Stop lose trading feature - page 4. | Bitcointalksearch.org

jostorres

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Quote from: virasog on October 22, 2021, 02:06:16 PM

If this is first time you are using stop loss in crypto market, make sure you know where to put the stop loss. Crypto markets are very volatile and exchanges hunt for your stop losses. I usually put the stop loss in my mind specially in the futures market. How many times i have see that prices dump and wicks are made only to eat your stop losses and then the prices move back up.

You mean that you will keep your stop-loss levels in mind and when prices are coming down then you will exit your positions? I remember MT4 or MT5 platform is having a feature like hidden stop-loss which will make exchanges unable to watch for your orders but not sure how effective still you may have peace of mind and you can go for stop-loss order well in advance.

When bitcoin market in the overall positive trend then you can keep your positions without any stoploss order but if you're trading in leveraged environment then you should go for stoploss orders otherwise your position will be auto squared off to cut losses not exceeding your total capital.

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Quote from: Alisha FR on October 20, 2021, 10:55:01 AM

After that I looked on Binance Exchange about the stop-lost feature and I found it very interesting to apply it to every trade to prevent big losses. even this feature is very helpful to keep the emotions of traders in seeing market price movements.

If this is first time you are using stop loss in crypto market, make sure you know where to put the stop loss. Crypto markets are very volatile and exchanges hunt for your stop losses. I usually put the stop loss in my mind specially in the futures market. How many times i have see that prices dump and wicks are made only to eat your stop losses and then the prices move back up.

Alisha FR

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Quote from: LastKiss on October 16, 2021, 10:39:57 PM

Quote from: BIN-BIN on October 16, 2021, 08:21:19 AM

I Am stock in-between the decision to trade and when to go on a break from trading, but I will like to have my capital on a stable trade and am considering using the stop lose features on the exchange to execute trades on my behalf while being away.
So have anyone used the stop lose the feature please share your experience.

Stop lose feature is indeed useful but only in stock exchange in my opinion since crypto market is really volatile it's better for me to watch it's movement by myself. I dont want just because some people dump my precious coin and by using the stop loss feature it will become my boomerang Cheesy

when I read this topic for a moment I agree with you because the Stop-Lost feature is only available on stock exchanges and not on cryptocurrencies.
After that I looked on Binance Exchange about the stop-lost feature and I found it very interesting to apply it to every trade to prevent big losses. even this feature is very helpful to keep the emotions of traders in seeing market price movements.

BIN-BIN

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I never use a stop loss. If your trade is scalping or day trading with a large number of opened and closed trades, then stop-loss, with such volatility, will only help reduce your deposit and not save it.

Therefore, I use the method of opening a deal for only 2-4% of my capital, and if there is a fall, then I simply buy an asset and thereby average the entry into my deal. Corrections or drawdowns should be used for the asset to be bought, not sold, incurring losses and reassuring oneself that at least some part of the deposit was saved.

I have used the feature for quite a few time recently and have realized that the features are best for people who are not always online to monitor the trades, and will want to cut loses when the market go against the set limit.

justdimin

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Quote from: FanEagle on October 19, 2021, 03:16:01 AM

Even limit orders may serve the exact purposes that you are looking for, I would like to be cautious against ever changing market conditions so that you may not get trapped by all of sudden volatility. When you are placing orders market may seem like in your favour but when you move away from the market then anything could happen which might lead you to lose your capital.

If you are preferring to trade with the help of limit orders and then you must choose non-news hours as market may not show much volatility in such hours. Still, wild fluctuations may happen at any time hence placing stop-loss order at the time of placing entry order is also most mandatory one to secure your capital.

Limit order "could" work for your favor, but it is not working when you are selling while it is going down. If you ever put a limit order under what the current price is, then the order will be executed right away, that is why limit order doesn't work with future caution. You need to basically use limit order to buy lower, sell higher without you being there, and on top of that use stop loss to sell when it goes under a certain level to get out when you are not there. Stop order is basically insurance, are you in profit? Great then you should put a stop order above the profit limit so that even if it goes down then you will sell with a profit and get out.

crwth

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You will definitely stop losing money if you have a stop loss enabled in your trading account. It's going to be easier for you to manage losses and possible negative results that you may have because of unexpected market movements that could affect your trading positions and limit.

It really depends on the strategy that you may have because some strategies don't use any stop loss feature and just average out a position by buying more. It's just that you need to have a bigger balance to make sure you are profitable with this type of strategy.

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Quote from: Hippocrypto on October 20, 2021, 02:27:59 AM

Quote from: BIN-BIN on October 16, 2021, 08:21:19 AM

I Am stock in-between the decision to trade and when to go on a break from trading, but I will like to have my capital on a stable trade and am considering using the stop lose features on the exchange to execute trades on my behalf while being away.
So have anyone used the stop lose the feature please share your experience.

Yes, that's what you need. Stop loss is a good tool, especially when you are away from the charts. But, I suggest you to try manual trading for now. Learning stop loss feature can be done later on. But, if you are already struggling to trade manually then it's time for you to use stop loss. It is a good thing to cut your losses and can surely earn.

stop loss can control our trading, we must try to trade in a structured way, so that our trading is not based on emotions within us. on the other hand we have to place stop losses in a measurable way, so that we will have our account development also according to plan. Everyone will certainly have experience when placing a stop loss, and we must always evaluate it

Hippocrypto

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Quote from: BIN-BIN on October 16, 2021, 08:21:19 AM

I Am stock in-between the decision to trade and when to go on a break from trading, but I will like to have my capital on a stable trade and am considering using the stop lose features on the exchange to execute trades on my behalf while being away.
So have anyone used the stop lose the feature please share your experience.

Yes, that's what you need. Stop loss is a good tool, especially when you are away from the charts. But, I suggest you to try manual trading for now. Learning stop loss feature can be done later on. But, if you are already struggling to trade manually then it's time for you to use stop loss. It is a good thing to cut your losses and can surely earn.

Wawa2013

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Quote from: ice18 on October 19, 2021, 10:18:21 AM

Quote from: BIN-BIN on October 16, 2021, 08:21:19 AM

So have anyone used the stop lose the feature please share your experience.

I think most responsible traders are using stop-lose to avoid huge losses, this is a proven strategy for a very volatile market like cryptocurrency, If you are not using this method then you are risking your money 100% and liquidation unavoidable.

I think stop-loss is the most important part in crypto trading, which we know crypto prices are very volatile and very difficult to predict. Therefore,
the risk of trading crypto is very high, a stop-loss feature is needed to avoid big losses. Never be afraid to use the stop-loss feature when trading
crypto, because it will save the capital we have from being completely lost. It is true that our capital will be partially lost when using the stop-loss
feature and we will lose temporarily, but we can replace the lost capital by buying coins at a low price. Then when the price goes up we can generate
profits that are far greater than the losses we experience. Indeed sometimes sacrifices need to be made to be able to generate large profits.

perfect999

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Quote from: shield132 on October 19, 2021, 03:26:27 PM

If you are between these two, better to use stop-loss and improve your trading and research, analytical skills.

I guess most people are this kind of traders like they might have some capital for long term holding and some portion of capital for aggressive trading. I believe that when to use stoploss orders and not to use is highly depending on what kind of asset we are trading/investing. Usually high potential assets are good for long-term trading hence we will never need to go for stoploss order for this kind.

If you're going for only on technical analysis then you should go for strict stoploss as market may fluctuate at any time.

shield132

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Quote from: BIN-BIN on October 16, 2021, 08:21:19 AM

I Am stock in-between the decision to trade and when to go on a break from trading, but I will like to have my capital on a stable trade and am considering using the stop lose features on the exchange to execute trades on my behalf while being away.
So have anyone used the stop lose the feature please share your experience.

I suggest everyone to use stop-loss feature but I still think it depends on what kind of personality you have.
1. Are you a person who can risk his capital for planned profits even if something doesn't go the way he wants, go va bank and wait for years if necessary? (Reminder: There were some people who sold houses and bought bitcoin back in 2017. They thought that they lost everything but if they waited for 4 years, then they would see 3x profit).
2. Are you a person who gets anxiety and the rash of jittery adrenaline when something doesn't immediately goes the way he/she planned? If yes, then you need stop-loss feature or better forget trading.
3. If you are between these two, better to use stop-loss and improve your trading and research, analytical skills.

barbara44

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Quote from: FanEagle on October 19, 2021, 03:16:01 AM

If you are preferring to trade with the help of limit orders and then you must choose non-news hours as market may not show much volatility in such hours. Still, wild fluctuations may happen at any time hence placing stop-loss order at the time of placing entry order is also most mandatory one to secure your capital.

Non-news hours are not their cup of tea for the traders who prefer scalping or short term swing trading. Limit orders along with stoploss will definitely a powerful weapon on news hours if your technical analysis are good enough to predict the directions. These all are about the level of risks, you are affordable to manage.

Quote from: CryptopreneurBrainboss on October 19, 2021, 11:47:07 AM

as the coin continue to increase in prices, so should your stop loss and in this way you turn your stop loss into a take profit order and this prevent you from losing on a trade.

We do call it "trailing stoploss". This way pro traders never have target levels but they accept their profits at the stoploss levels.

Yeah, if you keep increase your stoploss order along with market prices then after some point, your stoploss order will become higher than your entry. When the sentiment of market changes, it will come down and trigger the stoploss order and then those pro-traders will go for shorting from that stoploss levels.

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Quote from: BIN-BIN on October 16, 2021, 08:21:19 AM

So have anyone used the stop lose the feature please share your experience.

Stop loss is very effective only when you know how to use it rightly. If you're yet to understand how it should be used then you abstain from using it before the whales use it against you and then you'll regret ever using it. This though shoudn't discourage the use of stop loss orders because without them, you'll probably blow your trading account.

To avoid regrets don't set stop loss too close to your current coin price as a flash crash can be initiated just to wipeout the stop loss orders, this crash are fake dip mostly caused by bots/whales. Your stop loss price shouldn't be fixed and it doesn't have to be in the negative value range.

At first when you initiate a trade, the stop loss could be set at -10% (depending on how much you're willing to lose) but as the coin continue to increase in prices, so should your stop loss and in this way you turn your stop loss into a take profit order and this prevent you from losing on a trade.

ice18

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Quote from: BIN-BIN on October 16, 2021, 08:21:19 AM

So have anyone used the stop lose the feature please share your experience.

I think most responsible traders are using stop-lose to avoid huge losses, this is a proven strategy for a very volatile market like cryptocurrency, If you are not using this method then you are risking your money 100% and liquidation unavoidable.

FanEagle

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Quote from: BIN-BIN on October 16, 2021, 08:21:19 AM

I will like to have my capital on a stable trade and am considering using the stop lose features on the exchange to execute trades on my behalf while being away.

Even limit orders may serve the exact purposes that you are looking for, I would like to be cautious against ever changing market conditions so that you may not get trapped by all of sudden volatility. When you are placing orders market may seem like in your favour but when you move away from the market then anything could happen which might lead you to lose your capital.

If you are preferring to trade with the help of limit orders and then you must choose non-news hours as market may not show much volatility in such hours. Still, wild fluctuations may happen at any time hence placing stop-loss order at the time of placing entry order is also most mandatory one to secure your capital.

trickys

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I always use stop loss and stop limit.
Much easier and no emotions involved.

Peanutswar

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Stop loss and take profit is one of the most important things you need to use when you make a trade. Stop loss is you are preventing your assets to lose more money once the set limit already plotted all of your assets are now automatically withdraw. The same thing with the take profit once the set amount is hit they already close your trade. Of course, some of us do something else and we don't have too much time to focus on the market this thing is one of the best and ideal to use.

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Quote from: BIN-BIN on October 16, 2021, 08:21:19 AM

...So have anyone used the stop lose the feature please share your experience.

The use of stop loss for a trader is mandatory, especially when you are engaged in margin trading. But to learn more about this feature, you should check out the Binance blog: https://www.binance.com/en/support/faq/360040016512 Especially clearly it will be seen
Youtube Finance Academy: https://www.youtube.com/watch?v=oe1IAVqJonI&ab_channel=BinanceAcademy

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Quote from: Cryptoababe on October 17, 2021, 06:49:06 PM

Stop loss is only meant for minimising loss.

Along with minimizing the losses, stop-loss orders help traders to save time by freeing their capital to get ready for next trading opportunity. This means if you exit at minimal losses then you may recover your losses and then you may get into profits as early as possible compared to waiting for infinite time when trading without stop-loss levels.

Quote from: wajik-tempe on October 17, 2021, 08:20:41 PM

placing stop loss is a must in every trade now matter how good the coins that you are holding, anything could happen in crypto within seconds

Yeah, for the environment of highly fluctuating market conditions, stop-loss orders will greatly help to deal against negative market directions. In some sense, stop-loss order is a pre-determined thing to escape without losing much.

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Quote from: BIN-BIN on October 16, 2021, 08:21:19 AM

I Am stock in-between the decision to trade and when to go on a break from trading, but I will like to have my capital on a stable trade and am considering using the stop lose features on the exchange to execute trades on my behalf while being away.
So have anyone used the stop lose the feature please share your experience.

This feature is a "must use" feature when you do a trade, because it could save you from a massive drops on the market. I have a bad experience for not using stop loss on a trade (the exchange i was traded in, was not have a stop loss feature that day in 2018) , i lost almost 80% value in less than an hour because holding NXT. If only if i already used stop losses feature it could save me so much from losses.
So, placing stop loss is a must in every trade now matter how good the coins that you are holding, anything could happen in crypto within seconds

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