Topic: Do you set stop loss for long term gem? - page 3. (Read 485 times)
Depend on the market that I trade. If I trade in the future trading then I'll always use stop loss feature in any strategy (long term or short term) but when I trade in the stop market I rarely use stop loss feature. Actually it depends on my prediction, if the altcoin has a good future then I'll choose long term investment but when I predicting that the altcoin just be used as pump and dump scheme then I'll choose for short term investment and using a stop loss feature.
My strategy is not to use stop-loss orders but spend my capital in 3 parts. I will buy at the current price when I discover the gem, if I lower the price I will continue to buy a part. The rest I will wait for when the price falls lower or shows signs of bullishness. That is how I neutralize my positions and reduce the risk of my long-term crypto holdings.
I only invest in each crypto that I consider gems from $ 100 to $ 300. And I have many gems to buy.
I only invest in each crypto that I consider gems from $ 100 to $ 300. And I have many gems to buy.
well, personally, I would have kept it if I didn't need money. This happened when I was holding ethereum from 2018 to 2020. At that time I was holding Ethereum at a pretty high price, and I kept holding and collecting it until the end of 2020 when I needed money. I sold almost all of the assets I had accumulated. however, depending on the circumstances. I believe in the potential of the coins that I hold.
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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?
Are you considering having a stop loss for every altcoin you bought for long term?
In my opinion, if you can set stop loss for long term investment then you're doing it all wrong. For a stop lost features to be implemented that means that coin is on an exchange which is wrong.
The only fund that should be held on the exchange is funds to be used for trading and it shouldn't be above your emotional capabilities of handling incase there's a negative results from the trades.
Long term investment coins should be stored on private/personal wallet that you own the private key. These day we have wallet that are capable of holding multiple coins not minding the blockchain they operate on and they're non custodial.
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?
Sometimes if the situation was very dangerous, I will do both. but near to cut loss to avoid a big loss. this would happen if the altcoin I bought still on exchange. when I transferred at all on my private wallet, this wouldn't happen until my target profit reached, Are you considering having a stop loss for every altcoin you bought for long term?
I don't use stop-loss, especially for long-term investment. I think it is not necessary because I always monitor my crypto-asset regularly. If I found something that needs to change, I directly do it. It is different if I invest in the short-term, stop-loss may be needed to apply for the short-term. The price can change very fast, it can prevent a huge loss.
Yes, even if I’m holding Bitcoin for long term I should have my cut loss level because I have to become more responsible and I know even if its a good coin, there are times that it will go below your buying price so in order to protect your capital, always set your cut loss price.
The persons that use stop losses most times are daily traders who can only afford a little loss at a time so as to have the needed liquidity to continue trading. Persons who are holding a coin for long term don't really need a stop loss. This is because the expectation is to sell when the value increases substantially and this would come despite the market fluctuations.
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?
Although we can't avoid such a dumping scenario but then if you are considering a long-term investment, a stop-loss strategy is not suitable here, why not wait for the price to recover? That will be the best option than selling it because it just like we are in panic selling. I don't think of someone use that, I was thinking it was only applicable to trading. 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?
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 will definitely turn off "Stop loss" features. This option is the best feature for a bear market. Every time altcoins price is dumped, which dump is greater than the older pump. We know it, so either long term investment or short term trade. Only "DIA" is the project where price is unpredictable dump, but "DIA" is a top project where you don't need to apply to "stop lose". 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?
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?
Ever since I came up here in crypto world I never use stop loss method, the thing I remembered this stop loss was when I was in the gambling site I used stop loss but not in doing in the actual trade of cryptocurrency. Because, for me I never seen any problems with my doing with my trading in cryptocurrency. Although, I am not saying its not helpful, because for me it is still best to do trade in a natural way in online.
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?
Most likely, I don't put. Majority of the time, I mean. It's a position that I want to keep for a long time so there won't be any stop loss in case it down and when it eventually goes down, I will just buy more and lower price and keep doing so until I can't do it again.
Upon reading all the posts above. It seems like you guys are very positive for your long-term gems like you don't consider any downsides or negatives, or anything that will happen in the future. Well, it's all your choice, which is good also since you are believing with yourself, self instincts and own researchs.
It's called a long term gem/altcoin for a reason. That includes holding it for an extensive amount of time regardless of the direction that the market heads to. If it goes down, you just continue to still buy more and hodl for the long term.
It is based on the coin and also the strategy of each coin itself. So far, I decided to diversify the coins
For long-term coins, it is no need to set the stop loss because I will also take it for only minimal buying of the coins itself and waiting for price target is achieved, but it may need a longer time when usual.
However, it may be different for a short-term investment or trading, I commonly set a stop loss in order to avoid the big loss and also use that money again to search for the other tokens or coins to bring back the loss.
For long-term coins, it is no need to set the stop loss because I will also take it for only minimal buying of the coins itself and waiting for price target is achieved, but it may need a longer time when usual.
However, it may be different for a short-term investment or trading, I commonly set a stop loss in order to avoid the big loss and also use that money again to search for the other tokens or coins to bring back the loss.
Upon reading all the posts above. It seems like you guys are very positive for your long-term gems like you don't consider any downsides or negatives, or anything that will happen in the future. Well, it's all your choice, which is good also since you are believing with yourself, self instincts and own researchs.
I play long with Bitcoin and ETH but I don’t set any stop loss for them because I know their value, I just have a target price and if the market goes down again, I don’t need to sell I just need to increase my holdings. I just set-up stop loss on trading but since I’m holding these two great coins, I don’t see any reason to set-up the cut loss level, well this is my personal strategy for long term holding.
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?
if I invest for the long term and not for trading, then of course I will never do a stop loss, because I will definitely look for altcoin that have a great potential for the price can increase very high in the future and of course altcoin that are safe for investment for the long term (altcoin that are in the top 100 on coinmarketcap), so I will never be afraid when the price is go down and set a stop loss, because I believe the price will definitely increase very high in the future and give me a big profit.
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 long term investment personally i never put stop loss in my position. we are as early investors which is program recently started and alot things developted by team. when we enter in this phase there are alot volatility and pressure from community to developer, some of them will trying make fud and some of them panick. if we pick good projects maybe in few months we will get 3x return atleast. for example i am buying hathor at 0,21 and current price now 1,49 and i am still hold it becase many fundamental news will release this quarter. 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?
If it is a shit coin then i might consider having a stop loss just to get rid of them when the market is pumping other than that i will never use the stop loss feature as the market moves drastically in certain period of time and even if there is a system crash in the exchange you liquidate all your assets and hence i never tried that feature in recent memory. 
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?
I have several assets that I prioritize for my long-term investment and I will usually choose altcoins that are very cheap and even below $1 such as BTT and TRX and I will not use cut loss because the money I use to buy altcoins is the money that I have received from the bounty so I am not too worried if the altcoin price drops, after all BTT and TRON are two altcoins that have strong fundamentals and also a large community so that when the price correction occurs, the price will usually go up again. 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?
From my point of view, if I want to keep the investment for the long term, I would not put any stop loss. Rather I may consider the downfall as an opportunity to invest more and accumulate. However, it will be good if we put some stop profit and not becoming greedy, may stop the investment hitting stop losses if we put any.
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