Recently, the fluctuations in the cryptocurrency market have been quite large. A friend of mine lost money in his account just because he didn't set a stop loss. Speaking of which, setting a stop loss is truly a life-saving skill in trading.

Did you know? A stop loss is actually a key step in controlling risk. For example, if you buy $BTC and set a stop loss at 5%, if the price drops below this point, the system will automatically sell for you, avoiding greater losses. It's like adding a safety valve to your investment.

I previously looked at data from Binance Research and found that traders who reasonably set stop loss levels have, on average, improved their account's risk resistance by over 30% in the long run. So, don't be afraid of the trouble; take some time to analyze before each trade, set a good stop loss, and you can move more steadily and further in the cryptocurrency market.