Topic: Do we need to have a stop loss if we are 100% positive about a trade? (Read 623 times)

When trading it's very important that you manage your risk properly if you want to be successful, risk management is paramount if you want to be profitable, no trades is 100% certain, things can go against you very fast, when something like bad news again the asset you are trading, it can reverse and liquidate your fund instantly, In such situation, it's only proper risk management application ( stop loss and stop limit order) that can save your account.
So in all you do while trading, never forget to protect your capital, so that you can try again when you spot any opportunity in the future.

I suppose there could be some traders that could make do without a stop loss, however they are a minority as you will have to monitor the market all the time and your level of experience will need to be very high to get away with it.

But the rest of the traders cannot really afford to even try, as if the market crashes when they were not giving it its full attention and they did not had a stop loss in place, those losses can wipe out months or even years of efforts.

using stop loss never hurt, just set the stop loss lower if we are so sure with our trades to prevent anomaly from occurring such as the sudden dump that quite literally dumps the coin into a fraction of its value stop loss would help though surely our money aren't gonna spared that much but I guess it doesn't hurt to have some preventive measure, if the money a drained, we got some left that we can use to build our way up again in the future anyway.
regardless some people might judge stop loss as somewhat gimmick and just don't want to go into that extra steps of saving our own capital and add some measure but I guess those kind of people are quite rare.
Im sure many of us are setting stop loss just in case, things could go wrong with trading and if things go wrong gravely, it could quite literally turn our big fat saving into some empty wallet.
just use stop loss whenever you can and thats golden.

Any feature that can prevent us from experiencing losses actually needs to be used, because we as traders always target quite large profits by using any method as long as it can prevent us from experiencing losses. So the use of stop loss is not wrong for everyone to use, even if that person is very experienced in the market field and also in seeing current market trends, especially when buying cryptocurrency which is quite good.

A trader won't get away with complete loss, it's just a way for the trader to at least contain the damage that might be done to him for lessening the loss. But this is a good strategy when you're actively trading for you to understand how it goes with the market and if you're still profitable or not. Someone who's conscious with his trades is good to use this feature for him to avoid further losses.

Mostly, this is being done to avoid getting liquidated but in any type of trade which it is possible to use, just use it for your own sake and preference because it automatically helps you avoid the biggest potential loss that you may have.

The trader should not do the random trade in the exchange,because some coin just listed in the reputed exchange to make the money and fly with your money.So it was essential for the traders to check the background of each and every project to make the good difference in the trading.Many people became a millionaire in the trading by choose to trade with some analytical skills.Some trader had made the trading and loss the money.Finally they was went away from the trading with the loss,if the trader was get away from the loss.Then the possibility of trader to get back to trading was very low.The confidence is essential for the trader to make some good money in the trading using the trading skills.


The trader can use the stop loss option in the trading using the trading exchange help,So the trader can get away from the trading complete loss.The stop loss trading technique was used in the future trading in many exchanges,So the traders get away from complete loss in the future trading.

It's always recommended to use stop loss when you've got active trades even if you are 100% positive of the trade, why? because you are unsure of the market and it's 100% unpredictable. But if you have been trading for so long and it didn't helped you out and you have other strategies that works well to you without the use of stop loss, then forget about it and just stay to the typical strategy that you've been used to. There's no need for you to go along with stop loss, I hope that I can be like you though. 

Though for newbie traders I think it's better to use a Stop Loss to be on a safer side and to protect their account, however experience trader just like OP might not necessarily needed to use it, personally I use it occasionally because I have a virtual kind of Stop Loss that is I marked some zones on the chart if price goes against me and reach that zone I close the trade with a loss and move on thus I sat down to monitor all my trades, however in a case of going to bed or leaving the chart for another assignment definitely I placed my Stop Loss  to avoid liquidation of my account, moreso I do avoided using a tight Stop Loss this can be very risky due to high volatility of the prices.

Using stop lose is an essential tools for us yhabarr traders to prevent unnecessary loses. Trading is difficult and unpreventable so we have to use stop lose because there is no trade that is 100% sure or positive. We don't have to be dump as a trader, we need to be confident about the trades we take but that should not make us to be ignoranclt of what the market is capable of doing.
If we are not smart enough, we can keep incurring loses in the market and not know what could be the problem.

If you are someone who do comes into a point that you are already wary about into those tools and indicators then it would really come naturally whether you should really be making use of stop loss or not basing up on the trade that you are currently dealing with. If you do see that it would really be relevant on having one then you should set it out but if its not and you dont like on getting liquidated or hitting up those SL's then you wouldnt really be making use of it. No one would really be forcing you to on what to do because it would really just that all matter on the things that you would really be doing.

You would really be seeing whether it would really be that relevant or not. For me then making use of SL would really be just that useful if you do make out some hedging or scalping
in shorter time frames but if you are that someone who do really love on engaging with swing or long trades then it wont really be that necessary.
because once it would triggered out or be touched upthen it would be ending up on realized loss comparing into those unrealized ones when you do have that negative.

Unfortunately not that many newbies understand this, every single trade, every single purchase, all has a doubt, and if you feel like you trust it 100% then anyone who believes like that is a fool, they should never consider that at all.

We need to arrange something that would be a lot smarter and we need to make sure that we could make some good returns one way or another, that would allow everyone to get a better hang of things. I get that life is not all that confusing and we could have some trouble, but the reality is that we are going to end up with a bit of a doubt and that's a good thing, doubt makes sure you are on your toes and doing your best ,having full confidence means you will not be ready when something goes wrong.

It's better to be ready than sorry, if you keep on doing anything wrong then you would be ready to fix it right away or prevent it getting any worse. I hope that we could get to a point where people realize stop loss is a must.

Yes, there is no 100% confidence that the situation will move according to what we planned. it all depends on the assets being traded as well. if the asset being traded has very rapid market fluctuations, the use of a stop loss would be more advisable. especially for those who are used to using stop losses, I think those who have experienced difficult situations in the market will be more careful in determining their targets and trading decisions.

Is depends on your setup if your liquidation price is far enough and your are 100% confident that you will not be liquidated but if you are a risk taker going all in at 50x leverage with a very close liquidation then you need to use stoploss else goodluck to you, might get liquidated very quickly. About your question being 100% positive how can you say that? Looks like you are too confident market behavior changes from time to time be careful. 

In order to hold a position for a long time and not use a stop loss, it is necessary to have a sufficient margin in your account, but this can ultimately only protect you from liquidation, but not from losses. So in the end, the open order will have to be closed anyway, only this will not be done automatically, but manually.

If I am not a trader with long years of experience as well, I would have said that you lied by not using stop loss. But in practice, this is possible, yet it comes with some kind of trading sacrifice just as the use of stop loss. If you are such that truly doesn't use stop loss, you will definitely be the type that trades with very low risks and the risks that would allow you to be running in losses for days, weeks and months without your account feeling it. The downside of this approach is that you don't get to make much money and you get to waste much of your time when the market is against you and get to be nursing too much drawdown for too long needlessly. This approach as you can see has its pros and cons, just as the use of stop loss has its own pros and cons, so it depends on the individual.

Also for the record, I had traded this approach before, and it requires patience and the trader will only trade higher timeframes as the short-term strategies are meaningless with this kind of approach. But for me, I use stop loss any time I trade. Be it short or long-term, scalping and otherwise, I use my stop loss because I want to control my trade and account, not that the market will control them for me. The use of stop loss shouldn't be associated with fear, it's there for us to properly manage our trading accounts, and it will always save our account even at the time that the market hits the stop loss and goes back to our position. This could hurt, yet the stop loss has done its job, it's we that should reopen the position as and when right.

Like you, I have survived in the market for long, yet I use stop loss. The only difference between us is that I will always make more money than you because you can't dare to use a high risk and still let your account be exposed. The position will be liquidated soonest!

That is supposed to do but yes, for newbies this is a huge help for them to lose big.
If we can perform trading correctly, stop loss has no use at all. As I've been in spot trading for several years, not have a single trade I never used this because I finished my trade before leaving. It is just how we manage our trade, maybe some are comfortable doing this but for me, it was not. Though we can't always ensure profit in trading, we can't just let our trade at a loss always as well. If we are sure about our trade, then there is no need to use stop loss strategy.

I would say that stop loss would really be that something relevant on the time that you would really be able to encounter on dealing up with futures trading or when you do scalp and you arent planning to hold for long
time when you are in negative on which i would say that SL's would really be that something important specially when you are trying out to scalp but if you are making some spot trades and dont care
about those negatives then you wont really be that seeing for these indicators or tools to be used on because people would really be much preferred on holding their position despite of being negative.
There are really just those people who are really that mindful when it comes to their positions and could really be able to hold those open orders even if it would be taking a long time.
Actually it is really just that simple for you to be able to hold up a negative position and wont really be considered to be a total loss as long you arent closing up that position.

It's a matter of choice, even if you are trading on spot, you might decide to use stop loss, but if you know you can maintain your trade yourself, then you can just decide not to use stop loss. Some traders do trade futures, and they don't even make use of stop-loss since they are active online and they can monitor their trade. But a newbie should always make use of stop loss. Even if they are trading on both spot and future trading, it will help them maintain their loss in case their trade goes against them. They won't really have much experience like people who have been trading for a long time.

I don't think that it can really improve a trader because of not using stop loss. Sure, that are traders that don't really use stop loss but I personally think that it is advisable thing to do especially of you seeks improvement. Stop loss is the one that we absolutely won't want to get hit that's why I think setting it up is one of the result of the technical analysis that we traders do. We hitting the stop loss means that there's still a room for improvement on our technical analysis or research.

I myself don't use stop loss all of the times but it is only when it is a long term trade. Though I think it is still better to have a stop loss given that there's a black swan ones in a while which can possibly be a cause of liquidation.

At the end of the day, it will still depend on us on what we think will do good for us. Our money our rules.

No one can predict trading outcome accurately as they can be unpredictable most of the time. That's why I don't expect traders to be 100% positive on their trades regardless if they are the professional ones. Even those who master trading still cannot perfect their trades in one way or another.

My point is using stop loss can be useful at some point. The fact that we can't guarantee trading profits in the end, then at least through using stop loss we can also prevent our trades from losing a lot. But that remains a choice for every trader as trading using stop loss most of the time has also its own share of disadvantages.

This is crypto trading, and it will be difficult for trader to be 100% positive with the market, because the price can pump higher today and you are not satisfy with the current price and you want it to increase more before you can sell, and it can make you to regret or rejoice which you will not miss the two at once. I use stop loss in my crypto trading since I know little about the market, and how to hold when the bearish season is still on which is a sign that if you trade at the moment you will go to experience  losses in your trading, but if you continue holding for bullish season to come before you can trade you will definitely achieve income that will make you happy which is a simple strategy many traders use to avoid loss in the crypto market.

A stop loss is there to protect you, I know that many traders do not like to use a stop loss as they feel that the stop loss will get them out of their position when the price goes down, and then the market will go back to where it was just a few minutes ago.

And while this is common, the stop loss is not at fault, it is just that the trader is setting a stop loss that is simply to close to the current levels at which the market is trading, so if they set their stop loss at a lower level they will reduce the times they encounter this, while still enjoying the protection that a stop loss offers.

Perhaps, the use of stop loss is for us not to lose our big as it is automatically completed when reaches the set price. This usually happens during the bear season but if we are very active in trading and have enough time in trading, I don't think it is needed for us to use this one. For my entire trading career, I have used this a few times and it is because I don't place a trade if the market condition is on the downside, I used to analyze the market first before trading.

Even in a bull market, the stop loss does not lose its relevance. And if the market corrects, you will have a great opportunity to redeem coins at a lower price after your position is closed at a stop loss, and this will ultimately only increase your profit.

I use stoploss but don't use take profit many times, I use stoploss to cut losses short.
when I was new to trading I was also not taking stoploss seriously because of this I doesn't able to cut my losses short and while watching the trade going against me, my mind isn't able to cut the trade after knowing that i is a losing trade. it become very hard to control emotions, and when I place stoploss first it helps me to cut my losses short and to keep a 1 percentage loss per trade. and helps me to not trade emotionally.

You are lucky if you are still able to hold it for months or years, but if you are not able to hold it, it will result in big losses. therefore the use of stoploss is necessary only to be able to regulate the level of risk every time you make a transaction, because many traders seem to be able to withstand floating minus but cannot withstand floating plus, then if the minus always increases in the end they will become confused themselves.

Yea, I don't use stop loss on order if I have put order in market bloodbath (less chance to fall further) and I trust that particular coin. I have few orders without stop loss at this moment too.

Do not get me wrong, I have gotten my whole positions liquidated due to not using SL but I still prefer no SL, you do you.

I believe that the use of stop loss is also mandatory not only for margin trading, but also for trading on the spot market. And if your position can be liquidated in margin trading, then in the spot market you can turn from a trader into a long-term investor and then wait for months or even years for the price of the coin to recover to its previous level.

If spot trading is what we often do in the trading activity that we do, in my opinion there is no need for a stop, maybe only for those who often do futures trade, margin or leverage trading or perpetual among these I think a stop loss is needed here in what I mentioned.

Because if the stop loss is not really used, the capital that will be used there will be quickly dissolved, so it is important to use the stop loss so that you can take longer to carry out the trading activity.

I believe the same, it is easy to think that you do not need a stop loss as if you are a good trader you may spend years before you are so wrong on your prediction that your stop loss needs to save you from some massive losses.

However by refusing to use a stop loss altogether the risk that we are taking multiplies several times over, as now if for some reason we make a mistake there is not going to be any tool to help us to stop our losses automatically, and by the time we realize our mistake we may have accumulated way bigger losses than what we can tolerate.

Setting a stop loss is best only when you are starting a trade or when you are doing leverage in trading. Since the future market is not guaranteed safe and profitable, then it's a wise decision to use stop-loss to prevent from losing too much. However, if you have high experiences as a trader, and you know already how to maximize your profits and control your losses, then you can trade successfully without the need of a stop-loss. Using stop-loss does not prevent you from losing, but it will only limit your losses not to fall into huge and massive losses.

While trading in the market still remains risky and uncertain, then using stop-loss could offer you help but if you become dependent on it, then chances are  that you can never maximize your trading profits as much as you want it.

Were you trading last year around May last year to be precisely? I'm asking because without stop loss in long position, you will probably have nothing left this year except if you were among the 1% people that short bitcoin and other coins from there top to bottom like USTC and Luna, stop loss really saves a lot of trades from damage that time because you might be sleeping when market will start dipping and without it, you will be screw because exchange will not help you terminate or close a position for you.


I understand your explanation but stop loss aren't just for how you describe but in emergency situations that you don't have power over. You can have an open trade and then decide to take a nap or perhaps go out and live your thing doing it's market things and you were carried away or even forget that you left a trade open and then the market crash, you will be regret doing that without a stop loss because it actually stop you from having lots of damage from the market.

The reason why some don't appreciate stop loss is because the market is unidirectional and everyone has fous right now on halving, so weight not see bitcoin crashing soon but I'm very confident that when the market is ready for a correction, you will definitely use stop loss else you hands will burn.

Can a trade be executed without a set stop loss?
Stop losses are always important and good to be used by every trader. Understanding how to place stop loss has to be mastered. I do not think that there is a time when a trader should not consider a stop loss due to over confidence in their analysis. Stop loss is to reduce losses and as a trader the possibility of making losses should always be considered just as profit is considered. To trade without considering losses is reckless, and to practice such recklessness can be the beginning of losses.

It is very important for us to keep using stop lose whenever we trade. This had helped many traders in the market and safe them of potential loses. It is good for us to know what we are doing or else we might end up losing big from the market. Crypto market is huge and tradable to any extend but the understanding of the market and the use of stop lose will aid us to avert lose.
Those that are good and have made profits from the market without stop loses can still become a victim of huge loses because of not using it.

There are both benefits and disadvantages of using a stop loss. At certain time stop loss becomes boon for you, whereas at certain time stop loss doesn’t fit at all. If you are a trader who trades with high leverage then stop loss is a must. After all it’s your hard earned money at the end of the day. If you trading with very less leverage, then it’s better to not use the stop loss. I am saying this from my personal experience.

I used to stop loss after watching video on YouTube at first time I try to trading cryptocurrency, but now I no longer use it. Instead, I apply stop loss to coins that I consider uncertain, and indeed, my limited trading knowledge makes me hesitant every time I enter a trade. I think it was a very valuable learning experience for me in the past because it helped me understand the actual function of a stop loss.

Nowadays, I only buy coins with a my confidence and avoid every coin that make me hesitate. I don't want confuse myself in trading anymore in trading, which is why I stopped using stop loss for the past year and try to still believe my hand on hodling asset. My confidence in my trading decisions is growing every time I make mistake, and I believe it's an accumulation of my trading experiences, leading to a sense of high confidence.

Being a potential bitcoin trader, I think that it'll be best for me to use stop loss, to minimize my loses, because as a beginner I might not be knowledgeable enough to know when the market is going against me. I think when I eventually gets to start trading, I'll rely on stop loss, until when my confidence level starts to grow, after I must have had a lot of practical experiences. I don't like to be a hero when it comes to my financial matters, I'll rather be humble and take all the precautionary measures to possibly avoid having a single lose. Another thing to consider is that  we all have different levels of risk absorber, if you know that you can't withstand high risks, then it's better to look for precautionary measures like stop loss,  like in this case of bitcoin trading.

There's no need to use stop loss if you're watching your trade or you're using a low leverage.
And for the 100% positive, there's no such thing like that. Your confidence might be 100% but the market is always unpredictable, so there's no way to tell if your trade is going to be profitable or not. The best way to use stop loss is when you're not watching your trade, like you're going to do something else.

Whether you're in spot trading or futures trading, as long as you're not confident with how your trades will end up, then I suggest to use stop-loss especially if you are doing leverage when trading. That is from my own point of view, but if you do trading with an amount that you can afford to lose, then using stop-loss might not be necesary at all.

However, if you have uncontrollable fears from losing regardless of its amount, I guess trading with stop-loss is highly advisable. But make sure to overcome your future fears because that won't make you a successful and profitable trader in the long run.

As far as I know, the stop loss is used when you do futures trading, margin trading, or perpetual trading. But if you're going to do trading activity on the spot, even if you don't use a stop loss, even if you don't, it's okay.

Because, like you, I do spot trading most of the time, but I also never use stop losses in the exchange, which is often done by trading activity. And so far, the experience that I have encountered in this matter is also good.

I do only consider on making use of a stop loss on the time that i do make some futures trading but if i do make out some spot trading then i dont really see for it to be necessary. Why?

You could always be able to have an option for you to hold instead on making some stoploss but well it would really be just that depending on you if you would really be that trying to make use of stop loss
specially if you are really that hedging but if you dont like to have that realized losses then it would be better not to see any stop losses because we know that prices could really swing up on levels on which we know that it is really that easy to make yourself get caught on the peak and ended up on holding. Therefore it would be that wise that having no stop losses on spot.

For futures or scalping then i could say that it would really be something that would really be that ideal because it would really be lessening up the potential losses
on which it is really just that suggested to have this one.

If you are trading without a stop loss, this most likely means that at some point you decide to exit the trade, right? This is not much different from the usual stop, perhaps the advantage of a stop loss is that it can work at night when you are sleeping. Or perhaps you take the position that no matter how much the price of your coin falls, you will still wait for the right targets because you are 100% confident in your transaction? But you say that you had many losing trades, which means that just because you are 100% confident does not mean that the trade will definitely be profitable.

I am also a trader, and I don't use stop loss, but I do encourage people to use it, especially newbies, in case if they are in a trade and everything goes against them, it's going to help them cut their losses because you can never be 100 percent sure about a trade, anything can happen at any moment. Also, people who are not active online to monitor their trade or busy for a particular period of time can easily make use of stop-loss in case things go wrong and they are not online. I don't use stop loss because whenever I am in a trade, I am always active online, and I monitor my trade. In case I notice any changes, I cut my losses myself.

Using stop loss is not bad in a trade, if you want to make use of it, it's fine, and if you think you don't need it in a trade, then it's your choice to choose to use stop loss or not. I am not against it in any way. If you know you are scared of losing a lot of money, then you can decide to use it. The main reason why people use stop-loss is to reduce their losses in trade.

Stop loss is beneficial strategy to reduces your defeat therefore when market situation are alarming then setting stop loss order is necessary but stop loss orders should not be set every time. Some people trade on daily basis therefore they have no idea that when they will sell their coins but if they have firm idea about their profit that the selected coins will pump then I think setting stop loss order is not necessary.

People sometimes loss money in trading because there is no guarantee that when you set a stop loss then your money will be free of risk because risk is always associated with trading. During Bull season one should not use stop loss like if correction take place in crypto market then trade without stop loss can also give you profit.

Stop loss psychology is not only about the uncertainty about any trade, Stop loss is the guard for your capital invested in any trade, even if you are sure about the trade 100% Analytically, but an additional layer of Stop loss can also only enhance your professionalism and risk management.

Also, it never takes hours to place/adjust the stop loss according to the trade type._hehe

Hmm, OP also congrats on your new rank I just noticed, that it's after a long time, as I've interacted with your posts and topics in the past few months.

It's up to you whether you want or not to use the stop loss method when the market is in bad condition. If you believe that your assets will rise again, then it's not a problem. However, stop loss is one method to stop deep losses that can occur, but it does not mean that the person actually stops. Sometimes people use this method to buy back when the price is at a lower price, to get a larger amount of assets, in the hope that, when the price rises, we will have lots of assets that we can sell to take advantage of the bear market by that method.

I believe it depends on the type of trade you are making. When you are in the spot market, you don't really need to worry a lot about stop-loss apart from a few cases where you might have bought a cryptocurrency that is highly volatile and you fear it may lose a lot of value in no time causing you a big loss and such tokens barely manage to regain value quickly after that and your investment will get stuck for a good long while which isn't good for a trader.

However, someone who trades in the futures market, it becomes essential to use stop-loss because you surely can't afford to lose all your amount in liquidation in case the market doesn't move in the direction you predicted, and no matter how confident you are, the market can always surprise you.

If you are constantly at the terminal and think that you can close the order in a timely manner, if the price moves in the opposite direction to your expectations, then you can do without stop loss. But if you do not have such an opportunity, then you should not neglect this function, which will allow to save a deposit in case of a dump or pump, depending on your position.

In my case I do not think about a stop loss as being optional, even if you have a great strategy and you are very positive about the outcome of your next trades, a stop loss still needs to be used.
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I believe it depends on someone's strategy if a user is taking a trade with a strategy where the market can sometimes move over 1% a few times then using of stop-loss can be a pain because instead of having a positive and winning trade the person will end up with a negative or losing trade. I know that some traders believe that stop-loss is not optional but when stop-loss can be the cause of confirm loss then it's better to avoid it and continue trading with your strategy. Stop-loss is not the only risk-management tool that a trader uses there are other risk-management measures that assure the risk to be minimum.


I won't say that my strategy is 100% working and there is 90% chance of winning but in some particular market conditions the strategy has been working at more then 90% winning rate for me. I know that you maybe thinking that what are those market conditions that I'm referring to then I would say a trader needs to give time to trading in order to understand those market conditions. I won't place any trades if market is highly bullish or highly bearish because at those times the strategy that I use will most probably fail without a question. I use other risk-management measures that assure me profitable trade.

I'm not a greedy trader by any means and sometimes I have to wait for weeks or months to get a good and profitable trade but on other times I get 1-2 trade per day depending on the conditions of the market. It's always better to have trades by following a strategy instead of predicting the market based on emotional sentiments. That in end will make you earn some profits and I believe that something is better then nothing. I have used my strategy with 50x leverage sometimes and fortunately I got good winning rate with those trades as well. I risk 2-4% of my capital for such high leverage trades but I can confirm that sometimes high leverage trades can give you good amount in profit if you trust your strategy and yourself.

I don't use stop loss if am watching the market and am on a trade, what I do is I cut my losses when a trade refused going my way after entering and the trade has been dancing up and down without any direction. But the case at which I use stop loss is when I know I won't be online to monitor it probably am going to be out of data or my phone is running low on battery that's the most cases I use STOP LOSS.

I don't believe that trading without stop-loss improve your trading abilities. There is an invalidity zone where if the price went to that area I will consider that my analysis is wrong or the market will go to the opposite direction. How can you survive the market if you loss 3 to 5 trades if you didn't put a stop-loss? Honestly, if you apply risk management even if you lose 10 trades or more, you probably still have remaining funds to trades. I have tried not to put stop-loss in my first trades but it won't work, maybe it's because the winning rate of my strategy is very low. But if you are profitable yet in trading and your win rate is around 90% I think it will work, but sad to say that there is no strategy having that win rate.

It depends on the actual mindset of a trader. If he has reliable experiences in trading that makes him confident to trade and expect positive outcome, then using stop loss might be useless. Even myself if I have obtained the best strategies in trading that work for me for a long time, then I will never resort using this stop loss. It's always challenging if you know for yourself that you are trading for success, and not that you end up trading using stop loss because you have fears from losing.

While this is true for majority of the traders, but I still believe that some traders are still dependent from using stop loss. And if it works for them, then I have no issues with that.

I doubt that I have used stop loss while trading cryptocurrency, but if it were when I was into forex trading, I know I have applied stop loss a few times, but that did not even give the result I expected. I think the best thing to do as a trader is just to trade with low leverage, and if you are using low leverage, there is no need to apply the stop loss. The best thing to do is just use low leverage and accumulate your profit gradually. If you are also using high leverage, that's when you might have the need to use stop loss, but it will make you not be steady in the market, like you will always cultivate some atom of fear in every trade you want to enter. I don't advise that the stop-loss feature is what a trader should get used to.

If you are not an experienced trader, it is highly encouraged to use a stop loss to protect your account from total liquidation because there are some newbies mistakes that we will do starting our trading journey that may result in our trading account wiped. But if you are an experienced trader and have good knowledge of the market and know when to take profits and as well exit the market without stop loss, then good for you.

I tried trading many times without stop loss after observing that most of the time I used stop loss the market usually comes to hit my stop loss, The result was not funny, and the market ducked with me because that was when I first had my trading account got wiped by the market

I think stoploss is a very good thing. But it is very useful if you are not in front of the computer system. It protects your account from sudden dumps and pumps in the market that liquidate your account. So, if you are holding coins in spot trading then don't use stop loss. If rate goes down then buy some more quantity at cheap prices.

If you are 100% positive about a trade of course you do not need it, but the trouble there is not the stop loss, it's the "how are you 100% certain about a trade"? I mean do you realize that you can NEVER be 100% sure about a trade right? It's literally mathematically impossible to be 100% certain about a trade and you should be checking the situation a little differently.

I think it's quite clear that we are talking about a situation where life is a bit harder and you need to make sure you have stop loss that you could use, it would make it a lot better for you. Plus, even if you are 100% certain about it, putting it there just in case can't hurt you, like you say it will go up, and it does go up, then why wouldn't you have stop loss, it doesn't change anything.

Stop loss is used to avoid unexpected drop on the price that will inflict you unexpected losses. There’s always a chance that an opposite result will come even if you are 100% positive on your investment since you don’t know what’s happening behind your investment.

Stop loss will not hurt you if you knew how to setup it properly. Also if you are positive on your investment then you don’t have to worry about your stop loss since it will not be hit according to your belief. It’s like some insurance but is free which means you have nothing to lose when you use it but it will save your investment once unexpected dip happen when you are not active.

Personally, I have never used stop losses even once in my life, simply because I have always been convinced that a coin that is falling is better to wait until it rises again.

But sometimes this strategy fails because some coins fall and do not rise again, so using a stop loss is best in such cases.

The conclusion I draw from my experience is that stop loss is not used in strong coins such as Bitcoin and Ethereum, but it is necessary to use it when trading Shitcoin or other coins that you are not sure will rise again in the future.

yes, we need that even if your analysis is 100% perfect, remember that crypto is very volatile, many things can happen so if you want to take care of your capital, set a stop loss for your safety, even if you can sleep on it, and of course, put a take profit, that would help

In my case I do not think about a stop loss as being optional, even if you have a great strategy and you are very positive about the outcome of your next trades, a stop loss still needs to be used.

This is not about being fearful or nervous about the market moving differently than what you have predicted, this is simply a safety measure, a stop loss is like the seat belts that you can find in your car, you will not need them 99% of the time, but when you do you will thank your good luck you decided it you put it on, and a stop loss works based on the same principles.

It seems for me optional, I see some traders especially master traders as copy traders, and some of them are just letting their trades liquidate instead of setting stop losses, it's just very strange for me, they are just letting their trades to liquidate maybe also because of the win rate, and they can close the trade when it will be breakeven.

There is an opinion that it is better to lose one than three, detecting with the stop loss technique with the image of the analysis chart that has been made, in my opinion if it is standing between the stop loss it is like giving yourself up, meaning that someone else is hiding there to execute the price break point . I prefer to sell instantly when the profit is point one, two and three at the price of the break in the past. For me it is better to sell 1/4 of the trading capital divided by 4 sessions. it is more calculating sometimes the percentage even though the 4th position is a thin profit even vulnerable, but I prefer without stop loss like you with my own decision. avoid blaming yourself from leaving too soon. Keep the price notification always active if it has touched the target to sell or buy.

In fact, this will depend on each trader, right? how they organize their strategies before, during, and after placing their positions in trading. As long as it has worked well so far and is worth it, then just do it as you like.

However, it is true that there are many traders who use SL/CL as one of their trading strategies, especially if it is in Future trading, to reduce the risk of more losses due to liquidation. In particular, sometimes we trade at night and we are about to go to sleep, so many people implement SL/CL to reduce the risk of high levels of loss, so the point is that losses can still be measured. And usually this is for day traders who want short term or fast trading. So that when they reach SL, they can use other strategies to cover the loss. So, this is one of the strategies used. Once again, it comes back to each trader.

Well, I agree with you that Bitcoin can also move to very high %age a few days but I have my own strategy that I use and fortunately the strategy also works on those days when Bitcoin move to 50% or even more. I have been following my own strategy that has helped me secure profitable trades.

I have only faced a few losses when I traded very high volatility pump and dump coins. I know that it sounds funny but I had done that intentionally to see that how good my strategy is but unfortunately on those pump and dump coins my strategy didn't work at all.

If I'm not wrong then Bitcoin hasn't moved to very high %age in short time frame like 1 min, 3 min, 5 min, 15 min, and and even in 30min time frame. In fact I mostly do futures trading on Bitcoin so I don't think that my strategy is going to go down.

I didn't say that someone is brave or coward but I said that how someone can manage his/her emotions because fear is an emotion and if a trader has that emotion then his/her losses can be very high because fear and greed won't allow that trader to have successful trades very often. I won't claim to be a top level trader but I'm fortunate to have learned some skills that allow me to have positive trades.

I’m wondering if there’s a real 100% sure about your trades and it looks like there’s no risk anymore.
And knowing when to sell is just like having a stop loss especially if the market didn’t favor your position. Stop loss is advisable even if you are a good trader already, just learned from those who got liquidated because of the market volatility, they don’t have the stop loss and that’s why they lose everything. Better to have this than to say sorry later on, you’ll lose nothing by just setting up your stop loss.

Using stop loss does not actually guarantee that you're not going to lose anymore. There are always inevitable losses when we trade, even pro traders are not free from it. But I'm not actually convinced on the idea of stop loss because I know for sure that If I always resort into using stop loss everytime my trades are not safe, then I won't gain the chance to improve myself and to improve my performance as a trader. For me, trading losses are actually unavoidable but the fact that we learned from it, then we can minimize committing losses the next time we decide to trade.

Probably, I am saying this because I'm not actually trading in leverage. But even to those who trade with leverage, its not good all the time that one should resort into using stop loss, its useless if you decide to take the risk and won't find ways how to maximize your trading skills so you can be free from series of losses in trading.

It is not needed anymore if you are 100% sure about your trade. In fact, there is no reason to use a stop loss if you are a daily trader because you know when to sell. Definitely, as a trader we already know what is good for us and if this strategy really works well. Of course, we know what we are doing and what would help to improve our trading results. Therefore, if we think the use of stop loss is not necessary, then there is no reason to use it as well. This strategy is usually used for the starters but not those who have experience already.

That's the type of thinking an investor would have, not a trader. Traders like to buy and sell at all times, up or down, doesn't matter, they do not care. Investors like to buy and hold, if they trust what they are buying. This is why it's quite important to make sure that we are going to end up with something that will be profitable in the end.

I think long term holding is a lot more important and it is definitely profitable and should be considered as a good thing, but that doesn't mean that we have a right to tell people to hold. They will end up trading, selling AND buying which means that it could go down or up and doesn't really matter. I hope that it could get to a point where people could make some profit with it.

First of all, I used many times stop loss to avoid the loss. It is useful for trader. But it is not always to use. I aso used it but now i  do not use. If a trade have proper knowledge about the crypto market, then he/she will trade long or short invest without stop   loss.

When trading with a trend, when the market makes a correction, you don’t have to use a stop loss, because the big players will try to throw you out of the market and it will be a shame to miss a good trade.
When trading against the trend, for example, intraday, a stop loss should be used as you never know when the market will continue its trend again.
Of course,trading with a trend doesn't guarantee success but reduces the risks.

Definitely not. If you are sure of the asset you are buying, why sell? You just need to buy more when it goes down. The more it falls, the more you buy. Actually in this case it is even better if the asset’s price is dropping because you can buy more for a cheaper price.

Let’s say you are in the real estate business and you have $10 million but no homes. Each house costs a million usd and you can buy 10 houses. After you bought your second home the prices took a nosedive and now each house costs $800k. That means you can buy 10 more houses with the remaining funds if yours ($8 mil).

Some will find it useful while some are not, just like you. But it isn't doesn't matter especially if there is no issue/problem with/without using this strategy because what is important is that we make money and earn a profit in trading in many ways. In fact, not often use this one and I'd never find it necessary if we are active traders. Besides, this strategy never helps us to earn a profit but just helps us not to lose too much and still save some. If we can play the market well and have long trading experience, I believe it is not needed anymore. This just good for newbies, IMO.

If it's for a beginner, then yes, I will obviously recommend Stop Loss. The fear of losing money in trade does not go away if you don't use Stop Loss. In my opinion, it's quite the opposite. Let me explain. The more you practice something, the better you get at it. Playing guitar for example. You put all your finger on the strings after you see it. Even after seeing the strings, you may miss 1 or 2. But as you practice more, you create a muscle memory. This helps you to play the guitar without even looking at the guitar itself. You can even play it in your head without the guitar itself.

We can say the same this with trading and SL. As a beginner, if you keep practising this, when you become good at it, you won't need to put SL anymore. Because you can just create a calculation in your head and open trade based on that. Also, using SL helps a lot in emotion control. As we all know, emotion control is a major thing when it comes to trading.

Part of controlling fear is knowing when to sell and when to accept a loss. This does not mean that you are weak or inexperienced, but on the contrary, you control your emotions more than a person who does not use a stop loss. The stop loss order is also good when you want to make a trade without having good knowledge of market trends or the trading volume is not large, so place the stop loss next to the support or loss points to reduce losses if the trend reverses.

You should have included this in your first post so it won't sound strange to anyone. Now, I see the reason why you are not too comfortable with using stop loss. Stop loss is just to help you manage your risk and nothing more. I personally will make use of it to minimize my risk because I can not just watch by while my balance liquidate if things goes wrong. It has less effect if you mainly trade bitcoin because you can not compare bitcoin trading to other coins in terms of volatility. The shitcoins have caused you huge losses but I can confidently say they also made you some profits before you decide not trade on them again. In fact, shitcoins are the best to trade with if you aim to make quick profit and also ready for the otherwise of it. Bitcoin offer less risk with lesser profit, each has its price and you can either take less risk to earn less or take higher risk to earn high.

I've been checking out this whole trading thing recently. I've decided to throw in a bit of cash in it just to see if I can get a hang of it. This stop loss feature does sounds pretty cool at first but from what I can tell, it seems like this stop loss thing is more for the people who've been trading for a while. Those folks who have spent time figuring out how the market moves and how to play their cards right. They know when to jump into a trade or bail out, so they'd know when it makes sense to use stop loss.

If you're new to trading I don't think that the stop loss is a good option. To use it effectively, you need to have a solid understanding of how the market works. If you're still getting the hang of things, using stop loss might end up doing more harm than good. There's a real risk that misusing it could lead to losing more money, instead of gaining.

Using stop loss in trading may be a wrong decision, when I used to do futures trading I had little confidence in myself due to which I used stop loss after taking a trade. One thing I noticed about using stop loss is that if I put a stop loss at 10 dollars from the target price, maybe after the 10 dollar loss, my coins will be out of trade. The problem here is that after falling a bit below $10 the market goes back up and then we have nothing to do. Because our coin was already trading at a loss of $10, if we had been patient with some risk at that point without using a stop loss, the market would have gone up again and we could have reversed the loss. It's mainly because of this that I don't use stop loss now and it's probably a good decision for me.

When I am doing a trade I never trust on market condition because any time it can dump because of so many fuds.its better to make sure a good stopl loss even if we are 100% positive about a trade.in this condition of trade your thinking money will be safe and you will have not fear of market condition.i am doing like that may be others are also thinking like that

The use of stop loss depends on the decision of each trader. Personally I would use stop loss on futures trades only. There are several conditions where I don't use a stoploss when trading futures, when I only have 3 positions, and in long form, not short. Usually long positions have liq. wider price compared to short positions.

In the bullish market I went long without Stoploss 😅 Plus, if my analysis and confidence were 100 percent then I wouldn't place a take profit, I would just take profit manually.

I think if you're 100% positive about a trade, you might be a bit too bullish and hence delusional. I think the most positive I was for a certain trade was like 80% and I thought I was being too unrealistic.

Yes, stop-losses are definitely not 100% necessary depending on the circumstances (especially when just going long-term long with lower leverage), but yea just my 2 sats.

Stop loss is generally used to save fund from big loss when any bad incident happen in crypto. I was also against Stop loss and never used before 2021. If you remember BTC crash due to china fud , I was holding many coins that time and suddenly BTC dump from 43k to straight 30k and you can imagine what would be happened with altcoins. My portfolio had fallen very low that time and then I felt the need of stop loss.

Stoploss is one feature and it's positive or negative impact depends upon the trader strategy. If we 100% sure about about any token and also if token dump then we could hold it (we have extra fund to trade other comfortably) then no need to use stop loss. Traders usually trading in volatile coins and this why stop loss is necessary.

But if you use high leverage, that doesn't really affect the volatility of the coin you trade right? Wouldn't that expose you to more volatility instead? I don't see why you would avoid SL altogether even if you're confident with the coin that you trade, since that confidence can't give you future insight to begin with. It is a also bit unwise to think that by conquering fear you mean not using any risk management tool available for you. I mean, you. can get fucked by many things other than wrong technical analysis.

You never know what will happen with the market and stop loss, stop limit orders will help you to prevent big loss when black swan occurs. Those order types can save your portfolio even when you are sleeping.

A professional trader actually uses stop loss and stop limit order more than amateur traders. Because they experience a lot, more than amateur traders to know that if they don't use those order types, their portfolios will have big risk to lose big in value with black swans.

Even you are very confident with your open position, using stop loss or stop limit order is good. It is not harmful but actually is very helpful for you.

honestly it depends there's no harm in keeping from losing even more so when you are so sure, you can just set stop loss and then relax and not thinking about your trades every minute.
simply put its good to have some safety because who knows whats gonna be turning out in the future, you could be in the worst position at the worst time basically around the time like 5 minutes before announcements of ETF disapproval for example, the market would change drastically and the trades that you initially confident in, would make you not really confident.
even more so with higher leverage as many said because the market could definitely go wrong within minutes, there have been many histories in the market where the price plummets within a blink of an eye.

I have understood that setting a stop-loss will only limit a trader's loss and that is good enough for those traders who are actually not confident to trade. But if you are a good trader and does not use  leverage in trading, then setting a stop-loss does not make sense. It only limits your potentials and capabilities to trade, that is not good at all in the long run since trading is all about enhancing your skills and working strategies.

This is the reason why I don't trade and use stop-loss. Although that may be good for novice traders to avoid losing a lot in trading, but let's just accept the reality that as traders, we need to combat those losses in order to end with successful trades and that will only happen if we pursue trading despite the fact that we can lose a lot from it.

Stop loss has nothing to do with instilling fear. It all depends on one's trading strategy and how they try to manage risk. What may work for you won't work for everyone. I use stop loss most of the time when scalping with high leverage. Without stop loss, one bad trade and all the profits you had made from several trades are wiped off.


The day the market plummets by over 50% including Bitcoin like it did in March 2020 is the day you will know why some people use SL 
It's not about being brave or a coward. It's a just a risk management tool.

If someone didn't use SL for spot, I think they are a little safe, so long as they have the patient to wait for the price to get back up.

Well, it will depend on the trader. For me, I don't use stop loss on every trade that I make. Because I have a separate account for my live trade, meaning I will put some amount or capital in my trading account, the account came from my storage trading account, as I called it. In short, I have two different accounts used for trading: one is for storing my capital to be used in trading, and the other is the one I used to execute the trade. The set-up is that I will put some amount in my trading account, say $100 worth of bitcoin or BTC/USDT pairs, and from that, only the $100 worth of my money will be going into the trade, so even if I don't stop the loss, if the equity reaches zero, only the $100 worth of my asset will be lost. That's how I manage my trade. I also don't use stop-loss often because, of course, there is a downtrade, so I want to see if my trade will be really wrong or not. In summary, it depends on the trader as to how he will trade, whether he will use stop loss, take profit, etc. If your strategy works for you, then it's good, as we trade on our own accord.

I on the other hand do trade with high leverage but only on the coins like Bitcoin as they aren't going to move a lot as compare to the other shit-coins that are basically pumped and dumped. I don't really trade the shit-coins anymore as they are risky and I have faced huge losses when I traded those coins in past. Now, my main focus is on Bitcoin and a few other altcoins that aren't highly volatile as those useless shit-coins which exist for pumping and dumping.

Sometimes I use more than 20x leverage on Bitcoin but mostly I prefer to go with as high as 10x leverage. The 10x leverage on Bitcoin is far safer than 5x on any shit-coin that can move crazily. I know that the profits with Bitcoin trading pair aren't much as compare to others but the risk is minimum with Bitcoin trading.

I do not use stop loss again since 3 years ago when I saw its disadvantages. You will know what that I am talking about.

I trade with low leverage.

I average. People that average will likely not be using stop loss.

Those traders that uses stop loss are those that uses high leverage, or trading a very volatile altcoins and not averaging.

I have been into trading for many years but I have never used stop-loss myself because I believe that stop-losses won't help a trader to improve his/her trading abilities. The stop-losses are something that will protect a trader from losing a lot of money in a trade but if a trader doesn't conquer the fear then that's the worst thing I guess.

I have won many trades and I've also lost many trades but I have never used a stop-loss for a single time and that has helped me as a trader to improve the areas that needed that improvement. I'm not really against stop-losses but I believe they can cause fear in the mind of a trader and the trader might not take risks if he/she fears about the losses that take place if the trades go wrong.

I would like to know that what you guys think about stop-losses, and how often you guys use stop-losses to avoid getting huge losses in your trades?