#StopLossStrategies How a Stop-Loss Protects Your Investment? 💡
Imagine you bought Bitcoin at $30,000, but the market starts to drop. 😬 This is where the Stop-Loss comes in: an order that automatically sells your position when the price reaches a level you have defined, helping you avoid greater losses. 🚨
Although my approach has always been to hold (long-term holding) rather than trading, I have decided to try Stop-Loss on several occasions, both on exchanges and brokers, mainly to understand how to manage risk. In the end, on a couple of occasions, it helped me protect my investment and avoid larger losses. 🙌
It is a tool that not only works in the world of crypto but also in traditional markets, and while it is not always necessary to be glued to the chart, knowing how to use it can make a difference. It is always good to learn a little more! 💪
