I can’t understand one thing - why are there thoughts that this could be bad? It should be understood that the correct use of the tool most often has a positive outcome.
It never crossed my mind to douubt whether stop loss is bad because its as you've said the outcome is mostly a positive outcome. 
Topic: Is Using a Stop loss "Good" or "Bad" - page 4. (Read 914 times)
Adopting stop loss system is good because crypto trading is mostly an assumption of how the market will move and it definitely won't go your way always and when you trade with a huge amount of money its best advisable you adopt it
I can’t understand one thing - why are there thoughts that this could be bad? It should be understood that the correct use of the tool most often has a positive outcome.
As per my experience using the stop loss tool is a good idea to avoid big losses, if you will use stop loss then you can recover your loss through the remaining balance in future trading but if you will not use stop-loss then your account can be liquidated but if you use stop-loss then you can trade with remaining funds and this is chance to recover your loss, stop loss is a good strategy for trading.
Crypto is too volatile to trade without a stop-loss.If you like to gamble with lower amounts, then you can do without, but I think that any trading above $1000 requires a stop-loss
Maybe there is something wrong with your entry and putting your stop loss, although I understand what you are saying since it happened to me before but it is much more common that is save me rather than what you are telling.
Putting a stop loss in the price where you think would be the crashing point after a confirmation that's where I put my stop loss and it doesn't need to be like -10% or whatsoever it still depends on your analysis.
Putting a stop loss in the price where you think would be the crashing point after a confirmation that's where I put my stop loss and it doesn't need to be like -10% or whatsoever it still depends on your analysis.
As per my experience using the stop loss tool is a good idea to avoid big losses, if you will use stop loss then you can recover your loss through the remaining balance in future trading but if you will not use stop-loss then your account can be liquidated but if you use stop-loss then you can trade with remaining funds and this is chance to recover your loss, stop loss is a good strategy for trading.
I have talked about this many times before. There are 2 standard things you do as a trader,,, one is limit order, another is Stop Loss (both are limits I guess).
If you do not know what price you want to go in, and what price you want to go out, then you should never be trading.
You can of course adjust profit range with trailing stop but if you have ever been the victim of flash crash,,, then you know.
It is that simple and yet it is one of those of those things that people do not think about it, after all this is one of the most basic things that a trader needs to know, you need to know when to get in the market and when to get out if even that is beyond the ability of the trader then they have to go back to square one and try to improve their trading strategy, because without something as basic as that the chances they will actually get any profits out of the markets are zero.If you do not know what price you want to go in, and what price you want to go out, then you should never be trading.
You can of course adjust profit range with trailing stop but if you have ever been the victim of flash crash,,, then you know.
I think people do think about it,,, just that traders who come into this altmarkets seldom think to be careful, seldom think to make pragmatic behaviors that would be considered totally basic for regular traders.
It is a huge difference in mentality,,, the trading one and the gambling one. Gamestop and Wallstreetbets made people think it is easy to become rich.
to survive in crypto market, using stop loss is an obligation for us, we will face uncertain condition when entering trade. price could drop hardly in second without reason and if we didnt set our position with stop loss , liquidation will come to us. no matter for long term or short term trade we have to set SL to minimize risk
I have talked about this many times before. There are 2 standard things you do as a trader,,, one is limit order, another is Stop Loss (both are limits I guess).
If you do not know what price you want to go in, and what price you want to go out, then you should never be trading.
You can of course adjust profit range with trailing stop but if you have ever been the victim of flash crash,,, then you know.
It is that simple and yet it is one of those of those things that people do not think about it, after all this is one of the most basic things that a trader needs to know, you need to know when to get in the market and when to get out if even that is beyond the ability of the trader then they have to go back to square one and try to improve their trading strategy, because without something as basic as that the chances they will actually get any profits out of the markets are zero. If you do not know what price you want to go in, and what price you want to go out, then you should never be trading.
You can of course adjust profit range with trailing stop but if you have ever been the victim of flash crash,,, then you know.
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 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?
I would say, without stop loss and awaiting a market turnaround turns every trader into a long term holder
if you have enough free funds and you can wait, then stop loss is really a loss. this is of course only applicable to major currencies, by no means for some token shells, there the big loss (without stop loss)is almost guaranteed
The tools themselves are pretty good. The only question is the trader's ability to use them. Based on this, the conclusion will already be different.
Well said mate! A stop-loss is a double edged sword that has good and bad written all over it! A stop loss can help in securing any profits made from going back to the broker which is what the profitable traders see it as, then there is the stop loss which is used to prevent further loss when trying to enter the market but this is where I have my doubts about its usefulness, a stop-loss is a good lure for any market makers to grab that liquidity as structure tells us where exactly this liquidity sits because we all play the same game when putting these....and the only way to prevent being kicked out of the market when trying to enter the markets is not to use them
The tools themselves are pretty good. The only question is the trader's ability to use them. Based on this, the conclusion will already be different.
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 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?
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?
Generally speaking, stop loss is a good feature an exchange can offer. It allows the trader to automatically exit and prevent more losses. If you use it properly, you'll find it really helpful. As what I've said, it will help you save some time and of course save money from the potential lose. It's bad, if you are poor in using it. I use it in ~60% of my trades.
Stop loss have potential for recovery our fund and buy back several altcoin with lower price, but still not all trader agree with stop loss and want to use it trough have coins assets drop price, keep holding until recovery and back to higher price is the only solution for them than have to use stop loss. But when getting price have been drop in -60% I think is worth for using stop loss but have been late with much loss on several altcoin trading and better keep holding waiting price up one day later.
I have talked about this many times before. There are 2 standard things you do as a trader,,, one is limit order, another is Stop Loss (both are limits I guess).
If you do not know what price you want to go in, and what price you want to go out, then you should never be trading.
You can of course adjust profit range with trailing stop but if you have ever been the victim of flash crash,,, then you know.
If you do not know what price you want to go in, and what price you want to go out, then you should never be trading.
You can of course adjust profit range with trailing stop but if you have ever been the victim of flash crash,,, then you know.
I use to see the market that way before and it does not only happen when you are in the stop lose mode, some time even your manual trading market seems to go opposite direction the moment your order get executed.
The stop lose feature have helped in my trading a lot lately as this feature allows be to automatically execution of trade if the market price goes below you set price to avoid total lose.
The stop lose feature have helped in my trading a lot lately as this feature allows be to automatically execution of trade if the market price goes below you set price to avoid total lose.
it can be good or bad depending on one's strategy. when holding popular coins, I don't use stop losses, because I really believe the coin will go back up again at a very high price. Examples of these coins are bitcoin, ethereum, BNB, and so on.
however, it would be wise to use stop loss for new altcoins, or altcoins that are not included in the popular altcoins. however, I don't use stop loss on the new altcoins. I thought it would cost hundreds of dollars, because the price when I owned it was tens of dollars. Unfortunately, the price has been dropping continuously so far and is below $5. it makes me regret not using stop loss on the coin. In addition, stop loss also has a function to prevent deeper losses.
however, it would be wise to use stop loss for new altcoins, or altcoins that are not included in the popular altcoins. however, I don't use stop loss on the new altcoins. I thought it would cost hundreds of dollars, because the price when I owned it was tens of dollars. Unfortunately, the price has been dropping continuously so far and is below $5. it makes me regret not using stop loss on the coin. In addition, stop loss also has a function to prevent deeper losses.
Smart trader always use top loss what ever kind of trading between spot or future keep safety assets and take recovery back when price drop, several trader looks as long term investor without use stop loss but risk with future trading without have bigger fund for back up away from liquidity. But still effective without stop loss on spot trading but really need waiting long term and more patience for reaching higher price later, but several smart trader take stop loss and got loss few percent than become long term holding or become several years with investor after price drop.
Stop loss is for the people who like to trade quickly, there are some of us who think that trading could be turned into investment as well. Like for example if I buy something and it goes up 5% in a day or a week, then I will sell and make a profit. However, if it goes down 10%, then I will buy some more, usually the same amount and then that will cause the average to be lower, if it keeps going lower then I will keep on buying more and that's how I make my profit, without needing to sell out and wait to get back in.This means I would have to wait a lot longer, there are times when I waited 2 years to sell something, sometimes it's just a few weeks, but all in all I started with the mindset of selling as soon as it reaches 10% profit, and still did that no matter how long it took, a week or a year.
More important here is how to use this tool correctly. It is important to understand that the most important aspect in the process of using this tool is profit.
From years experience stop loss is a must. And yeah I agree using it correctly is so important. It saved me so many times when market went hard down. Jump to: