On the Importance of Stop Losses Last night, the altcoin that initially looked good plummeted, going from 4.69 before sleep to just 1.06 in the morning, evaporating nearly 80%.

Originally, I held a short position, but after his last surge, I set a stop loss, and then it reversed downward. In the morning, I saw a lot of people in the plaza lamenting their long positions' losses, and some even had both long and short positions, with others who didn't set stop losses and ended up getting liquidated. At this time, the importance of position management becomes evident. Unless you have infinite bullets, every time you get liquidated, it means you are putting more money in to start over, or you have to consider that the money you initially invested is the amount you can afford to lose in a single trade. Otherwise, for most people, getting liquidated means losing everything. I also experienced getting liquidated twice when I first entered, although I didn’t have as much money as those big players who use tens of thousands of US dollars. Losing over 2,000 US dollars was painful for me as well. Gradually, I started to plan my positions because being able to survive longer in the market always provides opportunities for profit. If you miss an entry opportunity, don’t FOMO; after all, history keeps repeating itself. The rotation of altcoins happens quickly $BTC $ETH $LIGHT