Cryptocurrency Q&A Is it OK to trade without stop-loss?

Is it OK to trade without stop-loss?

GinsengBoostPowerBoost GinsengBoostPowerBoost Fri Dec 06 2024 | 7 answers 1745
I'm considering trading without setting a stop-loss. I want to know if it's a good idea to do so, or if there are any risks I should be aware of before making this decision. Is it OK to trade without stop-loss?

7 answers

CryptoEmpireGuard CryptoEmpireGuard Sun Dec 08 2024
If the market moves adversely, traders may face substantial financial repercussions.

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KpopHarmony KpopHarmony Sun Dec 08 2024
By not setting these orders, traders may be able to maintain their positions in the market for a longer duration.

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Lorenzo Lorenzo Sun Dec 08 2024
This strategy allows for more flexibility and the potential for greater gains.

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Ilaria Ilaria Sun Dec 08 2024
However, it is crucial to acknowledge the inherent risks associated with this approach.

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SeoulSoul SeoulSoul Sun Dec 08 2024
Traders can potentially enhance their returns by refraining from utilizing stop-loss orders.

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