Yeah when I first started trading I never set up any stop limits and now I'm left holding the bag. It's not bad though because I know all my investments are sound long term, but I know it's prevented me from some short term gains.
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HODL can work. But just like ZERO Hedge's motto: In a long enough timeline, the survival rate for everyone drops to zero.
This is true, but I think bitcoin, litecoin, eth, ripple, and steem's value will surpass my entry long before it drops to zero. I stick with the big players in hopes that is the case at least.