Topic: Do you set stop loss for long term gem? - page 2. (Read 505 times)
When it comes to investing you can't set stop loss like when trading. Because you are setting a sell order to sell at a low price, people will easily fulfill the order. You just have it in mind that once price reach a certain level you are not willing to lose again, you sell it immediately.
I don’t like stop loss. Previously I use Stop Loss. However, I can't remember when it helped me. But, I still remember, I missed too much profit for stop loss. In fact, stop loss can be helpful. However, you need to keep the stop loss at the right price. I am no longer using Stop Loss.
And if I talk about the long term, of course I will never use stop loss. Because, I only invests in trusted currency for long term. It is normal for cryptocurrencies to rise and fall price. Hurry in long term not a good decision. I can miss big profit for stop losses.
And if I talk about the long term, of course I will never use stop loss. Because, I only invests in trusted currency for long term. It is normal for cryptocurrencies to rise and fall price. Hurry in long term not a good decision. I can miss big profit for stop losses.
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?
Till now, I don't use any stop loss because I expect a goal from where I invested. If I need to wait to fullfill it then basically I wait till then. I rarely use my funds for short term. I always prefer long term investment and I don't use any stop loss for it. Because market can retest then for using stop loss my requirements will not be fullfiled. That's why, I don't use any stop loss for long term gem. 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?
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?
I just choose the coins which are suitable for long term holding hence I never preferred for going with stoploss. I simply hold highly known and established coins which makes me to continue my holding with more confident about bouncing back of markets. If you are taking time to choose your coins after long due diligence then you can avoid going for stoploss things.Are you considering having a stop loss for every altcoin you bought for long term?
Stoploss is good if you choose bitcoin/ethereum for short term trading. Because, there are big volumes happening on those coins which will help you to get another opportunity.
I invested with Lisk/Ada/TRX kind of coins but they got dumped after my investments but I simply continued my holding and they slowly turned back. Right now I am holding ada in profits but LSk?TRX yet to get into profit zones and I believe I will get very soon.
I don't know if that is really important when talking about investment, why we should have to do it in a way that we are planning for a long-term investment. We are not in trading that we supposed to use that strategy. It finds ridiculous to use it if we know ourselves that we can make a hold when the market will dump.
Anyway, either to use that or not, that will depend on us.
Anyway, either to use that or not, that will depend on us.
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?
That depends on the coin itself because if the coin has the potential to increase in the long term, I will not sell the coin when the price reaches a lower price, but I will buy more because I know its potential.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 example, I bought litecoin for $100 but in the downtrend, the coin crash and reach $40, and I did not sell the coin instead, I will buy more amount and hold it, even I do not know how long I should hold.
But if that is trading, I will stop loss because that can help me prevent the big loss.
Many of us do not know which coin will be the next gem, and many coins have the potential to increase, so that can make us confuse.
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?
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?
Before, I did not consider to stop my loss or to cut my loss. I knew that the coin I am holding is a promising coin since it is bitcoin and eth so I just have to trust and have patience. My igrnorance to check btc and eth price due to I am busy with my work also helps me to just keep my coins while its price is still low. I know this is not applicable to coins so maybe I used stop loss to other coins.
I guess if your intention is to invest for the long term then no need for stop loss, this is what I do. If you set a stop loss or cut your loss when the price dips, that means your intention was not clear from the beginning of investment, you must have understood how the market works and understand the project you are investing in to know that it will come around. so no cutting loss.
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.
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.
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.
I have never used stop loss. I think it is very risky to hold coins in exchange. If I have to hold for long term I would hold in wallet not in exchange and I have never invested in token which can high dump.
If you think a coin is a gem why are you trading it? You should invest and hold it in a wallet instead of leaving your coins in exchanges.
A stop-loss is for traders and most has to do with leverage, if you set stop-loss at a long term crypto investment you are buying high and selling low.
A stop-loss is for traders and most has to do with leverage, if you set stop-loss at a long term crypto investment you are buying high and selling low.
Nope. Stop-loss when you are holding it for long term isn't needed.
I remember the time when I bought ENJ last 2019 and held it since I believe on it and at the same time, I support gaming coins at that time. Now 2021 and I'm still holding my ENJ and I got a huge profit from it already. Now I'm just finding an exit price and I'm happy with it.
If you bought a coin and you planned it to hold, just hold it. Markets are moving in cycles so if the coin goes down, just hold it unless you want to cut losses and planned to buy it at the bear market then its a different situation.
I remember the time when I bought ENJ last 2019 and held it since I believe on it and at the same time, I support gaming coins at that time. Now 2021 and I'm still holding my ENJ and I got a huge profit from it already. Now I'm just finding an exit price and I'm happy with it.
If you bought a coin and you planned it to hold, just hold it. Markets are moving in cycles so if the coin goes down, just hold it unless you want to cut losses and planned to buy it at the bear market then its a different situation.
If it was a long term investment I wouldn't stop losing but wait until the price I wanted or the time I set in my plan.
For example, I buy a coin for $ 10 and plan to sell it when it increases to $ 20 or to sell it in 2022.
I always follow the plans set out and it delivers quite good results.
For example, I buy a coin for $ 10 and plan to sell it when it increases to $ 20 or to sell it in 2022.
I always follow the plans set out and it delivers quite good results.
It depends on the coin I hold, if it is a good project and the professional development team then it is not worth the devaluation is not a concern.
If the coin I hold turns out to be a bad coin and the development team shows signs of fraud then it's best to wedge to sell immediately and walk away from it.
If the coin I hold turns out to be a bad coin and the development team shows signs of fraud then it's best to wedge to sell immediately and walk away from it.
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?
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?
no, I won't do that. because I'm not going to invest for the long term on a project that has a very high dump potential. I don't need cutlose, because when I think the coin isn't profitable I'll sell it right away. cutlose I use it for coins like bitcoin, ethereum and other big ones. the goal is to sell and buy cheaper
Nope for me personally, i rather buy several types of coins and have a really long time investment on there because i'm not gonna looking at the market for a long time. So i will just left those coins behind and comeback after 6 months or a year. It's okay if the coins price go zero if the coin is dead, i already calculated the risk before i bought the coins
If determining long-term crypto investments, buy more when they drop in price. That's the way to be in good standing. Stop losses cannot solve any problems, they are simply losses.
I encourage people to buy crypto on a daily or monthly basis to accumulate it steadily over time. Many people have adopted this approach to Bitcoin and they won't be buying (buying appeared months ago, of course).
I encourage people to buy crypto on a daily or monthly basis to accumulate it steadily over time. Many people have adopted this approach to Bitcoin and they won't be buying (buying appeared months ago, of course).
I do not use stop loss and it is difficult to implement on decentralized exchanges.
If I buy any token for short-term speculation, then I monitor the market and make a decision depending on the price of the coin.
I rebalance my investment portfolios, transferring a small part of the coins to stablecoins.
it would be better than having to apply stop loss or cut loss. because with this pattern besides we can analyze the market, we can also monitor the price pattern at any time. so we are still faced with the monitor to monitor prices in order to get the best price If I buy any token for short-term speculation, then I monitor the market and make a decision depending on the price of the coin.
I rebalance my investment portfolios, transferring a small part of the coins to stablecoins.
If we are talking about at least 1 year investment then stop loss is pointless. However, in my opinion, for shorter terms stop loss is really important
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