#StopLossStrategies #StopLossStrategies: Essential Tools for Managing Crypto Risk
What is Stop-Loss?
It is an AUTOMATIC SELL order for an asset when the price drops to a predetermined level, helping to PREVENT ADDITIONAL LOSSES.
Example: Buy BTC at $60k, set stop-loss at $55k. If the price drops to $55k, the system will sell automatically.
Key Strategies #StopLossStrategies :
Fixed (% Fixed): Set a maximum acceptable loss level (e.g., 5%, 10%).
Trailing: Stop-loss moves with the increasing price, helping to protect profits.
Technical: Based on support/resistance, trendlines, MA... (requires knowledge of technical analysis).
Volatility: Use indicators (ATR) to set a more reasonable stop.
Why Should You Use It?
🛡️ Protect Capital: Limit losses when predictions are wrong.
🧠 Discipline: Avoid decisions based on emotions.
🧘 Reduce Stress: No need to constantly monitor price charts.
Notes When Using:
⚠️ "Stop Hunting": Crypto is highly volatile, prices may hit your stop and then rebound. Set stops reasonably, not too close.
⏳ Trading vs. Holding: Stop-loss is more suitable for short-term trading than for holding the entire portfolio long-term.