Stop Loss, A life saver or a evil? - page 11.

stomachgrowls

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Quote from: uray on December 19, 2019, 10:45:19 AM

Quote from: makolz26 on December 18, 2019, 09:30:53 AM

Why an evil? For me this is a life saver for most traders, as you can always buy again when the price is at dip rather than losing all your money and has no return on it at all.

For some it maybe an attempt but still stop loss is considered as the best friend of most crypto traders, without it all your fund might at risk all the time.

It all depends on how you use it, you cannot use a stop loss when the market is in this range as it is really volatile and it will recover in a few trading hours and when that happens your coins are already sold and there is nothing you can do about it and hence you need to be careful when implementing those in a volatile market like bitcoin, when the market is rallying it is a different story altogether and i used stop loss to get my maximum profit during the last rally as i was able to sell majority of my coins over $18k .

Thats why some people doesnt use up stop loss due to high volatility where these SL can be easily eaten up by a few percent movement on the price.It will depend on how deep the stop loss you've set out.

People didnt tend to make use of it because once its triggered then its already considered as lost funds rather than having a pending order on negative which they do still believe that they can recover it out
or break even one the market had rise back up again.

It do have advantages and disadvantages though depending totally on market condition thats why you should know on when and not to use it.

Faxmate

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Quote from: StephenieDuong on December 18, 2019, 12:49:05 PM

Quote from: AbuBhakar on December 18, 2019, 09:53:30 AM

Quote from: StephenieDuong on December 18, 2019, 09:47:16 AM

Agree with you that set stoploss sometime is not too good in crypto. Manytime stoploss price hit and make we out, but i dont think stoploss is a bad option for trader. If you want stoploss become really useful, then you have to learn, get experience on each time stoploss hit, summarize all yours trade history and find the best way to set stoploss.

I prefer setting my own stop loss amount in specific coins. This year I plan to monitor my trade, buy and sell prices to see if I really earn, preferably will stop using bit and just do it manually. I want to stop being greedy on waiting and setting unrealistic price. Will set goal and try to trade more often by next year. It will depends on how we set our stop loss to see it's effect on us.

Yeah right, stop loss effect or not will depend on each trader and their experience. I hope you will get luck next year and become a good trader. Always remember to set stop loss, either auto or manually and must monitor all trading history. Wink

You shall keep track of your trading history because that gives you actually idea where are you standing. Stop loss effect is a nice option that everyone shall utilize whosoever is involved in trading because it helps them to avoid unbearable losses since it has a limit for your loss money. This effect is not I believe used by most of the young traders and so they suffer from huge losses.

TRONTON

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stop loss is very important if bitcoin releases the brakes and falls down following the daily chart, for example if we buy $ 8k, then there is no other word than to wait for bitcoin to remain floating, or make a one-sided cut loss if not using it, altcoin also applies the same.

traders who set many orders will be greatly helped rather than pressing "cancel all" which is often late, but there are still other options such as OCO which can specify two directions of orders side by side.

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Quote from: redigaffi on December 18, 2019, 07:17:05 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 in crypto trading is actually something satisfactory for crypto trader which believe the market is in manipulated state but the crypto need to stop about 75% of his trading because sometime an occasion where the downtrend expected maybe uptrend may happen either the 25% shouldn't be a pain in butt.

eaLiTy

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Quote from: redigaffi on December 18, 2019, 07:17:05 AM

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 most important thing when dealing with a volatile market like BTCitcoin is that you need to be careful when using stop loss and there is another option stop limit where i have not heard many talking about in this forum.

The most important aspect of stop loss is when the market is rallying and then you are busy and you can put a stop loss so that you will not miss on booking the profit when the market rallies and when it comes to stock market it is an important tool but in a volatile market like BTCitcoin you have to be careful and for you to carefully execute those orders you need to be well aware of the support level and that is the important aspect when you are using those market.

uray

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Quote from: makolz26 on December 18, 2019, 09:30:53 AM

Why an evil? For me this is a life saver for most traders, as you can always buy again when the price is at dip rather than losing all your money and has no return on it at all.

For some it maybe an attempt but still stop loss is considered as the best friend of most crypto traders, without it all your fund might at risk all the time.

It all depends on how you use it, you cannot use a stop loss when the market is in this range as it is really volatile and it will recover in a few trading hours and when that happens your coins are already sold and there is nothing you can do about it and hence you need to be careful when implementing those in a volatile market like bitcoin, when the market is rallying it is a different story altogether and i used stop loss to get my maximum profit during the last rally as i was able to sell majority of my coins over $18k .

Subbir

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If you suffer from any reasonably hesitation then you'll be able to use stop loss and refrain from opening trade feel that you just are wrong somewhere and your call may be hangdog then it's sensible to use caution typically after we trade we've got several things wrong, then employing a stop loss will greatly cut back the loss if your call is correct.

pawanjain

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You won't be asking this question if you didn't encounter losses due to stop loss. I believe Stop loss is not for everyone.
The ones who know how to use it wisely in the particular trend gains profits because of it while the other losses.
So if you are constantly facing losses then you must stop using the stop loss.

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Quote from: nicolas1979 on December 18, 2019, 07:32:47 PM

Stop loss created as limit to handle your lost, this is not evil but saver. Good trader know their ability and everything has limit when reach it you should stop evaluate strategy and start again from beginning. Many people say stop loss evil, nightmare, looser but many asset already save because using stop loss. Imagine if you not use stop loss, your lost will grow up eat every value in your fund until bankrupt. Think wisely about stop loss and please use it for your own safety.

Well, some people always only regret and negative thinking, then feel that stop loss is a bad tool when this automatic setup made them miss a good recovery and fall into loss but they do not seem to analyze further, this immediate reversal may be a coincidence, if the market does not go as they wish, what will happen next, very few people think about this scenario, they just stop at thinking stop loss is a crime. While the stop loss is the savior of many people, especially for long-time traders, this tool has limited them from falling into deeper pools of blood

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My apologize before, but i think it is all about perspective. If OP's coin keep down, maybe he will grateful because stop loss is save him. I think something like stop loss is feature that actually made to help trader. But it is all depends on that trader can manage it or not. It is our decision actually when want to use stop loss or not, like use or not and what happen after that, it's all from the decisions we make and there is no need to regret it.

CryptoBuzzerd

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Marketmaker always hunting for your stop-losses. Be aware of it!

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especially all you have to do is look for a pair where the price really hasn't increased on that pair, usually people often enter when the price is high, maybe you enter into a trade like that, so that when the price goes down you choose to stop losing but the price goes up again, You are being played with by big traders, so you have to know when to enter the trade, maybe it will save you, if you stop losing it is a decision that you have to think about before you really feel guilty when what you think isn't happening I usually stop losing when I lose 2%

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If you had ever encountered price whipsaw in trading then you would know that stop loss is a life saver, there are times when the whales triggers price manipulation such that there would be an extreme price volatility thus the market rises rapidly and falls likewise thus burning out many traders portfolio without a stop loss of course a well planned trade with a calculated or reasonable stop loss would be stopped out in any cases of whipsaw.

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In my opinion, if you're trading long term or investing, it's unnecessary. If you're trading something that could cost you money from a bad news article or some stupid analytics that's might be purposeful manipulation, definitely put a stop. if you're in a short term on a very volatile stock. for instance, buy a stock for $100. And you only think it'll go to $150. And it goes to $200 instead. You can put a stop/loss at $150 since that is what you expected anyways. really, it all depends on how much risk you're willing to take on.

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Quote from: redigaffi on December 18, 2019, 07:17:05 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 fact that I experienced is that sometimes it can be a lifesaver, but on the other hand, also sometimes it becomes evil because of panic so then cut loss.
but I still use cut loss in my trading, because I was quite afraid, my experience lost more than 80%, so now I place a cut loss if it drops below 10%.

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Quote from: Shasha80 on December 19, 2019, 01:54:20 AM

In my opinion stop loss is the most important part of trading. So using stop loss saves the capital we have so it doesn't run out.
With stop loss we can manage the loss that we experience. So stop loss is not evil, but stop loss really helps traders. So if
we miss profit, don't blame stop loss, but blame the strategy that we apply. As long as I use the stop loss feature, it's never
I feel disadvantaged. Even with the stop loss I can avoid greater losses.

Best option for stopping lost because we can save our money without get risk with our trading and investing assets have lower price, how ever many time we see not brave for cut lost and they waiting with altcoin back with higher price, but they have waiting with long time to get back profit and need one year maybe to get much profit again, for me selling and cut loss is best solution when looking assets coin price with lower price.

Shasha80

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In my opinion stop loss is the most important part of trading. So using stop loss saves the capital we have so it doesn't run out.
With stop loss we can manage the loss that we experience. So stop loss is not evil, but stop loss really helps traders. So if
we miss profit, don't blame stop loss, but blame the strategy that we apply. As long as I use the stop loss feature, it's never
I feel disadvantaged. Even with the stop loss I can avoid greater losses.

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Quote from: slaman29 on December 19, 2019, 01:07:26 AM

I can't believe I'm actually seeing someone suggest stoploss is an evil.

If you have a strategy, then you surely must have SL in place to say okay I was wrong, so now I'll think again and take this losses. Without stop loss you're trading like okay I was wrong, now let's hope the market swings back or I'm fked.

i try to believe that OP is just trolling mate because this argument is stupid as non traders will only agree.

the safest way to trade is having Stop Loss but he is insulting as evil?no this is wrongful.

slaman29

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I can't believe I'm actually seeing someone suggest stoploss is an evil.

If you have a strategy, then you surely must have SL in place to say okay I was wrong, so now I'll think again and take this losses. Without stop loss you're trading like okay I was wrong, now let's hope the market swings back or I'm fked.

maxreish

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It's a life saver. Stop loss can save up huge losses. If your stop loss always triggered, may I ask how much % was your leverage? If you have lower leverage and far from being liquidated you can set stop loss like 20% near the liquidated amount so it may have a chance to atleast not reach the stop loss and will be possibly go on the way you are expecting.

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