$BNB $XRP $SOL
Why I No Longer Use Stop-Loss Orders — And What I Do Instead 💥
I've stopped using stop-loss orders on Binance. Here's why:
Frequent Premature Exits: Price wicks often hit my stop-losses before reversing.
Market Dynamics: Institutional players can trigger common stop levels.
Crypto Volatility: Tight stops don't suit the crypto market's nature.
Emotional Discipline: Manual exits reduce fear-driven decisions.
My Alternative Approach:
Focus on daily and 4H charts.
Set price alerts for risk zones.
Adjust position sizes to manage risk.
Use mental stop-losses based on trade thesis.
Trade only with capital I can afford to lose.
This method offers me greater control and flexibility.
#CryptoTrading #Binance #BTC #TradingStrategy #DYOR
Why I No Longer Use Stop-Loss Orders — And What I Do Instead 💥
I've stopped using stop-loss orders on Binance. Here's why:
Frequent Premature Exits: Price wicks often hit my stop-losses before reversing.
Market Dynamics: Institutional players can trigger common stop levels.
Crypto Volatility: Tight stops don't suit the crypto market's nature.
Emotional Discipline: Manual exits reduce fear-driven decisions.
My Alternative Approach:
Focus on daily and 4H charts.
Set price alerts for risk zones.
Adjust position sizes to manage risk.
Use mental stop-losses based on trade thesis.
Trade only with capital I can afford to lose.
This method offers me greater control and flexibility.
#CryptoTrading #Binance #BTC #TradingStrategy #DYOR
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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