This time, the stop loss is set at the 92,000 level, and the logic is actually quite clear. 91,500 serves as the previous resistance level. Once the price stabilizes above 91,200, it usually breaks through upward—this is the basis for setting the stop loss.



Although this trade resulted in a loss, from the trend perspective, my judgment on this resistance level was correct. That’s what I’m quite satisfied with.

Many people think that a stop loss means losing money, but that’s not true. The key is to preserve the principal. In the trading market, as long as the principal is intact, there’s always a chance to make a comeback. The purpose of a stop loss is not to make you money but to help you survive longer. Being able to participate in the next opportunity is itself a win.
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 4
  • Repost
  • Share
Comment
0/400
OnchainDetectivevip
· 01-05 06:40
Basically, stop-loss is about staying alive to make money; losing a bit of money isn't a big deal.
View OriginalReply0
LayerZeroHerovip
· 01-05 06:30
It turns out that the accuracy of identifying support and resistance levels is a different matter from actual stop-loss execution... I respect this logic.
View OriginalReply0
TeaTimeTradervip
· 01-05 06:26
Correctly predicting the resistance level but ending up with a loss—this is ridiculous.
View OriginalReply0
ImpermanentLossFanvip
· 01-05 06:24
Still able to smile despite losing, I respect this mindset. The real win is having the principal alive.
View OriginalReply0
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)