Stop Loss, A life saver or a evil? - page 10.

ultrloa

legendary

Activity: 2758

Merit: 1228

Quote from: jcpone on December 20, 2019, 10:30:31 AM

Quote from: redigaffi on December 18, 2019, 08:17:05 AM

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?

For what the good thing for stop loss, is that you can maximize and control your losses. Unlike, if you didn't set stop loss, your assets might gone all instantly. So, I don't think it is an evil things, of course not. Instead, stop loss was something giving us a good way how to control ourselves when we do trade in the platform.

Agree with that since if people will not set on when they execute the top loss for sure they will suffer from heavy dumps and hard recovery. Maybe some other think that this is an evil deed since some newbies though that we are suggesting them to dump for a loss. But if they learn the basics and have education with it a high chances for them to gain easily even if the market is in bad state.

jcpone

sr. member

Activity: 685

Merit: 250

Quote from: redigaffi on December 18, 2019, 08:17:05 AM

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?

For what the good thing for stop loss, is that you can maximize and control your losses. Unlike, if you didn't set stop loss, your assets might gone all instantly. So, I don't think it is an evil things, of course not. Instead, stop loss was something giving us a good way how to control ourselves when we do trade in the platform.

alisonwonder

sr. member

Activity: 882

Merit: 251

Quote from: redigaffi on December 18, 2019, 08:17:05 AM

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 always use stop loss for trading, because it's better to lose 5-10% than I lose more than 50%, because it will be difficult for me to recover it.

Ahimoth

sr. member

Activity: 812

Merit: 250

Quote from: pajak666 on December 20, 2019, 07:55:33 AM

Quote from: redigaffi on December 18, 2019, 08:17:05 AM

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?

The biggest sharks in the industry think it's bad. It's data driven they say:P Although their strategies very often revolve around strong markets that are growing in general. If yo uhave deep pockets in this case it makes it probably better to wait it out and sit comfortably at 20-30% drawdown instead of sweating more trades

There's nothing wrong with waiting as long as you have patience on a particular timeline of your holdings. Don't fall on uncertain asset, always see to it that you've been choosing the promising coins to avoid regrets in the end. I don't think stop loss is an evil, but rather it's really making your funds stay secured for possible potential loss.

Holisticdetector

newbie

Activity: 11

Merit: 2

Set a goal, know that greed will always win over you and you will realize how profitable it is to trade.

pajak666

hero member

Activity: 746

Merit: 502

Looking for advertising deal

Quote from: redigaffi on December 18, 2019, 08:17:05 AM

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?

The biggest sharks in the industry think it's bad. It's data driven they say:P Although their strategies very often revolve around strong markets that are growing in general. If yo uhave deep pockets in this case it makes it probably better to wait it out and sit comfortably at 20-30% drawdown instead of sweating more trades

BuxCoin

sr. member

Activity: 698

Merit: 251

Quote from: redigaffi on December 18, 2019, 08:17:05 AM

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?

stop loss is a life saver , we cant be correct in market all times , when we are wrong stop loss saves us by losing little

newbies makes a lot of mistakes in placing stop loss , placing stop loss depends on volatility if volatility is more stop loss should be placed far , if volatility is less stop loss should be placed near , you could decide where to place SL based on technical analysis swings , or based on risk like 2% of the capital like that

Maslate

hero member

Activity: 2954

Merit: 672

Message @Hhampuz if you are looking for a CM!

This depends on your timing, if you do it with a right timing, this might help you.
Stop loss is to minimize your loss, that's important especially for day traders but without enough knowledge on how to use it, it might not help you at all.

btc78

full member

Activity: 2520

Merit: 214

Eloncoin.org - Mars, here we come!

when i was still trading i choose not to use Stop loss strategy but i know this is not also bad,there are some successful gamblers that made their way using this as safety precautions.

so using the word Evil is not appropriate mate,and it depends on who's involve because if you cannot watch your trading activities because of some important occasions and you need to still take risk on your favorite currency then using stop loss will make you safer at that certain moment(though it is not advisable for traders to leave their computers when trading)

gabmen

hero member

Activity: 1246

Merit: 529

CryptoTalk.Org - Get Paid for every Post!

How is it evil? I mean, definitely it can save you from going broke if you're day trading. And you're not going to use stop loss if you're planning on holding for a long time. I think it's even essential that this feature is utilized by everyone who day trades to avoid getting caught in sudden market swings. Especially if one doesn't have the time to focus on watching the market and their orders.

Trela

legendary

Activity: 1106

Merit: 1001

The Decentralized TCP/IP Internet Protocol

Quote from: redigaffi on December 18, 2019, 08:17:05 AM

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's simple! Ask some questions before returning to work:

1. What is your goal? List it out clearly.
2. How are you trading? Scalping or Trade as a planned? You need to clarify what the method is using.
3. What is your maximum stop-loss level?
4. Have you set a Stop-loss in line with your goals?
Etc.

I personally never set stop-loss below 3% if looking for a profit / 10% / order. For Scalping, you should take a trading course to understand it.

whyrqa

full member

Activity: 1093

Merit: 103

Quote from: sulendra12 on December 20, 2019, 02:44:45 AM

Quote from: redigaffi on December 18, 2019, 08:17:05 AM

What do you guys think, is stop loss something or, or not so good?

Stop loss is actually useful in some cases, you need to actually do that if you want to save your money in bad cases such as price crashes or too late selling your coins because you can't actually predict the price so you need to actually do stop loss.

The fact is that Stop Loss is not a trading bot that can cause irreparable harm to a trader, but special features of your account when placing orders in order to avoid big losses in trading. Stop loss is beneficial to those who correctly configure these functions.

Shimmiry

full member

Activity: 840

Merit: 105

★Bitvest.io★ Play Plinko or Invest!

Quote from: maydna on December 20, 2019, 12:14:13 AM

Stop-loss can help you to prevent a big loss if the price is down too deep. But that will depend on how the market move and if you are not sure about the market, you can use stop-loss in your trade. But if you can analyze the market and you can accept the risk that the price can go to any price, then you don't have to use a stop-loss. That will depend on how we can determine the market. But personally, I don't use stop-loss too often in the market because if I feel that the market is not moving to the price I want so before the price is down, I will close my trade first while I need to wait for another time to buy the coin.

In trading there is only chance you will get that you will win your trades or lose your income, many beginners are failing their first trade because of lacking of knowledge and techniques on their trades, knowing the price of the coin is not enough it is better to have a lot of research and must be updated what is happening on the market because every time there is a factor that will affect the market in just a single second, next is also ask other person to help with you in trading but make sure you know some of them, today many people are pretending that they are giving you help but is they have a bad intention to you and your money, be careful with those people you must be aware what is happening on your environment even you are in digital world, lastly trust your self in trading you cannot let other people decide what you need to do still that last decision is on your hand.

onyek16M

sr. member

Activity: 812

Merit: 250

Quote from: sulendra12 on December 20, 2019, 02:44:45 AM

Quote from: redigaffi on December 18, 2019, 08:17:05 AM

What do you guys think, is stop loss something or, or not so good?

Stop loss is actually useful in some cases, you need to actually do that if you want to save your money in bad cases such as price crashes or too late selling your coins because you can't actually predict the price so you need to actually do stop loss.

stop loss very usefull for me. stop loss can minimizes loses in trading because when the price of coins going to down stop loss will automatic sell your coin with the price have been decide then stop loss can remove feel of greedy it part of emotion or Psychology from trader so it must to be controlled and stop loss can help you in this case . so stop loss safe your life save your balance.

sulendra12

hero member

Activity: 2814

Merit: 526

Undeads.com - P2E Runner Game

Quote from: redigaffi on December 18, 2019, 08:17:05 AM

What do you guys think, is stop loss something or, or not so good?

Stop loss is actually useful in some cases, you need to actually do that if you want to save your money in bad cases such as price crashes or too late selling your coins because you can't actually predict the price so you need to actually do stop loss.

maydna

hero member

Activity: 2912

Merit: 556

Enterapp Pre-Sale Live - bit.ly/3UrMCWI

Stop-loss can help you to prevent a big loss if the price is down too deep. But that will depend on how the market move and if you are not sure about the market, you can use stop-loss in your trade. But if you can analyze the market and you can accept the risk that the price can go to any price, then you don't have to use a stop-loss. That will depend on how we can determine the market. But personally, I don't use stop-loss too often in the market because if I feel that the market is not moving to the price I want so before the price is down, I will close my trade first while I need to wait for another time to buy the coin.

Spaffin

full member

Activity: 1316

Merit: 108

Quote from: nydiacaskey01 on December 19, 2019, 07:18:09 PM

Its a life saver if you know where and when to use stop loss, its the other way around if you dont. Stop loss have saved me a lot times already in times when I am expecting a huge drop after an event. Example is after a snap shot was taken to a token that is scheduled to have an airdrop to existing holders, expect a huge drop after the snap shot and thats where I used stop loss, it triggered the system to sell my token my holders started to dump.

I completely agree with exactly what you said, because this function for traders was created specifically to avoid big troubles on the stock exchange. Although there is a possibility that for those traders who have not used the stop loss correctly or have not yet learned how to use it, this function can bring some kind of problem. Although I’m not even sure about that. In my opinion, everything depends on the correct settings of the function, and also to avoid big losses, you need to use Stop Loss and Take Profit at the same time.

harizen

legendary

Activity: 3122

Merit: 1398

For support ➡️ help.bc.game

Quote from: redigaffi on December 18, 2019, 08:17:05 AM

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's why it called "stop-loss". Try to understand the function, purpose, and definition of it.

We really don't need to be technical here. You can answer by yourself if that feature is really good for you.

The market is highly unpredictable. You can't just put your instinct that your preferred direction will always be met.

Karmakid

sr. member

Activity: 742

Merit: 397

Here is my opinion, stop losses are liver safer rather than an evil. If you put up a stop loss, then it will lessen the risk of losing more money because you will be automatically out of the market once the price reaches your stop loss. In the cryptocurrency market, since it is volatile, you should give a decent allowance to your stop loss level in order for the market to really move on its own way so you will not get stopped easily on a false breakout.

nydiacaskey01

legendary

Activity: 1834

Merit: 1036

Its a life saver if you know where and when to use stop loss, its the other way around if you dont. Stop loss have saved me a lot times already in times when I am expecting a huge drop after an event. Example is after a snap shot was taken to a token that is scheduled to have an airdrop to existing holders, expect a huge drop after the snap shot and thats where I used stop loss, it triggered the system to sell my token my holders started to dump.

Topic: Stop Loss, A life saver or a evil? - page 10. (Read 4314 times)