Is Using a Stop loss "Good" or "Bad" - page 3.

Emitdama

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Quote from: Peanutswar on April 23, 2022, 12:15:19 AM

If you are using a trading Stop loss and Taking profit is one of the most basic things in the fundamentals of trading some people do not commit stop loss because they are willingly taking some risk to get more profit but of course the higher the loss too, But for me having this you make your self more responsible to every trade you want to do still its personal preferences and risk management. The purpose of the technical indicator is a guide you to put a SL and TP

But, are there any thing that traders want other than profit? I know, maybe they only want is to trade their coin for another coin but still, in the end, they are going to sell it for profit. According to your explanation, using stop loss is bad for those who want to earn more profit but it is good for those who want to cut the risk while earning lesser profits.

There are those that are willing to take huge risk but it doesn't mean that they are not responsible on what they are doing, it's just they are more wealthier than us while there are some that only risk small but they are the ones that are usually not responsible. They better correct that habit.

Ziskinberg

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Quote from: Woodie on April 11, 2022, 06:16:33 AM

I have traded and analyzed several charts and I have come to a conclusion that trading with a stop loss is the easiest way to lose money and not a safety net because if your analysis is correct what happens most of the times is markets go for the stop losses which takes you out of the market and price turns to your predicted direction after the stop hunt which many consider as market manipulations.

So is using a stop loss good or bad?

Do we have traders that trade without them, if yes what's your win ratio using this strategy?

The result of using stop loss will only reflect based on how you used it. If you see it manipulating your trades and your future profits, then stop using it. But in most cases, having stop loss is very useful especially for traders who don't want to fall in extreme losses, stop loss will help to limit their losses particularly for those coins who are seen in consistent price drops. But in either way, stop loss is just a tool, the biggest factor relies on the trader itself on how he will manage the future of his trades.

Smartvirus

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When it comes to using stop loss and take profit, I consider it a very good thing. These tools are not only capable of stopping an impending loss but, they in a way helps you to manage your greed. Most traders come to the market and should they be making profit, they seem all the other pips that would read after the take profit should have been there's and the same thing goes go stop loss. Where they think, pushing it a little further would have helped them to wait out the bear moves and gains with the reversal when it occurs. Sadly, the story could be going from the frying pan to fire and vice versa. Its best you have a trading plan and follow it. Having a stop loss and take profit could be a trading plan.

Wiwo

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Quote from: Peanutswar on April 23, 2022, 12:15:19 AM

If you are using a trading Stop loss and Taking profit is one of the most basic things in the fundamentals of trading some people do not commit stop loss because they are willingly taking some risk to get more profit but of course the higher the loss too, But for me having this you make your self more responsible to every trade you want to do still its personal preferences and risk management. The purpose of the technical indicator is a guide you to put a SL and TP

You are correct but you seem to be missing something or is it me that is not getting you right, the aim of the stop lose feature is not to make profits but to avoid a total loss of the asset. In a way to me stop loss is best active when the trader wants to go away from the market and to help execute the trade on behalf of the trader, risk management is a vital part of trading and the SL is most appropriate for this since it helps execute a trade when the market is heading in opposite directions.

zaesvlas

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I use this tool quite often. In my opinion, with the right approach, this may well bring a positive result.

Wexnident

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Pretty sure it's not a matter of good or bad, it's just a matter of whether you want to use it or not. Stop loss is mostly used by people who don't want or can't always watch their trades so they set them up so that they don't accidentally lose too much by leaving their trades open. If you're basically trading 24/7, I don't think it's a necessity BUT it is a good habit to still do imo, it's a backup of sorts in terms of trying not to lose your assets. I don't think it'd matter much when doing your strategies since it doesn't directly affect how much you profit in most cases.

safari88

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It's actually a safety net if you are using it right since it can save you a lot of money, maybe you are just unlucky that after hitting your stop loss the price would go to your prediction but for me I think it is good and it is better to use it rather than leaving some trades open without stop loss.

bubidan.id

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The use of stop loss is very important for me, we can limit our losses while trading. I set a daily loss limit of 1%-3% of our capital, this limit is relative to everyone depending on how each trading plan is. To overcome market manipulation, I suggest a minimum of trading on the H4 Time frame and entry when the price is at support or resistance, it can minimize risk a little.

sensimilia

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Quote from: Woodie on April 11, 2022, 06:16:33 AM

I have traded and analyzed several charts and I have come to a conclusion that trading with a stop loss is the easiest way to lose money and not a safety net because if your analysis is correct what happens most of the times is markets go for the stop losses which takes you out of the market and price turns to your predicted direction after the stop hunt which many consider as market manipulations.

So is using a stop loss good or bad?

Do we have traders that trade without them, if yes what's your win ratio using this strategy?

If I notice here what I see here is that if facelock is used then it can be seen here because of the stop loss there will be security in the dating industry here so for office purposes there are many important things here that are important strategies have to be made here. And it will serve as a restoration of trading here but if it is emphasized here then adding a lot of incomplete things here again will force you to lose your trading here but if you do not from here it will be better

stepwilli

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I wouldn’t say that stop loss is bad, although some people are going to say that, but this is a tool that was designed to help you prevent losses while trading.Of course it would have its cons, as some people has pointed out and complained how it would make them miss opportunities. But, I would say the problem here is that they don’t know how to make use of it.

If you don’t know how to make use of it or it doesn’t work for you due to your style of trading, then maybe you should not, and continue the way you feel is best for you. But, if you feel that you can apply this tool in the right way and make it useful for your trading, then you can go ahead with it. There’s nothing like being good or bad, it’s just about you knowing how to use it rightfully.

Peanutswar

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If you are using a trading Stop loss and Taking profit is one of the most basic things in the fundamentals of trading some people do not commit stop loss because they are willingly taking some risk to get more profit but of course the higher the loss too, But for me having this you make your self more responsible to every trade you want to do still its personal preferences and risk management. The purpose of the technical indicator is a guide you to put a SL and TP

Bgbolahan

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There is a saying that "The only thing you can control in trading is your risk which is stop loss"

jossiel

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Quote from: ItsCrafty on April 21, 2022, 12:11:45 PM

Crypto Market is very volatile. Sometime an experience person put Stoploss but it's not work and market recover after hitting Stoploss. Many time I see that after hitting Stoploss coin again jump upward and sometimes 2x from that point. It's not working well in spot if anybody looking for long term. For short term I think it's good choice.

That's part of the side effect when you use stop loss.

You don't know when the market shall be dumped and recover eventually. So if it dumps a lot and you're able to save your money then that's a life-saving moment for you and you'll be thankful that you've put a stop to loss.

But if the market recovers after you hit the stop loss, that's one of its side effects and we all want to see the market recover. People are forgetting when the negative result has happened and they're saved by SL.

barbara44

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Quote from: GeorgeJohn on April 19, 2022, 08:18:51 AM

Quote from: Woodie on April 11, 2022, 06:16:33 AM

I have traded and analyzed several charts and I have come to a conclusion that trading with a stop loss is the easiest way to lose money and not a safety net because if your analysis is correct what happens most of the times is markets go for the stop losses which takes you out of the market and price turns to your predicted direction after the stop hunt which many consider as market manipulations.

So is using a stop loss good or bad?

Do we have traders that trade without them, if yes what's your win ratio using this strategy?

see it depends on you, because using a stop loss is the measure i find that will make to be safe in your trading industry, so the objectives of stop loss yields vitals techniques in trading because it act as a recovery agent in trading, but emphasising that it doesn't add any thing meaningful or makes you lose your trading, i will portray that it's base on your perception, because it's very obvious that using stop loss contributes immensely to alternative coins recovery via trading

I agree that it is a personal choice. In fact, I believe that it could be based on each trade as well. There are situations where I do not trust the project enough and I use the stop loss because I do not want to hold that token for too long and want to get out if it doesn't go up, did that with dozens of coins and there are situations where I want to hold it even though it could go down 50%, in fact I would be willing to even buy more of it as well.

This is the difference and I believe that if we are at that stage, we are going to definitely enjoy something close to this when talking about stop loss. Sometimes it is good to use it, sometimes you may not want to.

ItsCrafty

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Quote from: zaesvlas on April 21, 2022, 08:36:12 AM

It's just a tool. Don't think he's bad or good. The main thing is to use it correctly.

Crypto Market is very volatile. Sometime an experience person put Stoploss but it's not work and market recover after hitting Stoploss. Many time I see that after hitting Stoploss coin again jump upward and sometimes 2x from that point. It's not working well in spot if anybody looking for long term. For short term I think it's good choice.

istiak2277

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Quote from: jackg on April 11, 2022, 07:23:21 AM

A stop loss is probably the safest way to trade inactively (for when you can't constantly check your notifications for example).

Why I would do that if I know the price will surely go up in one month or over a year. It is the easiest way to lose money as stated in the OP. A commonplace people put stop lose is right below the support level and it's not a myth that exchanges do manipulate to hit those levels. Using stop-loss could save someone from taking a big loss if he put all of his money in a single trade and does not have any funds for DCA. DCA is the most effective and safest way to win every trade.

zaesvlas

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It's just a tool. Don't think he's bad or good. The main thing is to use it correctly.

FlamingFingers

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Using a stop loss is very good, there are sometimes where by the market experience a very sharp drop if there is no stop loss you will be liquidated instantly, we all know how volatile the market is. The idea of stop loss is to give the market enough room to play out while also preparing for the bad times. No stop loss use is extremely risky and I do not recommend it for professional trading.

doomloop

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Quote from: 99Percent on April 20, 2022, 10:01:28 PM

Stop loss.
Very useful for everyone who trades in futures
sometimes the market does not match what we expect it to be for the better. you do a stop loss. because it will be able to make you calmer, when your analysis is wrong

That’s right. Most of the traders in the market do not have the time to be monitoring their trades on a daily, So what other way do you have if not to implement stop loss? This tool is going to help you to limit your losses for the day, but imagine when you do not make use of this tool and the market happens to be very bad for that day, and you will just come back to see that you have made a lot of losses instead of profit.

So, I wouldn’t get why anyone would say that stoploss tool is bad, when it is really a tool that has been and will always be very useful to a lot of traders out there.

99Percent

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Stop loss.
Very useful for everyone who trades in futures
sometimes the market does not match what we expect it to be for the better. you do a stop loss. because it will be able to make you calmer, when your analysis is wrong

Topic: Is Using a Stop loss "Good" or "Bad" - page 3. (Read 914 times)