THE MARKET IS EXPERIENCED A MEDIUM ACCUMULATION PROCESS. HOW TO USE STOP LOSS IN A POSSIBLE DECLINE?

There is no problem for those who say, "I don't care whether it rises or falls, I will lie in wait until my target arrives." However, setting a STOP LOSS level is the best approach for those who have just entered the market and may experience losses at the moment of decline and cannot tolerate this loss.

I would like to exemplify the benefit of using stop loss as follows. I have 100 $5 coins, which is a total of $500 in my wallet. If the coin suddenly drops to $4, I will have $400 left. If I set my stop loss limit to a level of 4.15, the program will automatically sell the goods in my hand at 415 dollars. With the remaining $415, I will have lost $85. However, let's say that the decline continues. And that coin dropped to $3. (There are those who wonder if it will drop, I think it will drop, friend 😁) Let's say I placed a buy order at $2.85 now, with $415 in hand. And if it falls to that level, the purchase will occur. I currently have 145.6 of the same coins. This means that stop loss is a good instrument for those who want to increase their quantity.

As can be seen from the example, 100 coins increased to 145 coins. The coin, which fell from $ 5 to $ 2.85, will see that $ 5 again as soon as possible. My capital would also increase from $500 to approximately $750.

This is all I know about using stop loss. Best regards

I welcome your comments as long as they do not contain insults. One follow and one retweet would be nice.

What is written is not investment advice. These are the notes I took to myself.

By the way, #link is a sleeping giant. 3 digit numbers are just around the corner.

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