Is it worth using the Stop Loss when the market is in the bottom? - page 2.

hastag_80

member

Activity: 392

Merit: 11

The New Pharma-Centric Marketplace

Quote from: esdrase on June 16, 2018, 09:45:59 AM

I have used the stop loss to protect my investment, but with this market bleed, I have doubts if it is worth using Stop Loss. What do you think?

I thinks this is insane on making a trading in bleeding market situation,but anyway thats your idea and we respect for that your stop loss idealistic way,otherwise theres some news feed thats theres coming a big bullish in this remaining months of this year,maybe in this idea you this is the time you can gain good profits and those your loosing capital you can regain.

jagaban

copper member

Activity: 322

Merit: 8

Why would you be trading in a bleeding market in the first instance? Stop loss is best used by day traders in a stable market not now that every thing is dipping wildly. It is better to hodl in a bearish market than use stop loss.

esdrase

jr. member

Activity: 93

Merit: 5

I decided to adopt a strategy that mixes a bit with your comments. For projects in which I have greater confidence, I will always buy in the deep and not use the stop loss. For altcoins that I believe to have potential, but I do not have total confidence in the project I will define a strategy for stop loss.

I think this is an interesting strategy. What do you think?

alian17

full member

Activity: 448

Merit: 100

If it's my word. You need to look at specific projects. If this project is indeed very valuable and innovative in the future. Then the project is worth holding. Even if you lose money now, it may bring you a return on investment in the future. If this does not have any technical features. So I suggest to stop the loss in time.

nhattori27

member

Activity: 387

Merit: 11

Cryptocurrency market is very volatile, so using stop-loss is always a good strategy. It will protect your funds from big losses. It depends on you how much risk you want to take, if you want to play safe then you should always use stop loss.

zeze18

sr. member

Activity: 938

Merit: 256

Quote from: esdrase on June 16, 2018, 09:45:59 AM

I have used the stop loss to protect my investment, but with this market bleed, I have doubts if it is worth using Stop Loss. What do you think?

Stop loss is always worth in any market situation because in crypto everything could happen, it could be happen that coins you hold will be delist on the market or even it's scam so the price will drop so much.
So, use stop loss in every market condition.

Sahyadri

sr. member

Activity: 744

Merit: 266

Quote from: esdrase on June 16, 2018, 09:45:59 AM

I have used the stop loss to protect my investment, but with this market bleed, I have doubts if it is worth using Stop Loss. What do you think?

Stop loss are always recommended. People lose more in trades by not investing in a right coin but because not cutting their losses at the right time. Crypto market is so unpredictable that you can't really make out the next market move because of high manipulation. Thus, having stop loss at place won't hurt you. If you think we already testing the bottom, you can go for a higher percentage stop loss.

Meraki

full member

Activity: 448

Merit: 110

Quote from: esdrase on June 16, 2018, 09:45:59 AM

I have used the stop loss to protect my investment, but with this market bleed, I have doubts if it is worth using Stop Loss. What do you think?

The first thing you need to do is to keep calm, dont ever think negative even though the price is bleeding it will still comeback and recover when the times comes. Continue to hold into your coin and dont sell them if you need market. because for sure bull run will emerge.

l10no

full member

Activity: 518

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Although the current market is showing a huge drop in prices, the use of stop loss remains very useful to prevent us from losing more, with that we do not lose much.

anjohyx

member

Activity: 451

Merit: 10

That means you're daily trader? If yes, Must use Stop loss to limit a loss or to protect your profit, but i don't use it because I'm prefer long term holding my assets, don't care market dip or not, just wait for bull market and gain profit

webtricks

legendary

Activity: 1918

Merit: 1728

Quote from: esdrase on June 16, 2018, 09:45:59 AM

I have used the stop loss to protect my investment, but with this market bleed, I have doubts if it is worth using Stop Loss. What do you think?

Use of Stop Loss depends more on your Investment Strategy rather than market conditions. If you are cautious trader then use of Stop Loss is always recommended no matter market is going up or down because crypto market unlike traditional security market is highly irregular due to non-regulations and small spread. So any coin can pump or dump anytime due to hundred of reasons. However, most of the traders don't use Stop Loss as crypto market is market of risk and patience. So even if your coin falls below your estimation, keep HODLing it and eventually it will go up as crypto market has tendency of upward movement in long run.

fracas

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Multiversum

Quote from: tamango on June 16, 2018, 10:37:54 AM

Personally I don't use and don't like stop loss in crypto market because the volatility is too high and also there is no full trasparency with transactions so market can be manipulated expecially with little coins..

Yeah, must quote this. This market is not predictable and very high-volatile, moreover new highs are often seen after huge drops so you would risk to lose the big gains using stop losses when trend reverses itself. If you invested in many low-valued altcoins you should just consider that some could go to zero or near zero and hoping that with the other choices you will compensate losses on coin failures. It's better to point on dropped but value-oriented projects, supported by both strong development (GitHub) and community (Telegram\Discord and Twitter). Even if you don't buy the bottom I wouldn't put stop losses, because sooner or later a mega-pump could happen, when masses realize the project value and FOMO starts, and this can happen after historic lows.

tamango

full member

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Personally I don't use and don't like stop loss in crypto market because the volatility is too high and also there is no full trasparency with transactions so market can be manipulated expecially with little coins..

Bittalk12

member

Activity: 434

Merit: 11

Setting a stop loss is always a must when trading. It is your safest route to save your funds with huge lost or minimize the risk specially if the market is super unstable. I also shaking my head seeing the longest bearish days in my entire trading. I also lost so much because my portfolio went down for over -50% of my original investment. What i am doing now is to multiplying the number of my altcoin i am holding to atleast maximizing my ROI when the right time comes.

esdrase

jr. member

Activity: 93

Merit: 5

I have used the stop loss to protect my investment, but with this market bleed, I have doubts if it is worth using Stop Loss. What do you think?

Topic: Is it worth using the Stop Loss when the market is in the bottom? - page 2. (Read 265 times)