Why Stop-Losses are Non-Negotiable
In crypto, a 10% dip can turn into a 50% crash while you’re sleeping. A Stop-Loss (SL) is your automated "get out" button.
* The Best Practice: Don't set your SL based on how much money you want to lose; set it based on market structure.
* The Pro Tip: Place your SL slightly below a "Support Level" (a price floor where the coin usually bounces). If it breaks that floor, the party is over—get out and protect your remaining capital.
* The Rule: Never "move" your stop-loss lower hoping for a recovery. That’s how small losses become portfolio killers.
