Why don't I place Stop Loss points in cryptocurrency trading?
(This is not financial advice in any way)
The cryptocurrency market is known for its extreme volatility, something we have all experienced. For me, I do not place stop losses when trading cryptocurrencies due to the sharp and sudden drops that are often followed by quick price rebounds.
These rapid declines often trigger stop losses, only for the price to bounce back up immediately afterwards – a frustrating situation that no one wants to face.
This is why I recommend lowering your stop loss (or even removing it altogether) when copying my portfolio. It is a strategy to avoid sudden drops that might trigger your stop loss unnecessarily.
The cryptocurrency market is known for its rapid declines, but it recovers just as quickly. Declines are often retraced within days, so resilience and patience are key. The road ahead may be bumpy as we approach the next big rally, but I’m confident in what’s ahead.
I see Q1 2025 as the time when “Altseason” will ignite and take full spotlight.
