I assume stop loss is a life saver...
several times the crypto assets that I bought dropped 40%, I installed a reminder feature when the assets that I bought went down then I would immediately sell, and then I bought at a lower price. I put stop loss in my risk management.
Topic: Stop Loss, A life saver or a evil? (Read 4316 times)
For me as a trader we have to set stop loss so that we will not losing more money because high chance that it might go down further. You don't want lose money right so it is better to set always stop loss when trading cryptos.
I agree with what you wrote, the stop loss for me is also a way to reduce excessive losses especially when things are not going as we expected. You try to limit your losses, and at best you can buy back when it has gone further down 
Of course stop loss will have a positive result for you, its basically a life saver in disguise as evil, because in reality lets be honest bitcoin and even in forex there is a lot of manipulation, which means stop loss that you do with all other people could be broken and help the whales when they want to make more money, but if you don't do it, you will be basically losing a lot more as well.
So what is the danger? If you put stop loss at 5% under, and the whales knows that there is sell orders and potentially some stop loss orders, they will sell a bunch of bitcoin to make it lower, and they will buy at the lower end and make more profit. Whereas you will be active or have some orders to buy lower when something like that happens to not get affected badly.
So what is the danger? If you put stop loss at 5% under, and the whales knows that there is sell orders and potentially some stop loss orders, they will sell a bunch of bitcoin to make it lower, and they will buy at the lower end and make more profit. Whereas you will be active or have some orders to buy lower when something like that happens to not get affected badly.
I always trade in the spot market, maybe like an investment, but the investment has not been profitable for 1 year because the price of altcoin is still below, is it better for me to use stop loss? and run?
For me as a trader we have to set stop loss so that we will not losing more money because high chance that it might go down further. You don't want lose money right so it is better to set always stop loss when trading cryptos.
stop lose will be useful if you play in futures exchanges, such as Binance Futures or Bitmex,
because if you don't use this feature then you will lose all your money
because if you don't use this feature then you will lose all your money
If you pay attention to the statement of almost the majority of experienced traders in the forex market, then almost all the reviews about Stop Loss are positive. Of course, in order to get the corresponding results, you need to learn how to set the stop loss function settings correctly, and you need to use this function for any trading style. For beginners, this is a certain difficulty, but the numbness of modern everyone comes to the conclusion that the installation of stop loss is mandatory in order to stop trading with constant losses.
You have raised a topic with definitely two sides to it.
But in a nutshell, i think stop loss to an extent is a life saver, but if anything happens outside your stop loss, my friend you are in for a straight rekt.
Also, your experience in setting a proper correct stop loss matters in each trade, so i will to keep learning until you are a master trader
But in a nutshell, i think stop loss to an extent is a life saver, but if anything happens outside your stop loss, my friend you are in for a straight rekt.
Also, your experience in setting a proper correct stop loss matters in each trade, so i will to keep learning until you are a master trader
Hello,
I had this question in mind, since many of my trades with an adjusted stop loss got triggered, but then the market goes in the direction I wanted, but since it got triggered basically im out. I know this is due to big fishes messing around.
What do you guys think, is stop loss something or, or not so good?
I had this question in mind, since many of my trades with an adjusted stop loss got triggered, but then the market goes in the direction I wanted, but since it got triggered basically im out. I know this is due to big fishes messing around.
What do you guys think, is stop loss something or, or not so good?
I think spot loss is a part of trading life and thats why trading or life can not be stop so far. When anybody wants to trade he know that profit and lose is part of trading life. So you can not stop there. Moreover you have take learn to choose best coin for trading in future.
So i think loss may a turning point of trading life.
Next time be sure to research up everything before making any comments so that you wont make yourself look dumb.
Answering the topic which i can say that SL is useful specially when you do day/active trade.
Hello,
I had this question in mind, since many of my trades with an adjusted stop loss got triggered, but then the market goes in the direction I wanted, but since it got triggered basically im out. I know this is due to big fishes messing around.
What do you guys think, is stop loss something or, or not so good?
I had this question in mind, since many of my trades with an adjusted stop loss got triggered, but then the market goes in the direction I wanted, but since it got triggered basically im out. I know this is due to big fishes messing around.
What do you guys think, is stop loss something or, or not so good?
I think spot loss is a part of trading life and thats why trading or life can not be stop so far. When anybody wants to trade he know that profit and lose is part of trading life. So you can not stop there. Moreover you have take learn to choose best coin for trading in future.
So i think loss may a turning point of trading life.
Hello,
I had this question in mind, since many of my trades with an adjusted stop loss got triggered, but then the market goes in the direction I wanted, but since it got triggered basically im out. I know this is due to big fishes messing around.
What do you guys think, is stop loss something or, or not so good?
I think now many traders who lost their deposits neglecting stop losses would start writing you instructive texts. Trading without a stop loss is a sure way to drain the Deposit sooner or later. Trading without a stop loss is like playing in a casino. You must use stop losses. I had this question in mind, since many of my trades with an adjusted stop loss got triggered, but then the market goes in the direction I wanted, but since it got triggered basically im out. I know this is due to big fishes messing around.
What do you guys think, is stop loss something or, or not so good?
When it comes to forex trading then definitely stop loss is a must and i have personally burnt my account many times just because i was not setting stop loss for my trades but when you talk about crypto trading especially without leverage then i do not think there is much need for stop loss because crypto model is deflationary and if you have purchased the dip market will be back up but you need to be patient.
For me stop loss is a real life saver as it as saved mybtrade countless number of times helping me to minimize loss. As any good crypto trader that you are it is very very advisable that you make use of stop loss..this will teach you discipline and help you reduce greed , it will majorly help you to manage and minimize loss at an early stage before your trade falls apart
Indeed. A stop loss is really a life a saver that it also save me from all of my trades. I reallt don't think stop loss is evil or bad in trading because it is really useful tool for us traders not to experience loss and discipline ourselves in trading.
I think as a trader you must know your tool well before you use it. Stop loss is great tool you can use to save your money from being vanished to 0. It's a saver or an evil depends on how well you implement the stop-loss strategy.
For me stop loss is a real life saver as it as saved mybtrade countless number of times helping me to minimize loss. As any good crypto trader that you are it is very very advisable that you make use of stop loss..this will teach you discipline and help you reduce greed , it will majorly help you to manage and minimize loss at an early stage before your trade falls apart
I think every crypto trader has different strategy and approach to trading and thus as inclined to Stop Loss. Its all about profit and loss for me and stop loss helps me mitigate the risks of loosing funds. So its a a life saver to me too
Hello,
I had this question in mind, since many of my trades with an adjusted stop loss got triggered, but then the market goes in the direction I wanted, but since it got triggered basically im out. I know this is due to big fishes messing around.
What do you guys think, is stop loss something or, or not so good?
That is why we should only use low leverage and stop loss far from sensitive levels. My boss taught me how to trade like that in crypto, when you are too familiar with the tricks of the whale, you will have to have your own strategy. The use of x5 or x10 leverage will allow you to place stoploss farther but the hole is not too much. It is a trick to place a stop loss effectively. I had this question in mind, since many of my trades with an adjusted stop loss got triggered, but then the market goes in the direction I wanted, but since it got triggered basically im out. I know this is due to big fishes messing around.
What do you guys think, is stop loss something or, or not so good?
In my opinion, people who say stop-loss a evil or not good, means that person knowledgeable in trading is questionable. Because it is clear
stop-loss is a life saver, without stop-loss feature I believe that the capital we have will be run out in the end. Imagine a highly volatile
cryptocurrency market, if without stop-loss it is very difficult to save our capital. Because with a stop-loss we can minimize the losses we
experience. Therefore for me stop-loss is a life saver.
stop-loss is a life saver, without stop-loss feature I believe that the capital we have will be run out in the end. Imagine a highly volatile
cryptocurrency market, if without stop-loss it is very difficult to save our capital. Because with a stop-loss we can minimize the losses we
experience. Therefore for me stop-loss is a life saver.
You need to understand how the market works in order to maximize your profit with this tool.
The fact is that those who create waves in the market are very well versed in the technique of “knocking out stops”,
they make a false breakdown in one direction or another that provokes your stop loss to trigger, after which the price starts moving in the opposite direction, leaving you down and pushing a deal on the go.
Price slippage or manipulation isnt a new thing and this had always existed specially on traditional markets where there are market price situations that really tend to trigger out stop losses.This is no different here on crypto space and come to think that price movement are way too volatile and its easy to trigger out those SL's without even presuming that the market had been controlled that way but you can eventually find out The fact is that those who create waves in the market are very well versed in the technique of “knocking out stops”,
they make a false breakdown in one direction or another that provokes your stop loss to trigger, after which the price starts moving in the opposite direction, leaving you down and pushing a deal on the go.
if you have already set deep SL's but still triggered out but well this isnt something new thats why i dont prefer on using SL when you are doing long term trades but day active ones then this
tool is the most helpful.
The fact is that those who create waves in the market are very well versed in the technique of “knocking out stops”,
they make a false breakdown in one direction or another that provokes your stop loss to trigger, after which the price starts moving in the opposite direction, leaving you down and pushing a deal on the go
they make a false breakdown in one direction or another that provokes your stop loss to trigger, after which the price starts moving in the opposite direction, leaving you down and pushing a deal on the go
Them that you refer to are exchanges
And the breakouts mostly occur on exchanges like Bitfinex and BitMEX (as they say, birds of a feather flock together, yeah). However, it is not so much about stop-losses and knocking them out as about triggering margin calls followed by forced liquidations of either long or short positions (at times both longs and shorts)
Everyone and his dog could witness the scale of one such blatant and outrageous market manipulation with their own eyes when BitMEX liquidated over $1 billion worth of longs on March 12 -- probably the most ruthless and brutal long squeeze in Bitcoin's history
You need to understand how the market works in order to maximize your profit with this tool.
The fact is that those who create waves in the market are very well versed in the technique of “knocking out stops”,
they make a false breakdown in one direction or another that provokes your stop loss to trigger, after which the price starts moving in the opposite direction, leaving you down and pushing a deal on the go.
The fact is that those who create waves in the market are very well versed in the technique of “knocking out stops”,
they make a false breakdown in one direction or another that provokes your stop loss to trigger, after which the price starts moving in the opposite direction, leaving you down and pushing a deal on the go.
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