Is stoploss worth it ? - page 5. | Bitcointalksearch.org

arpon11

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Quote from: pawanjain on October 11, 2018, 01:21:47 PM

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 ?

like some of us has said. We actually needs stop loses put in place in other to reduce loses in trading. Cryptocurrencies market is a volatile market and it is good we should understand that if we did not put stop lose in place our capitals might be wiped away in a single price movement. Another reason why we should used stop loses is because we cannot always be with our computer or phone and as such stop loses reduced our risky.

raghovsing34

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If you don't wanna lose much more than you can afford to loss then it will be very useful if you set a stoploss. Otherwise you can hold if market get down if you can keep your patience.

babarian

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of course it's not worth it, it would be better if you keep holding.
by continuing to hold you can minimize your losses when you sell a few moments to come when a bull run occurs.

glowing10

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Quote from: MURONDI on January 28, 2019, 04:13:50 AM

it looks like you are stuck in the bear market Grin

, I also often experience such things, You have to dare to lose a few% of your balance before impacting greater losses.. Next time use the stop loss earlier.. Grin

Depending upon the market situation I do place the stop loss considering how volatile it could be and at times that stop loss was really worth as I had just lost few $ rather than losing a lot of money or else would have to wait for another year or so for the recovery to happen with that coins.

ethereumhunter

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Although I don't like to use stop-loss, sometimes I use it if necessary, and if I think the price will go down, I will cancel my order and make a stop-loss call. It's worth if you know where the price wants to go but if you don't know anything about stop-loss, then cancel the order will be a good choice because you can cancel your order in anytime you want. Stop-loss will be useful to prevent a big lose when the price is down too deep, but you need to know the movements of the coins first.

Jating

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I would say yes, stoploss is worth a try and I'm sure a lot of traders are also using this method to minimize risk. I guess it's boils down as how you're going to take advantage of it. Others think it easy as it may sound.

One advantage is that you know how much money you're willing to risk:reward ratio. You can only leave your computer do something else and just get back to see how you're doing. No need for you to monitor the price that often.

Matthewmorris4

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Quote from: Wafilian on January 28, 2019, 06:16:00 AM

Stop loss useful for safe trading but in crypto trading my luck so bad, Sometimes I used stop loss then market hit my stop loss an bounce back but obviously using stop loss the best idea and safety trade system.

yes sometimes things like that often happen, this is the reason sometimes I use stop loss not only to not lose too badly but also to take the opportunity to buy back at some lower point of that but i'm not sure if we do something like this right now. Most people tend to sell than buy.

wayaneka

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Use Stop loss is very important in trading activity, that why many trading platform offer this feature. Use stop loss will be minimize the loss from wrong trade, and we have to use it for trading in spot market or in margin trading. Trading is high risk activity because the price off any asset unpredictable, in margin trading our balance can be going to zero if dont use any stop loss and also in spot trading possible lossing value more than 90%.

bohr

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Quote from: Wafilian on January 28, 2019, 06:16:00 AM

Stop loss useful for safe trading but in crypto trading my luck so bad, Sometimes I used stop loss then market hit my stop loss an bounce back but obviously using stop loss the best idea and safety trade system.

If that happens to you very often then it is possible that you are not setting your stops correctly, what kind of method are you using to determine where the stop loss should be located? This is important because if your stops are very close to your entry price then you will be forced out of the market before you can make any profits and that can be problematic.

Wafilian

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Stop loss useful for safe trading but in crypto trading my luck so bad, Sometimes I used stop loss then market hit my stop loss an bounce back but obviously using stop loss the best idea and safety trade system.

Idrisu

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In money management, stop lose is one of the tools we used in trading. I believe that stop loses is need in other not to lose much especially when the market is going against you and you are not having access to your account to control it. If you have the time to keep eye on your open position then you don't need stop loses.

Caladonian

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Quote from: bit-freedom on January 28, 2019, 04:18:24 AM

Yes, I think a stop loss is definitely worth it if you want to limits your loss. And especially when your profit is 2%, you do not want to lose more than that. Usually when BTC dip, it can be big around 5 to 10%, it can easily sweep your profit away.

This extended bear market really hard to assume, setting stop loss is indeed needed to avoid much bigger damage, with stoploss you'll be able to quit with smaller loss and can comeback the next day and try to recover, without stoploss it can put you in a much deeper grounds making more problem and taking longer time frame to recover, this feature won't be introduce for no purpose at all, we have to take the advantage of learning it for our advantage.

bit-freedom

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Yes, I think a stop loss is definitely worth it if you want to limits your loss. And especially when your profit is 2%, you do not want to lose more than that. Usually when BTC dip, it can be big around 5 to 10%, it can easily sweep your profit away.

MURONDI

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it looks like you are stuck in the bear market Grin

, I also often experience such things, You have to dare to lose a few% of your balance before impacting greater losses.. Next time use the stop loss earlier.. Grin

automaticmoney

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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

enawati

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Alot of trader and investor was lossing money more than 90% because they did not use stop loss. They just confidence the price will keep going up, and decided to hold after loss more than 50% but finally the price keep down more than 90%. If they did use stop loss , so they will never loss too much.

eaLiTy

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Quote from: pawanjain on October 11, 2018, 01:21:47 PM

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 ?

Having a stop loss feature will help you in cases where the market is having a huge drop, when the market had a huge rally last year everyone knew the market will reverse anytime after some time so during that time I made full use of the stop loss feature as I knew once the market crashed it would be a big one. I will not suggest using it with a small price range drop as the volatility level is high.

bohr

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Quote from: pawanjain on October 11, 2018, 01:21:47 PM

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 want to get profits no matter how small then you need to use a stop loss, I know it may look to not be necessary when you are aiming for such a low amount of profits but if you do not do it then you are going to experiment the same thing happening to you many times, you will get some profits and you will lose it all when you make one mistake.

playboy654

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Quote from: Kopyleft on January 23, 2019, 01:35:34 PM

Stop loss can be very useful if used properly amd professionally. It helps prevent excessive losses when a trade goes against you and you are not disposed to close the trade, but could also pull you out of a trade too quickly and you miss out if the price makes a reversal.
The key is using it properly.

Yes it will be more useful when you use this opportunity more profitable in the right way like using the professional thing also helpful you to get satisfied with this but don't make over confident with anything anything will be happen to anyone easily.

Kopyleft

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Stop loss can be very useful if used properly amd professionally. It helps prevent excessive losses when a trade goes against you and you are not disposed to close the trade, but could also pull you out of a trade too quickly and you miss out if the price makes a reversal.
The key is using it properly.

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