Topic: Is stoploss worth it ? (Read 847 times)
I have never really traded with stop loss. I do not find them comfortable to be honest. I just buy a coin and place sell order at a comfortable price level, likewise selling and placing a buy order at a comfortable price.
Regardless of the fact that dip occurs from time to time in markets, does not mean that one should not set stop losses in trades. Setting a stop loss in trades is always important in the sense that you may not have all d time to be monitoring the market when a position has been made, and it also helps you lose less when u're losing a trade.
I have set the weekly target of 2% profit on the capital amount which is quite easy knowing that BTC swings about 2% on a daily basis and hence it would be an easy target to achieve.
I am achieving the target but as the recent dip was a big one, it took away all the profit I made. So is a stoploss worth a try so that such big dips don't take away the rest of the profit I make ? Should I consider placing a stoploss for such a small target ?
Stop loss is your way of protecting your profits when you are not in front of your laptop or desktop to trade. It will place an order for you in case the price touches your desired Sell price. However, you have to be very careful with using stop loss, a minus 5% from your bought price might trick the system to sell your coins then suddenly will price go up. I would suggest a higher margin like 8%-10% from your bought price.I am achieving the target but as the recent dip was a big one, it took away all the profit I made. So is a stoploss worth a try so that such big dips don't take away the rest of the profit I make ? Should I consider placing a stoploss for such a small target ?
to fall, so before you stop selling, you have to look at market conditions first, whether prices will improve or will continue to bleed
I myself do not really like to use stop loss because in crypto fluctuations the price movements are very high and if we use the Stop loss then suddenly the price falls then returns to our entry price, then we will automatically lose, therefore I do not like to use stop loss.
There is no problem if you set already the price even it falls hard cause it automatically sold when reaches to the lowest setting price. I'm not doing it all the times cause it usually I can't made the right timing and mostly I always losing. I'm just looking for the trend and do simply buying and selling scheme, it provides me good profit.
I myself do not really like to use stop loss because in crypto fluctuations the price movements are very high and if we use the Stop loss then suddenly the price falls then returns to our entry price, then we will automatically lose, therefore I do not like to use stop loss.
I have set the weekly target of 2% profit on the capital amount which is quite easy knowing that BTC swings about 2% on a daily basis and hence it would be an easy target to achieve.
I am achieving the target but as the recent dip was a big one, it took away all the profit I made. So is a stoploss worth a try so that such big dips don't take away the rest of the profit I make ? Should I consider placing a stoploss for such a small target ?
Depends on your tatste, but if I were you I would not put mt money into such a small tartget, you should already be buying all of it by now. Btc is much cheaper than it's price for this past years so this might be the time to rise it up a little bit. Let's wait for big shocking price to happen better save up for now,I am achieving the target but as the recent dip was a big one, it took away all the profit I made. So is a stoploss worth a try so that such big dips don't take away the rest of the profit I make ? Should I consider placing a stoploss for such a small target ?
To be honest, I don't use stop loss because I don't know how to use it.
I'd prefer doing average down rather than doing stop loss since we don't know when a certain coin goes up or down.
Stoploss is just setting the dump price level when you should hit the sell buttom, its easy to do that since you will be the one to assign your loss percentage. Anyway, you’re still doing good on doing averaging. For me, stoploss is very important for a trader since they tend to buy and sell as much as possible but if you are a hodler stoploss is not a big thing for you since you are looking for a long term trend and the price movements. I'd prefer doing average down rather than doing stop loss since we don't know when a certain coin goes up or down.
I have set the weekly target of 2% profit on the capital amount which is quite easy knowing that BTC swings about 2% on a daily basis and hence it would be an easy target to achieve.
I am achieving the target but as the recent dip was a big one, it took away all the profit I made. So is a stoploss worth a try so that such big dips don't take away the rest of the profit I make ? Should I consider placing a stoploss for such a small target ?
Depends on your tatste, but if I were you I would not put mt money into such a small tartget, you should already be buying all of it by now. Btc is much cheaper than it's price for this past years so this might be the time to rise it up a little bit. Let's wait for big shocking price to happen better save up for now, I am achieving the target but as the recent dip was a big one, it took away all the profit I made. So is a stoploss worth a try so that such big dips don't take away the rest of the profit I make ? Should I consider placing a stoploss for such a small target ?
I have set the weekly target of 2% profit on the capital amount which is quite easy knowing that BTC swings about 2% on a daily basis and hence it would be an easy target to achieve.
I am achieving the target but as the recent dip was a big one, it took away all the profit I made. So is a stoploss worth a try so that such big dips don't take away the rest of the profit I make ? Should I consider placing a stoploss for such a small target ?
For me yes i usually set my stop loss to -10% so it may not be easily hit when market are just flactuating through consolidation but when market would suddenly dump which we already experienced several times at least my loss is minimal and i can re buy at a lower price.I am achieving the target but as the recent dip was a big one, it took away all the profit I made. So is a stoploss worth a try so that such big dips don't take away the rest of the profit I make ? Should I consider placing a stoploss for such a small target ?
I have set the weekly target of 2% profit on the capital amount which is quite easy knowing that BTC swings about 2% on a daily basis and hence it would be an easy target to achieve.
I am achieving the target but as the recent dip was a big one, it took away all the profit I made. So is a stoploss worth a try so that such big dips don't take away the rest of the profit I make ? Should I consider placing a stoploss for such a small target ?
For me yes i usually set my stop loss to -10% so it may not be easily hit when market are just flactuating through consolidation but when market would suddenly dump which we already experienced several times at least my loss is minimal and i can re buy at a lower price. I am achieving the target but as the recent dip was a big one, it took away all the profit I made. So is a stoploss worth a try so that such big dips don't take away the rest of the profit I make ? Should I consider placing a stoploss for such a small target ?
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To be honest, I don't use stop loss because I don't know how to use it.
I'd prefer doing average down rather than doing stop loss since we don't know when a certain coin goes up or down.
I'd prefer doing average down rather than doing stop loss since we don't know when a certain coin goes up or down.
I have set the weekly target of 2% profit on the capital amount which is quite easy knowing that BTC swings about 2% on a daily basis and hence it would be an easy target to achieve.
I am achieving the target but as the recent dip was a big one, it took away all the profit I made. So is a stoploss worth a try so that such big dips don't take away the rest of the profit I make ? Should I consider placing a stoploss for such a small target ?
We must see the situation and conditions. Stploss is not always profitable and is not always detrimental. I am achieving the target but as the recent dip was a big one, it took away all the profit I made. So is a stoploss worth a try so that such big dips don't take away the rest of the profit I make ? Should I consider placing a stoploss for such a small target ?
There must be a formula that can calculate whether we will experience profits or not.
I am achieving the target but as the recent dip was a big one, it took away all the profit I made. So is a stoploss worth a try so that such big dips don't take away the rest of the profit I make ? Should I consider placing a stoploss for such a small target ?
I have set the weekly target of 2% profit on the capital amount which is quite easy knowing that BTC swings about 2% on a daily basis and hence it would be an easy target to achieve.
I am achieving the target but as the recent dip was a big one, it took away all the profit I made. So is a stoploss worth a try so that such big dips don't take away the rest of the profit I make ? Should I consider placing a stoploss for such a small target ?
Stop loss is your way of protecting your profits when you are not in front of your laptop or desktop to trade. It will place an order for you in case the price touches your desired Sell price. However, you have to be very careful with using stop loss, a minus 5% from your bought price might trick the system to sell your coins then suddenly will price go up. I would suggest a higher margin like 8%-10% from your bought price. I am achieving the target but as the recent dip was a big one, it took away all the profit I made. So is a stoploss worth a try so that such big dips don't take away the rest of the profit I make ? Should I consider placing a stoploss for such a small target ?
Trading without use stop loss is the same like bring your money to casino, and your money can be going to zero. The price of crypto is unpredictable with high fluctuacion, just like yesterday the price dumped just in afew minute, and we will loss alot of money if we did not stop loss and trailling stop.
That is why the author should not see trading like gambling as you said. Trading without stop loss is what creates unnecessary panic selling for a number of people and discourage them from further trading. Like you rightly said, the market is generally unpredictable and fluctuates a lot, the fluctuation might be favoring the author now forgetting the fact that the coin being traded might have a dump price and since there are uncertainties about the coin, hence stop loss is very useful. 
stopLose is commensurate if the value falls hard yeah mate indeed you must to take such action, but if your small calculation funds are better the hodl and wait for the increase above you buy because bitcoin is an instability that makes us as traders hesitant to take such action
Stop loss isn't so good if hit, trailing stop is.
If you keep changing your stop loss every time it hits one of your targets, it will definitely be a win-win situation in the long run as even if it gets back to the original price from where you entered, it will not hit your capital so hard which you can compare while having no stop loss and losing a big share.
If you keep changing your stop loss every time it hits one of your targets, it will definitely be a win-win situation in the long run as even if it gets back to the original price from where you entered, it will not hit your capital so hard which you can compare while having no stop loss and losing a big share.
I have set the weekly target of 2% profit on the capital amount which is quite easy knowing that BTC swings about 2% on a daily basis and hence it would be an easy target to achieve.
I am achieving the target but as the recent dip was a big one, it took away all the profit I made. So is a stoploss worth a try so that such big dips don't take away the rest of the profit I make ? Should I consider placing a stoploss for such a small target ?
I am achieving the target but as the recent dip was a big one, it took away all the profit I made. So is a stoploss worth a try so that such big dips don't take away the rest of the profit I make ? Should I consider placing a stoploss for such a small target ?
If you keep an eye on the account and practice day trading without leverage then stop loss is not necessary. I would not use it in these conditions.
I have set the weekly target of 2% profit on the capital amount which is quite easy knowing that BTC swings about 2% on a daily basis and hence it would be an easy target to achieve.
I am achieving the target but as the recent dip was a big one, it took away all the profit I made. So is a stoploss worth a try so that such big dips don't take away the rest of the profit I make ? Should I consider placing a stoploss for such a small target ?
I am achieving the target but as the recent dip was a big one, it took away all the profit I made. So is a stoploss worth a try so that such big dips don't take away the rest of the profit I make ? Should I consider placing a stoploss for such a small target ?
If you keep an eye on the account and practice day trading without leverage then stop loss is not necessary. I would not use it in these conditions.
In any trading, stop loss is one of the most important tools that need to be in place and active at all times.
The market we are in is unpredictable, I understand you are a good trader and you have studied the market carefully but any change can happen at any time, so it’s best you still set your stop loss to avoid unnecessary regrets and tension, trading has to be with minimal risk to be able to fully get the best out of it.
Bad days really happen when day trading, so use stop loss to prevent any form of big losses.
The market we are in is unpredictable, I understand you are a good trader and you have studied the market carefully but any change can happen at any time, so it’s best you still set your stop loss to avoid unnecessary regrets and tension, trading has to be with minimal risk to be able to fully get the best out of it.
Bad days really happen when day trading, so use stop loss to prevent any form of big losses.
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