Bitcoloan Ad

HOW IMPORTANT IS STOP LOSS?

May 3, 2021 (updated May 3, 2021)

Got in a discussion with a friend that recently started learning Technical Analysis and then he said he trades without using stop Loss. I told him no good trader trades without stop Loss. I tried to explain to him about the volatility and how trades can go against you especially as a new newbie and you can lose heavily. He seems adamant and I decided to leave him maybe he will learn from his own mistake if it happens. It seems there are also many traders that trade without stop Loss and I wonder how they do it conveniently.

Please share your views on how important stop Loss is and how convenient it can be to trade without stop Loss.



Disclaimer: The topic posted herein is published by members of this site. Any information you find on this topic is base on the opinion and view of the person who created the topic. You are at liberty to accept or reject this topic and act base on your own perspective. You are encouraged to share your own opinion or views about the topic via the comments box below so as to further improve this topic.

Team Reviewparking is no third party and we can't handle any queries whatsoever.

Get involved!

1 Comments


@peepso_user_1(reviewparking)
Stoploss is very important if you want to trade wisely. Almost 3 month ago i forget stoploss and when i woke up market dumped almost 40%. Now i did not trade without stoploss. One cam loss big money if did not use stoploss
3 days ago