It takes an hour to walk from the first floor to the top floor of the Empire State Building. But if you jump from the top of the building, you can return to the bottom in just 30 seconds. In trading, there are always things you can't think of that will cause you to lose money. The simplest way to determine whether you need to stop loss is to ask yourself a question: Assuming that you have not established a position yet, are you still willing to buy at this price? If the answer is no, sell immediately without hesitation. Going against the trend is the beginning of failure. You should not fight the market or try to beat it. There is no need to be smarter than the market. When the trend comes, respond to it and follow it.
When there is no trend, observe it and be still. It’s not too late to wait until the trend finally becomes clear before taking action. This will lose a small amount of opportunities, but it will win the safety of funds. Your goals must be consistent with the market and follow market trends. If you stay consistent with the market, profits will roll in. #BTC #ETH