Home Community Crypto, Trading, Investing, and Technology Perspective on Stop Losses Reply To: Perspective on Stop Losses

#4652
Avatar
maiconerd
Participant

I’ve read the post and I’m currently using only the signals to open and close positions. So far they have worked very well. Of course neither we human beings nor any machine learning program will ever be able to catch the absolute bottom or the absolute top for any trade, but that’s the thing about risk management, most of the time it’s better to close a position too early instead of closing it too late at a loss.

Stop losses are necessary when you are trading based on technical analysis, but as you mentioned on the post the ML model uses much more than that to determine entry and exit points, so in my opinion I’ll keep leaving the SL/TP to it.

Thanks for the post anyway!