This week, I decided to trade three volatile assets, namely $REN , $NOT , and $W .
My first two trades on #Renzo between Monday and Tuesday both gave me a return of 2:1 based on my risk tolerance.
However, in my next three trades: two trades in #NOTUSDT🚨 and one in #Wormholecoin all ended in losses because my stop-loss got hit.
I'm very conservative and believe in setting a stop-loss for each trade. That notwithstanding, is it ideal to set a stop-loss when trading highly volatile assets?