Importance of stop loss 📷
Good morning to all my friends. I hope you all doing well. Today is last working day of the weekend. All of you are thinking why i am writing this post in morning. Usually i post in the evening after coming from office but today situation is not good of the market. Yesterday i was traveling from home to dhanbaad, jharkhand for some work and bought few altcoins for quick scalp but i forgot to put stop loss on them and you can see, what happened here.
All crypto coins dumped very hard. I don't know what happened in the market overnight, still figuring out. So many newbies do that and i also did the same mistake but i am not a newbie in this market. It was just a mistake. I was tired. Whenever you buy any coin for short term gain, you put stop loss on that because if you put stop loss, you will be in good position when market will dump like this. Stop loss is like, life saving for crypto traders. I always use stop loss and so many times, i saved my portfolio by doing that. That's it from today's post, i just wanted to tell you the importance of stop loss. Thanks & don't forget to enjoy the weekend!!