Hello, crypto family! 👋
Let's be honest. How many times have you caught yourself thinking: 'I'm going to buy now, and if the price goes against me - I'll just wait. It will definitely come back!' ✋
And then the market makes an unexpected move, and instead of profit, you are waiting for weeks or months to break even, losing time and missing other opportunities. Sound familiar?
Here’s a hard rule that has saved my deposit more than once: TRADING WITHOUT A STOP-LOSS IS NOT TRADING, IT'S ROULETTE.
Why a stop-loss is not a limitation, but your freedom:
1. Capital protection is EVERYTHING. One unsuccessful entry without a stop can set you back months. Your main task is to preserve your deposit to play another day.
2. You control your emotions, not the other way around. Knowing that your maximum losses in a trade are limited, you make decisions with a cool head. There is no place for fear and panic.
3. The most valuable resource is freed up - TIME. Instead of staring at a chart in a losing trade for hours, you can look for new opportunities. The stop was triggered - you are free.
4. This is a professional approach. This is how all serious traders and funds operate. Want to treat this like a business? Start with risk management.
Thinking out loud: It often seems that a stop-loss is 'hunted' specifically to take your liquidity. But the truth is that if the stop was triggered, your entry hypothesis was incorrect. And the market informed you of this. Accept it and move on.
Your challenge this week: Conduct an audit of your open positions. Does each one have a clearly set stop-loss? If not, do it right now. ⏰
What’s your opinion? Do you agree that a stop-loss is a must-have? Or do you think there are effective strategies without it? Share in the comments! 👇
