Is Using a Stop loss "Good" or "Bad" - page 8.

Vaculin

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Quote from: Natalim on April 11, 2022, 04:59:18 PM

The stop-loss strategy has been used for our benefit.
It helps to cut you down from losing more and this become useful during the bear season. Thus, if you are in trading, you can really appreciate its importance, in fact, the majority of the traders had used this for the said reason.

It is GOOD or BAD? Depends on what is your purpose for using this but for me, it was a useful strategy.

Most likely, trading using stop loss helps us to refrain from losses and continue trading when you think the market has already recovered. However, traders see it differently. Some have benefit from it, while others have disregard using it because it limits their opportunities to earn more profits. I guess as long as we use it positively, it becomes useful to us.

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Quote from: blockman on April 11, 2022, 05:54:32 PM

It's actually good. When you're away and you don't expect the market to plummet and you should stop further loss then it's the one that will do it for you automatically.
Those traders that don't use that feature, might haven't heard about it and likely are new traders. But eventually, they'll get to learn about it because that's a big help whenever you're trading and when the market has been bloody again which we're not expecting to happen at this moment.
If you have come with that analysis that stop loss is the quickest way to lose money, I can't understand how it's like that for you.

Using Stop loss would be most likely when you are away from your keyboard on where you cant able to monitor the price movement which is relevant and something needed or you are conservative with your overall capital.

You could test out for yourself whether its really working for you or not and this is very situational because there are trades which arent that much needed or necessary
and there are times which it is really something ideal to be used.So its case to case or situational kind of tool which you could make use on.

sheenshane

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

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?

That doesn't matter either bad or good, this is just a tool that we can use in trading, if you know how to use stop-loss, then that's good.
This is how we determine and limit losses in trading, you may encounter potential catastrophic losses if you don't have to use this tool.

This is not about the win ratio, this is about how to avoid potential loss since trading is very risky that could be washout all your capital in just a matter of minutes. If it will grow much better because it has a profit, but if the price drop, you know how to cut loss because you've stop-loss. IMO, stop-loss is very important in trading to minimize your losses, it seems like your shield while in trading.

blockman

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It's actually good. When you're away and you don't expect the market to plummet and you should stop further loss then it's the one that will do it for you automatically.
Those traders that don't use that feature, might haven't heard about it and likely are new traders. But eventually, they'll get to learn about it because that's a big help whenever you're trading and when the market has been bloody again which we're not expecting to happen at this moment.
If you have come with that analysis that stop loss is the quickest way to lose money, I can't understand how it's like that for you.

Xxmodded

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Good job when using stop loss on your trading, but some time not effective when trying trade on future because stop loss is not working depend on your price taking, ever when I use stop loss and price under my choose but still not working until loss all my assets and got liquid notification. But when you use on spot trading I think is worth and better use stop loss and you can buy back several potential altcoin with lower price. But I was getting loss more and forget with using stop loss on my several altcoin assets and now just waiting when recovery and back to higher price again.

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If you say stop loss is bad, then you haven't traded futures using a fairly large leverage like 10x without setting a stop loss Grin

It's a very important tool and I always use it for my trades. May people only focus on possible profits and don't look at possible loss, the risk reward ratio and back testing one's win rate if they used a certain percentage for stop loss on trades opened for a specific asset

Zilon

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The market don't just hunt stop losses but small trading accounts. This is why having a good trading timing is the best. After analysis knowing when to enter a trade is also important. Stop losses was built to reduce losses. It can be good and bad at the same time it all depends on the traders and how the use it. To reduce the rate at which the market triggers stop losses before moving towards the predicted direction knowing when to join a trade will save. joining a trade that has gone too far can trigger your stop loss even faster

24Kt

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Quote from: Natalim on April 11, 2022, 04:59:18 PM

The stop-loss strategy has been used for our benefit.
It helps to cut you down from losing more and this become useful during the bear season. Thus, if you are in trading, you can really appreciate its importance, in fact, the majority of the traders had used this for the said reason.

It is GOOD or BAD? Depends on what is your purpose for using this but for me, it was a useful strategy.

I haven't used this strategy up until now as I am mostly using the spot trading. But based from what I am reading, many people are attesting about the usefulness of this strategy to avoid huge losses. So in my opinion, it really depends on the trader himself. It can be his savior if he is not keeping up with his trades.

Natalim

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The stop-loss strategy has been used for our benefit.
It helps to cut you down from losing more and this become useful during the bear season. Thus, if you are in trading, you can really appreciate its importance, in fact, the majority of the traders had used this for the said reason.

It is GOOD or BAD? Depends on what is your purpose for using this but for me, it was a useful strategy.

Lanatsa

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

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 you dont set or do consider on having a shallow SL then it would be mostly triggered out thats why you should be wise on how much you would really be willing to lose on a particular position but if not then you could

just simply make out some open order and in case the price goes opposite on what you had predicted then as long those losses arent realized or been totally closed then you do still have some chances for you to
recover or break even on your said position.

Bad if you dont know on how to make use of it but in overall its totally beneficial and save you from further losses.

crzy

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

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?

Stop loss is not bad and its really necessary if you’re into trading because it allows you to protect your money and prevent your portfolio from a bigger risk on losing big money. We should always have this, though of course cutting your losses is not more about winning, its more on protection. Once you have this, I can see that you are a responsible trader.

NeuroticFish

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

So is using a stop loss good or bad?

Knife: you can cut the meat with it, but you can cut your fingers too. I using a knife good or bad?

So if you have this kind of question, you may be too early in trading, you may have to keep playing for longer with small amounts until you ace it.

You have to learn to use stop loss in your favor. If not, instead of being a safety net, it will be the thing that constantly loses you money.
But what if, one day, the price drops a lot and .. doesn't recover? What if that day you didn't have stop loss?
You have to learn to feel the market. You have to learn to see where to set stop loss. You have to keep an eye on what happens.

mk4

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It's neither good or bad — because it's just a tool. You simply use it if you want to idle out a bit. Basically you use it to automatically sell if it drops too much to a certain pricepoint where you think it could drop more. And as with any other tool, people use it differently. You just need to use it in a way that it benefits you with your strategy.

jackg

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

A lot of the time, a stop loss is placed particularly at the same place everyone else has placed there's so it can look pole manipulation purely because there's a massive wall in one place (just to give a different perspective).

It's possible to put an alert on the price you'd set as a stop loss and check the momentum as the price reaches around there to see if it breaks it.

I wouldn't like to give an estimate or my experience on doing this method though as there's a chance anyone reading this can liquidate themselves if trading badly or spend too much time trying to chase their take profit. (I wouldn't trust it much with crypto - I'd just put the stop loss higher - I have done it with forex though and it's worked well).

Woodie

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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?

Topic: Is Using a Stop loss "Good" or "Bad" - page 8. (Read 922 times)