Do you set stop loss for long term gem?

iamsange

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Quote from: GreatArkansas on May 05, 2021, 10:32:14 AM

I want to ask for some long term hodler or altcoin gem hunter there.

Are you considering having a stop loss for every altcoin you bought for long term?

Like for example. You buy this coin x at $3 but the price dumped, and just like trading, do you still put stop loss or cut loss?
Like you will sell the coin once the price reach $1?

For spot trading i am not set stop loss. When i do spot trading i pick coins that already big in market although price maybe increased little by little, i believe coins will increased, if dumped then i will hold it. Like BNB for example, it keep increased in price and maybe if i set stop loss, i already sell my coins because stoploss usually near critical rate that i can accept to lose.

dezoel

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I usually do not in the long term. In the short term I do not really have a chance to set a stop loss because most places are just swaps and they do not have a stop loss type of deal which means I can't do anything about it, and that is why I do not really have that option. In the long run however if it is a true gem and it increases a lot and some of them really do, that means 2x is not that hard, so when it does 2x I just take out my initial investment, and then let the rest compound forever.

I only get out if it reaches to a level where even I can't really argue against. Which is why there is no stop loss for "gem" strategy for me. Albeit I do not invest into too many gems, only a few, and most of my money is in btc-eth-bnb on binance so they all have a stop loss, so it is like 90% of my money is in stop loss, I just don't do it for the gem ones.

ipanks

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Quote from: GreatArkansas on May 05, 2021, 10:32:14 AM

I want to ask for some long term hodler or altcoin gem hunter there.

Are you considering having a stop loss for every altcoin you bought for long term?

Like for example. You buy this coin x at $3 but the price dumped, and just like trading, do you still put stop loss or cut loss?
Like you will sell the coin once the price reach $1?

If you believe the coin will increase in the future, you do not need to cut losses or sell the coin, even if the price is down too deep because there will be a time for that coin to increase again. You can see what we got in a few years ago while our coins are down too deep. Many of us cut loss our coins and leave them without want to buy the coin again. But this year, that coin increase and hit the highest price and those people regret it because they sold the coin before.

A long term holder will not sell their coins, especially if they know the coin can increase so high in the future because they believe the coin price will be back to the highest price.

MrcMrc

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Stop lose is mostly effective in future trading since you may not monitor the market at all times, but again as a passive trader, this method may not be effective because you analyze the market personally in spot trading.

kevinzxz

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Quote from: GreatArkansas on May 05, 2021, 10:32:14 AM

I want to ask for some long term hodler or altcoin gem hunter there.

Are you considering having a stop loss for every altcoin you bought for long term?

Like for example. You buy this coin x at $3 but the price dumped, and just like trading, do you still put stop loss or cut loss?
Like you will sell the coin once the price reach $1?

of course I will never set a stop loss, because I believe every altcoin that I invest for the long term, then the price will definitely increase very high and give me a big profit, so even though the price will go down, but I will never sell my altcoin and of course I still hold my altcoin until the price increase very high (give me a big profit), although it takes a long time for the price can increase very high.

justdimin

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Quote from: GreatArkansas on May 05, 2021, 10:32:14 AM

Are you considering having a stop loss for every altcoin you bought for long term?

"Long term" and "stop-loss" are contradicting thing to each other. Stop-loss is only needed when you're into short-term trading. Because, for short-term trading you will never need to go for in-depth fundamental analysis but only technical will be enough to buy and sell within a day or week. When you are having good fundamental based coin then you will never need to worry about exiting at stop-loss. Because, you can be confident about bouncing back of prices at any time soon.

I am holding few of altcoins for years and they have dropped more than 80% from my buying prices still I am holding them without any stop-loss because I am confident about their fundamentals to get me profits along with this current bull run or in coming years. I'm not having any problem to continue my holding.

Koro-Sensei

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A long term gem needs time to succeed. A loss will never affect your holdings if you don't check its price every 15 minutes. You bought those coin for long term and be back in 2-3 years time and you'll probably see a profit.

MFahad

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Quote from: MarjorieZimmermanGinger on May 07, 2021, 11:15:20 PM

Futures trading carries a high level of risk. if you are interested, you have to put in a stop loss and also take care of money management. most people lose money due to not placing Stop Loss and also desire when opening positions. good entry uses a maximum of 10% of your total balance and also don't use emotions. I already have a bad thing without any stop loss in trading

Doing future trading without a stop loss is like doing a suicide. You will get rekt if you open a trade for long term in futures and didn't place a stop loss. However if you are investing in good coins for long term in spot, then you can keep your trades open without stop loss. Even if coin dumps in spot, it can still recover and give you profits provided you have strong hands to hold.

jinxing

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Quote from: GreatArkansas on May 05, 2021, 10:32:14 AM

I want to ask for some long term hodler or altcoin gem hunter there.

Are you considering having a stop loss for every altcoin you bought for long term?

Like for example. You buy this coin x at $3 but the price dumped, and just like trading, do you still put stop loss or cut loss?
Like you will sell the coin once the price reach $1?

sometimes I apply stop loss when short-term trades of some coins, and it depends on the type of Altcoin itself. if the coins are really easy to pump, setting the stop loss level is probably the most correct decision I have to make

Tervelatuk

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long term invesment doesnt need stop loss, we believe every part of project developtment. price will always up and down , and as investors we should not panic, we have to believe with project future and when development completed we will get multiple gain. long term investor must have strong mental because sometime we we will face unpredicted moemnt.

MarjorieZimmermanGinger

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Futures trading carries a high level of risk. if you are interested, you have to put in a stop loss and also take care of money management. most people lose money due to not placing Stop Loss and also desire when opening positions. good entry uses a maximum of 10% of your total balance and also don't use emotions. I already have a bad thing without any stop loss in trading

Anonylz

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Quote from: GreatArkansas on May 05, 2021, 10:32:14 AM

I want to ask for some long term hodler or altcoin gem hunter there.

Are you considering having a stop loss for every altcoin you bought for long term?

Like for example. You buy this coin x at $3 but the price dumped, and just like trading, do you still put stop loss or cut loss?
Like you will sell the coin once the price reach $1?

If you are cutting losses so early then it doesn't fit to be called a gem! Price dump is part of market movement and price discovery of every project be it gem or not, but what differentiate the real gem from the rest is, even when the price drop, you don't panic sell, you wait for the correction to be over and or dca if you buy a bit high to balance your portfolio and hold, because you have confidence in the project and what they bring,

A gem should not be sold too hurriedly in my opinion, take experience from all the great gems out there that many people sold out of panic, see how they performed. Well this is from an investor perspective, a trader would probably do the opposite.
A long term hodler won't need stop loss because your assets is under lock and key away from prying eyes Cool

accounting 181293

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I always use it whether it's short term or long term. because stop loss is important to minimize losses when the market suddenly crashes. I don't want to repeat my previous mistakes, at that time I invested a lot in altcoins for the long term. before I knew it my portfolio was worthless and it made a huge loss.

Golftech

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Quote from: ilovealtcoins on May 07, 2021, 06:34:26 AM

In my opinion, a volatile market with extremely large margins like cryptocurrencies should not set a stop loss when investing in a long-term project.
Looking at ETH, the value of ETH has increased a lot if bought at $ 100 in March 2020 and it went up to $ 3,600 yesterday. If a person bought ETH for $ 500 in the past they would still have a good profit if they kept ETH up to this point. So not putting stop loss is the right choice in long-term investment. We can either leave the market to decide or buy at a lower price to average the price.

With the volatile nature of this business having this feature might hurt your investment, if you are aiming for long term

and you believe that the asset that you have got a solid foundation, why bother if in some case the value falls hard, it will

bounce and bring you decent profits, a very good example is ETH and BNB both assets suffered bring big corrections but

look at them now, those investors last year who are still holding their coins are surely enjoying from what they are seeing now.

lalabotax

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Actually not really because I am not a type of a daily trader or playing in the future markets. SO far, I rather than choosing to hold the coins if the prices are dropped. But if seeing the prospect of coins is zero and no hope for the coins with low fundamentals, I probably will prefer to cut loose. So it will depend on the situation.

sulendra12

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Quote from: GreatArkansas on May 05, 2021, 10:32:14 AM

Like for example. You buy this coin x at $3 but the price dumped, and just like trading, do you still put stop loss or cut loss?

Stop loss is a must regardless of what coins do you invest.

But before I set that up, I would analyze and check the price regularly before make the order. You don't want that order filled automatically after you made one, right? If the chart is showing a good sign for few weeks/months then I tempted to make the stop loss, so I can secure the loss.

Meta anggraini

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For spot i never put any stop loss, cause i never loss until i sold them, the special case only when i really urgent to get money i will sold some of them and try to buyback later.
But for Futures or Margin trading ofcourse i put ~10%.

nurilham

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Quote from: larus on May 07, 2021, 03:00:15 AM

If we are talking about at least 1 year investment then stop loss is pointless.

It is true, very pointless, not helpful at all. The stop loss feature is only used by traders or short-term investors. We don't need to use stop-loss if the goal is to keep it for at least 1 year. Just check the coin once we have the time to see it. It is different if the goal is the short term, we need to use it because the price can change very fast.

gabbie2010

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Quote from: Irazzzta on May 07, 2021, 06:27:45 AM

If for long term investment, I never doing cutloss to take back some of my money. I sell only if the price make profit, even only make little profit from bubble price. so for consequences, now my wallet hold many alt coin with no price. But nevermind, because my profit from other alt coin more big from my loss. so when you believe in long-term investing in alt coins, don't even think about cutting losses.

There is no point in using a stop loss for a long term investment except the trader is using margin or future trading just to minimize loss in case of any dump however in lovg term trading a dump in the price of the coin wouldn't have much reduction on the actual amount of invested fund just like BTC value of an investment of $100 dumping to $40 however the price might reach $140 or more after price recovery.

Bilgent

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I actually prefer doing it sometimes. It depends on the coin which I invested into. If it's a coin like Bitcoin, Ethereum etc. then I don't do it mostly. But especially for the other altcoins, I prefer it as I don't trust them more than Bitcoin and Ethereum. Grin

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