HOW IMPORTANT IS STOP LOSS - page 5.

LUCKMCFLY

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Quote from: Eureka_07 on June 14, 2021, 01:37:36 PM

If a trader wanted to limit his losses to a trade or position, stop loss is very important. The trader should just have to accept its cons such as it is still possible for the market to go up after you stop loss, this on the other hand, makes you not lose all of your funds.

I agree, in fact, in these moments that have been very full of total uncertainty, the loss of stop is the best lifeguard that can be used, in fact, it is the safest way to do trade, because in case of market is in our favor, what should be done is to move the stop loss to follow the management of the profits, otherwise, if it reaches the loss of stop, what should be done is to assume the loss, the loss of the stop It is essential in these times and operations with the use of stop loss, it is the most intelligent to enter the market, I believe that when there is uncertainty in the market is ideal for the mandatory use of stop loss.

Freeveto

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I will say that trading with stop loss is good to an extent and not often good because I have tried both of them.
Good when your analysis are wrong, it will save you from blowing your entire account. While not often good in some cases where it stops you out and still continue in same direction.

taufik123

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The use of a stop loss will provide security for the capital used, because the stop loss must have been set what percentage of the loss must be cut to stop even greater losses when the market is suddenly bearish. I usually determine in advance what percentage of profit to get and risk management by using stop losses to stop losses.
It is important or not to use a stop loss depending on the individual trader or depending on the strategy being used. but for me it is very important.

sr32703

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Always try to use stop loss for avoiding big losses because no can't know how market treats so for minimizing your big losses must be used stop loss.

Mahanton

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i am be one of traders that take benefit by using stop loss. i am just worry if suddenly there is spike candle based on traders experience in the past.
using money management diciplinely really make us profesional trader. no matter how many transaction hit stop loss, but as long as risk and reward ration setted well, we could stand longer in market.

Stop losses could neither be useful or not into someones been trading because even though this is important but there are type of traders which do see this indicator to be non relevant at all because they are going for swing trades and when they get negative then they do simply just wit up for recovery
because you wouldnt lose anything if the stop loss wont be triggered or you havent put one at all and this is why some would be saying that this one is
quite irrelevant.
but overall specially if you do make out some scalping then stop loss is really very important and also if you are a trader who do goaway from your pc and wont check out from time to time then these tools are useful.

perfect999

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Quote from: Desmong on June 16, 2021, 01:02:23 PM

Sometimes when I take a trade without stop lose, I'm always skeptical about the outcome of the trade because their is high tendency of the trade not correlating with my analysis due to fear of high loses. But I'm always surprised when the trade falls to my direction of trend but in all, stop loses is very good initiative and it's a way of maintaining risk management in trading.

Even after getting well aware of usage of stoploss, I believe it is completely a blunder mistake if you're still going for your trading without stoploss. I mean you may go trading without stoploss orders until you are not aware of the need of stoploss but once you come to know its usage then you should make use of it all the times. It means you should not underestimate the benefits of going for stoploss orders for our trades.

As per some of the people of this forum who are all experts in crypto trading, stoploss order is not only for cutting your losses earlier but it is also for the purpose of saving your time so that you will get chances to recover your losses as early as possible in upcoming trades.

Desmong

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Stop lose is a very important aspect in trading used to avoid unnecessary loses. It is a way of preventing loses that are inevitable and unconsciously known to a trader. This has really helped me a lot, by preventing further loses in trading. It also has it advantage and disadvantage.

Sometimes when I take a trade without stop lose, I'm always skeptical about the outcome of the trade because their is high tendency of the trade not correlating with my analysis due to fear of high loses. But I'm always surprised when the trade falls to my direction of trend but in all, stop loses is very good initiative and it's a way of maintaining risk management in trading.

feelideb

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Stop loss have saved me from sudden dip in price of bitcoin, it has also prevented me from taking advantage of sudden increase in price as well! Stop loss is life-saving tool in volatile cryptocurremcy market! Stop loss has it's disadvantages as well but it's advantage outweigh it's disadvantage!! Most centralized cryptocurrency exchange provide stop loss tool but now, we are seeing decentralized exchange provideing stop loss on their AMM swap! Now you have the option of using stop loss in a decentralized exchange and that take away the risk of your money been trapped in a centralized exchange!

andriarto

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Quote from: Eureka_07 on June 14, 2021, 01:37:36 PM

If a trader wanted to limit his losses to a trade or position, stop loss is very important. The trader should just have to accept its cons such as it is still possible for the market to go up after you stop loss, this on the other hand, makes you not lose all of your funds.

indeed we often experience after a stop loss is hit and the price goes up again. but I think we have to be disciplined about the framework that we have created before. And one more thing, don't be stingy about placing your stop loss, you have to place it in a loose position, so that there is room for the market to move

Eureka_07

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If a trader wanted to limit his losses to a trade or position, stop loss is very important. The trader should just have to accept its cons such as it is still possible for the market to go up after you stop loss, this on the other hand, makes you not lose all of your funds.

angrynerd88

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I believe its a great tool helps you to minimize the loss if your trade going opposite to your strategy. Utilizing the SL include to diminish misfortunes must moreover pay consideration to the rules of back and resistance. But everybody is diverse, a few are based on introduction, a few are based on cost. Possibly usually broadly utilized by Long term trading , to maintain a strategic distance from market fluctuation.Most of professional traders must suggest to use SL in long term trading but should use every one little kind of negligence can result huge losses.

sujonali1819

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How much important the STOP LOSS feature is depend on the individual trader. If anybody can proper use of stop loss then it's very important for him. For example Some buy a coin with a prize after waiting for 1-2 even more days waiting to fill the order. This time the stop loss feature should be active because there is very lower chance to go down the coin since he brought it after waiting for some days to fill the order.

And some user like me who has not any patient to do wait for buy a coin in cheap prize. In this case if I set stop loss 5% then it's really can go more that 5% down in short period when I buy it with panic and I could lose 5% instead of getting profit. Grin

So in one world it actually depend on the trader how much properly they use it.

S4VV4S

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Quote from: doctor877 on April 25, 2021, 02:47:59 AM

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.

Just leave him with his trading style , because not everyone will experience a loss with a stop loss . He just needs time to learn by his own experience. The most important thing is that our duty as a friend has been done to just remind us. The rest let him determine his own style. And I'm sure he will understand and start to learn from all his experiences

boyptc

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Everyone who wants to earn at trading need to use stop loss since market is so volitale. It's simple like that.

It's also effective to help newbies.

They can avoid further loss and emotional breakup if they're going to use it. The market's volatility cannot be controlled and by having this set, they have an idea that once their stop loss has been met, they can formulate another strategy how they will going to react with such.

sedahan13

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Many trader including me ignored to use stop loss, that why nowaday I loss more than 50%. I just thinking in bull market, stop loss is no need and dont have any benefits to us because the stop loss can be triggered then the price keep going up. Decision to not use stop loss is very big mistake, because in crypto, the market can be dump just afew hours and then we can not handle it because while that happen we are doing others activity.

Inspiron14

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Quote from: BlackFor3st on June 10, 2021, 07:52:41 AM

Some of the people I know that was trading does not aware of the stop loss and its importance, the stop loss is one of the most important feature in market since with this you would be able to enter and exit market or avoid crash automatically or without looking at the market most of the traders use this to avoid the instant crash of the market.

There are some other good features on some exchange not just stop loss but both stop limit and stop loss. With this you would take profit or stop loss automatically.

For me personally, what is very important is the stop loss feature, I know the stop limit is very helpful,
but the use of the stop limit is not required during a bullish market, and indeed stop losses must be installed when trading starts,
or when open positions on an exchange, yes if not then you may lose a lot of money

DarkDays

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Quote from: BlackFor3st on June 10, 2021, 07:52:41 AM

Some of the people I know that was trading does not aware of the stop loss and its importance, the stop loss is one of the most important feature in market since with this you would be able to enter and exit market or avoid crash automatically or without looking at the market most of the traders use this to avoid the instant crash of the market.

Despite the importance of a stop loss, I find it ridiculous how some exchanges like Gate for instance does not have that feature.

Yes, stop losses are of great importance in crypto because the markets are so volatile. It is usually used to prevent major losses and at times to help capture the momentary price spikes.

BuNga_cute

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Quote from: Mkmanik on June 10, 2021, 12:59:24 AM

If you are a trader, You need to use a stop loss. It's to CUT the loss. If your trade goes wrong, you will be fine if you are using a stop loss. If you did not set up stop loss and trade goes wrong your trade entire position will be liquidated(at leverage) or at the spot, you will be at a huge loss. We know, at crypto we can get 50% or pump dump at a single day. So stop loss is a way to cut the loss. If you want to know more about stop loss you can read this thread: https://twitter.com/EmperorBTC/status/1402300131127398406?s=20

It is very important to use the stop-loss feature when trading crypto, very volatile crypto prices can fall very deep and make our capital run out
if we don't use the stop-loss feature. Most people when trading crypto will definitely make mistakes and that will make us lose. Actually we
experience losses in crypto trading is a natural thing and must happen to all traders, but not everyone experiences the same percentage of losses.
If we don't use a stop-loss, it is very possible that the losses we experience are very large, because we do not always monitor the market 24 hours.
It means we don't know how much loss we will experience. But the stop-loss feature helps us set the percentage of losses that we are ready to accept.

BlackFor3st

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Some of the people I know that was trading does not aware of the stop loss and its importance, the stop loss is one of the most important feature in market since with this you would be able to enter and exit market or avoid crash automatically or without looking at the market most of the traders use this to avoid the instant crash of the market.

There are some other good features on some exchange not just stop loss but both stop limit and stop loss. With this you would take profit or stop loss automatically.

william_mathews

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STOP LOSS is the most important factor that traders need to follow to minimize losses.

Crypto traders use a stop-loss order to sell an asset when the price reaches a specific point. These orders are designed to limit the loss of a trading position if the market goes south or the predictions fail.

Many traders use it only with long positions, but professionals have started to use them to protect short positions too.

The primary benefit of using stop-loss is that you don't need to monitor the market constantly. If the crypto’s price hits the stop-loss percentage, your trade order is executed automatically.

It’s a common yet essential tool that takes emotions out of the play. By setting effective stop-loss percentages, traders protect their funds from critical situations.

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