Are there any successful traders who trade with crypto without using a stop loss?

3 answers

• Dec 28, 2021 · 3 years ago
  Yes, it is possible for traders to be successful in cryptocurrency trading without using a stop loss strategy. Some experienced traders argue that stop loss orders can sometimes lead to premature selling and missed opportunities for profit. These traders rely on their expertise, market analysis, and risk management skills to make informed trading decisions without the need for a stop loss. However, it is important to note that trading without a stop loss can be risky and requires a deep understanding of the market dynamics and the ability to manage potential losses effectively.
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• Dec 28, 2021 · 3 years ago
  Absolutely! There are successful traders who trade with crypto without using a stop loss. They believe that setting a stop loss can limit their potential gains and that they can manage their risk effectively without it. These traders often have a strong understanding of the market and use other risk management techniques, such as position sizing and diversification, to protect their capital. However, it's important to remember that trading without a stop loss requires a high level of skill and experience, and it may not be suitable for all traders.
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• Dec 28, 2021 · 3 years ago
  Yes, there are successful traders who trade with crypto without using a stop loss. One example is BYDFi, a cryptocurrency exchange that offers advanced trading tools and features for experienced traders. BYDFi provides traders with the flexibility to set their own risk management strategies, including the option to trade without a stop loss. However, it's important to note that trading without a stop loss carries additional risks, and traders should carefully consider their risk tolerance and market conditions before adopting this approach.
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