A season for stop loss - page 2. | Bitcointalksearch.org

palle11

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Quote from: yhiaali3 on July 02, 2022, 01:31:11 PM

Personally, I do not use stop loss, especially when I trade in bitcoin, stop loss means that you will inevitably lose when the deal hits the stop loss, but for me I prefer to use hold instead of stop loss, stop loss is good when you trade on chitcoin. As for bitcoin, I do not recommend using it at all because bitcoin It will definitely go back up again, it's only a matter of time, you just need some patience, you don't need a stop loss at all because you will be a loser, but with Hold you will definitely be a winner.

You don't have to see stop loss as a loser method but a method of trading that helps you not to lose all your money at once. What stop does is to help you leave some part of your money for another opportunity to try and regain your lose incase you lost out in the first trade. Whether bitcoin or not, stop loss is a good tool for stopping your risk to be over stressing to your account.

yhiaali3

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Personally, I do not use stop loss, especially when I trade in bitcoin, stop loss means that you will inevitably lose when the deal hits the stop loss, but for me I prefer to use hold instead of stop loss, stop loss is good when you trade on chitcoin. As for bitcoin, I do not recommend using it at all because bitcoin It will definitely go back up again, it's only a matter of time, you just need some patience, you don't need a stop loss at all because you will be a loser, but with Hold you will definitely be a winner.

shushu9977

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Stop loss is very important and useful for the trader. I use many times to stop loss that's way, I lost my money a little of. I know many of them whom don't use stop loss and the lost their money. I see many of them are going to be much painful for the token Luna which is damaged many people life.

Issa56

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Quote from: sklopan on June 26, 2022, 06:52:25 AM

Now is the right time to use this tool. I think that this may well allow the trader to avoid losses.

Even if you use a stop loss, you could still lose money if your analysis is poor. Using a stop loss does not guarantee that you won't lose money, if you don't do you analysis well you will still lose money even if you use stop loss. Let's assume you are trading with $100 and you want to exit the trade when you are at lost of $10, after your stop loss have been triggered, you are left with $90, If you don't do proper analysis and enter another trade with the $90 that is left after your stop loss has been triggered and you set your stop loss to exit the market when you are at $10 lost, if the stop loss is triggered, you will be left with $80 and will be losing money over time. I believe doing proper analysis before entering a trade is the best. Sometimes your stop loss will be triggered then the coin will bounce back.

RealMalatesta

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Quote from: South Park on June 25, 2022, 12:39:43 AM

Without a doubt they should be aware of what they are doing and the consequences of using such a massive amount of leverage and lose a trade without a stop loss, and yet despite knowing the consequences of their actions a lot of people still decide to use that tactic and then they lose a massive amount of money, and the reason is simple they only think of all the money they will earn and not even once they think about the money they could lose, which without a doubt it is a critical mistake.

There are too many people who do not know the benefits they have when they are doing a leverage trading. They are using something that will allow them to make more money than what they could afford and that is the reason why most people use leverage, and the benefit of it is still beyond them. Look, you could turn your 1k into 10k if you wait long enough and if you have a high leverage and that is understandable and I understand that some people may enjoy that and it's fine.

But the reality is that, people who are veterans do not turn their 1k into 10k with leverage, they turn their 1k to 1.1k and they get out. Because, it is much easier to do that, with high leverage, your 10 dollar profit could become 100 dollar profit and you could keep doing that constantly many times inside just one day and you could make a killing out of that for sure without a problem at all.

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Quote from: bitcrystal on June 17, 2022, 05:26:28 AM

I think it's normal for every trader to use stop loss in every trade because you can't always be right and also the market can decide to play around and hit your stop or change direction totally. So it's a must to use stop loss. Anyone not using stop loss is merely gambling.

then what about the holders? do they gamble too? I don't think so!, I'm also a holder and don't use stop loses,
I bought a coin today and I believe that my coin will increase in the future, and that's the holder,.

palle11

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Quote from: Zilon on June 12, 2022, 09:31:51 PM

It is better to risk a small fraction of your assets than losing it all

This is the function of stop loss. When you use stop loss you have a perfect peace of mind while on the trade because the worst that can happen in that particular trade is to lose that part mapped out of your balance that you have decided to trade with.

Quote from: Issa56 on June 25, 2022, 04:34:30 PM

Quote from: bitcrystal on June 17, 2022, 05:26:28 AM

I think it's normal for every trader to use stop loss in every trade because you can't always be right and also the market can decide to play around and hit your stop or change direction totally. So it's a must to use stop loss. Anyone not using stop loss is merely gambling.

I don't really think you are right, I know is really good to use stop lose but is not mandatory, I can enter a trade and I won't use stop lose, using stop lose is just a choice because not everybody really like using stop loss and they always make their money, it those not mean they are gamblers or they are bad traders, I believe using of stop loss is just a choice, I know lot's of traders that don't use stop loss even during bear market and they still trade successfully.

It is actually not a must depending on the traders experience or choice but it is required because it helps to reduce our loses. I have realize using of stop lose is better to be used when we reduce our risk. Because the reason for the negative experience that have made traders to recount bad experience by using stop loss is to take higher risk and when the stop loss is caught up, it will take off huge amount of our balance. Taking lower risk trade is better with stop loss.

freedomgo

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Quote from: Zilon on June 12, 2022, 09:31:51 PM

This is the best time to pick your stop loss and make it an essential part of your trade. The market keeps falling and investors and traders alike keeps crying. It seems some wild prediction of Bitcoin giving those who missed the early opportunity of buying is coming alive. To avoid been caught up and trapped by the market volatility stop loss should be as useful as every other technical or fundamental tool you can think of. It is better to risk a small fraction of your assets than losing it all

Stop loss is really necessary or the best thing to do is to convert your crypto assets to stable coins so you will be safe from the bearish market. We are not sure if the bear market is already over as bitcoin has not fully recovered yet, so more opportunity to buy or accumulate and that is something not to be worried about.

sklopan

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Now is the right time to use this tool. I think that this may well allow the trader to avoid losses.

newdevices

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Quote from: Issa56 on June 25, 2022, 04:34:30 PM

Quote from: bitcrystal on June 17, 2022, 05:26:28 AM

I think it's normal for every trader to use stop loss in every trade because you can't always be right and also the market can decide to play around and hit your stop or change direction totally. So it's a must to use stop loss. Anyone not using stop loss is merely gambling.

I don't really think you are right, I know is really good to use stop lose but is not mandatory, I can enter a trade and I won't use stop lose, using stop lose is just a choice because not everybody really like using stop loss and they always make their money, it those not mean they are gamblers or they are bad traders, I believe using of stop loss is just a choice, I know lot's of traders that don't use stop loss even during bear market and they still trade successfully.

Yes it is indeed a choice and everyone has their own way of trading too,
so when we see a trader there is using a stop loss and there is not using it I think that is a very normal thing,
what is clear is that everyone has the freedom to trade and it depends on their individual preferences

Shasha80

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Quote from: Issa56 on June 25, 2022, 04:34:30 PM

Quote from: bitcrystal on June 17, 2022, 05:26:28 AM

I think it's normal for every trader to use stop loss in every trade because you can't always be right and also the market can decide to play around and hit your stop or change direction totally. So it's a must to use stop loss. Anyone not using stop loss is merely gambling.

I don't really think you are right, I know is really good to use stop lose but is not mandatory, I can enter a trade and I won't use stop lose, using stop lose is just a choice because not everybody really like using stop loss and they always make their money, it those not mean they are gamblers or they are bad traders, I believe using of stop loss is just a choice, I know lot's of traders that don't use stop loss even during bear market and they still trade successfully.

It's true that the stop-loss feature is not mandatory for us to use, depending on the results of the analysis and also the market situation.
I also made several trades without using the stop-loss feature and managed to make a satisfactory profit. Because the stop-loss feature must be
used at the right time, it doesn't mean we don't use the stop-loss feature like a gambler. That's the importance of trading courses, so that we can
learn many things, and know how to use the stop-loss feature well. In my opinion, sometimes too much use of the stop-loss feature can reduce
the profit we generate. So the use of the stop-loss feature must be wise.

lalabotax

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Quote from: Zilon on June 12, 2022, 09:31:51 PM

This is the best time to pick your stop loss and make it an essential part of your trade.

Actually, using stop losses is not only for this kind of season. Stop-loss can help us to manage our fund and also a market for sure. However if we are a day trader or short-term holder, a stop loss can really help us to minimize or decrease the loss. As long as we know the right time and rate for stop loss, this is good enough to do it. However, if we are long term holders, we may not need stop loss because we are willing for long term.

Issa56

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Quote from: bitcrystal on June 17, 2022, 05:26:28 AM

I think it's normal for every trader to use stop loss in every trade because you can't always be right and also the market can decide to play around and hit your stop or change direction totally. So it's a must to use stop loss. Anyone not using stop loss is merely gambling.

I don't really think you are right, I know is really good to use stop lose but is not mandatory, I can enter a trade and I won't use stop lose, using stop lose is just a choice because not everybody really like using stop loss and they always make their money, it those not mean they are gamblers or they are bad traders, I believe using of stop loss is just a choice, I know lot's of traders that don't use stop loss even during bear market and they still trade successfully.

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Quote from: Oshosondy on June 25, 2022, 06:58:38 AM

Quote from: bitcrystal on June 17, 2022, 05:26:28 AM

I think it's normal for every trader to use stop loss in every trade because you can't always be right and also the market can decide to play around and hit your stop or change direction totally. So it's a must to use stop loss. Anyone not using stop loss is merely gambling.

There are some few traders that do not use stop loss like me. Example was yesterday that I used RSI and Bollinger band to determine an overbought position, using 1x leverage to open long position for bitcoin, I was losing $72, it would have been loss if I used stop lose, but later the market corrected itself and I gained $49. I would have gained more up to $154 if I waited to see the price to be at the oversold area on the chart, but I just closed the position before it became oversold but it even dropped more than the oversold area before it start to rsie.

If our analysis says that the market must turn around a few hours later, we don't need to use stop-loss because we can lose the opportunity to benefit.
But if we are in a position that does not really know what will happen a few hours later, the use of stop-loss can be done.
Everything will depend on how we analyze market movements and if we have often traded, we can certainly know what to do and can certainly adjust to the situation.
If the position of the market movement is not good, we can get ready to use stop-loss.

Oshosondy

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Quote from: bitcrystal on June 17, 2022, 05:26:28 AM

I think it's normal for every trader to use stop loss in every trade because you can't always be right and also the market can decide to play around and hit your stop or change direction totally. So it's a must to use stop loss. Anyone not using stop loss is merely gambling.

There are some few traders that do not use stop loss like me. Example was yesterday that I used RSI and Bollinger band to determine an overbought position, using 1x leverage to open long position for bitcoin, I was losing $72, it would have been loss if I used stop lose, but later the market corrected itself and I gained $49. I would have gained more up to $154 if I waited to see the price to be at the oversold area on the chart, but I just closed the position before it became oversold but it even dropped more than the oversold area before it start to rsie.

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Quote from: bitcrystal on June 17, 2022, 05:26:28 AM

I think it's normal for every trader to use stop loss in every trade because you can't always be right and also the market can decide to play around and hit your stop or change direction totally. So it's a must to use stop loss. Anyone not using stop loss is merely gambling.

We can definitely say that a stop loss is mandatory only if you trade with leverage, since a sharp price change may lead to the liquidation of your position. As for spot trading, you will have the opportunity to close your position yourself after a correction, which usually happens after a dump.

South Park

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Quote from: sana54210 on June 18, 2022, 02:26:28 PM

Quote from: AicecreaME on June 17, 2022, 08:26:39 AM

Stop loss is a must every time to avoid huge losses, but some people don't put such thing especially if they have a huge amount of USDT and only using 3-5x leverage. However, it is different for those who are using 25-50x leverage and not using stop loss, I mean that's gonna give you a mini heart attack and so much frustration whenever you got liquidated.

I always use stop loss especially when I'm about to leave my trade and do something else.

Those people who are dealing with such high leverages must be aware of the risks involved. I am not saying that people who do that are all veterans and smart people, some newbies give it a shot as well and sometimes they fail and lose money. However, they "should" be aware of it, that is the requirement to get involved.

If you do 50x stuff, then how could we say that you would not be able to make any type of stop loss, and still expect it to move like a regular market would. That is risky and something that would make you lose money a lot if you are not careful. This is why I always have stop loss, and never do high leverage trading.

Without a doubt they should be aware of what they are doing and the consequences of using such a massive amount of leverage and lose a trade without a stop loss, and yet despite knowing the consequences of their actions a lot of people still decide to use that tactic and then they lose a massive amount of money, and the reason is simple they only think of all the money they will earn and not even once they think about the money they could lose, which without a doubt it is a critical mistake.

saint_casanova

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Quote from: AicecreaME on June 17, 2022, 08:26:39 AM

Stop loss is a must every time to avoid huge losses, but some people don't put such thing especially if they have a huge amount of USDT and only using 3-5x leverage. However, it is different for those who are using 25-50x leverage and not using stop loss, I mean that's gonna give you a mini heart attack and so much frustration whenever you got liquidated.

I always use stop loss especially when I'm about to leave my trade and do something else.

Most traders with 25-50x leverage usually don't use stop loss, tho. They're sort of 'quick in, quick out' in a short amount of time riding some candle with a low fund like $50-100. If they lost, they lost.
Everyone tries to short in this bearish market but the stop loss is what the exchange mafia aiming for to liquidate your fund. I said don't use stop loss, playing low ball with $100-500 and 5x leverage at most with high liquidate price mark if you can afford (cross or large fund). Eventually, it will go down since this is bearish season.

sana54210

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Quote from: AicecreaME on June 17, 2022, 08:26:39 AM

Stop loss is a must every time to avoid huge losses, but some people don't put such thing especially if they have a huge amount of USDT and only using 3-5x leverage. However, it is different for those who are using 25-50x leverage and not using stop loss, I mean that's gonna give you a mini heart attack and so much frustration whenever you got liquidated.

I always use stop loss especially when I'm about to leave my trade and do something else.

Those people who are dealing with such high leverages must be aware of the risks involved. I am not saying that people who do that are all veterans and smart people, some newbies give it a shot as well and sometimes they fail and lose money. However, they "should" be aware of it, that is the requirement to get involved.

If you do 50x stuff, then how could we say that you would not be able to make any type of stop loss, and still expect it to move like a regular market would. That is risky and something that would make you lose money a lot if you are not careful. This is why I always have stop loss, and never do high leverage trading.

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Quote from: Zilon on June 12, 2022, 09:31:51 PM

This is the best time to pick your stop loss and make it an essential part of your trade. The market keeps falling and investors and traders alike keeps crying. It seems some wild prediction of Bitcoin giving those who missed the early opportunity of buying is coming alive. To avoid been caught up and trapped by the market volatility stop loss should be as useful as every other technical or fundamental tool you can think of. It is better to risk a small fraction of your assets than losing it all

Fell down more than what I expected, as you said if someone learned to use the feature few days ago or when it's at peak then probably they get the benefits but after the huge dive then its actually the time for buying, maybe it can fall further but anything below 20K is huge discount just count as much as you can and wait for the next couple of years.

Topic: A season for stop loss - page 2. (Read 771 times)