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RE: Your Crypto losses might be worse than you first thought
When trading (crypto or anything else) there's no lessons more valuable than the ones about Stop Loss and Position Sizing.
When trading (crypto or anything else) there's no lessons more valuable than the ones about Stop Loss and Position Sizing.
100%. It can be a painful lesson to learn!
But what if you get stopped out of your position and then it goes back up? It's not a free lunch either way.
Well "There is no such thing as a free lunch" ever, as the saying goes :)
Stop loss is only a tool to balance risk taken on any given trade.
Technically speaking Take Profit, Position Size, Leverage and Stop Out Level all factor into your risk-management.
Yeah I agree with you there will be times like that. I guess if you were using a stop-loss strategy it would be more about surviving situations that would destroy your portfolio.