Topic: Stop loss (Read 624 times)

According to some post I have come across so far, the Market makers are there to make money by hitting stops, and most likely our brokers are also involved in this too, they manipulate even if you place it away from price action they still can see it. These made me at times it's better to cut my losses than Use stops.

Have seen cases where some traders don't use stop loss I just laughed. Stop loss is a key when it comes to trading because it minimize the loss. Without stop loss, trades taken are porous because you can never tell where the market might find the possible support or resistance (either on a buy or sell).
It's a good thing to adhere to use of stop loss, make it a habit if possible because is a necessity as far as am concern and at the same time the experience I have. Just imagine your trades doesn't have stop loss and there's fundamental news. A huge blow because market tends to be more volatile.

It is true that traders in smaller exchanges always face this problem, because the liquidity in those exchanges is very low which makes it easy for whale traders to trap small traders. However, many times traders have to face such problems even in big exchanges, but the number is less, when the market is very unstable, all the exchanges face liquidity crisis, as a result of which the stoploss trigger is delayed in those exchanges and the traders face losses. Binance is currently going through many crises, time will tell whether such activities will increase within Binance as well or not in the coming days.

That's available for the others but those that don't want to make a redeposit so that they can add more quantity to the tokens or coins that they're about to trade, they won't do that.
They will wait until the recovery has come for the price and that's how they're going to make their own trades. Likely, it's just going to be a little bit enough for them and if there's a little profit margin, they'll take that instead of the losses.

In most cases, this happens on small exchanges where there is insufficient liquidity. I almost regularly have this happening on the Bitget exchange, but I must say this has never happened on the Binance exchange. So, despite the fud around Binance, it is still the best exchange to trade.

When the market has extreme levels of volatility, stoplosses cannot protect against losses due to lack of liquidity. Even after I set my stoploss while trading, my stoploss did not trigger at my expected price due to the extreme volatility of the market, which made me realize that I had suffered a huge loss after further dips in the market. So from there I realized that even stoploss can't save traders from losses at times, which is a good move to avoid bottom selling by manually trading when there is volatility in the market.

Right, function of stop loss for minimizing our losses when outside controlling with some altcoin or bitcoin price suddenly drop, but not all trader want loss few percent by adapting with stop loss and prefer waiting price recovery and need moment for taking profit later. Actually is not fatal mistake when adopting with stop loss, we can recovery with how many percent loss later after reinvesting in lower price and selling after raising or recovering our loss.
Depend on holding and need longer time how to get back recovery price up better use stop loss and buy back with lower price, some stop loss feature some time not working with future trading and many cases happening liquidation after stop loss can't anticipation after have touch with stop loss set up price.

Stop Loss is needed to minimize our losses, because without it we can lose much more, and we cannot leave this to chance, we must adhere to risk management. We can also raise stop loss as the price rises to lock in profits if the market turns around and starts to fall. Sometimes a series of losing trades may follow, we cannot be immune from this, it is part of trading. Otherwise, we must control our every step in trading to avoid large losses.

I know that there are traders who trade without a stop, because they believe that in this way money can be taken from them, but it seems to me that if we neglect this rule, the danger increases very significantly, that if there is a big collapse in the market, who will not be able to recover for a long time? You will need to become a holder or record losses.

I would guess that it is definitely not profitable to keep checking because you may end up making a difference on the long run, it shouldn't really have that much of a change on the long run. I believe that we are going to end up with something that would make sense one way or another, and should be something that we could end up with on the long run.

I hope that we could make the changes soon enough, and that shouldn't really be a problem for us if we just ignore all the movements and just let it be. If we have stop loss, that means if it goes down stop loss will sell it for us anyway, if it goes up then we do not have to keep checking it, we are already on the profit anyway. So we should try to ignore it as much as we can.

To monitor the market after you have set your stop loss for the purpose of checking if volatility will push it down is just a waste of time because that doesn't happen all the time and I doubt that was the reason for op's complaint. He may have been the one that set the stop loss there but now he forgot. But except the market was manipulated but if that is not so, a reason could be maybe the volatility caused the spread to increase thereby reaching his stop loss faster but not that it was shifted which I doubt.

Seems you set it like that. Or maybe that depends on the trading tool you are using. Cos ive not seen where stoploss can go down or be pushed down without your authority

We need to look at slippage whenever we trade in the market and it is very good for us to trade with high Capital and using a small lot size when we enter the market. Sometimes it is greed that do make some trade to enter the market with small capital and use lot size that is not suitable for there Trading.

 Trading need to be very skill and market conscious or else things might goes wrong and it will lead to loses. We can incur loses in the market but we need to make sure that we make good plan and analyse the market before we ever think of going to trade with to earn profits. Stop lose is good when we trade but it is also important if we know how to use it appropriately.

That is called slippage as far as I know.
If any asset goes into dangerous volatility, then the spread becomes bigger and due to it, if it goes near your SL with a big wick, then if the orders kept there are not met at the net price that we put and the price slips down and we suffer bigger loss than our expected final loss.

Your question is quite confusing. These are my takes.

What you said = "pushed down a little bit"

• The stop loss adjusted down and then when it reached, it gave you more losses
• The stop loss was reached without any movement of the stop loss but still gave you losses

So what is it OP? Both things could've happened but the first one is more unlikely because of the unexpected movement of a stop loss. It's either you have dynamic wise or you've been hacked or something but still, it wouldn't move by itself.

Basically, the reason that you lost is that the price just reached, and unfortunate for you because it hit your SL. That's volatility.

You should not only rely on the percentage of your loss but rather on the price positions you will setup. Ideally, you should put your stop loss at price near the support and resistance which can see on the chart candles.

This is the reason why you always experience bad trading since you are using percentage on loss as sole basis for your stop loss price without considering the price position. You will always triggered stop loss if you are opening position away from support and resistance while setting your stop loss in the middle because the price usually don’t stop on insignificant price level which is the middle of high and low.

Stop loss in trading is very useful but major concern is how to use it properly. As for me i have most of the time bad experience with stop loss and i missed very good profit because of the stoploss. The coins sky rocket after hitting my stoploss and this happen with me many times so it force me to ignore the use kf stoploss but sometimes it save me from big loss too. I remembered that when btc crashed from 42k to 30k I was holding some altcoins in the Binance and set stoploss due to which I didn't lost big.

I think we should use stop loss with more than 30% loss because small volatility is possible everytime and sometimes btc just dump and then sudden pump to liquidate future traders and this sudden change in btc price leads to 20%-25% volatility in the altcoins price. If we put stoploss less than 20% than chances of losing is high. This strategy is for altcoins and for btc big changes in price are very rare

Since trading is very risky we need to make sure we use stop loses regularly or we might become a loser if the market spike up and could cover all our entire capital. Stop lose keep helping us to trade easily in the market without so much trouble and overcoming unnecessary loses.

The cryptocurrency market is very volatile and if we choose not to use a stop lose to trade in the market, we can suddenly end in loses creating a big lose if we enter the market with a big capital. We can only trade in the market easily when we are scalping because this does not really require a stop lose since we don't spend more than a minute in one trade. I'd we are unfortunate the market can go the contrary direction giving us loses.

Stop loss orders can be a bit tricky, because they don't guarantee our price is the stop loss target. In case of high volatility and limited active trading in your particular coin there can be a big gap between the price you wanted and the actual market price. When the coin drops below your stop loss your sale order is triggered, but it still requires someone to buy your coin. Also in case of a large number of stop loss orders there can be other people see their orders being filled first. That is why I am cautious in using stop loss in less actively traded markets. The risk of the stop loss being triggered in a big price drop is too high and could lead to a big loss if prices recover again. I would stick to using stop loss orders in very liquid markets and to make sure you constantly adjust the stop loss level to price movements.

This is very true, when you learn on your own to some extent,you will start having some strategy which is being developed by you. I know of a friend  who developed a snipe strategy it's  crazy right haha,don't let me dive into it . However, the main point is Learn till you create somethingnew

Yes, that makes a little sense, but maybe there are two people here, there are those who share their knowledge in exchange for money and there are also those who really value the knowledge gained from their learning so they are not at all interested in giving it away. to others. or even sell it. Therefore, I have also told my friends that it would be better if they did it themselves without asking other people directly, because everyone's way of trading is different and I really don't recommend you to ask anyone. I understand this is very difficult to do, I mean carrying out the process of learning to trade is very difficult, but I'm sure you can do it. Please, if you want to look for references from other people, don't overdo it, don't underestimate other people's mistakes because we can use them as reference material to avoid losses.

If you continue to learn on your own consistently, including learning from your mistakes, then I am sure you will be able to create various strategies that you think are accurate when applied to your method. And yes, that's right, apart from strategy, we also have to think about several other very important factors, namely trading planning, as you said, stop loss and take profit and also your psychological calm must be used because only that can help you to minimize losses. .

I will tell you that you need to learn not from those who want to teach you how to trade, especially if they want to get paid for it, but you need to learn from those traders who do not want to share their knowledge, I think that such knowledge will be especially valuable.

Each of us is able to develop his own strategy, or several strategies that will work differently in different periods, but there are a number of rules that we cannot violate, like stop loss. Yes, this is just one of many rules, but it can really save our money, so you should never neglect it, you should not make any exceptions to this rule, otherwise you increase the risks very significantly and in some cases you will lose control over trading.

Stop loss orders are a risk management tool and can help protect your investments from significant losses. They are commonly used in volatile markets to minimize the impact of sudden price declines.

If you have specific questions about using stop loss orders or would like more information about them, please feel free to ask.

Yes, that's right, and in my opinion it is also very difficult to be able to find or make a strategy that is 100% accurate, almost impossible, but for 75% accuracy there may be, even if for example you have a strategy that you think is very accurate so that it makes you spend most of the capital you have. have, still it's not that great, as you said the market is very volatile and no one can predict 100% correctly. So therefore every trader is obliged to have a correct trading plan such as stop loss and take profit, this is none other than to minimize our losses, and apart from that self-control is also very important there, because even though you may have a good plan, if something happens when you experience emotions due to loss, it is likely that you will experience greater losses or even experience MC. It is very possible. Something that is based on emotions will never work, therefore let us learn to further improve our mentality and psychology so that we can be at peace with ourselves in whatever conditions exist. Basically, no matter how good a strategy you have, it's useless if you can't control yourself, because once you win or lose there is no limit to what you can do to minimize your risk.

okay I might have misquoted  you I get it some enticing features 

You mean a more self-developed strategy that the trader has developed? because even a trading strategy is very accurate, it doesn't absolutely eliminate losses.

The stop-loss strategy was yet derived by someone before it was even added to some of those trading platforms for automatic use. Let's say, for example, that you bought a coin for $500 and your expected profit is $200 (total of $700), but after the price of the coin goes up a little and your profit becomes $180 instead of the expected profit, your profit begins to go down again because the price of the coin keeps falling. Instead of allowing the already-seen profit to melt away, you can just decide to stop the trade. Sometimes the strategy manages to help one earn profit, but not always because the volatility can occur so quickly.


I cannot really tell about that because I am not sure and haven't heard that those settings can be monitored and altered by those brokers. I know that sometimes some brokers can just add some features to entice users, making them think they can have more success, while it's just a trap that can even cause more losses.

The thing is there are no really accurate strategy on trading, it's hardly to have one like just what you have said, the market is very volatile. It's very hard to pinpoint the exact or accurate strategy to avoid losses. I agree on most of what you said since the it all boils down into minimalizing the risks as much as possible by finding strategy that can be use on the different kind of situations. One characteristic of a good trader from a new one is the agility of them to adapt to situations like minimalizing losses.

But from the average trade that I did, without using a stop loss it was very terrible if the price did not bounce, and the tone was drained, several times I got an MC, and when I checked it crazier, unless you have a small margin and money You are enough to back up the decline outside of your calculations, it's very good of course.

So maybe what happens to the intended stop loss is not purely from the market movement? There are some incidents that are engineered to take retail traders' money, I don't really understand this, but I respond to being negative about market players who have large capital.
Reading your explanation is quite terrible, but thanks for the tips to avoid it, it's very useful for me.

Minimizing the loss is as important as anything else in trading, there will be people who will make some mistakes here and there but as long as you trust it, you are going to be doing fine in the end. I do believe that you are going to end up with a good result one way or another, but that doesn't mean that you are going to end up with a situation that would be difficult and it would be a fine thing if you could end up with a good result.

I think it should be important to make sure that you are growing to be something different, it should not be that simple and you should be careful about what you are doing. Stop loss prevents big losses, and if you have it, then you are going to be ready for any kind of drop that may happen.

Of course, it is always a must-have for traders before they start, beginners or professionals must have at least a few strategies that are highly accurate, because that is what will lead them to real profits. Basically, there are so many things that we have to prepare when we want to start becoming a trader, not only money but mentally is also very important when you are there, and actually if we (traders) learn properly, I mean learning something that suits our needs then surely we will also have a good plan, I realize it is very difficult but it can be gradually learned. In trading it is quite difficult to find the right mentor because every trader has his own way, that means when someone has a strategy that is very accurate for him but it is not necessarily if someone else does it. I think different people have different ways of doing it. That's right, self-control is indeed the main point that must still be emphasized, do not let you be controlled by lust because obviously it will have a bad impact, and it is not uncommon for traders to experience MC there. So keep using any means to minimize your losses.

Yes I think brokers do have a setting for their trade endpoints  but how will one know if it not even mentioned by the broker or can we say it's a way for them to generate more profit as a company .I even heard some brokers  fold up after covid with millions.

We must have an accurate strategy even before we start trading, and in each individual transaction we need to understand what we are doing, when we should enter the trade, and at what levels we should exit the trade if the market behaves differently as we expected.

The main point is to minimize our risks, to reduce losses to a minimum, because there will always be losses, this is an inevitable part of trading, every trader will incur losses, but our main task is to minimize our losses.

It is a normal thing because you miss calculate it or your strategy doesn't work. You know a stop loss is where you intend to go down, meaning if the price goes in your stop loss, it goes the other way in your trade, and you need to re-analyze it. Just imagine you keep moving it because you thought it went another way but not because that is really the trend. It is better to have a calculated risk on which, if you are rich, you need to re-strategize where you will be putting your entry again.

While I was still carrying out Forex trading, the broker I used then had automatic settings for stop loss and take profit, and you would just need to modify them to the price at which you want the market to automatically close if your loss threshold reached the level you set it to. But when I was carrying out futures trading, I noticed that most of those centralised exchanges don't have any feature that allows you to set your price for stop loss; you have to do it manually. The market is sometimes very volatile, mostly if you are dealing with some unpredictable altcoins. So, depending on how fast the volatility takes place, your asset could even get liquidated before you can close the trade to stop the loss. You are even lucky that your asset was not totally liquidated, as you were able to stop the loss.

Futures traders and to those who do love to scalp on which this kind of tool or thing would really be that relevant on making use on which making your losses would be cut-off once it do able to hit a certain level on those

numbers that you had set on.It is really that relevant to those who do make out short trades but not for those who do have those longer holds types on which there's no way that you would able to recover one those things been hit.  You would really be soon find out on whats the relevance of these things whether it would fit out with your trading ways or methods or not. It is really just that depending on how you would really make use of it.
There are ones who do make use and there are ones who do make out that open trading on which if ever they do have that negative floating then they do simply hold their position.

You would be finding its relevance on the time that you would be making some short trades but if not then its not really that useful but i should say that even
on having not that trading type but you would really be needing to consider whether you do make use of it or not.

The stop loss is almost used by all the future trading trader irrespective of the liquidity.The more liquidity holding people will set the stop loss with more value,the trader with less liquidity will fix the stop loss before the closure of entire involved money.The most important one is you should not do normal trade when you was involved in the future trade.Because the money involved in the normal trade can be used for the liquidity for the future trade.So that the probability of winning from the future trade is possible one.

You’re assumption is correct too but you can’t set a stop loss that is way lower than your liquidation price since a big warning will popup or you can’t place the stop loss order since there’s an error.

My assumption to his case was he is using a cross margin trading instead of isolated while he removes some part of his capital that was supposed to increase his liquidation margin. This way, your stop loss can still be set way lower than liquidation price since it was place when the liquidity price is not yet adjusted to the updated capital.

Of course, using a stop loss is very important in all types of trading. I have often seen people who trade without a stop loss and suffer huge losses when the market or the price of that coin falls. Due to this we can minimize our losses. You are right we also save some of our money and get a chance to buy again at a lower price. This is the crypto currency market, what can happen next moment, no one knows, the market can go up and down. Whenever we place a stop loss, we protect our capital from further losses due to market fluctuations and consider ourselves safe. It has happened to me many times that I did not use a stop loss and I lost a lot of money, and many times I used it to protect my capital from a huge loss and I got a great result. The market never moves according to our will, often our analysis and predictions are proved wrong. So I think all day traders should always use stop loss all the time to minimize their losses.

I think what could cause this is when you don't have sufficient capital to take your losses when the price is hunting your stop loss and that could render it ineffective and the price could run over it. I don't know if you understand what I'm saying, this happens all the time when you don't have running capital to leverage on your loss. I believe that can be the cause of what usually happens in such case .

I don't know if you trade spike it mostly occurs while trading spikes ,haven't experienced it in other markets though in a spike market that's not too volatile  though

Stop loss is important feature  for trader not only spot trading but also in future trading, when using stop loss you still have second chance entry with lower price and secure few percent of your capital. Ever get bad position with trading future, I forget use stop loss and all my capital loss after getting liquidation. Can't predictable when market up and down suddenly but with stop loss feature we can manage well how to secure our capital than loss all.

But some time not effective with stop loss in Binance, ever when short position open in future trading my stop loss can't filled yet until all my capital loss due get liquidation notification.

In all my years of trading, I have never experienced such that my stop loss will be pushed down below what or amount I initially set as my stop loss, though the scenerio or chances is very possible, and like other people have explained, it mostly occurs when the market moves down sharply, based on what I have read about it, I think the best way to avoid such scenario is to constantly monitor the market even after having set a stop loss, though the chances of such thing happening is very rare,  but then , it still happens sometimes.

Volatility is what make the difference in the market. A project that has frequent volatility will attract investors and traders to always consider that can of coin as a good one for trading. There are so many projects that are trying hard to keep the volatility of there project steady so that more traders can find it more active and attracting which will increase the upward and downward movements.
Projects that do not have volatility are seen as a dead one or a ranging market. The difference in the volatility of a particular market is what will determine whether we are going to make profits from the market or not.

It is true but you need to make sure you set it at the right place and do not lose money. There are two cases where SL could be terrible, first of all if you set at the wrong place, the price could drop there and then bounceback to higher prices, which would leave you with sold and missed your profit chance, make sure you know the resistance and support levels like back of your hand to follow where you should put your stop loss.

Second version is the price going up too much after you set it, if you are not careful, your SL will be far away, but the price could go up and down in the future and you miss out on your profit chance, instead of making 100% return, you make a 20% return because you forget to reset your SL.

I get what you aid but the case her if have targeted an amount of loss in a trade incase market goes against me but instead it should be executed at the point of stop-loss it's being shift to incur more losses before trade finally closes

Stop lose and take profits is an initiative put in place to ensure you aren’t going above your trading plans as this aids you to keep yourself in check even in the event that your not focused on the charts which is presumably a bad idea and a very exhausting activity to carry out. The stop lose and take profit jumps into swift action to keep you off unendurable loose or safe guide you against your own greed in the event of making profit.
This makes it an awesome tool to be used by not just beginner but experienced traders to push where the instincts don’t let you.

Still, there are those who don’t or don’t let the activations do its job. It’s bad practice that develops into an uncontrollable behavior. You ought to be comfortable about the speculations from an analysis especially when it’s good then, you let the tools do it’s job.

The price protection feature is every trader wanting to use a trading platform should ensure that the platform has so that they can be protected from severe market movements and conditions. If a trading platform you want to use do not have the feature, it will be good that you look to use another trading platform to avoid slippage. Price protection feature is not only good for people who just started trading, it is also good for the long time traders who already have market experience.

I have read and many people said many things about this scenario and many said about liquidity and more things. You are the person that gave a solution to it and for people using binance platform. I have decided to visit this place to see if I can start earning from day trading. I have seen people complain about stop loss that it is a tool that makes them lose money. I was surprised because we all know that stop lose is there to help us stop or curtail our losses but I was surprised when I heard the reverse about stop lose. I know I have more things to learn and I will get them with time.

Actually, we don't always have to stick to the initial planning, sometimes indeed on the way there will be many unexpected things that make our plans have to be changed, that's not too bad and we could even turn things around.
There will be many scenarios that we can run and there will be many steps that will help to reduce the risks that will arise in the middle of the trade that we are doing to determine the stop loss point, it is beyond control or initial planning (these are things that may happen) or we could just do a stop loss like the initial planning, but I think both are not a problem as long as we know what is likely to happen and the risks we will face.

Yeah, probably I'm not getting you and I haven't experienced that. But if you've seen it and witness it, then so be it mate. 

I'd still use it if I'll leave it there for months and I'll be back just for assurance that I'll be able to cut loss if the market goes in turmoil.

Depending on your trade plan you should not move the stop loss below because it will further increase your risk if the market move on against your trade plan. In most cases you will keep the stop loss as it is,  in case the market move against you.  You will incur the loss and get out of the market.

If you want to dollar cost average your future trade then it should be a part of your plan before you initiate the trade. Stick to your plan and you will be safe from big losses.

For medium to long term trades, SL is not as common, although that doesn't mean it shouldn't be done. If the trade entry point is not chosen correctly, then the SL can be a lifesaver, since the price can fall very significantly and thus the trader can turn into a forced holder who will wait for the price to return to the previous level, much longer than planned.

SL is a trading culture and if you read the biographies of the great traders who have been successful at it, you will see that almost everyone used stop loss, so it is clear how important this is and what a big role it plays in risk management.

I don't think I'm the only person that have witnessed  this  besides I only experienced it when I'm trading  spikes . I already gotten some info's already base on liquidity  and brokers too ,I don't think you really get me sir

Stop loss would really be a border line on which this is only the amount % of your capital on which you are really that prepared for it to lose on the time that the market would really be going south
or totally opposite on what you had set out on which it would really be just that once those SL's been hit then it would completely be triggered and would stop or cut the line on potential losses
if the price would go down against further. Unlike if its just like that it would be an open trade then negative would really be going down deeper and which is something that we dont really like to see.
Usually this SL's are really that commonly used on day trades and futures but if we are really that doing some swing trades or weekly or monthly positioning before we do snip out profits
then it wont really be that necessary but doesnt mean that you cant use it. It would really be entirely be depending on your risks appetite or on how you do really take the market.

How that could be if you've already made a stop loss? That does mean that you've set your stop loss and removed it?

Because once you set your stop loss then that's the metric that you've set so that it will control and stop your losses. So how can it incur you more losses if you've done so?

And for a scenario for you to incur more losses is either you removed it or didn't set it. But as long as you set SL, you're good and won't make more losses.

I think that such volatility do affect the stop loss also. Volatility is not only in a particular platform or broker, it is global and across all depending on the pair that is volatile at the time. Of course if you are trading btc/usdt in a platform, whatever happens to the price volatility goes across the pair wherever it is traded except the exchange manipulate it

Usually, ,if you are using trading view you can use the Average True Range(ATR) to be able to set a good stop loss for you. Doing so would ensure that that if takes into cognizance the volatility of the trade. To know the true stop loss, minus the ATR from the stop loss you have set for yourself in the trade.

Many retail traders forget to or ignore SL and it ends by costing them there precious money because of liquidation. The market can be very unpredictable and volatile all of a sudden and before we realize our money is gone. SL prevents that from happenning. Big market whales use SMC to target liquidation from small retail traders. So it's alwats mandayory to use a SL. Even if you would still be at a slight loss after your trade hit Stop Loss it manages your risk and you could always make more profit from your next trade.
Remember,
No one is giving your liquidated money back. So manage risks and use SL always traders.

What do you think, that market makers will allow you win easily? Nah, not that easy. The big players know how to hunt SLs because they know where retail traders expectedly place their SLs and they want to sweep off those liquidity in corrective manner before heading to the same direction price was headed earlier. I said they know where most retailers place their SL because they look at Support & Resistance and wipe them off. That's what happened to you. To avoid such a scenario, what most traders do is wait for a break of the Support or Resistance level to place their trades and not place them exactly at that spot. Wait for a break and then place your trade.

You can't be sure that you will continue succeeding in such kind of trade. It is highly risky trading that way .


This is always the feeling when the price bounce you out on a stop loss and do a reversal to work in your direction but have you thought of if you didn't put it and the price continue against your order and finally close your capital? Always use stop loss, it is better to trade with it because you have the assurance to meet your remaining capital when you lose the trade.


I think spread is more likely to be the reason. When brokers or exchange adjust spread because of volatility, it can affect the range of your stop loss.

This is true but sometimes I’m not using stop loss if my liquidation price is very far away on the support. I only an amount to my margin that I can afford to lose so that I will just choose whether my position will liquidate or will profit.

I experience many time that my position stop loss triggered while the price action reverse after hitting my stop loss which will give me profit instead of lose if only I don’t have stop loss.

The best stop loss is prevention by don't touch shit coins and mintable tokens. Because mintable tokens can be minted by developers so if they want to scam and have their reasons to mint more tokens, they will do it.

They will not be harmed because they prepare everything behind the scene. Only investors who don't know why and when developers mint more tokens and dump on the market.

When they mint more tokens, stop loss won't be able to save you. If you exit, jump in again and more minting happens, you will lose more again. Terra crash and Do Kwon minting then dump on Binance is an example.

This is the problem with stop losses, which is a tool that is heavily promoted in trading courses but can and does fail in steep market declines, as BitMaxz explains. In your case it seems to have made you lose more than expected but at least you didn't lose everything. When a company goes bankrupt or a shitcoin goes to 0, stop losses are useless and you lose everything.

Trading with many trading pairs is like you are overdo your trading that is not good because you will more easily lose control on your positions.

Holding for investment is best. Trading with limited trading pairs is one of best ways for trading with Spot. You will not have to spend too many times to analyze many things for those projects you are trading with. By trading, your positions will be affected by news so you must follow up news as well that is time consuming.

If you trade and ignore news, it's not good as sometimes with fiascos like Terra, Celsius, FTX, you must follow up news to cut loss and reduce your loss.

Before you even enter a trade, decide how much of your capital you are willing to risk. This is typically expressed as a percentage. For example, many traders might not want to risk more than 1% or 2% of their trading capital on a single trade.

When trading with many pairings, your stop loss may be hit. Each currency has different levels of volatility, which is why the stop loss is usually triggered. As a result, you must investigate each pair in order to choose an appropriate stop loss size. The lower the wicks, the smaller the volatility. The more the volatility, the greater the wicks. So, if you want to be safe, choose a pair with low volatility, such as Bitcoin, which is ideal for scalping.

I used to experience this scenario, It has both positive and negative effects on your trading, meaning if this scenario were to be that the price hit your t.p level, it would, in the same way, add more profit to your portfolio way above your take profit level, and it usually occurs as a result of a huge spike in the price of an asset when the market experiences high volatility in the price.  

Therefore, to resolve this, and if you are using the Binance platform to trade, there is a button that Binance added to their trading platform to solve this problem which is called price protection, This prevents your stop-loss and take-profit setup from going way above the set price level,  you can make use of it by switching on.

stop lose is one of the most important for traders, especially when you are in futures trading, before you set your entry, don't forget to put a stop lose, you can liquidate all your money without it, I just advise here always set a stop lose or else your money will burn, put a stop lose on what you are ready to lose

And another thing about is sometimes your stop loss is your entry price.
There are a lot of times when the stop loss is being hunted with candlestick wicks. I think also it is because common place where stop loss is placed, so traders for sure will drive the price on that or wait before they enter the price.

Overall, it will depend on your trading style, like your risk management, risk:reward ratio, how much you are willing to lose for that trade.

When the market is at extreme levels of volatility and the market crashes then Stoploss will not actually save you much from losses if there is not enough liquidity in that exchange. If your stoploss trigger is not enough liquidity in the orderbook, then the order will not be filled at the price you set the stop loss at, but will be filled at the price below that, at the price that the order comes in the orderbook.

Members have already given you enough important information, read those contents then you will understand yourself how stoploss actually works.

What you enquire about is generally referred to as "Slippage," it's a situation in which the requested price is different from the execution price. This could happen during thin market liquidity or when the volatility is high. You should plan your trades better next time.

However, it's not a condition that should persist, some brokers/exchanges use this to scam clients under the guise of slippage, so if this persists, you might want to change your dealer.

Thanks for this combo sure to try it out

Stop loss order is one of the best weapons in trading but it can fail if the market has very fast movement like crash or worse Cascade effect that is more terrible than crash.

You can consider another order that can protect your capital better than Stop loss order. It's Stop-Limit Order: What It Is and Why Investors Use It

Binance What is a stop limit order

Video How to use Stop limit, Stop loss orders on Binance

Aside from Bitmaxz explanation.

Probably, There’s no enough liquidity on the exact price that you set up for your stop loss that forced exchange to marker order your position to the nearest available liquidity.

For example you stop loss at 1.5$ while the next price with liquidity during the price spike is at 1.4$. Stop loss will just trigger your sell/buy order as market order when the market price trigger your set stop loss price. It doesn’t mean that your order will keep selling on the price that you set on stop loss. It still depends on the available liquidity on the orderbook.

Usually, it's due to price spikes your stop loss might be triggered at the worse price during these sudden price drops.

Or it might be due to the "Bid-ask Spread" If you want to know about it Binance has a good explanation about this below.

- https://www.binance.com/en-NG/feed/post/588182

 I had some scenarios of my stop loss being pushed down a little bit incurring  me more loss what could be the possibilities.