Since they are long term gems, I do not think there is any need to set stop loss for them reason being that, you are not really sure of the price you will want to sell, that is, let's say you didn't set stop loss and have a price in mind, and the coin reaches that price and you later realized that there are more room for growth, you will be forced to adjust to another time frame. Taking BNB as example explains this a lot, assuming you set a stop loss for it and it triggers while BNB pumps to such height you will not really find it funny.
Hence my own opinion is, if you have a long term gems you believe in, there is no need setting stop loss, just have a price in mind and stick with it, when it gets to the price you can decide to either sell or shift it again depending on how the development of the platform is and how serious the team are.
Moreover, long term bags are always kept in private wallets to be sure of your security other than exchanges, and being in private wallet there is or will be no need for stop loss, hence being in agreement with what I suggested earlier.
Topic: Do you set stop loss for long term gem? - page 4. (Read 485 times)
i've just tried it once to use stop loss just to have a knowledge on it and its good for short term way. For a long term it is not advisable to use because you will be the one to decide when would be best time to sell your precious gem.
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?
It is very hard to set a stop loss for a long term altcoin because you are unsure yet the heights the token will reach or if it will fail; the best thing to do in a situation like this is to set up a blockfolio app alert system for the coin, to alert you when the token reaches x price; and also to alert you for every price updates (either positive or negative growth) every 15 minutes
Regarding profit taking; we should remember that profit is profit, be it 1% or 1000%, take profit when you are comfortable in profit.
Tbh, I always forget the gem altcoins for the long term. Either it will give a big ROI or the price will touch zero in the long term. Since I never invest more than I can afford to lose, I prefer to wait long term and never use stop loss. The nature of investing requires to risk some to gain bigger percentages on investments, IMHO.
So far I have not used a stop loss. Because if I want to buy for the long term I set a time to sell it, because I never keep my assets on the exchange. Too risky i think. There are a few altcoins I've kept since 2018. and I don't want to close them until the end of the year, maybe.
That is the same logic why I don't like to use stop loss, the long-term investments should have hit target not stop loss. The stop loss means, we are to take a loss but entering the market during bear market will not make us happy to use it. Until the end of a bear market, we are supposed to wait for the main target before it hits stop loss. 
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.
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.
So far I have not used a stop loss. Because if I want to buy for the long term I set a time to sell it, because I never keep my assets on the exchange. Too risky i think. There are a few altcoins I've kept since 2018. and I don't want to close them until the end of the year, maybe.
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?
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