This is different from the view of some bloggers.
That is, they think that there is no need to be afraid of spot trading, and that it will pay back sooner or later.
Personally, I think that spot trading should also stop losses in time.
The day before yesterday, a fan asked me whether to clear the PEOPLE position held at 92-93. My advice to him was to clear the position, because I wanted to take the short order at 10500 but didn't take it, and I was looking at a decline to 76.
At that time, it was not as far as 51. Because it was still a falling box at that time, the 76 area was the lower boundary of the box, and there was a 76 area on the left side that was against the trend and bet on the rebound of the lower boundary of the box.
So at that time, he listened to my advice and directly cleared half of the position, but subsequent facts proved that the price directly fell below the falling box, and there was no chance of a rebound at 76, and reached the next stage of support: 51 area. If this person does not clear the position, his $PEOPLE will now be almost halfway down.
In fact, I am not very willing to answer this question of whether to stop loss, because I personally will definitely stop loss in time, but if I suggest others to stop loss, if the price rises back, I will be easily scolded.
I personally feel that because I am a full-time worker, I do not have a stable cash flow. If I choose to carry orders, not only will I waste time, but I will also lose my principal. This means that during the time I carry orders, I will have no income.