#StopLossStrategies Stop Loss Strategies That Prevent You From Getting Stuck at the Peak

Honestly, I used to be really stubborn about stop-loss. I felt confident that the price would bounce back, but in the end, I got stuck for months. From there, I learned that stop-loss is not about 'giving up', but rather a survival strategy to avoid sinking further.

Now I have several stop-loss strategies that I use depending on the situation. The one I use most often is the percentage-based stop-loss. For example, if I buy coin A at $1, I set a stop-loss 10% below that, at $0.90. So if the price drops to that point, it sells automatically. This sets a limit on the loss I can accept.

Then there’s also something called a trailing stop-loss. This is really cool. So the stop-loss follows the price movement. For example, if I buy ETH at $2000 and set a trailing stop-loss of 10%. If ETH rises to $2500, the stop-loss also rises to $2250. But if ETH drops from there and hits $2250, it sells immediately. The nice thing about this is that we can protect our profits while still having a limit to prevent falling too deep.