You are viewing a single comment's thread from:
RE: Steemit Crypto Academy Contest /S14W5 : Exploring STEEM /USDT Trading "
We know that a stop is something that protects traders from their losses and stops them from their losses and capital.
Well spoken. Stoploss is key and life saving for every trader. It is what ensures that a trader remains relevant in the market. Without it, he will be sent back to his village....
It is important that for every trade opened. The stop loss must be set.
Not doing this have rekted so many traders in the market.
Thanks for your detailed explanation. wishing you the best in this contest.
@ngoenyi
Yes madam up rightly said a stop is something where it stops people and protects them from losses. There are many other people who suddenly jump into the market but they end up losing a lot of money. On the contrary if they use stop loss it saves them from many losses and their valuable capital remains in their own hands Thank you very much for reading this post and a Excellent comment, I pray you always keep up the good work.