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Topic: A season for stop loss - page 4. (Read 936 times)

sr. member
Activity: 2422
Merit: 357
June 15, 2022, 03:58:10 PM
#45
In general, this tool is quite useful for work. Moreover, I don’t think that it is seasonal - rather, you just need to use it on time.
There’s no such season for this since this is necessary every time you trade so you can save some money from losing it. Trading is very tricky, it requires a lot of work and perfect timing with a good plan and strategy, many forget on setting up their cut loss price and the result is negative for them. On this bear market, traders should be more wise since the bottom is yet to be seen and having no cut loss level might trapped you on a higher price.
jr. member
Activity: 98
Merit: 2
June 15, 2022, 01:08:41 PM
#44
In general, this tool is quite useful for work. Moreover, I don’t think that it is seasonal - rather, you just need to use it on time.
sr. member
Activity: 1848
Merit: 341
Duelbits.com
June 15, 2022, 11:55:22 AM
#43
Luckily I've done it for a few altcoins. Now is a great time to get big discounts with almost separate entries at multiple support points. If we see when prices start to get low, that's where the whales take our losses. Whether or not it's too late to make a stop loss at this point, if that happens to you, the options aren't too many.
hero member
Activity: 3066
Merit: 629
Vave.com - Crypto Casino
June 15, 2022, 10:49:53 AM
#42
I am not selling anything right now. It's too late. Although I am expecting some more dips but we never know what happens next and my paper losses are already high so I just HODL than regret later if somehow the market makes a sudden turn of events. Interesting if we need to wait for the next halving or ATH happens earlier.
Not really a good time to sell. Just hold firmly and we'll see those good prices again. Just expect that there will be more dips to come and we'll not know until it comes again.

As for my experience last 2017 ATH, I should have sold all into stable currencies last late December or early January this year. Now it's HODL time! 
Just do it again for the next bull and bear market. It's going to save us from a lot of trouble whenever the next bear market comes again but we're not yet done with the current one.
hero member
Activity: 2030
Merit: 578
No God or Kings, only BITCOIN.
June 15, 2022, 08:07:33 AM
#41
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
I wouldn't recommend a margin trade during this period of time if that's the topic of using stop-loss feature here. When in bear market you'd be easily liquidated as prices tend to move faster than expected compare on what we see during bull market when there's a series of mini bear market or just higher lows.
hero member
Activity: 826
Merit: 583
June 15, 2022, 07:34:45 AM
#40
I am not selling anything right now. It's too late.
when you're already losing money and maybe you're late making a sale when the downturn has just occurred. then hold is the best choice. Just believe it, the upcoming bull in the future will bring you in better shape.
although we don't know how long this situation will last. if there is the capital, we can buy back the asset at a cheaper price for the long term.
many are selling at a loss because of panic with the state of the market. Asset values that continue to decline certainly put pressure on investors.
hero member
Activity: 1862
Merit: 601
The Martian Child
June 15, 2022, 06:15:09 AM
#39
I am not selling anything right now. It's too late. Although I am expecting some more dips but we never know what happens next and my paper losses are already high so I just HODL than regret later if somehow the market makes a sudden turn of events. Interesting if we need to wait for the next halving or ATH happens earlier.

As for my experience last 2017 ATH, I should have sold all into stable currencies last late December or early January this year. Now it's HODL time! 
sr. member
Activity: 1778
Merit: 309
June 15, 2022, 05:15:31 AM
#38
Stop loss on last 2017-2018 bull run peak? Where it is around $20,000?
For me, I am really not alarmed with these recent dumps in the cryptocurrency market because it's not only the cryptocurrency market, it is most of the market especially non cryptocurrency market.

Yeah, other traditional financial market is really down right now. But more so on crypto as it reacts on every global news like the war and then the recent Fed rate hike.

Anyhow, I think stop loss is really a must right now, just to play safe. But we all know that in trading, specially in the beginning, we should understand stop loss as this is the basic if you are going to stay longer in the market.
At this tragic loss of prices, I'd somehow think that stop-loss is not the best option but holding. Just imagine buying Bitcoin at $30k (as an example) and then selling it now, we're losing much honestly and if you are not in need of money at this time, I don't think that can be an option to take. Yet, the price drop can't be predicted but to the moment seeing the market in bear season, I think we have been aware of that possibility (more drops than ups) and we deem make prepared for it to hold rather than sell.
sr. member
Activity: 1666
Merit: 268
June 15, 2022, 03:25:56 AM
#37
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

The stop-loss feature is indeed useful to prevent us from experiencing even greater losses when there is a bear market like now. But if from
the beginning we plan for long-term investment, it seems that the stop-loss feature is not needed. Because I myself have decided to invest long-term,
so no matter how deep the market falls, I'm still patient holding the coins I have. I even decided to buy more coins that I considered potential
every time the price dropped lower, because I believe a bull market like what happened in 2021 will definitely happen again. But what concerns us all,
not all coins are good for long-term investments, besides investing in Bitcoin and Ethereum it's a good idea to use stop-loss. Because apart from Bitcoin
and Ethereum so far the risk is very high and there is no guarantee that all popular coins are good for long-term investments. We can see what
happened to LUNA, previously LUNA was very popular and was in the top 10, but surprisingly it fell drastically. I'm sure if we didn't use the stop-loss
feature when investing in LUNA, we would have already experienced a huge loss.
legendary
Activity: 2576
Merit: 1655
June 15, 2022, 02:50:03 AM
#36
Stop loss on last 2017-2018 bull run peak? Where it is around $20,000?
For me, I am really not alarmed with these recent dumps in the cryptocurrency market because it's not only the cryptocurrency market, it is most of the market especially non cryptocurrency market.

Yeah, other traditional financial market is really down right now. But more so on crypto as it reacts on every global news like the war and then the recent Fed rate hike.

Anyhow, I think stop loss is really a must right now, just to play safe. But we all know that in trading, specially in the beginning, we should understand stop loss as this is the basic if you are going to stay longer in the market.
full member
Activity: 1442
Merit: 116
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June 15, 2022, 02:26:42 AM
#35
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
for me at this time we can actually take part in buying, by dividing into several buying areas, so that if the price drops again then I am ready to wait for the next purchase, I don't think about short-term trading, at this time I only rely on long-term investments, if the four-year cycle occurs again, so I have to be ready to wait another four years, therefore the capital I use is cold money
hero member
Activity: 3066
Merit: 629
Vave.com - Crypto Casino
June 14, 2022, 06:02:47 PM
#34
Everything can happen and what we plan is often different from reality, today the market drop is more than 8% and a total drop of more than 28% in a week, even the altcoins that I hold like matic are also significant drops
Well, if you see bitcoin dropping, expect that the whole altcoins market is also going to drop. No matter how you think those altcoins you've got are in shape, still, they're going to lose a lot because of bitcoin.

I think it's too late if we stop loss More than 20%, hold and be patient is better to reduce losses and even profit.
Yes, I also think that it's too late to stop loss if you've bought it before this 80% crash for most of the altcoins. But it's all your choice to make if you think that it's still worth to give it as stop loss.
hero member
Activity: 1484
Merit: 928
June 14, 2022, 04:34:16 PM
#33
Currently I believe nobody can really predict the market and most people want to trade, so I believe whenever you enter a trade it better you use stop loss so incase the trade goes against you then you will be able to cut your loss. Actually not everybody really likes using stop lose, not everybody is in support of stop lose but I believe it's not really a bad idea to use stop lose. I will advise newbies to be very careful currently and they should try and make use of stop lose.
hero member
Activity: 2086
Merit: 553
Leading Crypto Sports Betting & Casino Platform
June 14, 2022, 04:28:03 PM
#32
This is the best time to pick your stop loss and make it an essential part of your trade.
I think that a stop loss will be very useful for short term or day-trader. Moreover, if the price gets down to a certain rate. But, if the price has been decreasing so significantly until dipping again and again, for what we are using the stop loss? If the loss has been too down and we are too late. That is why the most recommended thing is setting stop-loss once we are setting for the buy and sell of the coins. So this will really help us to decrease more losses at certain rates.
As we know, the crypto market today is very unpredictable and it can go down very extremely only in several hours. The bearish is real.
copper member
Activity: 2268
Merit: 539
LuckyDiamond.io - FLAT 50% Deposit Bonus!
June 14, 2022, 11:19:09 AM
#31
Stop loss on last 2017-2018 bull run peak? Where it is around $20,000?
For me, I am really not alarmed with these recent dumps in the cryptocurrency market because it's not only the cryptocurrency market, it is most of the market especially non cryptocurrency market.

Yes many of are forgetting the 2018 time when Bitcoins dropped from 20k usd to 3k usd.
Similarly this time also it’s happening.
It’s just another dump. So no need to panic.
Yes as the OP said, it’s a great time for new investors who wants to buy Bitcoins and join the crypto space.
Right now buy Bitcoins in cheaper price and enjoy profits later on.
Just keep patience and have faith on the market.
legendary
Activity: 2898
Merit: 1253
So anyway, I applied as a merit source :)
June 14, 2022, 10:42:51 AM
#30
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.
Yeah but it would also be wise to wait before buying. But I would agree that a possible reversal is starting and 22k USD will be the last bear range for this cycle. I expect an upward movement to start by tomorrow.

Quote
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.
Stop-loss should be used as much as possible not only in this stage but every-time the trader places an order. Fundamentals only speak of buying bitcoin and technicals should be used with caution.

Quote
It is better to risk a small fraction of your assets than losing it all
I dont think much risk is involved in buying at this price range, unless another big downtrend starts. So you can divide your assets if you have any left for buying and use that to pick up the coins dropped from weak hands.
hero member
Activity: 1498
Merit: 711
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June 14, 2022, 10:35:44 AM
#29
In my opinion it is better to stay away from the market for now. Let is calm a little bit and then we can start using the stop loss. At the moment I feel their is a panic situation out there and the market will hit a new low this year and then might bounce back.

Those who still want to trade they do need to use the stop loss feature otherwise this market condition will eat up their assets. 
your statement and advice is cogent for cryptocurrency trading. Because it's has became obvious that cryptocurrency market is getting downstrend everytime. The best option as you said is to leave the market and when the market restructured you can come back for trading, i embraced such ideas.
sr. member
Activity: 1526
Merit: 255
June 14, 2022, 09:14:49 AM
#28
Everything can happen and what we plan is often different from reality, today the market drop is more than 8% and a total drop of more than 28% in a week, even the altcoins that I hold like matic are also significant drops, I think it's too late if we stop loss More than 20%, hold and be patient is better to reduce losses and even profit.
sr. member
Activity: 1960
Merit: 273
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June 14, 2022, 08:16:32 AM
#27
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

This is really good advise for traders to avoid trapping and regret. If you don't use stop loss you may lose more than expected and at the end you can exhaust all finance in the particular trade because the market is really unpredictable and volatile. Once not taken a good decision at a spot, the volatility will not give you time for that. Therefore I think stop loss is very important to every trade entered.
some traders do not like the use of stop loss. they are oriented toward trading or a long-term investment. when they buy, they immediately sell within a specific target price. when the dump happens, we have to be calm, and not worry because everything will come back again. but in the selection of certain assets. this will change the plan from trading to long-term investment.

however, stopping losses helps traders to avoid bigger losses. once the asset is safe, we can buy back the asset at a lower price in the hope that the pump will return the capital.
To be honest, the current situation requires a good analysis to keep our assets at a stable value. The mind can panic when market conditions are chaotic.
sr. member
Activity: 2366
Merit: 332
June 14, 2022, 07:33:26 AM
#26
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

This is really good advise for traders to avoid trapping and regret. If you don't use stop loss you may lose more than expected and at the end you can exhaust all finance in the particular trade because the market is really unpredictable and volatile. Once not taken a good decision at a spot, the volatility will not give you time for that. Therefore I think stop loss is very important to every trade entered.
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