Lovely Video, Refreshing to have ethical people talk with knowledge. Unfortunately the new/fresh money coming into the industry is from word of mouth and these people do not have a sound knowledge of crypto to start with, just after a % gain and QUICKLY. Mostly its friends getting their mates to join them in shit. This is their first interaction and it stinks as they will think it is the way to do it.
Preservation of capital is always critical when investing, regardless of the asset class. Having trailing stop losses takes the emotion out of selling a loser as human nature is to hang on far too long hoping the price bounces back.
Lovely Video, Refreshing to have ethical people talk with knowledge. Unfortunately the new/fresh money coming into the industry is from word of mouth and these people do not have a sound knowledge of crypto to start with, just after a % gain and QUICKLY. Mostly its friends getting their mates to join them in shit. This is their first interaction and it stinks as they will think it is the way to do it.
Preservation of capital is always critical when investing, regardless of the asset class. Having trailing stop losses takes the emotion out of selling a loser as human nature is to hang on far too long hoping the price bounces back.