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Binance Smart Chain + Ecosystem / Re: BSC is good then the other wallets or not?
« on: May 19, 2024, 07:50:32 PM »Everyone has a different trading style, they will use the strategy that they think is the best and most effective, for me it's different, I trade using a simple buy let sell method.Yes you are right but there is a limit for us to take CL actions to reduce losses but this does not apply to people who want to invest in the long term, CL applies only to people who do day trading.I'm not a pro trader but I often trade on spot trades and only use stop loss on profits, not for cut loss.
DCA through stop loss to exit.
This will enable me to have constant profits and exit all trades in green.
Setting a stop loss in red means we are gambling, instead of buying coins that we know will recover. IMO
Why I don't use the DCA system like many people use because I am an active person who sees price movements in the market even though I don't trade.