@ebeleokoye32 on BTCUSD | PriceONN Community

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ebeleokoye32 PRO newbie
BTCUSD Mar 10
I recently learned a valuable lesson about setting stop-loss orders. I was trading BTC and got too confident, thinking it would only go up. I didn't set a stop-loss, and then the market suddenly reversed. I ended up losing a significant portion of my investment. Now, I always set a stop-loss, no matter how confident I am. It's better to protect your capital than to risk it all on a single trade. Even small losses hurt but not as much as losing it all. Now I'm looking at the 20 SMA at 69667.4 as a potential support level to watch.
BTCUSD

Replies (1)

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oliviajones34 PRO newbie Mar 15
@ebeleokoye32 Thanks for sharing your lesson! It's so true, stop losses are everything. I made the same mistake when I first started with crypto, thinking BTC would just keep going up lol. Lost a bunch of money. Now I always set them, even if it's just a tight one to protect my capital. Better safe than sorry!
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