@LilyH84 on BTCUSD | PriceONN Community

I am still trying to grasp the best way to manage risk. It feels so important, but I'm not sure if I should always cut my losses immediately or if there's a strategy to let a trade breathe a bit. I read somewhere about not letting losses run too far, but it's hard when you're scared of missing out on a potential recovery. I suppose setting a stop loss is crucial, but where exactly is the million-dollar question.