Topic: HOW IMPORTANT IS STOP LOSS - page 6. (Read 2067 times)
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
if you ask about the importance of stop loss, of course it is very important, because stop loss has a purpose so that we don't lose 100%,
I have traded and lost almost 1000, because I put a stop loss, I lost only 500, yes even though it was a loss,
but my loss is not 100%, use stop loss if you trade anywhere the exchange
Well, if there is a way to avoid losing our money in trading, I definitely not use this strategy because even though we say it helps to avoid a huge loss but still to consider a loss of our ends which I think was not a good idea. But unfortunately, we can never find any and this give no choice for the traders especially when they put their trades already and have no time to monitor it. I have traded and lost almost 1000, because I put a stop loss, I lost only 500, yes even though it was a loss,
but my loss is not 100%, use stop loss if you trade anywhere the exchange
Actually it helps especially if you are losing to much and want to find a best position again to regain your losses byt if you have enough money to buy again at cheap rate then doing this is actually not necessary since your right you will end up losing if you do so while if you have spare you can just buy another and let those bought at the peak bag hold for a while from this you can possibly avoid losing without touching the one you bought first.
if you ask about the importance of stop loss, of course it is very important, because stop loss has a purpose so that we don't lose 100%,
I have traded and lost almost 1000, because I put a stop loss, I lost only 500, yes even though it was a loss,
but my loss is not 100%, use stop loss if you trade anywhere the exchange
Well, if there is a way to avoid losing our money in trading, I definitely not use this strategy because even though we say it helps to avoid a huge loss but still to consider a loss of our ends which I think was not a good idea. But unfortunately, we can never find any and this give no choice for the traders especially when they put their trades already and have no time to monitor it. I have traded and lost almost 1000, because I put a stop loss, I lost only 500, yes even though it was a loss,
but my loss is not 100%, use stop loss if you trade anywhere the exchange
if you ask about the importance of stop loss, of course it is very important, because stop loss has a purpose so that we don't lose 100%,
I have traded and lost almost 1000, because I put a stop loss, I lost only 500, yes even though it was a loss,
but my loss is not 100%, use stop loss if you trade anywhere the exchange
I have traded and lost almost 1000, because I put a stop loss, I lost only 500, yes even though it was a loss,
but my loss is not 100%, use stop loss if you trade anywhere the exchange
If I trade without leverage(long-term), I will trade without stop loss because it can hit my SL and then go to TP after a short time.
Stop loss very important for daily trader so they can manage their risk and did not lose all tgeir money in one trade. They also usualy did not hold or doing swing trade. Time is very important for daily trader thats why they use stop lost if there are mistake in their prediction.
Or if there's a sudden market swing and dump that they didn't expect. That's why stop loss is a feature that helps everyone to avoid huge losses which have been happening for so many traders. They're forgetting to use this feature so that when their trade goes wrong, they would only have around 1%-5% of losses. And that's the percentage that most of the traders do and sometimes there's also a stop loss of 10%, depending on how much the trader sets it.It's better to have that stoppage plan at the beginning and lose a small amount rather than waiting for that recovery which they don't know how long it will take. Day traders choose to lose a small amount for stop loss and will just go onto another trade for the recovery and profit.
The market is too manipulative. Most coin prices, including Bitcoin, are driven by a horde of bots. Ask traders how often their stop losses are knocked out and the price immediately goes up, then the stop loss is knocked out at the top and the price goes down, and so on endlessly. To work with stop loss, you first need to understand how sharks work in the market.
It's not like it's that difficult to understand how sharks work but you can always read indicators and you can learn how to do a good trading as time goes by and you continue trading. I think even if the market is manipulative, stop loss still has it's place on the market, it's your defense against big bleedings when the market is red. 
-Most investors can benefit from implementing a stop-loss order.
-A stop-loss is designed to limit an investor's loss on a security position that makes an unfavorable move.
-One key advantage of using a stop-loss order is you don't need to monitor your holdings daily.
-A disadvantage is that a short-term price fluctuation could activate the stop and trigger an unnecessary sale.
Source
You should know on how to use stop loss because it would eventually depending on what kind of trading you've been dealing with.
-A stop-loss is designed to limit an investor's loss on a security position that makes an unfavorable move.
-One key advantage of using a stop-loss order is you don't need to monitor your holdings daily.
-A disadvantage is that a short-term price fluctuation could activate the stop and trigger an unnecessary sale.
Source
You should know on how to use stop loss because it would eventually depending on what kind of trading you've been dealing with.
I am not a future trader, just a spot trader. So far, I have no problem in trading although I never used stop loss. In my opinion, stop loss is a must in future trading but it is optional for spot trading. However, it can be different for another one, I don't say it can be applied generally. I only think as a spot trader, I can trade well even not using the stop loss feature. While for other traders, stop loss may be a must because they have no much time to monitor crypto market. So, they need stop loss to avoid a possible huge loss.
Stop loss very important for daily trader so they can manage their risk and did not lose all tgeir money in one trade. They also usualy did not hold or doing swing trade. Time is very important for daily trader thats why they use stop lost if there are mistake in their prediction.
Or if there's a sudden market swing and dump that they didn't expect. That's why stop loss is a feature that helps everyone to avoid huge losses which have been happening for so many traders. They're forgetting to use this feature so that when their trade goes wrong, they would only have around 1%-5% of losses. And that's the percentage that most of the traders do and sometimes there's also a stop loss of 10%, depending on how much the trader sets it.Stop loss very important for daily trader so they can manage their risk and did not lose all tgeir money in one trade. They also usualy did not hold or doing swing trade. Time is very important for daily trader thats why they use stop lost if there are mistake in their prediction.
Or if there's a sudden market swing and dump that they didn't expect. That's why stop loss is a feature that helps everyone to avoid huge losses which have been happening for so many traders. They're forgetting to use this feature so that when their trade goes wrong, they would only have around 1%-5% of losses. And that's the percentage that most of the traders do and sometimes there's also a stop loss of 10%, depending on how much the trader sets it. 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.
Stop loss very important for daily trader so they can manage their risk and did not lose all tgeir money in one trade. They also usualy did not hold or doing swing trade. Time is very important for daily trader thats why they use stop lost if there are mistake in their prediction.
The market is too manipulative. Most coin prices, including Bitcoin, are driven by a horde of bots. Ask traders how often their stop losses are knocked out and the price immediately goes up, then the stop loss is knocked out at the top and the price goes down, and so on endlessly. To work with stop loss, you first need to understand how sharks work in the market.
Stop loss is important for trader to minimize the loss, but the problem is many trader doing trading activity on DEX that dont have feature of stop loss like in Uniswap and Pancake, so will be difficult to handle the high fluctuacion of the price. So to minimize the risk when i trade on those DEX, firstly i make analysis of the project by learn the fundamental of the project and do long term trading, like hold for 1-4 month. For daily trading, i did it on CEX like on Binance and Huobi that provide feature of stop limit and OCO that we can use it for stop loss and trailing stop.
I don't have vast experience with DEX but yes this might be a concern because DEX are already less user-friendly as compared to centralized exchanges and these features might not exist as you said and then on top of all there are some crazy ethereum transaction fees too. Maybe that is why despite knowing all the danger that comes with centralized exchanges, I still prefer Binance. he's an investor, expect him that he's in the long term strategy.
True. As the investor, he or she must put a strategy for the long term. They won't plan to sell their coins in a short time. So, she or she doesn't need a stop-loss feature.
Putting stop loss even if it is for long term is also good if you are able to set it properly. If the market dumps hard like in a bear market, you can buy a coin lower than the price you've bought during this bull season. Prices of cryptocurrencies during those seasons are really low that it is easy for an altcoin to increase 10x when it's bull season again. Stop-loss is very important because it decreases the chance of your portfolio of having massive loss for a long time and enabling us to buy more quantity at a cheaper orice.
or triggered then that would already be considered as a lost which means you would need to compensate but whatever you would do neither having stop loss or doesnt have the important thing
is that you do able to make profits no matter what kind of method you've been using and this should really be prioritized.
Use all sorts of indicators or tools which would really be beneficial on your part.
it is important to know about stop loss when you trade. trading with strategies and techniques you must know before you may trade and avoid sort of losses and be efficient in trading. reading graphs and understanding the flow of alt coin is crucial when that specific coin you are trading is in dumping.
Absolutely and we must not be emotional with any token we have. If the price is dropping then getting rid of it is not a bad idea. I mean, yes you believe in a project and expect the token to do well in the future, but if the market is crashing just sell them and later you can again buy them for a cheaper price.Traders must not be emotional with their decisions because a trader being emotional is nothing more than a passive gambler. When gambler is having good self-control then they can easily follow all the basics of perfect trading which will definitely get them good profits consistently.
It is impossible to monitor 24 hours, the stop-loss feature really helps us to prevent big losses. If we don't use stop-loss, it will be very risky for our coins once they are still on open order but we are already not monitoring the coins. Mostly, the stop-loss feature is very helpful for traders, while for investors the stop-loss feature isn't really needed.
I don't think I disagree but I would say small traders who trade a single or a few coins should not use stop-loss because they can monitor the market and if they feel like the market is going down for a particular reason then it is better to hold and sit tight instead of selling is loss.I remember I held my UNI swap tokens and I got the best price for them for my patience but if I was deterred by the early dump which happened when it got listed at exchanges then I might have not even got 25% value of the coins. If you are a trader who plays with a large number of coins and loses track then I would strongly favor using the stop-loss feature because it can be crazy tracking several coins all the time.
Remember in crypto fluctuations are obvious and very common so don't panic too quickly.
he's an investor, expect him that he's in the long term strategy.
True. As the investor, he or she must put a strategy for the long term. They won't plan to sell their coins in a short time. So, she or she doesn't need a stop-loss feature.
Putting stop loss even if it is for long term is also good if you are able to set it properly. If the market dumps hard like in a bear market, you can buy a coin lower than the price you've bought during this bull season. Prices of cryptocurrencies during those seasons are really low that it is easy for an altcoin to increase 10x when it's bull season again. Stop-loss is very important because it decreases the chance of your portfolio of having massive loss for a long time and enabling us to buy more quantity at a cheaper orice.
it is important to know about stop loss when you trade. trading with strategies and techniques you must know before you may trade and avoid sort of losses and be efficient in trading. reading graphs and understanding the flow of alt coin is crucial when that specific coin you are trading is in dumping.
he's an investor, expect him that he's in the long term strategy.
True. As the investor, he or she must put a strategy for the long term. They won't plan to sell their coins in a short time. So, she or she doesn't need a stop-loss feature.And that portion that has been sold will be put into good use. Investors won't just sell without any reason. But they're selling if there's an important thing to be used for that profit but later on will add up and back what was lost.
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