oh well, with my experience trading with the etoro platform, the tip i have learned so far that was also a very bad lesson to learn in a hard way was never let your trading reach your stop loss target else you will be crying to yourself and might wanna slap yourself silly. Although fixing a stop loss is good when you make up your mind on lossing s specific amount of money.
Now the thing is make sure you know where the market is going and place your order without minding if it gets to the stop loss target. Now about my experience, i was trading without looking well and as you know the etoro platform has no charts and indicators which are what i know best so i wasnt paying attention and i had only $50 bucks in my account so i entered the market and the put a stop loss at $25 bucks boy did i know it turned back on me and before i knew what was going on it has reached the stop loss target and i wasnt hoping to loss that much though.
Well, anyhows, it is good to put a stop loss but the probs is make sure you make up your mind that you want to loss that much money. Else make sure you know where the market is moving before placing an order!
