STOPLOSS set incorrectly will cause you to LOSE

Is there anyone who trades and loses because of incorrectly setting stoploss like me??????

I have suffered quite a lot due to this situation and want to share to help everyone avoid losses like mine, so please read and reflect on it, and if possible, share your loss cases so we can learn together.

Stoploss (cut loss) is a contingency plan that helps you avoid the risks of losing or, worse, blowing your account, but in reality, if you use stoploss incorrectly, it can be the reason for your losses and hard to recover.

The most common case is that you set a stoploss and the price drops just enough to hit your stoploss point and then increases sharply again; you can only watch it increase without daring to re-enter because the price rises too quickly beyond your target entry point.

- The reason is that you are trading a highly volatile coin and BTC has a downward correction on the 15-30 minute frames after a price increase causing your coin to drop quickly and hit stoploss before rising sharply again.

How to fix: Continuously observe BTC's movements on different timeframes; if on the 30-minute to 1-hour to 2-hour frames BTC shows an upward trend, instead of stop loss, you can place DCA orders to have a better average price point, as the price will rise again because BTC tends to increase in the long term, so the coin will recover accordingly.

Another drawback of stoploss is that the execution price is often lower than the price you set, causing you to lose more than expected.

For example: you set stop loss at 0.2350, but the price drops quickly causing the execution at 0.2335, resulting in a greater loss than anticipated.

The most important thing is to manage your capital correctly to be able to DCA with low risk in case of going against the trend.