Stop loss ? | Bitcointalksearch.org

tvplus006

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Quote from: Sophokles on March 03, 2024, 03:07:59 AM

The most useless features for a spot trader and the saviour of future trader. A spot trader don’t need stoploss because he can do DCA to lower his average buying price and close his position in breakevens...

You cannot be sure that after you become a DCA, the price of the coin will increase and you will have the opportunity to sell it at breakeven. It may happen that before you sell a coin at the purchase price, you will have to hold it in your wallet for several years.

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Quote from: Sophokles on March 03, 2024, 03:07:59 AM

The most useless features for a spot trader and the saviour of future trader. A spot trader don’t need stoploss because he can do DCA to lower his average buying price and close his position in breakevens. But for a future trader it can save him from liquidation. I don't know any spot trader who uses stop loss except those who trade scam token for short term profit.

Yeah I agree and at the same time, having stop loss easily is not the way to go, if you keep doing that on a bull run period you are not going to really get any benefit from it. I mean look at the price, it keeps going up and up, what's the point of having a stop loss when it's keep growing like this? You should probably find another way, I do agree that trailing stop loss is a lot better, a lot of the bots have that.

I believe that the best thing to do right now would be just making sure that we are going to end up with a good profit making scheme that would benefit everyone, it shouldn't really be something that would take time. This should be something that would not be all that easy to handle, a lot of people are trying to figure out a way to make it work one way or another.

Sophokles

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The most useless features for a spot trader and the saviour of future trader. A spot trader don’t need stoploss because he can do DCA to lower his average buying price and close his position in breakevens. But for a future trader it can save him from liquidation. I don't know any spot trader who uses stop loss except those who trade scam token for short term profit.

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Quote from: Richkiedx on November 24, 2023, 10:16:28 PM

how do you use a stoploss

Depends on which platform you use. The use of stop loss is usually used by traders to minimize losses by setting a profit target above the purchase price that is not too high. Based on my experience, the profit target is not too high as I want from the orders I place.
If my explanation is a little complicated, it's because I'm not a native English speaker. So please understand.

I noticed that there are many explanations and various ways to use stop loss here.
In conclusion, in my opinion, the use of stop loss is to control the risks involved in the trades carried out.

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Quote from: Patrol69 on February 23, 2024, 08:39:29 AM

This feature is generally used in futures trading, but not everyone uses this feature. If I do any trading I don't believe in selling that coin at a loss rather I am willing to wait. In the case of using stop loss, it is usually seen that if a coin falls below a certain limit, that coin will be sold by itself. I don't give up until I have a dollar in my wallet because if the market goes up again when I have a dollar left in my wallet, I will recover my entire money. Thinking this way, I usually don't use the stop loss feature.

Actually, Stop Loss is not only used in Future trading. Even in regular spot trading, this feature can be used. It depends on the trader himself, whether in Spot, they only buy for holding purposes, or whether they are day trades or short term traders which have lower risk. Because one of the functions of SL/CL is to prevent increasing losses.

Usually, we already understand the losses we can handle in an open position. And with SL/CL, we can regulate the extent of loss we can handle. especially if we use day trades, this will be very useful in both Spot and Future trading, in order to reduce higher losses. Because at least if SL/CL has been installed, we are ready for the losses we will face. Moreover, if after opening a position, we find that we cannot monitor market developments for some reason, then SL/CL and also automatic TP can really help.

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Quote from: benalexis12 on February 29, 2024, 10:26:42 AM

..Because here in the crypto space, stop loss only refers to traders who use futures trading, margin or leverage, derivatives, and perpetual trading. And if that is not done, your funds will quickly disappear from the trading exchange.

I think you are mistaken, since stop loss is used not only in the markets you have listed, but also in spot trading. This is a very useful tool, using which you can buy back a coin at a reduced price, in case of an unexpected dump, by placing a pending purchase order below the set stop loss level.

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Quote from: |MINER| on March 02, 2024, 04:31:20 AM

Most people suffer losses in trading because they don't trade by following the rules of trading.There are certain rules of trading.First of all you have to be very patient to start trading.Be content with low leverage.Can't expect much profit.Avoid multiple trades.And among those who are new, many of them invest money in trading without knowing the correct rules of trading and they face losses.Trading with profit and loss.But everyone should trade with caution.Trading is hard enough. Loss prevention is not possible if you trade without acquiring sufficient knowledge.

Yes diverting from basic is the reason why many traders end up losing it all and some don't even know the basic rules of trading as they just think that they can gain by buying when a coin drops assuming that it will surely rise again and the worst part is the use of future trading bit high leverage. No one can be a perfect trader as everyone goes through ups and down but atleast a perfect trader knows what he/she is doing and he/she know the risk ratio thus don't inflict huge damage to their portfolio, hence it's important to gain proper knowledge on trading before entering it and demo trading account are the best options to try your trading strategies so they should first learn through demo trading and then once they are good they can enter the spot trading and I wills till not recommend future trading.

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Quote from: Volimack on February 29, 2024, 12:43:31 AM

The most important thing for a trader is to accumulate and save trading profits. A stop loss order is a protective tool used to prevent further losses. Stop loss will be the right decision if there is a possibility of serious loss in the market. As we can see stop loss is really essential for trading. If we work in the stock market without using stop loss it seems that there is a possibility of going towards loss. So we should always use stop loss.

In as much as the market is volatile, there's always a possibility of serious losses. So, it is best to always use the stop loss during trade, unless you are sure you will not leave the screen. You will just watch the screen manually till you get results. What then will be the essence of using the manual method if you can automate it.

Quote from: tvplus006 on February 16, 2024, 05:59:33 PM

Quote from: boyptc on November 25, 2023, 08:30:28 AM

...This is why I don't like trading, I let it lose if I'm holding because eventually it's going to recover without doing anything and no need to be pressured by the market.

Not all coins recover in price to the level at which they were bought, and there are plenty of examples of this. And for other coins, you have to wait several years for the price to return to its previous value. So in my opinion, it is better to sell and buy at a reduced price than just expect another bull run.

The best advice so far and would have been the best for me if I applied it to Shiba. Instead of me to sell and rebuy at a lower and discounted price, I held on for nothing till now.

|MINER|

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Most people suffer losses in trading because they don't trade by following the rules of trading.There are certain rules of trading.First of all you have to be very patient to start trading.Be content with low leverage.Can't expect much profit.Avoid multiple trades.And among those who are new, many of them invest money in trading without knowing the correct rules of trading and they face losses.Trading with profit and loss.But everyone should trade with caution.Trading is hard enough. Loss prevention is not possible if you trade without acquiring sufficient knowledge.

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Quote from: Richkiedx on November 24, 2023, 10:16:28 PM

how do you use a stoploss

Stop loss, where? What are you referring to? because there is something wrong with your question. Why? What do you think about the forum community here? Are there fortune tellers who can read your mind? I'm just asking you that.

Because here in the crypto space, stop loss only refers to traders who use futures trading, margin or leverage, derivatives, and perpetual trading. And if that is not done, your funds will quickly disappear from the trading exchange.

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Stop loss is already built-in with the exchange or trading platforms this serves as an automated stopping loss to the traders so they don't get burned with the market volatility, most of the trader just setting an amount or percentage of the loss so the platform already make a position and once hit touches the designated amount they can now close their current trades. In what particular platform you are using OP so other members have an idea with your concern.

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Quote from: ajiz138 on February 27, 2024, 11:22:48 AM

Using a stop loss is wise to reduce the risk of loss. This is widely recommended especially for those who are still in the learning process. And for me not only stop loss should be done, but also take profit is something that should be considered to do. Because it will also minimize us being greedy because we want to get more profit.

A stop loss can also help you take profits too, stop loss most not always be below your entering point into the market which is your buying price. Putting your stop loss is a good way to prevent losses because stop loss helps to get you out of the market when the market is dumping so you don't lose much. Professional traders are using stop loss and they'll always advice you to do the same because of the volatile nature of the market. If you're a newbie and still in your early days of trading, you shouldn't joke with your stop loss. It's the most important thing to always have available in your traders. You can always adjust your stop loss so you don't get removed from the market if you have plans of holding your position longer.

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The most important thing for a trader is to accumulate and save trading profits. A stop loss order is a protective tool used to prevent further losses. Stop loss will be the right decision if there is a possibility of serious loss in the market. As we can see stop loss is really essential for trading. If we work in the stock market without using stop loss it seems that there is a possibility of going towards loss. So we should always use stop loss.

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Quote from: doomloop on February 28, 2024, 02:01:24 PM

Yes true, of course there are downsides to it, many people fear that if they put the stop loss at the wrong side then they would end up with the price hitting just at their stop loss and then bouncing back up again. That would indeed be very bad and there is nothing wrong with that and I agree with it, but what are the odds of that?

This is the reason why some of the experienced traders would always adjust their stop-loss when they see the price coming close to it but they know that the price will bounce back very soon because they understand the market. So what they do is they drag the stop-loss lower, let the price have its correction, and as soon as the price starts bouncing back, they keep readjusting the stop-loss along with the price going up and they keep doing it until the price keeps going up to have as much profit as possible.
This practice isn't easy though and only an expert of the market can do such things because if you are not experienced, you may end up incurring more losses because the price won't always bounce back.

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Quote from: ajiz138 on February 27, 2024, 11:22:48 AM

Quote from: the rise on February 26, 2024, 04:50:57 PM

I use stop loss to target losses when the price drops drastically when the price of the coin I bought is very volatile with fast movements, use stop loss to reduce the risk of loss, I only use stop loss in certain circumstances because I only trade in front of the PC, I stop when not in front of the PC

Using a stop loss is wise to reduce the risk of loss. This is widely recommended especially for those who are still in the learning process. And for me not only stop loss should be done, but also take profit is something that should be considered to do. Because it will also minimize us being greedy because we want to get more profit.

Trading is indeed better done during leisure time and we can focus on the PC or something else, we can focus on seeing price movements that allow us to predict better in which direction the market will move.

Yes true, of course there are downsides to it, many people fear that if they put the stop loss at the wrong side then they would end up with the price hitting just at their stop loss and then bouncing back up again. That would indeed be very bad and there is nothing wrong with that and I agree with it, but what are the odds of that?

The second part is that lets say that the situation will not be all that easy, there is a big difference to it and that should be the important part. I feel like there is something to be done with this, and we are going to end up with a good return if we can sell with stop loss, the price keeps going down, and then we are going to end up with even lower stuff where we buy it cheaper.

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Quote from: SolutionManager on February 23, 2024, 10:26:13 AM

1% of the trading deposit

The stop loss value should be indicated not as a percentage, but below the support level when it comes to a long position or the resistance level when a short position is open. Therefore, it is necessary to open your positions closer to these levels so that the stop loss value is minimal.

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Quote from: SolutionManager on February 23, 2024, 10:26:13 AM

1% of the trading deposit

Aiinnn.. I mean what, I cant get it is ou referring to 1% fo total capital or 1% of the total margin in the trade, buddy this can be said as a very tight stop loss and this is going to hit in every trade haha, and be ready to book the 1% loss in every trade because you are not providing any room to trade to be executed ina little volatility, it's more like binary trade haha, in which your entry is your stop loss and trade point (A mark on which trade success or failure will be decided if you shorted and its below you won and vice versa).

Stop loss is a risk management tool which helps you in the volatile market and provide a safety zone to your trade, 1% like really its not a zone, need tor consider it.

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Quote from: the rise on February 26, 2024, 04:50:57 PM

I use stop loss to target losses when the price drops drastically when the price of the coin I bought is very volatile with fast movements, use stop loss to reduce the risk of loss, I only use stop loss in certain circumstances because I only trade in front of the PC, I stop when not in front of the PC

Using a stop loss is wise to reduce the risk of loss. This is widely recommended especially for those who are still in the learning process. And for me not only stop loss should be done, but also take profit is something that should be considered to do. Because it will also minimize us being greedy because we want to get more profit.

Trading is indeed better done during leisure time and we can focus on the PC or something else, we can focus on seeing price movements that allow us to predict better in which direction the market will move.

the rise

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I use stop loss to target losses when the price drops drastically when the price of the coin I bought is very volatile with fast movements, use stop loss to reduce the risk of loss, I only use stop loss in certain circumstances because I only trade in front of the PC, I stop when not in front of the PC

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Quote from: boty on February 23, 2024, 08:25:46 AM

Quote from: Romeotom on February 19, 2024, 01:02:46 PM

I am very weak in trading so i am more motivated to make profit from investment. Actually a defensive trading tool that can reduce any trader risk in trading positions. On the other hand it is the trader himself who should monitor the trade and then you should act accordingly. I would say if you are looking for trading help review some articles from this forum and you will get a better idea. Just as no technical issue will work in gambling, I think trading will only make you profit with your experience

Being aware of the potential we have and choosing to avoid not trading so as not to experience losses in trading will certainly be better and this will not result in the money we have being lost in vain because we don't understand trading well, those who trade certainly You have to monitor the market so you can use strategies in trading to make a profit and you have to do it without rushing so you don't make the wrong decision in trading.

In this forum there are many things we can learn and if we understand and we can try it with the capital we have with the many experiments we have tried, of course we will be able to easily gain experience and profits and also minimize losses.

Actually stop losses would really be just that recommended on the time that you would really be dealing up with futures trading or something in having with short/daytrades or scalping.
But if you are someone who do make out some spots trading or even holding for long term then it wouldnt really be something necessary i should say but if you are really making those trades
with having liquidation then it would be always best on having that stop losses. Even making yourself getting engagement with those meme coins or shitcoins too on which this is something
relevant too based up with my own experiences into dex trading as well.

You would be finding out yourself to be making use of SL's on the time that you would really be having that tough situation specially if you do look
that the price might be going down but of course setting out these tools isnt something that easy to be done as well where there would really be those considerations too.

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