Stop losses cut your profits.
Look, I used to believe this garbage too, right before ADA or DOGE liquidated my entire account for the tenth time. You see SOL pumping, you're up 15%, no stop loss because "it's going higher." Then it dumps 30%. You just turned a potential $150 profit on a $1000 trade into a $300 loss. My "profits" usually ended up as someone else's. The actual cost of a stop loss is a small, calculated risk you *choose*. The cost of *no* stop loss is everything you own, decided by the market. Stop losses don't cut your profits; they protect your capital so you can *actually* make profit next time. How many times have you been up, got greedy, and ended up with nothing?
#CryptoTrading #RiskManagement #StopLoss #ProtectYourCapital #FuturesTrading
Look, I used to believe this garbage too, right before ADA or DOGE liquidated my entire account for the tenth time. You see SOL pumping, you're up 15%, no stop loss because "it's going higher." Then it dumps 30%. You just turned a potential $150 profit on a $1000 trade into a $300 loss. My "profits" usually ended up as someone else's. The actual cost of a stop loss is a small, calculated risk you *choose*. The cost of *no* stop loss is everything you own, decided by the market. Stop losses don't cut your profits; they protect your capital so you can *actually* make profit next time. How many times have you been up, got greedy, and ended up with nothing?
#CryptoTrading #RiskManagement #StopLoss #ProtectYourCapital #FuturesTrading