90% of the traders are not using stoploss what the hell 😑😑
Yesterday i met a person who is my friend, and i checked his portfolio on which he was literraly in a great lose.
He has shorted the bitcoin from 20k and still not closing the trade, which result in huge loss around 2000$. haha..
I asked him why he is not using stoploss, so he replied to me that idiot people use stoploss. wow bro.
He added, in 1 or 2 years bitcoin will come to 20k and then he will be closing the trade, until then he dont wont to book the lose.
Now he don't have money to invest in altcoins(clearly missing the altseason), as all his money is gone or will be going to save his position from liquidation.
Moral of the story : always use stoploss, u are not a god or magician who can predict the market.
just be ready to get wrong for most of the time, stoploss will save you from a great lose.