Stop loss is a double-edged sword and many traders do not like using it (it's possible that one of the reasons is purely psychological)
But this property is reserved only when there is loss and loss in this area if you wish or not is a fact all the time, and the function of the stop loss is to stop that loss at a certain limit
Today I see a lot of traders in the case of loss, especially beginners, in the recent period and because of the rise of Betquin and his acquisition there was a sharp drop for most currencies
In short, the situation of the recent past: who had put a stop loss of his deals have hit the limit and out of the currency with the lowest losses and now can enter from levels of lower and perhaps much lower for some currencies, especially in exchange for trading with the Betquin
An example is: You bought a piece of coin for a $ 5.200 coin and wanted to do a stop loss order at $ 5000
You must place the $ 5,000 price in the Stop box (the price of entering your order)
The selling price in the second block, for example 4980 (must be less than the Stop price)
The same way applies to purchase.
If there are tips for traders, especially beginners, I will say the following:
- Do not let your deals stop without a loss.
Good Luck ❤️