What exactly is a stop loss, and why should every trader care about it?
A stop loss order is your safety net in crypto trading. It's an instruction you set beforehand: if your position drops to a certain price level, automatically sell it. Simple as that. But here's the thing—it's not about being pessimistic. It's about being realistic.
Picture this: you bought Bitcoin at $40,000, but you're not sure where the market's heading. Instead of watching it crater and hoping for a comeback, you place a stop loss at $38,000. If the price hits that level, boom—your position closes. You lost 5%, yeah, b