Topic: Stop loss ? (Read 832 times)

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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

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.

1% of the trading deposit

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.

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.

For this one, I did it on the futures market. Because I do more daily trading on the futures market. And stoploss + is useful to use when the trading pair we are entering still has a technical upward trend and when the initial profit target that we have determined has been met and the price has exceeded it, then if we still see an upward trend it is possible to occur and we do not want to release the position and Still hoping for more profits, we can shift the stop loss which was initially prepared to control losses to a stop loss to secure profits. I find it hard to explain. But this strategy can only be used on trading pairs that sentimentally and technically still have an upward trend. Like when trading volume is still increasing and there is no visible weakening. So this technique sounds like greed but it is only used to secure profits without having to close our positions in the market. For the spot market I rarely use it. Because of the spot market, I usually use large capital, so I choose to follow the results of analysis and planning that have been made carefully. especially fundamentally.

op You have to decide first which platform you want to use then we can give you the right information. It totally depends on your investment which platform you want to invest in. You must have enough knowledge about that platform so that you don't lose your money by investing. So you need to invest stoploss patiently.

You should make it a rule that the stop loss must be moved if the price moves in the direction you want. In this case, you are guaranteed to get a profit even if the price unexpectedly drops. In addition, you can not fix your profit in parts when the price has increased sufficiently, but simply move the stop loss, waiting for the price to increase even more.

Why shouldn't that be possible? It is basically a "take profit" where you simply indicate what profit you are already satisfied with ... even if the price is even lower than your target with a classic take profit.

By shifting the limits as he has described, you will definitely exit with a profit. You just have to be careful not to set the limit too close to the current price, at least not with cryptos. These usually fluctuate quite strongly during the day, so a 5% limit may already be too tight, especially with altcoins.

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

Hi fellows and for my first experience with the 6-word topic, Also you haven't mentioned any context to your question, so how can we efficiently answer you because we dont now if are you asking generally or ina  context of a trend or in any other specific context. Maybe some of the fellows will guide you about stop loss and you already know about them because you haven't mentioned your expertise here. I didn't use the tight stop loss in the answer to your question as simple as the question was, here the simple answer is. Haha In detail when the market moves in a specific trend you dont need the tight stop loss, yeah but you should always consider the tight stop loss in the volatile market to avoid most of the loss.

In the against trend you should not use the stop loss because it's 99% proven that it will triggered.

   

I don't know whether op is practically asking how to use stop loss, like he doesn't know where to find the function in an exchange. If that is the case, all you need to do is to read from the particular exchange you are using as many people have recommended. Just like the programmers depend on documentations to succeed, you need to read how different exchanges implement their tools.

But in the other hand, if the Op already knows how to use SL, but was only asking advanced ways to use it to put smart the market. Well, he needs to ask the pros. Iam not a good trader and I have been lazy to advance myself. But when I was trying out my hand on trading, I had some issues with SL and ended up not using it again until I stopped trading.

My experience with SL was horrible. It happens as if someone is always watching me, whenever I set my SL, it doesn't waste much time to trigger, but after that, the market will reverse and continue to green. It has happened to me multiple times. I then decided to stop using the SL and then, the worse happened.

I don't think such a trick can be done. I usually only use it once and leave it. Do you also use it for spot trading? or is it more suitable or better used for futures trading?
I don't trade regularly, but I always set a stop loss for the target I set. This feature is very helpful for traders, especially for those who are just learning to trade or are in the early stages of trading.

Of course, you may not use a stop loss, but I am sure that after several liquidations you will reconsider your decision, because it is easier to lose a part than the entire deposit. And given that the cryptocurrency market is highly manipulative, it is very difficult to predict that, despite the positive news, the entire market should be dumped.

I use two ways to use stop loss. Firstly, I use a stop loss to limit my risk of loss. and the second is that I use stoploss plus, namely a stoploss that is placed when we are already in a position to make a profit. I shift the Stoploss which was initially at a loss point of -1% to +1%. In this way, I manage the risk of loss and also ensure that I don't lose profits when the price suddenly drops again when my position was initially in a position to make a profit. Because Stoploss is closely related or part of risk management itself. But how to use it must be adjusted to what type of trading we use. Whether scalping, swing or long. Is it spot or future. Everything has to be readjusted. But the most important goal is to ensure that we do not experience losses beyond what we can afford.

One of it is to stop when you're at loss. 
This is for short term investors and day traders to be applied. If you want to stop loss, it's very easy. You have to track your trades and investments everyday. If the price doesn't go along your goal and target before selling, don't wait for too long until the losses gets bigger.

If you are confident with your trades and you are seeing high probability to be in profits, using stop loss may not be needed anymore. However, not all traders are confident with the outcome of their trades, and some are still first hand traders so most likely, if they want to cut their prolong losses, using stop loss will be beneficial. That is also one way to lessen the risk in trading.

Furthermore, using stop loss is not compulsory. You can chose to apply it or not, that depends on how you evaluate your trading capabilities and skills. But I suggest if you are still not used with the market's sudden price changes, it's better to apply stop loss while trading.

What do you mean by how to use or strategy? if the method of use is quite simple and you can read it on the stock exchange you use, but if you ask about strategy, you can use a stoploss with a risk that you can accept so that you don't lose more if your prediction is not right, if you are afraid of risk it is better to do both stop loss and Take profit

Well, not everyone manages to neglect the stop loss for several years and at the same time make a profit. It is obvious that they have not left the terminal all these years and can close a position in a timely manner if they see that the price is moving in the opposite direction to expectations by 20-30%. For others, it is correct to adhere to the risk management strategy and set a stop loss to reduce their losses.

On the time that stop loss would really be that relevant is on the time that you are really that dealing up with the market in short trades or simply whether those who do get involved with day trade
or futures or with those who do make out some scalping on which i could say that it would really be that something useful but for those who do make out some spot trades then i dont see for it to be much needed or something that would really be considered on using so. This is why it would really be that best that you should really be that tending to make use of it when making use of short trades on which
on the time that you would be able to hit up those SL's then it is something that couldnt really taken back and this is really just one main issue, not unlike on dealing up with
having no SL's is that you could potentially wait up for the price to recover once again.

There's no such thing about trigger with those orders specially if you are really that making yourself going for long term on which you would definitely be having those kind of holds.

And why do you think it’s a must to make use of stop losses if you are trading? When trading, stop loss is optional, you can decide to make use of it, or you can just leave it, it’s a choice. Some people have been trading for years, and they never made use of stop loss in their trades before, and things are really going well for them, and some people are always making use of stop loss in all their trades to reduce lose, so it’s just a choice.

How will stop loss give you a high chance of profiting in a trade? All I know is that stop loss will help you cut the loss in your trade in case the trade goes against you and you are not online to monitor your trade, but I don’t know how that will give you a high profit in a trade.

Although the use of the stop loss feature is different between platforms, it is used in a similar way on many platforms. In order for us to be able to help you, I think it would be better to specify which platform you would like to use this feature on. To give very brief information about the stop loss feature in general;

A stop loss order is an order sent to the broker to sell a security when its price reaches a predetermined level. It is often associated with long positions. An investor in a long position has invested in a security and holds it. If the price drops to a certain level, stop loss will be activated and the position will be closed by selling the relevant security.

A stop loss is part of a trading strategy, but there are strategies that do not involve a stop loss. For example, if you are entering a position in several parts, then you do not need a stop loss. You will simply lose your deposit little by little. I would say stop loss is most commonly used in trend trading. There, stop loss is an organic part of the strategy. When trading with a trend, you enter an asset only after it has started to move. In the case of spot trading, as soon as the coin began to rise after a local bottom.
        But if you are trading against the trend, then usually the relevance of the stop loss is lost. It is replaced by averaging.

When you start trading business you must use stop loss but face less loss. If you use this method of investing, you will face very few losses and have a high chance of profiting. However, you cannot stay inside the market all the time, so if you use the stock loss, then when the market goes to that level, you will definitely sell the coins according to your profit. However, you can use a stop loss on the exchange you are in This will reduce your risk.

that often happened, people with stop loss thats not too far from the current price will definitely lose, the market always presenting us with sudden market pull back that causes people that trades future with high leverage and those that have small distance stop loss to be liquidated, its always like that that I also have learnt that no trading method better than spot since loss recovery is easier just to wait it out unlike derivatives.
but stop loss in practice for general people is a good practice at least if the market suddenly have reversal and it was sharp enough you know that you're not losing anything more than you can tolerate.
lack of using stop loss might incurr massive loss, imagine the collapse of terra luna and ftx, who would've thought? nobody predicted it, but stop loss certainly helps at that time to prevent us from further losing.

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.

I like with stop loss feature and my limitation using stop loss when coins dropping under 20%, its not much problem for me have losses 20% of my capital because I can buy back with lower price and get recovery with my losses as soon possible. Long term holding some time not profitable yet exactly for short term holding, if not use stop loss get more longer time need waiting with our capital recovery but stop loss can be alternative how faster recovery with our capital.

Many trader get difficult choose have to stop loss exactly the current coins price drop drastically, I think difference when using stop loss under 20% and coins up recovery still has chance get faster or potential earn much profitable than keep hold it.

Stop loss is used to reduce or limit your loss on a trade,but it most be align with your risk appetite that means you risk what you can afford.
It is mostly placed on the ERL or below the OB or from a zone price react.
Stop loss is a good practice..

A stop loss is a trading function which can be used to automatically sell your crypto/stock when the current price goes beyond a certain number. Traders use this to manage the risk of unexpected price movements. Basically it does as it sounds: "stops loss".

But I have found that stop loss is not worth it in most cases, in the world of cryptocurrency. Because cryptocurrencies are just too volatile. You will just be losing money if you put stop losses without a big enough spread, because even Bitcoin can go up/down 10%+ in a matter of minutes....

The price of market continuously pumps and dumps therefore setting of stop loss can help to decrease your losses as if you set some order then you will not see more dump than settled value. Sometimes you don't know that what you have to do because you don't have any idea about market condition so in such situations only stop loss can help you to reduces your losses otherwise your coin will go to zero worth and you will loss all your money.

Short term traders often uses stop losses as nobody wants to loss whole part of their money but those who are new to market will have no idea of stop loss setting therefore it is must to know all the things about trading before Initiation.

The way to use stop loss is actually probably almost the same from one exchange to another. However, to be more clear, you can read articles from the exchange you use so that your practice and understanding can be more specific. In this case, there are several ways to use SL or CL. Now what you need to pay attention to is your ability to analyze the market, how far the market will move and the possibility that it will not match expectations. So we can predict at what rate we should install SL, or in what percentage we should take into account. Because it's not as easy as just putting numbers on the SL.

Sure we all need stop loss when it comes to trading .I remember when my account was blown away in a few minutes during the BTC dump in 2021 at that time i was a newbie in trading don't know the importance of stop loss or how to protect my capital at all. From that time i learn the concept of stop loss and apply it to all my trades now to secure my capital.

True, if you look into his profile, you will see most of his created topics only consist of 1 sentence and a direct question, but the thing is, they lack information. At least he provides information on what platform he is using so we can say how to set up a stop loss elaborately. Anyway, setting up a stop loss is easy. When you are about to open a trade on some trading platforms, the stop loss and take profit are usually at the bottom of the screen, and they are side by side. Setting up stop loss and take profit should be calculated because you can't set up a stop loss and take profit with a big difference or huge gap. Also,  setting up a stop loss is not always necessary in trade. If you are a short-term trader, then it is unnecessary to use a stop loss, but it depends on the trader, of course.

You can just set-up this every time you trade and know if this feature is available in the platform you are using or you can just do this manually. Having the stoploss strategy can prevent you from losing that much and this is really advisable for every trader so don’t trade without having this. Even if you do long term trade make sure to still have this one and don’t be greedy, you might get trap if you didn’t follow your stoploss level.

Stop loss is a very effective and profitable tool most used by every trader, whether he is a beginner or a professional because there are no harmful effects of stop loss but instead there are many benefits of using it. Stop loss is like a barrier that you set for something to not contain and restrict it from the area.  Let me explain it through an example,  When you are going to trade for 100$ and you know that the price will go up to 170$ and you don't want any loss if the price goes down,  so you can set your stop loss on 100$,  so if the price goes down and reach to that limit it to automatically stop the trading and will save your find from further loss. 

That's a very raw question because stop-loss isn't the same in all the exchanges and some don't even have that option at all.

If you are asking should I use stop-loss?
I would say yes because the market swings wildly and you better have some safety in place.

Are you asking what is stop-loss?
Well, in simple words, a safety in place if things go south. For example, if you have a coin that overnight gets zeroes, you can set a stop loss price, at which it will get sold out.

Stoploss actually limits us from giving the opportunity to trade again at another opportunity, because by cutting losses, we still have capital to make the next transaction. and keep in mind that there will be many more trading opportunities to be found. indeed logically we can take a stop loss risk of 5%, so if we experience consecutive mistakes for 20X then we run out of funds, and of course 20X is a lot of opportunity, in this way the possibility of running out of capital becomes smaller

If you are dealing in Bitcoin or Cryptocurrency. So it is impossible for you to avoid risk. In any business there is a possibility of loss. However, this loss can be reduced by various measures and by adopting a cautious attitude. You have to come out of grease for long short.Another way to avoid and minimize losses is to implement a phased approach to the business. And keep some capital for your future business. So that you don't face a severe loss. However, it is impossible to avoid losses completely.

Yes that's right. This is directly related to money management trading. If we use a stop loss but our margin and leverage in one trading position are large, it's the same as lying, especially if we trade without prior analysis and just enter, I think in this case the stop loss functions as a loss-making tool. However, this is different from if we carry out an in-depth analysis before trading, plus minimizing the amount of margin and leverage, for example the margin used is around 5% of the total capital and the leverage is 2x - 3x, then the stop loss can work perfectly. When placing a stop loss, you must also pay attention to the levels of Bitcoin price movement, so that if a price movement occurs it does not trigger a stop loss which in fact, the price direction is still in a continuing trend according to the analysis plan (perhaps using Fibo can help in determining the stop loss point)

The amount set in stop loss is the amount that we accept we will lose, just in case our trades didn't go well or the price didn't go as we expected. Stop loss is only just a feature or a tool in trading but futures trading is another variation of trading, so both are not the same or related to each other.

The market itself is only unpredictable but the risk intensity will only depend on what we do. Well if we do trading, especially the futures one, then there is no doubt that the risk is greater than if we will only do a long-term investing. Other than using a stop loss and setting it on a moderate level, it is also better to use funds which we can afford to lose easily.

To what I see yeah, this O.P basically knows how to use stop loss, let's say he wanna get the attention of members and probably boost up his activities in the forum, which is not a bad idea to me but the o.p asking the question should elaborate the topic more than just throwing a question at us.

Yes. I think stop loss is a very necessary thing in trading. Before 4 years, I don't use a stop loss or even don't know about stop loss. My whole account is liquidated because of high leverage. And I feel imbrassed because I lost all my money in a single trade.
And this thing realize me about the importance of stop loss.

stoploss is used to anticipate a reversal of the market reaction, its use is in accordance with the analysis that we believe in, I usually look for support or resistance as a defense area, and don't forget to give it a distance, because often the market just grabs the stoploss and returns according to our analysis path, so from Of course, many people feel like they are being manipulated by the market

Stop loss is using due to your brain strategies for example if you are thinking that your buying coin will not chase the target price so you can use stoploss actually the stop loss is using due to save from big loss just use the stop loss where you can save your self from loss I many time use stoploss but some time they ruin the stop loss because from market situation but now market is good

Tons of videos that i do saw about how to use stop loss specially on crypto.
These are the only ones i do see for me to easy to understand (for me).

https://www.youtube.com/watch?v=v3qqpN4mAr4
https://www.youtube.com/watch?v=g1TQpE6Y-Pw

Yeah, same person but different timeframe but the same topic. Stop loss would be that only relevant if you are really that making some price action or day trading
kind of path when it comes to trading on which it will be needed for you to set SL's if specially you are dealing with futures or higher leverage
or even on typical spot position, you will be finding this to be relevant.

To start with stop loss helps to prevent financial loss. Stop loss is an order that is associated with an open trade or a position in an open market. It is designed to get you out of a losing trade at a predetermined level or predetermined financial amount to prevent any further loss. You should use it as a beginner and a very important benefit is that it protects you from unforeseen events that take place in the trading space. Also setting a stop loss gives you control over the risks inherent in a trade.The way to use a stop loss is to place the stop loss where you don't expect to get stopped out. First view the market using a top-down approach. Using a chart, draw in your key levels of support and resistance because that is what will form the basis of where you place your stop loss levels.

Regardless of what exchange you're using, the purpose and the process of using a stop loss remains the same. let me walk you through.

When you're trading futures, there's a tendency for you to burn through your whole wallet's amounts in order to satisfy your trading position, and when this happens, you're going to be left with nothing, and unlike investing you'll have nothing to sell for either since this is a call you made for a crypto, not a purchase itself.

Now, to counteract this eventuality, you're given the chance to set and execute a certain amount/value that would trigger your trade position to stop immediately, as soon as it reaches that amount. That's your stop loss. It literally means what it says on the tin, it stops you from incurring more losses.

Now, the process may differ from exchanges but for the most part, when you're trading futures you're going to be given the chance to set a stop loss amount in the same interface where you're locking in your trade. Be very mindful of using it so you don't lose all your money in one go.

Most newbies get it wrong when they trade.

They thought that they just have to leave their trades without this feature. But they have to set the stop loss for them to be able to at least mitigate the losses that they might incur.

It's true that stop loss reduces the risk that you're about to gain when you're not in favor of the market. A trader should always anticipate that he might lose his trade.

I think OP is asking how to set stop loss rather than when to set stop loss. Basically, OP is a newbie with no knowledge on how to set things up with the exchange he is using so he is asking us how to set a stop loss. I believe he doesn't have any experience in trading, so best for OP to learn is by doing it, trade with low margin and see things work. It is easier to learn things when you experience it, rather than merely reading replies from here or from google. And as a newbie, my friendly advice is to set a stop loss every time you position yourself in the market, don't trust yourself that you can monitor the market, sometimes it takes 30 seconds for the market to crash.

first of all you understand stop loss setting you can set a price in your mind which you want to accept its all depend on your knowledge about coin graph and also your risk taking percentage for example you buy one coin in price of 100$$ and you cover loss of 10% then you can use and set stop loss on 90$$
you can place your order on your desired platform then inter your specific stop loss order which you want.
now there are two types of stop loss MARKIT STOP LOSS and LIMIT STOP LOSS,  the 1st one is depend on market condition the order will be executed once stop loss price reached
and the 2nd one is depends on price which you set if markets down and hit your target then its sold but its not guarantee that its fully executed it market moving quickely

The use of stop loss is generally used to limit the level of loss that will be accepted, usually stop loss is closely related to futures trading. Because of the high level of risk in this market, it is not surprising if losses occur that cause the balance to run out. Stop loss is intended as a loss limiter, we can freely determine the loss limit that we will receive if the market moves not in accordance with our trading position. Usually we will set a stop loss with a loss of funds that is afford to lose.

Different website have different option of stop loss feature because they add some minor modification for setup which is confusing for newbie user like you.

But to make it simple. Stop loss purposes is self explanatory, it’s use to limit your losses by setting up the price which you accept loss in case it hits by the market price. Most the exchange just let you input the price to place an advance order to sell your asset at loss when the market price hits it.

You set your stop loss as a safety when you are sure and not sure about the direction a trade will go. If you are selling, your stop loss should be set above the point at which your trade was executed, so that your capital will be save if the trade buys instead of sells as predicted. If you are buying, stop loss should be set below the point of execution of the trade. The ability to be able to detect and correctly set up stop loss in each trade will help the trader ensure that they do not loose too much to a trade if it does not go as planned.

Every time I trade, I set a stop loss. When I was new to trading, I tried to not to use a stop loss, but it cost my funds every time my margin was liquidated. Therefore, I backtested and modified my method in order to create a trading plan. I discovered an invalidity in which if the price moves to that place, it confirms that the market will go in the other way. In that way, you will reduce your risk while increasing your gain. So, for me, a stop loss is essential for market survival.

The links have been dropped already OP so take all of those reference and read how to use it. Basically, the word itself is to set an amount for you to have a stoppage of your loss.

You just simply set the price for your trade and it's likely 5%-10% or depending on how much you want it to be.

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.

A stop-loss is normally a so-called advanced feature on the exchanges, i.e. it is only available on the Pro-Exchanges (Kraken Pro, ...). The classic "I want to buy and sell Bitcoin" trader has not started much with it and usually does not use it.

For me, however, stop loss is one of the basic tools of every trader, alongside take profit. Anyone who trades at least in short time frames should inform themselves about how they work and, above all, their benefits. A stop loss has already saved me from many dicey situations, but of course it is not a panacea. It should be used with caution.

Stop loss is use to minimize the loss you could suffer just in case the market went to the opposite direction of your trade, because it will stop your trade once it's triggered on a certain price you've set it.

If I'm not mistaken, it's always visible on the trading panel in futures, you just have to explore UI of whenever platform you're using in trading. If you can't still see it, for sure there's a lot of YouTube tutorials regarding about the exchange where you're doing your trades.

The nature of your trades always determines your strategies to boycott lost.
For instance you trades on stocks that is liable to run out of date, you basically don't need to hodl for larger profits else your stocks could count you lost out of expirations.
I have run some kind of stock businesses in sometimes with marketing competitions which in times runs investors  stop gains due to lack of trading strategies.

Example. Your competitors has a rate to sell a pair of stock at $10 whereas there is a poor demand maybe a caused of inflations.
So I could logically insight the rate of demands and the demands challenges and then instead of selling same pair of stock at $10 as others traders, I sells at $8.09 or $9 to magnetise number of demands to myself and then I could sell out quickly on the process and orders for a restocking again. So before other traders could sell 1 pair of stock at the rate of $10, I must have sold over 7stocks at my stipulated rate.
While others traders still have old stocks in store, I must have ordered for restocks over several times.
And this would help my stocks to keep up to date instead of running out to date.

With this, I could boycott stop gain and maintains a level of stop loss.

There are two that I know and they are:

• stop limit
• stop loss

Stop limit is used for spot trading in a way you can buy an unstable coin with stable coin and later automatically buy back the stable coin at certain price if you are losing. Assuming the price of a coin to USDT is $1. You use stop limit for the coin and the limit price your set is $0.9 while the stop price is $0.91. That means if the price of the coin fall to $0.91, the coin should be converted back to the stable coin at $0.9. The stop price should be slightly higher than the limit price that you set.

But the question that you asked which is stop loss, it is used in derivative trading. To be specific, it is used in perpetual and future trading. If you open a long position with a coin at price of $1 and you set the stop loss to be $0.9, if the price of the coin fall to $0.9, your long position will close and you will not further lose again. If you open a short position with a coin at $1 and you set stop loss to be $1.1, if the coin increase in price and reach $1.1, your position will close and you will not further lose.

Depends…

…On how much risk I am willing to take. Some people sell when the asset goes down by 5%. Sometimes it is 10%. Personally I don’t use stop-loss most of the time because I don’t gamble on such crappy assets. I only buy the assets which i am not going to sell in the short term. That means if the asset price drops, I don’t sell, I buy more because I believe that it will become a good trade later on.

If I’m gambling on shitcoins (which doesn’t happen very often) I use 5-10% stop loss depending on my mood.

Stop loss is a protective trading tool that limits the risk of any trader in trading positions. It's good to use it even though some people argue that it's not necessary and could give people bad luck of getting hit while the market still goes back to the trader's position.

As painful as that is, it's not happening all the time and one thing that is sure is that the stop loss is more good than evil, that's if it's evil at all. There are times it would truly save your trading account and you will be so happy, but there are times that it would save the trading account but people think it's bad because the market goes back to the direction of choice. But in honesty, in this case, the stop loss has done its part, it's the trader that should monitor the trade and act accordingly afterwards.

This is why the following points might help and we must know that nothing is perfect in trading;

1. Plan your stop loss in line with your trading strategy. You can use a fixed stop loss or varied ones depending on the strategy you use.
2. Use tight stop loss around price action and S/R level only.
3. Use a loose stop loss when you are trading long-term or when you are not monitoring the stop loss in case the market goes back after hitting it.
4. Do not leave the work alone to stop loss, monitor your trade and act according depending on the situation (enter the position back if need be).

Using stoploss depends on you risk to reward ratio.
If you have a risk to reward ratio of 1:3, then you need to place your stoploss at a distance that corresponds to one-third of the potential profit target,
this will be profitable because your risk exposure is limited while allowing the trade sufficient room for price fluctuations within that established risk parameters.

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most people lose in trading because they don't follow their plan trade according to their risk to reward ratio. and trade emotionally which cause them to close many trades without gaining significant profit.

You can use Stop loss order but there is a better order, Stop limit order.

One of best weapons in trading: Stop loss order
Stop loss order: make sure you use it

What is a stop limit order?
Stop limit order: What it is and why investors use it?

Above are general documents to understand about those order types but how to use it, you have to read guide of an exchange you are using. Each exchange has its own user interface and you have to be familiar with it as well as how to use trading order types on that exchange.

Maybe at least tell us what platform so we can help you? Because It'll totally depend on the exchange you're using. And chances are, whatever platform you're using has an article on how to use their stop-loss function so you're better off Google-ing it first.

how do you use a stoploss