#BitcoinHashRateSurge
❔Do you use a stop loss in your trades?🔑 🤔
🤦🏻♂️If you don't use a stop loss, what's holding you back?🤔
I'll give you an example: after that, you should always use a SL and manage the risk. Because risk management is the most important in trading, because if you lose all your capital or you are stuck in a trade for 3-4 months, what will you do?🙇
Stop Loss is like the brake of a car 🚗💨
Think about driving a car at high speed: everything is going well and you feel confident. But suddenly there is a sharp turn in front of you. What do you do? You press the brakes! 🛑
Without the brake, you would risk losing control and crashing. Just like that, a stop loss helps you avoid huge losses in a trade when the market moves unexpectedly.
Without the brake, you might lose control and crash. Just like that, a stop loss helps you avoid huge losses in a trade when the market moves unexpectedly.
After losing your trade, you still have opportunities because your capital is safe and if there is a buying opportunity, you can enter and make a profit.
Share your thoughts below! If you disagree with me 😁
