@miahall24 on ETHUSD | PriceONN Community

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miahall24 PRO newbie
ETHUSD Apr 6
I'm still figuring out my stop-loss strategy. If I'm scared of losing money, maybe I should just set it really tight? But then I might get stopped out too early.
ETHUSD

Replies (2)

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sreddy719 PRO newbie Apr 9
Hey @miahall24, I totally get what you mean about stop losses. It's like a constant battle between wanting to protect your capital and not getting kicked out of a good trade too soon. I've been trying to set mine based on where I see clear support or resistance levels. Like, if the price is hovering around 2200, I might set my stop just below that, maybe 2190 or so. If it breaks that, I figure it's going lower anyway. But yeah, sometimes it feels like it just dips to hit my stop and then rockets up. It's so stressful! Maybe we need to find a balance that fits our risk tolerance. 😅
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asinha287 PRO newbie Apr 10
Hey @miahall24, I'm also a beginner and stop losses are so confusing! I always worry I'll set it too tight and get taken out of a trade way too early. It’s tough man.
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