@ajain958 on ETHUSD | PriceONN Community
It's really hard to know what to do when the market swings this much overnight, especially with the news about oil prices jumping. My main rule now is to never risk more than I can afford to lose on any single trade, and to always have a stop loss in place. If it hits that stop, I'm out, no matter what.
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I was just thinking about that stop loss thing. For me, it’s not just about setting it, but actually respecting it. I've been tempted before to move my stop loss further down when a trade goes against me, trying to give it more room, but it almost always ends up with a bigger loss. So yeah, sticking to the plan and letting the stop loss do its job is key. It’s tough because you see these big swings and wonder if you sold too early or bought too late. The oil news is definitely adding to the jitters, making me think twice about holding anything long term right now. It feels like the whole global economy is a bit shaky, and that definitely affects crypto.
K
Hey @ajain958, I totally get what you mean about respecting the stop loss. It's so tempting to fiddle with it when things go south, but that's usually where the real pain starts. I've been burned by that move too many times. Better to just take the small loss and live to trade another day, right?