Stop Loss, A life saver or a evil? - page 6.

Lecam

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Quote from: wajik-tempe on December 18, 2019, 08:13:50 AM

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 is a must for a day trader. Stuck in a coin in a long time is not better than loss a bit of capital and move to another trades with chance to get more profits. So stop loss is the key for day traders who lives their life with trading. But we have to determined where we want to stop loss first before we enter a trade

Stocking coins its really good enough especially those coins that no potential to grow. So maybe only buy coins when a short trader buy and sell if you see that you have profit you can sell it then buy back again once the coin goes down the price. Because in short trade you can see your profit in a days so its really good to do short trade than to hold it for a long term.

coin_gambler

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Stop loss is one of trading's most useful tools. Personally, I lost a substantial amount of money just because I was in a shoulder-free business. Unfortunately, choosing the right stop size is particularly difficult now because market manipulators simply knock out the stops with some actions. However, even if this factor is taken into account, it is impossible not to use such a useful tool, because without using it you will surely lose more. Stop loss minimises your risk and the likelihood of error.

Leviathan.007

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Depends on yourself and the value of the stop loss.
If you choose a good value for it, this can be a money saver. but if you don't ...

doomloop

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Quote from: spike420211 on January 16, 2020, 09:35:22 AM

Quote from: Barbut on January 14, 2020, 02:56:30 AM

It's a lifesaver, you use a stop loss to not sink. It's a good trading tool, it should be used for almost every trade, we can't predict where the price is heading next. It's better to get out from a sinking ship before it touches the bottom, and if you think that ship can recover from that you can buy back what you sold. It doesn't work all the time, but it's better to be safe than sorry.

I agree with you. The key here is "In every trade."
It happens that everything goes so well that at some point you simply stop using this function, since setting up the next stop loss seems pointless, because the price is always moving in one direction.
However, it is precisely at these moments that events occur that can upset you very much and take away a significant amount of profit if the trend goes in the opposite direction and you are not ready for it.

It is important part of every trade, one should set it for his trade at a better time. Make a good decision before you regret. The nature of this trade is very fluctuating so one should keep a strong eye on everything before it get lost. Setting good minimize loss for your trade is the good quality of a trader.

Kevondo

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Quote from: RealMalatesta on January 17, 2020, 04:57:12 AM

Most things, if not all, has two sides (advantage and disadvantage).
If you’re making use of stop loss in trading and you’re not there to continue it after the trade has been stopped due to going the wrong direction, then you’re likely to miss out if things should get to a better line and start moving up.

But whatever, we should still call it a life saver because it’s not every time that the price of asset would go down and rebound, most times when it starts crashing it just continues to fall to a lower price till you lose everything. Stop loss is mean to save you from such situation where you are likely to lose everything.

Stop loss can be treated as a life jacket in this trade. You can use it in time of need, it will save you from great loss in long term business. But why to think and worry about loss, we can make positive hopes that we will not face any loss, the prices will not go down. Your positive hopes will also act as a saving kit for your business it will give you inspiration and you can struggle more in it.

RealMalatesta

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Most things, if not all, has two sides (advantage and disadvantage).
If you’re making use of stop loss in trading and you’re not there to continue it after the trade has been stopped due to going the wrong direction, then you’re likely to miss out if things should get to a better line and start moving up.

But whatever, we should still call it a life saver because it’s not every time that the price of asset would go down and rebound, most times when it starts crashing it just continues to fall to a lower price till you lose everything. Stop loss is mean to save you from such situation where you are likely to lose everything.

janggernaut

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Quote from: Joyawan13 on January 16, 2020, 12:37:30 PM

in trading when market prices move faster to change we do not have to panic and be afraid of the losses you get, because trading must be able to think that in trading we certainly want to benefit from our trade, not when prices suddenly decline quickly and we estimate the trade loss and we panic and sell it, that's the wrong action in my opinion, stop loss and calm down, wait for the price to go back up again.

Which one actually you suggested to people? Between don't sell when the price decline and use stop loss? Those 2 are very different and those can't be happening on same time.
Stop loss is when you sell your coin after it your stop loss you have set before, it can't be undone after it got executed.

PuertoLibre

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Quote from: Pinkris128 on January 16, 2020, 12:18:37 PM

In my own personal opinion, stop loss could actually help a trader to minimize their losses when we are facing a sudden price drop or a bear market, that is why it is a life saver. But some traders intends not to stop their losses because they actually just hodl their coins until the price returns.

Stop loss is kinda double-edged sword for the inexperienced traders. The inexperienced trader has no idea where to put the stop loss line on chart and how to adjust it according to the latest market patterns. The naked price pattern is the best way to trade the average volatile markets without using the stop loss or take profit orders. The fake breakouts or early rebounds/pullbacks will be hit the SL before the trader moves it to the safe zone.

Joyawan13

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in trading when market prices move faster to change we do not have to panic and be afraid of the losses you get, because trading must be able to think that in trading we certainly want to benefit from our trade, not when prices suddenly decline quickly and we estimate the trade loss and we panic and sell it, that's the wrong action in my opinion, stop loss and calm down, wait for the price to go back up again.

Pinkris128

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In my own personal opinion, stop loss could actually help a trader to minimize their losses when we are facing a sudden price drop or a bear market, that is why it is a life saver. But some traders intends not to stop their losses because they actually just hodl their coins until the price returns.

spike420211

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Quote from: Barbut on January 14, 2020, 02:56:30 AM

It's a lifesaver, you use a stop loss to not sink. It's a good trading tool, it should be used for almost every trade, we can't predict where the price is heading next. It's better to get out from a sinking ship before it touches the bottom, and if you think that ship can recover from that you can buy back what you sold. It doesn't work all the time, but it's better to be safe than sorry.

I agree with you. The key here is "In every trade."
It happens that everything goes so well that at some point you simply stop using this function, since setting up the next stop loss seems pointless, because the price is always moving in one direction.
However, it is precisely at these moments that events occur that can upset you very much and take away a significant amount of profit if the trend goes in the opposite direction and you are not ready for it.

Mpamaegbu

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Quote from: wajik-tempe on December 18, 2019, 08:13:50 AM

Stop loss is a must for a day trader. Stuck in a coin in a long time is not better than loss a bit of capital and move to another trades with chance to get more profits.

I can relate with this from experience and so I honestly think SL is the way to go. But don't just make it a tight SL. Give it room to breath and take your mind off it. If it hits SL, you already predetermined your loss and so you move on. To let a trade float for days in loss has no meaning because at the end one might still end up losing and even losing big time.

davinchi

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Honestly, on a day traders job stop loss is a very very important part of the deal, they are dealing with such small increments that even 1% is a big deal for them, they do use stop loss in the sense that they want to do 100 trades every day and make if possible 1% profit at the end of the day, that is all they care about, 1% a day is 365% a year so most of them fail but at the same time staying in a bear run with crypto at hand is nightmare for them so they are willing to let small fall go by in order to keep themselves liquid and ready to trade again.

Same goes for sell orders by the way, like for example they bought at 100, they put order to sell at 101 so they can get quick profit right away. I will never understand how their brain works but those quick moves require stop loss very much.

Edraket31

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Quote from: crossabdd on January 14, 2020, 07:49:32 AM

I use the stop loss feature only when I can't monitor trades. actually this feature is good for reducing losses. rather than holding without knowing the direction. better to use this feature. several times I lost a lot of the value of the coins that I held. but with stop loss. this is more controlled.

For most of us for sure it is a life saver, for me I don't have much time to monitor the price too as sometimes, I do have meetings in our work, so I see to it that I have put up stop loss. But when I don't have work then that's the time I can focus and no need to put stop loss, it's not evil but a very helpful tool for me.

crossabdd

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I use the stop loss feature only when I can't monitor trades. actually this feature is good for reducing losses. rather than holding without knowing the direction. better to use this feature. several times I lost a lot of the value of the coins that I held. but with stop loss. this is more controlled.

EmmaLory

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short time trader must be use stop loss for safety. now market condition very critical up and down trend now live ,so every short time trader use stop loss. long time no need stop loss i think

carlfebz2

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Quote from: ultrloa on January 14, 2020, 06:11:27 AM

Quote from: tungaqhd on January 14, 2020, 06:00:59 AM

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 is a life saver for me. I set stop loss for every trade, it protects me from big loss if my prediction is wrong and i don't have time to look at the chart the whole day.

That would be the more ideal things to do than cracking our heads for holding more even if the market is dying since it will be a huge pain if we bag hold and wait for something good will happen for certain coin we hold on that day. That's why It's always good to stop loss and buy when the dump stabilize since by this a huge chances that we can earn back what we lose with huge percentage of winnings.

You wouldn't necessarily to wait for recovery yer you can average down or accumulate still while the prices is moving down. Yes its risky or gamble but its your choice if you do embrace up the risk.

Stop loss would be ideal on scalping on smaller time frames but for long term it isnt really that needed. SL are lifesavers if you are really following a very strict capital management.

ultrloa

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Quote from: tungaqhd on January 14, 2020, 06:00:59 AM

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 is a life saver for me. I set stop loss for every trade, it protects me from big loss if my prediction is wrong and i don't have time to look at the chart the whole day.

That would be the more ideal things to do than cracking our heads for holding more even if the market is dying since it will be a huge pain if we bag hold and wait for something good will happen for certain coin we hold on that day. That's why It's always good to stop loss and buy when the dump stabilize since by this a huge chances that we can earn back what we lose with huge percentage of winnings.

tungaqhd

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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 is a life saver for me. I set stop loss for every trade, it protects me from big loss if my prediction is wrong and i don't have time to look at the chart the whole day.

Pamadar

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Quote from: Colt81 on January 14, 2020, 03:12:39 AM

If you ever feel that the market will drop it's price, you should better use a stop loss because it is one of the most useful tools in trading to prevent you from having a huge loss, that is why it is a life saver. You can't actually predict when will the market will go up and down, so making a good analysis would help you to have a good trade.

Pro traders have this function as they knew that market volatility is really tough to handle. they will choose to have some small percentage of loses than to suffer the whole investment capital. Using stop loss in the right manner gives you the edge as if ever you made mistakes it will not gives further damages but small amount and can be recover in your next position using your chosen assets.

Topic: Stop Loss, A life saver or a evil? - page 6. (Read 4316 times)