking even > Hedging
Tianyi's teaching on stop loss > Supplementing positions and breaking even > Hedging
▶️ Everyone knows that stop loss is a cost of trading, but can you really stop loss strictly? When you are long and the price drops below expectations, will you supplement and then exit? If the average price after supplementation doesn't reach, and it continues to drop, you can only open a short hedge, euphemistically calling it locking in losses. Haha, I have only heard of locking in profits; locking in losses is a divine operation, truly admirable.
1️⃣ Stop loss
I have detailed the stop loss in my position management section, so I won't elaborate here.
2️⃣ Supplementing positions and breaking even
▶️ Everyone knows that stop loss is a cost of trading, but can you really stop loss strictly? When you are long and the price drops below expectations, will you supplement and then exit? If the average price after supplementation doesn't reach, and it continues to drop, you can only open a short hedge, euphemistically calling it locking in losses. Haha, I have only heard of locking in profits; locking in losses is a divine operation, truly admirable.
1️⃣ Stop loss
I have detailed the stop loss in my position management section, so I won't elaborate here.
2️⃣ Supplementing positions and breaking even
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