Why is a Stop Loss necessary??
Whenever I enter Binance Square, I find posts asking about open positions in Futures, accompanied by screenshots of trades with such high reversal percentages; I have seen -50%, -100%, -200%, or even more than -1000%, and users are asking others whether they should close the position or continue it. This worries me a lot, as I realize that, first, they do not have risk management, without an established Stop Loss, second, they do not understand the futures platform and place trades in Cross Margin instead of Isolated Margin, which causes the position to take more from their account in negative, and finally, they do not have the virtue of informing themselves before investing; on the contrary, they seek someone to solve or answer what to do with their wallet. Is it fear or laziness? Because they do not seek a true investment, correct risk management; if they are looking for a gain of 1:2, 1:3, or 1:5, so that for every 1 USDC I invest, I can earn 2, 3, 5 USDC or more, but you must know that LOSING IS NORMAL!! and no matter what you lose, what matters more is what you gain.
It is very important to seek true order in managing your account, lose the minimum and gain the maximum, analyze and research what is necessary for yourself, persist and be patient, for this is a struggle with time and learned skill, to be profitable.
Remember that only you decide over your wallet, seek real and verifiable information, to be able to decide on your investments.
