Whether it is spot or contract trading, it is very important to set up stop-profit and stop-loss. Knowing how to buy is not great, knowing how to sell is the real master. Many people obviously make a profit in trading, but they end up losing money because of greed. Everyone has experienced this situation.
The purpose of stop loss is to improve the utilization rate of funds, not just to avoid losses. If you are stuck and lose $100, you may hope that time will make you back, but even if you make a profit in the end, you have wasted time. The time cost is very high. After stopping the loss, investing the funds in more potential investments can more effectively increase the income.
In a bull market, if you are stuck, you may only make up for the floating loss after the release. On the contrary, if you stop the loss in time and use the funds for new investments, you may get far more than the $100 return in a week.
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