What is a Stop Loss and why do I use it in every trade now?
When I started trading cryptocurrencies, I didn’t know the term "Stop Loss". I thought only professionals used it, but after several painful losses, I understood that it is an essential tool for any trader, regardless of their level.
A Stop Loss is an order placed to automatically sell an asset when it falls to a specific price. Its function is simple: limit losses and protect your capital. Before, if a token dropped, I would wait for it to rise again, sometimes with losses of more than 30%. Now, if the price falls beyond my tolerance, the Stop Loss sells for me.
It helps me sleep peacefully and prevents me from acting impulsively.
It’s not about being pessimistic; it’s about having control and discipline. If you really want to last in this world, start using Stop Loss right now.
