Topic: Is stoploss worth it ? - page 2. (Read 839 times)
Due to my little experience in trading, there is a learning that I will never forget, as long as I have my analysis done, the first thing I should place after placing the order is the Stop Loss, since in an experience I had, I placed my order forgetting Stop Loss, and the electric fluid service failed for more than 4 hours, at the time of having restored service, I had my position at a loss of -48%, initially the movement did not touch my Take Profit, it came very close, and it went down unabashedly.
for now, the stop loss method must be used so as to overcome losses when trading and now it is indeed great to get a big profit by holding back until the market experiences a large increase
If you don't have a lot of time within a day to check your assets then it is very essential to have a stoploss. But in this bear market, downward movement is always the trend so I really don't think that you still need to use it. Just be a long term holder for now and activate stoploss once those tokens soar above the sky again.
Stoploss definitely worth it in trading we need to minimize the losses in the market so we should keep stop loss whenever we open a trade
If you are just going to minimize your losses, you just need to pause or rest on trading then wait for another time if you feel the market is increasing again. For me quitting after you loss is not an option but an ultimatum decision for your own good if you have lost a huge amount. 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 ?
If you place a stoploss order at the right time and at the right price, you will not have any regrets. I think your big problem is not knowing which stop-loss order to put at a reasonable price. You can create a topic about how to place a stoploss to get people to comment. Maybe you will understand more and get a better strategy for yourself. 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 lose is mandatory if you are a scalper or day trader, otherwise you will liquidate all your account and get rekt. One thing I highly insist on is that stop lose shouldn't be tight and the balance should be big enough to avoid wicks that hit stop loses easily. If you are a swing trader or an investor it's another story and stop lose isnt that important since you are sure about the trend direction.
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 ?
Right, you also have to set what percentage of losses for cut lose, as we know market fluctuations can go down and you can also make mistakes so as to avoid greater losses, then cutlose is also necessary, no matter how small your profit target is.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 ?
Stoploss is counterproductive with trading with bitcoins, you don`t do that with bitcoins you do that with some alts that has no perspective. When you stop loss with bitcoin it`s should be like shorting, so you sell and when price drops more you buy again (now you have amount of bitcoins you want and some extra cash left ), but that can be a trap if price suddenly change direction and start to rise. If that happens than you don`t have coins, you stop your losses and sold, you have some money but price is up, that`s not a good time for buying. I hope I gave you nice explanation.
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 ?
Right, you also have to set what percentage of losses for cut lose, as we know market fluctuations can go down and you can also make mistakes so as to avoid greater losses, then cutlose is also necessary, no matter how small your profit target is. 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 one of the major money management tools in trading. If you have limited capital for your trading wallet Stop Loss is your best friend so that you can fight today and come back to fight tomorrow. Without stop loss, your trading capital may be eroded in only one-day trading. Stop Loss can never be over emphasis in trading and money management.
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 ?
Uses of stop loss means save your fund from sudden drop or huge loss. You don't need set stop loss all of your trade. Its depends on situation, if there is risk for dump then you could use stop loss. For example any coin start dump after you bought then stop loss is appropriate to avoid big loss. If any coin start pump after you bough then set stop loss on profit will be appropriate. So even coin dump again at least you will have some profit, if coin pump more means you will have more profit. So it's very important to know when and where should you use stop loss.
If you are not going to be with your system every time it is very important you place a stop losses order in other to be able to reduce loses in case of unforeseen circumstances that may cause the market to move against your open position.
It is difficult to give advice, since I do not know what your style is, but if you lost due to Bitcoin's falls, it is because you do not understand the market very well or if you set a Stop Loss above 10%. which, I suppose ... In my case, my most risky Stop, which I almost never place, is 10%. If I lose, I assume my loss, but if I win, I gain a 3 to 1 ratio with respect to my 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 ?
In most trade just like the day trading I believe it's worth it but regardless to long term, is not worth it due to the market can be trickish to predict. 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 ?
Stopping lost is sometimes are worth it because people who do way to cut their losses if the market really dump peopleare selling their coins but not mostly it is good because for sure market will get backa again the value and you will not get money because you stop your losses once you take a risk possible get mode money.
Same as now, it is not good to sell or to panic our coin because I am sure market will get back to right path again so why to sell when we have good chance to make profit instead of only sopping our lose, if we see market getting down it is good to buy some more coin at affording price than taking foolish decision of selling our present coin at panic price, I only suggest you keep holding your 2 percent will become 10 percent very soon.
I absolutely believe stoploss is important when you are trading in any capacity. As much as you might want to make a lot of profit, you need to protect yourself from excessive losses. I will like to term the stoploss feature as a risk management strategy and I advice everyone to inculcate the habit of using this feature as it could save you a lot of pain. Stoploss is important in times when the market is pretty unpredictable and we cannot keep up with the price movement. Your biggest mistake will be not to set up the stoploss feature. If you've not tried it till now, you should and you'll be thankful you did.
Stop loss valuable for safe exchanging however in crypto exchanging my fortunes so awful, Some of the time I utilized stop loss at that point showcase hit my stop misfortune a skip back yet clearly utilizing stop loss the best thought and security trading
Whales often put up sell walls to lower the price and trigger stop losses. This is how they accumulate coins for cheap and then they dump them during the next pump. don't fall for their trap, I would never suggest using a stop loss for crypto because these markets are naturally volatile.
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 ?
From this point where you are sure that you are achieving your target, I think what you need more is to keep adjusting your your take profit since it appears you are doing well to make profit. But stop loss is good too not to lose your total capital at once.
Stopping lost is sometimes are worth it because people who do way to cut their losses if the market really dump peopleare selling their coins but not mostly it is good because for sure market will get backa again the value and you will not get money because you stop your losses once you take a risk possible get mode money.
You can stop losses if you have stopped in the middle of the dump trend, and wait until the market bounces back itself. Rather than panic selling and cut your losses it means you've accepted your lose and you can't recover it. Sometimes we can say that it is worth it but no you've already a loss. 
Some exchanges have implemented a stop loss system. And this really helps traders where they cannot monitor the market almost 24 hours nonstop. can at least minimize losses for traders. But I think this system is not too influential for traders who are used to trading activities where lost is a risk. And I believe not all traders use this system.
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