đĄïžđ Setting a proper stop loss isn't about some arbitrary percentage; it's about validating your trade idea. Forget the "1% rule" if it puts your stop in the middle of nowhere. If you're going long on BTC at $60,000, identify the nearest significant market structure â maybe a swing low at $59,500. Your stop goes *just below* that, say $59,450. If price hits it, your idea was wrong, get out.
Now, stop-limit versus stop-market. For exiting a losing trade, always lean towards a **stop-market**. A stop-limit can get *skipped* if volatility is extreme, leaving you holding a massive bag as price blows past your limit price. A stop-market guarantees execution, even if you experience some slippage, which is far better than no execution at all.
The one reason stops get skipped is extreme...
Now, stop-limit versus stop-market. For exiting a losing trade, always lean towards a **stop-market**. A stop-limit can get *skipped* if volatility is extreme, leaving you holding a massive bag as price blows past your limit price. A stop-market guarantees execution, even if you experience some slippage, which is far better than no execution at all.
The one reason stops get skipped is extreme...