A season for stop loss - page 5. | Bitcointalksearch.org

ultrloa

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Quote from: Lanatsa on June 13, 2022, 06:56:48 PM

Quote from: AmoreJaz on June 13, 2022, 06:07:12 PM

Quote from: crzy on June 13, 2022, 04:46:28 PM

Stop loss is necessary but still the market is unpredictable and this crash can happen instantly without you knowing the future trend, on this level your cut loss level will be invalidated or else you have to sell at a bigger loss which I don’t recommend. Holding is the next best thing you can do, and of course you can still accumulate to average down the cost. In this current market, those who have a better plan always ended up a winner in the next bull market.

i have the feeling that a lot of traders got liquidated owed to this recent crash. so i think, you need to re-visit your goals here and maybe, hold off your trades for a while and get the pulse of the market. stop loss will be your saviour if you are not very careful here.
maybe, time to assess things in the market and keep an eye with the news surrounding the crypto market. this will give you insights on what to do with your funds.

Lots had been liquidated from those future/leverage trades but for those spot positions then as long they hadnt realized those losses or havent put up some SL's then there's still some chance for them to hold their position.

Stop loss are relevant but i do see for it to be useful when you are dealing with the price on a very active manner but if not then you would really be finding
a big problem if you dont know on how to handle your finances.

As long you dont sell then its not considered to be a loss.

Stop loss might be applicable enough if you are losing to much money on it and maybe execute this as early as we can then take position on how market acts because from this we can recover back the losses we got on how the market goes at the moment. But its really a big problem if you don't know how to handle this kind of situation because we might get another lose if we take wrong step on executing our next positions.

justdimin

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Quote from: Captain Corporate on June 13, 2022, 03:48:13 PM

It is not that simple, I would say that when we know its not doing fine, putting a stop loss at %50 would be understandable, because anything that goes down %50 would probably go down even more and that is understandable. But having any stocks or gold compared to that? They do not really go down %50 that easily, maybe some stocks could, but not the market in general. This is why there is a big difference between the two. I still say you should go with crypto though, because you donot make x100 with stocks that commonly, but doing x100 in crypto is not unheard of, in fact it is quite common during bull periods.

You should still be careful though. I agree that with crypto there are some falls which are sharper than stocks, and the whole market is in a big fall, we reached like 70% or so down from the top, and that is a sad situation. I get that we will also recover a lot bigger as well, I agree that bitcoin could reach like 300k for example, before tesla goes up 2x from current price, so it is quite possible to make more money here.

But, just because the up is that much, doesn't mean that we need to go that high, we could still end up with some part of making a good return while being careful with what we are investing into. Stop loss would be a smart decision in that case.

Lanatsa

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Quote from: AmoreJaz on June 13, 2022, 06:07:12 PM

Quote from: crzy on June 13, 2022, 04:46:28 PM

Stop loss is necessary but still the market is unpredictable and this crash can happen instantly without you knowing the future trend, on this level your cut loss level will be invalidated or else you have to sell at a bigger loss which I don’t recommend. Holding is the next best thing you can do, and of course you can still accumulate to average down the cost. In this current market, those who have a better plan always ended up a winner in the next bull market.

i have the feeling that a lot of traders got liquidated owed to this recent crash. so i think, you need to re-visit your goals here and maybe, hold off your trades for a while and get the pulse of the market. stop loss will be your saviour if you are not very careful here.
maybe, time to assess things in the market and keep an eye with the news surrounding the crypto market. this will give you insights on what to do with your funds.

Lots had been liquidated from those future/leverage trades but for those spot positions then as long they hadnt realized those losses or havent put up some SL's then there's still some chance for them to hold their position.

Stop loss are relevant but i do see for it to be useful when you are dealing with the price on a very active manner but if not then you would really be finding
a big problem if you dont know on how to handle your finances.

As long you dont sell then its not considered to be a loss.

AmoreJaz

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Quote from: crzy on June 13, 2022, 04:46:28 PM

Stop loss is necessary but still the market is unpredictable and this crash can happen instantly without you knowing the future trend, on this level your cut loss level will be invalidated or else you have to sell at a bigger loss which I don’t recommend. Holding is the next best thing you can do, and of course you can still accumulate to average down the cost. In this current market, those who have a better plan always ended up a winner in the next bull market.

i have the feeling that a lot of traders got liquidated owed to this recent crash. so i think, you need to re-visit your goals here and maybe, hold off your trades for a while and get the pulse of the market. stop loss will be your saviour if you are not very careful here.
maybe, time to assess things in the market and keep an eye with the news surrounding the crypto market. this will give you insights on what to do with your funds.

Smartvirus

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Quote from: lixer on June 13, 2022, 05:03:30 PM

I think that stop loss is not needed anymore because the price seems to stop falling lately as they are already at their lowest. What is happening is that they only increase a little and then they fall again on their previous low and then repeat this cycle again and again but even if we are not on this situation, there are still traders that don't use a stop loss. Maybe stop loss is really not an essential part of trading?

Are you sure about that... That bitcoin is no longer making any more lows and as such, stop lose is no longer needed on a trade?
I really can't agree to that point with you. Sincerely, I never expected nor did any prediction that bitcoi could make the low that it just did. Today's low came as a shocker to me and I wondered whats going on. Although, I know better not to sell but instead, be joyous of the perfect buying opportunity it creates, giving investors a chance to level up with early adopters, even though is just by a fraction.

Stop Lose is just a guide against the unexpected with some degree of possibility. Using it or not doesn't make you less a professional trader but, its another way to exercise caution and should he encouraged.

lixer

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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

I think that stop loss is not needed anymore because the price seems to stop falling lately as they are already at their lowest. What is happening is that they only increase a little and then they fall again on their previous low and then repeat this cycle again and again but even if we are not on this situation, there are still traders that don't use a stop loss. Maybe stop loss is really not an essential part of trading?

A true investor and trader does not cry but those who cry are weakling or they are newbies on this scene. If you have picked the right set of coins, it is better to not loss anything even if that is small because their value can always recover.

crzy

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Stop loss is necessary but still the market is unpredictable and this crash can happen instantly without you knowing the future trend, on this level your cut loss level will be invalidated or else you have to sell at a bigger loss which I don’t recommend. Holding is the next best thing you can do, and of course you can still accumulate to average down the cost. In this current market, those who have a better plan always ended up a winner in the next bull market.

Captain Corporate

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Quote from: Mahanton on June 13, 2022, 02:48:50 PM

It is not that simple, I would say that when we know its not doing fine, putting a stop loss at %50 would be understandable, because anything that goes down %50 would probably go down even more and that is understandable. But having any stocks or gold compared to that? They do not really go down %50 that easily, maybe some stocks could, but not the market in general. This is why there is a big difference between the two. I still say you should go with crypto though, because you donot make x100 with stocks that commonly, but doing x100 in crypto is not unheard of, in fact it is quite common during bull periods.

Mahanton

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Quote from: GreatArkansas on June 12, 2022, 10:31:05 PM

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.

Lets put up some example.

S&P 500, Nasdaq 100 Drive in to 'Bear Market' Territory Ahead of the Fed
Everything in the Stock Market Is Being Sped Up Including the Crash

So its not really that crypto market does have that problem.Almost those traditional markets are suffering the same thing.
Stop loss? its sensible for some investors but not for those who do long term hold.

LouVandetta

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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

As the others have said, this might be a good time just chill and enjoy your tea/coffee without getting stressed out from the bearish market at the moment.
Sure, stop loss is very important if you want to be a good trader and also to minimize your losses as little as possible. But, there's will come a time where you just need to step out from trading. Since we don't really know until when the bearish market will continue, so entering the market now is very risky, tho it is always risky.
The best option would be just stop trading for a moment, and just wait for the right moment to get back in the market. It's a lot better than losing more when you think you could buy cheap and hoping the price to bounce back up but its price trend says otherwise.

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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.

Understanding stop losses is important, however, I'm a part of those who share the opinion that this is best time to play it safe and instead of concentrating on setting stop losses or how to go about it this season to still limit your losses. Enough losses have been made already, I'd say just lay off trading for a while till the market is doing better, it wouldn't make you any less a trader.

A big and an also very important skill in trading and a factor in becoming a successful trader is knowing when to trade and when not to trade, IMO this season where the market is crashing remarkably without prediction, trying to best secure what you have left is the best strategy.

Raflesia

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Very wild prediction but Stop Loss is very important but I have changed to a stable coin which allows my asset not to lose much, I will continue to pay attention to what point is the lowest when the market is bearish, I think $20k is the right one to enter again or wait again under that?

There is nothing to earn as long as the market drop down is more severe but I would like to maximize my buy again at a lower price.

Mauser

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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 orders are important tools for short term traders. We can all make wrong decision and a stop loss helps us to limit our losses. The problem is that in times of high volality the positions can be closed out way to fast again. Today bitcoins dropped 10%, which means that most of the stop loss would have triggered already. Another problem with stop loss is that it doesn't take general market movements into considerations. Over the last few months all of the big crypto coins lost in value. If we sell our positions through a stop loss where will we invest then? Switching into a different coin will likely trigger the next stop loss. Maybe selling right now is not the best option, because why didn't we sell when bitcoin was at 40 or 35,000? At such low levels now I would just sit out the storm.

joeperry

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Actually it's time to buy now according to my TA and preferably the TA from different groups I am following with, they explained a good ideas why it is now a good idea to long, I don't wanna bore you with the details I think there's a lot of good ideas you can see in tradingview I rather choose that platform than rather predictions here in the forum, I see a lot of speculations here lately but they don't offer a valid proof or good TA to support their speculations.

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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.

There are traders that are happy about this drop. Specially those who leverage and short, that's making them money and they know what they are doing.

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

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

Or just don't trade at all.

If it's not productive to do it and you're the type of trader that you can't make that much on this time, you better stop trading and just buy for long term holding because this situation won't last forever.

CryptoYar

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

~ The market keeps falling and investors and traders alike keeps crying.

I don't know why people are crying. Do they dont have short button ?
A good trader always makes money from fluctuations.

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It seems some wild prediction of Bitcoin giving those who missed the early opportunity of buying is coming alive.

Yes, this opportunity is giving those people who missed opportunity to grab at lower prices. but, it is also a fact that at this time there is lots of fear, and because of that majority of new investors don't want to buy. But when bitcoin goes back to its all-time high, they start regretting again like they always do.

Quote

To avoid been caught up and trapped by the market volatility stop Loss should be as useful

It is not enough only to set stoploss but it is also important, what is your target price and where should be your stop loss.

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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

That should be the very mindset of every trader and that's where MM (money management) comes in. While starting on this journey, I made that same mistake of thinking that I could get out of the market and be profitable without SL because it would seem that price would get to my SL, offset it and then revert to my TP. It was always happening. When I didn't place a SL manually, it would get to the point I had in mind and zoom pass it instead of reverting. So, it would take me days and sometimes months too to revert to entry price. In some cases, I would eventually had to close in greater loss than I would've done if I had placed a SL. That's after days, weeks or months. I've realized it's pointless trading without SL. SL gives you rest of mind. Just don't place it too close. Give it space to breath well.

pakhitheboss

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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.

tbct_mt2

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

It seems some wild prediction of Bitcoin giving those who missed the early opportunity of buying is coming alive.

Don't predict the market, let's response quickly with what you see on the market. Or you should have a long term plan, then you won't have to predict the market, how it moves next days, next few weeks, next few months.

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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, stop limit orders are good but don't forget to exit and don't open new positions with margin, future trading. You will be killed in the chaotic market, now and until the bear market ends.

Before the bear market ends, you will be killed again by short positions. Because you don't know when it will turn to bearish, you short, then you will be killed.

Ararbermas

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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

its necessary always to have a stop loss because on this kind of situation of the market its very dangerous to rely only in our skills,where in, much better to be smart enough when trading to prevent massive losses and regrets afterwards. So always focus on how to protect your trade and the only solution for that is you need to build your own risk management that even you made mistakes at the end of the day you still can bring your account into green.

Topic: A season for stop loss - page 5. (Read 772 times)