Topic: HOW IMPORTANT IS STOP LOSS (Read 2087 times)
Stop loss is a very important factor when it comes to trading. When you trading, always remember to give stop loss. But especially when I keep trading with stop loss all the time.What I mean by stop loss is that when the market price reaches that point, it becomes an automatic sale.This stop loss protects us from loss. So those who trade must not forget to give stop loss.
Stop loss is so much important in trading. If you set stop loss, you can overcome your loss in trading. It is important for increasing the chance to gain profits in trading. Without setting a stop loss, you can lose money. It is the big mistake of the users in trading to not set a stop loss. The main cause of fail in trading is that users don't think it serious to set stop losses.
As the proverb goes ‘a penny saved is a penny earned’ traders concentrate so much on the potential profits they can get that they do not put enough attention to their own capital, and this is kind of weird as the profits they could get are not even real right now but the money in the exchange they are using is very real and as such an effort should be made to protect it no matter what, but people get blinded by the profits they can get and as such they lose sight of the thing they should care the most about which is their own capital.
especially for novice traders where their orientation is to get a lot of profit and fast. This mindset can hinder our trading success. especially if their analysis is wrong, they seem reluctant to cut losses, even because they don't dare to see the market they let it go and do other activities, and in the end they lose even more. therefore it is very necessary stop loss 
Stop Loss is very important for you if you start futures trading. For example, if you buy a coin, you have to keep it with stop loss.Your order will be canceled and some of your profits will remain. Stop loss is a way to avoid loss.If you keep with stop loss, your liquidation will not be zero. If you have something, the profit will remain.
Stop loss is most important for saving our fund for big loss Stop loss also used when we invest in any token so we don't know market goes up or down then stop loss working and specialy for newbies user which don't have any knowledge about trading use stop loss for save money .
Oh bor stop loss is everything. When i am trading stop lose is hurting me but without it i am dying anyway. If you are not using stop loss you will lose your funds one day for sure. but i have to say that in bull season it can be really hearthbroken.
It hurts to see yourself stop loss.But it's a better thing that you stop your losses before you lose all that you've got. It's a common strategy that every traders know and if you don't know how to do it.
or you're not a fan of it, you better teach yourself or experience how it is to stop loss.
And that's losing and if they're not good at it, they should stop loss to practice how it goes and avoid bigger loss. They really don't appreciate such feature if they're not really on it.
Stoploss is applicable only with margin, future trading. For Spot you cannot apply stoploss once you bought a coin.
Got in a discussion with a friend that recently started learning Technical Analysis and then he said he trades without using stop Loss. I told him no good trader trades without stop Loss. I tried to explain to him about the volatility and how trades can go against you especially as a new newbie and you can lose heavily. He seems adamant and I decided to leave him maybe he will learn from his own mistake if it happens. It seems there are also many traders that trade without stop Loss and I wonder how they do it conveniently.
Please share your views on how important stop Loss is and how convenient it can be to trade without stop Loss.
Please share your views on how important stop Loss is and how convenient it can be to trade without stop Loss.
Oh bor stop loss is everything. When i am trading stop lose is hurting me but without it i am dying anyway. If you are not using stop loss you will lose your funds one day for sure. but i have to say that in bull season it can be really hearthbroken.
It hurts to see yourself stop loss.But it's a better thing that you stop your losses before you lose all that you've got. It's a common strategy that every traders know and if you don't know how to do it.
or you're not a fan of it, you better teach yourself or experience how it is to stop loss.
And that's losing and if they're not good at it, they should stop loss to practice how it goes and avoid bigger loss. They really don't appreciate such feature if they're not really on it.
In my opinion, the stoploss is not much important if you are investing a little amount like 10$, 20$ .or if you are long term trader and spot trader. But if we are investing a huge amount like 100$,200$ and if you are future trader and margin trading then the use of stoploss is more important as we cannot predict the nature of market, as the crypto market is very volatile and the only thing to not use stoploss is your rresearchc on the particular crypto tokens.
Indeed. Stop loss is very important in trading. I never trade without stop loss. It's like an armour in a battlefield. Even an expert who have lot of experience in trading will surely need this kind of strategy. I think that Stop Loss is also helping in some other way, and I don't see any wrong if ever someone use it when they do trade in the actual platform anyway. Stop Loss help us control losses unlike using it we might get feel bad and regret if we don't set it up our loss methods. I remembered not using stop loss and liquidated my whole funds because of it. While traders using stop loss are very very common(understandably so), some people simply doesn't like using it simply because it doesn't apply to their sort of 'style'. Always remember that trading strategies are going to vary from person to person.
Style of trading you said? No kind of styles in trading that wouldn't work with stop loss, many people are really not seeing the importance of stop loss till something bad happens, am talking from experience am a victim of same circumstances, I believed am good at what am doing, managed my risk well and got enough equity to withhold any dip so no need for stop-loss, but a day came where the market crashed and everything tradeable was badly bleeding and I got rekt, I learned my lesson the hard way. You'll be able to maximize this tools having that kind of experienced, the importance of knowing how things
works and how to set it up correctly, the market is really volatile when it comes to crypto it's really hard to
predict but if you have that fundamentals and you are willing to work with your own design of system,
using this tool will help you in a better ways.
In my opinion, the stoploss is not much important if you are investing a little amount like 10$, 20$ .or if you are long term trader and spot trader. But if we are investing a huge amount like 100$,200$ and if you are future trader and margin trading then the use of stoploss is more important as we cannot predict the nature of market, as the crypto market is very volatile and the only thing to not use stoploss is your rresearchc on the particular crypto tokens.
I would say: If you are investing (like loooong Term) there is no Stop Loss needed, but you should still observe what happens, once a week or so.
If you are trading, depending on your broker, your account might go into the negative and therefore you absolutely need and SL, imho. Especially with BtcUsd where it can happen in seconds, if you have bad luck...
Stop-loss is a very important trading tool that helped traders to safeguard against losing further! Stop loss is very useful and it is a double edged sword as it could take you out of position when the loss perhaps was meant to temporary before positive price action upward! Stop loss should be used sparingly if you know what you are doing!
While traders using stop loss are very very common(understandably so), some people simply doesn't like using it simply because it doesn't apply to their sort of 'style'. Always remember that trading strategies are going to vary from person to person.
Style of trading you said? No kind of styles in trading that wouldn't work with stop loss, many people are really not seeing the importance of stop loss till something bad happens, am talking from experience am a victim of same circumstances, I believed am good at what am doing, managed my risk well and got enough equity to withhold any dip so no need for stop-loss, but a day came where the market crashed and everything tradeable was badly bleeding and I got rekt, I learned my lesson the hard way.
This is trader, about which we don't know that how much a coin will rise and how much it will be going down, what can we do? we can only predict, so, newbies don't have that much knowledge and didn't know about trading strategies. So, stop loss is necessary for them because anytime market will go down. So, it will prevent them from more loss.
There is ONE way, to trade without an SL... you can use hedge positions, instead of an SL. BUT this requires a shitload of practice in btcusd and really is nothing for new trades. It works great, if you know what you are doing, I love to do so in the indices.
Stop Loss is a crucial a part of trading it's impossible to trade without stop loss when the quantity of loss increases while traders reduce the quantity of loss through stop loss professional traders make more stop losses. they need an honest idea about the market they reduce risk through stop loss when prices tend to be downward must learn the techniques of stop loss also as must practice the market.
I think Stoploss is one of the best tool to safe from big loss. Sometimes market crash very hard due to bad news like china News which crashed whole market in an hour. Those who added stoploss has saved theirs money. Regret i not used stop loss that time and loss 1000$ +.
Now i use stoploss for every trade.
Now i use stoploss for every trade.
Stop loss is very important in trading as most of the traders use stop loss because they wanted to prevent theirselves from loss and getting more benefit as well. So, for newbie it is also important and they have to use it for their trading. It is easy to use and prevents everyone from getting into more loss.
In general, Yes it is commonly use to prevent loss but it's specific role was an escape plan once the TA of a trader went go wrong. Usually they setup stop loss near notable prices like support,resistance, fibo level and ema/ma line. Understanding it's specific use is better than having a general knowledge on it.
You are saying right that stop loss is a part of trading. Professional traders must places stop loss when they take a trade. Because stop loss triggered when you feel you can book that loss. In future trading, stop loss is a necessary part of trading. If our trade goes wrong from our direction then it can liquidate our account. So, please be careful
Stop loss is very important in trading as most of the traders use stop loss because they wanted to prevent theirselves from loss and getting more benefit as well. So, for newbie it is also important and they have to use it for their trading. It is easy to use and prevents everyone from getting into more loss.
In general, Yes it is commonly use to prevent loss but it's specific role was an escape plan once the TA of a trader went go wrong. Usually they setup stop loss near notable prices like support,resistance, fibo level and ema/ma line. Understanding it's specific use is better than having a general knowledge on it.
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