Five days ago, a Korean female trader under the pseudonym Jadoodoo posted a video on the TikTok platform showing her experience in Bitcoin (BTC) trading. The video quickly went viral and has now become a hot topic among Thailand’s cryptocurrency community.

In the video, Jadoodoo showed how she opened a short position without setting a stop loss, but the price of Bitcoin soon rose sharply, causing her to suffer heavy losses totaling US$11,255 (approximately 400,000 baht), and ultimately Causing her portfolio to collapse.

In the video's caption, Jadoodoo wrote: "Bitcoin allows you to lose all your money in 5 minutes."

Typically, Jadoodoo is a Bitcoin trader who focuses on pursuing short-term profits, and she also uses high-leverage trading strategies. She used to trade when the market was flat or less volatile. However, this time she apparently neglected many aspects, resulting in huge losses.

Currently, Jadoodoo's video is flooded with comments from netizens, whether they are Korean or not, asking: "Why not set a stop loss?" Comments from foreigners and Thais all contain similar suggestions, discussing What steps should she take to avoid this loss happening again.

Jadoodoo's experience highlights the importance of stop loss as a risk management strategy for traders. This is because setting a stop loss helps traders limit potential losses. Therefore, it is crucial to choose a stop-loss strategy that suits your trading style and acceptable risk level. It will help traders manage risks more effectively.