is a stoploss worth a try so that such big dips don't take away the rest of profit?

[Juskopo]

is a stoploss worth a try so that such big dips don't take away the rest of the profit I make?

[AbdulShiek]

Improper stop placement would cost you a lot of money. I've been there, so it is really important to know its function.

[Newbie_trader]

Yeah, based on my trading experience, SL is effective because it can minimize your losses.

[Mr. Cid]

is a stoploss worth a try so that such big dips don't take away the rest of the profit I make?

You don't have to worry because SL helps you lower your chance of financial loss.

[Aya]

Yes. Stop loss is a very important and helpful feature in trading. I always use it to limit my losses.

[Sendo12]

is a stoploss worth a try so that such big dips don't take away the rest of the profit I make?

Setting a stop loss is really helpful. I had an experience before where I opened a trading position and left it for hours but didn't set an SL so in the end the price dropped so low that I lost quite a big amount.

[Trader_Rob]

I've learned through my experience the importance of setting up a stop loss. I lost about 15% of my capital before just because I did not set a stop loss and forgot that I have an open position. After that incident, I make sure to always put a stop loss on my trades.

[kachinna]

If you want to stop loss from taking out your account, then you need to constantly use stop loss in your trading. There is no harm in using it but there is more harm when you don't use it.