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56634021 No.56634021 [Reply] [Original]

NEVER USE STOP LOSSES, GUYS

>Be me
>Feel like local bottom is in
>Buy $20k worth of AVAX at exactly $9
>"Hmmmmm, I better set a stop loss, in case it completely crashes"
>Set stop loss at $8.70, there's no way it crashes further, right?
>A mini scamwick sends the price to $8.65 for like 20 seconds
>Triggers my sell
>Literally next day giga bullrun starts
>Missed out completely

FUCK STOP LOSSES

>> No.56634079

>>56634021
Why didn't you buy back in on the confirmation of the break out? Looking at the chart it had a prior pivot low at 8.64 a few weeks prior and it bottomed at exactly the same price where you got shaken out. You stop UNDER support, not at it or above it. Stop should've been 8.60, maybe 8.50

>> No.56634107
File: 239 KB, 1574x828, AVAX1.jpg [View same] [iqdb] [saucenao] [google]
56634107

>>56634079
Here you go.

>> No.56634109

>>56634021
I have the same opinion about stop losses OP. My SL gets triggered every time before the price immediately reverses in my direction.

Caroline Ellison was right to not use stop losses...everything else she did was methhead-tier wreck though.

>> No.56634126

>>56634021
So your doing binary with no target price? How much did the kickout cost you

>> No.56634127

>>56634021
Sounds like you just set your stop loss way too close to your entry point and made yourself an easy target for whales anon

>> No.56634128

>>56634021
Are you a newfag or something? Obviously never use stop losses on something as volatile as crypto.

>> No.56635325

>>56634021
You will rope once Avax hits $1000+

>> No.56635342

>>56634109
that dumb bitch and several others at ftx could not get liquidated at all, they had special fraud immunity to liquidations, of course the dumb cunt would say that

>> No.56635413
File: 27 KB, 640x427, adc8e3100512a6da0b3cdeaea1503ca0.jpg [View same] [iqdb] [saucenao] [google]
56635413

Nigga is that you?

>> No.56635423

>>56634021
Shit logic. Have fun with liquidations

>> No.56635435

>>56635413
kek

>> No.56635450

>>56634021
are you buying spot?
if you're buying spot you're a retard for using a stop loss
you seem like a retard so i'm going to assume you're buying spot

>> No.56635637
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56635637

>>56634021
Use heatmaps for stop losses to see if you are vulnerable to whales before setting one.