Stop loss in trading is very important, especially if we trade futures, to prevent further losses. Even in long-term investment matters, we have to have a plan where we have to be brave enough to make decisions if something undesirable happens. Regarding the sustainability of investment, for every risk that exists, we must have a perfect counter plan.
We must always assume that things are not going to go our way, this way when this inevitably happens we are going to be ready for it and take the necessary countermeasures, however many people do not like this approach as they think such a person is just being negative without reason, but it is precisely when things take a turn for the worse when the preparations of that person will shine, and their ability to recover even from the most difficult circumstances will allow them to continue unhindered towards their goal.
Maybe for some people this is not a good choice or they are too gambling in every step without knowing the limits of an opportunity. Therefore, it is better for us to limit every step as a prevention of worse events. I'm sure pro traders, even well-known stock investors, have plans like that to save their assets.
Stop loss usage has absolutely nothing to do with whether you trade futures or not - why should it?
Stop losses are a standard tool in any sensible trading strategy. Anyone who says otherwise has never traded.
I put stop losses in almost every trade. If the trade is already positive, the limit is moved up until I reach my desired target. If the trade becomes negative, a sensibly set stop loss saves me from losing too much money - or coins, of course.
That's a good routine in my opinion. Hopefully many of us will imitate your positive things in every trade we make.
Especially for long-term investment matters, of course, it will use a variety of strategies.
Not only one strategy, of course, there must be a backup strategy to back up the first strategy so that it still works according to the desired path even though it is not perfect.
The trading method used the safest is spot trading, but this also depends on how one does it and how well mastered the trade.
I agree with your voice regarding spot trading. Spot trading just requires patience and discipline. Make a technical analysis then every time we have money we enter it at certain levels that have been set and wait until the profit reaches the target. Of course, this will seem boring for daily traders, but in terms of investment, long term trading is still the leading category for pro traders. in reaping huge profits.