Topic: Stop Loss, A life saver or a evil? - page 9. (Read 4314 times)
Stop loss is important because it is "required" in every trade we should have this kind of plan in order to minimize the losses. I do trailing stop loss always, if my bias did not happen then I will sell it in the breakout of 10 MA. There are many stop loss technique like percentage stop and I also selling my position if the current daily candle closes below into the previous daily candle.
This market (bitcoin) is highly volatile, that it is almost impossible to predict the next direction in long run. Most of the indicators are lagging and a single tweet can create over $2000 price movements. I think we need professionals investors and institutional traders to reduce the volatility of the market.
What do you guys think, is stop loss something or, or not so good?
Why it become an evil? It is exactly a live saver!That's why it's called stoploss to stop your loss. Stop loss is one of the best weapon of a trader.
If there is no stop loss especially in some leveraged/margin trading, you will always end up to REKT city!
Rightly expressed that stop-loss plays variety of borough sorts for trading even as profits is created victimisation staples however on the opposite hand it's additionally safeguarded by the loss of an outsized door. accept as true with you that Stoops may be a defend that protects everything.
so stop lose saver your life, and need to use it in trading
Stop loss is important if you know how to use it but if you end up using it in a way that doesn't reflect the resistance/support levels of bitcoin then you might get hurt.
Just to give an example (the numbers are made up) lets say bitcoin is 20 thousand dollars, there is a support at 18 thousand and a resistance at 22 thousand, if you put a stop loss at 19 thousand dollars you may end up losing money, but if you put it on 17.999 you may make money. How? Well, if support is at 18 thousand and it goes lower that means it will go even lower, but if support is at 18 and you sell at 19 it can recover from 18 and go all the way to 22 thousand you will end up in a loss. So, check out the charts and support/resistance levels in order to know where to put your stop loss as well.
Just to give an example (the numbers are made up) lets say bitcoin is 20 thousand dollars, there is a support at 18 thousand and a resistance at 22 thousand, if you put a stop loss at 19 thousand dollars you may end up losing money, but if you put it on 17.999 you may make money. How? Well, if support is at 18 thousand and it goes lower that means it will go even lower, but if support is at 18 and you sell at 19 it can recover from 18 and go all the way to 22 thousand you will end up in a loss. So, check out the charts and support/resistance levels in order to know where to put your stop loss as well.
What do you guys think, is stop loss something or, or not so good?
Why it become an evil? It is exactly a live saver!That's why it's called stoploss to stop your loss. Stop loss is one of the best weapon of a trader.
If there is no stop loss especially in some leveraged/margin trading, you will always end up to REKT city!
Rightly expressed that stop-loss plays variety of borough sorts for trading even as profits is created victimisation staples however on the opposite hand it's additionally safeguarded by the loss of an outsized door. accept as true with you that Stoops may be a defend that protects everything.
What do you guys think, is stop loss something or, or not so good?
Why it become an evil? It is exactly a live saver!That's why it's called stoploss to stop your loss. Stop loss is one of the best weapon of a trader.
If there is no stop loss especially in some leveraged/margin trading, you will always end up to REKT city!
I think it's not okay to do a stop loss when doing business. Because there is no reason to be disappointed about the loss of profits in doing business you can learn only if wrong Do not lose the stop from where you lose then try again from there So correct your mistakes and move forward.
That will depend on the market situations because if the market is going to go down, you will not have another choice to hold the coin, but you can use stop-loss trading to prevent the big lose. You can use that feature in regard if you are sure that the market will occur to the lowest price. It is normal to see the losing because all traders have those experiences, but we have a different method to prevent the loss. Make sure you know how to use stop-loss properly so you will not be disappointed later.
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 also used stoploss activation a lot in my first transactions. In the crypto market, unlike the forex market, our market capitalization is quite low and sharks hold a lot of bitcoins so they can manipulate the whole market. So in order to be able to trade well in the crypto market, you need to accept losses of more than 100 - 150 points, this is the price to pay to avoid the shark stoploss manipulation. or if you can not stand this, you can choose not to use stoploss but order with a low amount, about 1% of your account. Your account will definitely not burn out. 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 don't think you should blame those big fishes.
We all know how cryptocurrencies are so volatile and we can't really identify how would they behave. The best thing to do now is just wait. If you immediately sold yours, I think you already lost but with this kind of market, there will be no way that we can't have those chances to reinvest
We all know how cryptocurrencies are so volatile and we can't really identify how would they behave. The best thing to do now is just wait. If you immediately sold yours, I think you already lost but with this kind of market, there will be no way that we can't have those chances to reinvest
As long as you are not greedy trading is good choice. Greed is something that often leads to losses.
It's important to set realistic goals according to your capabilities, both financial and your skills and experience, don't expect too much in too short period of time and have patience. Nevertheless, loss is not possible to avoid, sooner or later you will face it but as long as you respect your limits you will be able to handle it. Don't overestimate you, that is very important.
It's important to set realistic goals according to your capabilities, both financial and your skills and experience, don't expect too much in too short period of time and have patience. Nevertheless, loss is not possible to avoid, sooner or later you will face it but as long as you respect your limits you will be able to handle it. Don't overestimate you, that is very important.
Stop loss is one of the most useful tools in trading. Personally, I lost a significant amount of money just because I was standing in a business with a shoulder without stop loss.
Unfortunately, it is now especially difficult to choose the correct stop size due to the fact that market manipulators simply simply knock out the stops with certain actions.
However, even taking into account this factor, it is impossible not to use such a useful tool, because you will certainly lose more without using it.
Stop loss minimizes your risks and chances of making a mistake.
Stop loss can be a life saver all the time. What I mean is; stop loss can help us to lessen our losses. All of professional traders have stop loss in every trade. You cannot do stop loss without discipline and that's why most of the people are failing in trading. Having a stop loss is a form of a sucessful and profitable trader. If you do not have stop loss then it most likely to lose in a trade. Unfortunately, it is now especially difficult to choose the correct stop size due to the fact that market manipulators simply simply knock out the stops with certain actions.
However, even taking into account this factor, it is impossible not to use such a useful tool, because you will certainly lose more without using it.
Stop loss minimizes your risks and chances of making a mistake.
I think that stop loss isn't a great tool especially in a market prone to constant manipulation and pumps and dumps. In a market that tends to be stable you don't need to worry about stop losses because the price usually moves by 1% a day, or even less. Bitcoin can jump 5% in an hour and this can happen a few times in one month.
Stop losses usually get hit in this market because manipulators know how to take money from traders. Traders think they're smart and set up stop losses thinking they're safe and they get hit and hit and their positions liquidated and they keep coming back with 2-3% losses and scoring further losses until they're out of money.
Stop losses usually get hit in this market because manipulators know how to take money from traders. Traders think they're smart and set up stop losses thinking they're safe and they get hit and hit and their positions liquidated and they keep coming back with 2-3% losses and scoring further losses until they're out of money.
Stop loss is one of the most useful tools in trading. Personally, I lost a significant amount of money just because I was standing in a business with a shoulder without stop loss.
Unfortunately, it is now especially difficult to choose the correct stop size due to the fact that market manipulators simply simply knock out the stops with certain actions.
However, even taking into account this factor, it is impossible not to use such a useful tool, because you will certainly lose more without using it.
Stop loss minimizes your risks and chances of making a mistake.
Unfortunately, it is now especially difficult to choose the correct stop size due to the fact that market manipulators simply simply knock out the stops with certain actions.
However, even taking into account this factor, it is impossible not to use such a useful tool, because you will certainly lose more without using it.
Stop loss minimizes your risks and chances of making a mistake.
Before judge stop loss you have to know about "life saver" that you wrote on the topic title. Because stop loss only will save life (life of fund actually), but I will not improve. Means you can't get profit more than stop loss that you have been settings. For this reason we can call life saver to stop loss. I won't consider it as a evil although I got REKT so many times. But who know what is going on upcoming times. Stop loss, could save your fund from huge loss although you can't make huge profits. We should realize that something is better than nothing. Instead of become loser why not just saty stable with stop loss. But I know everyone have different opinions and they would be right as well, I respects everyone's legit opinions.
I wanna remind Newton's law,
Stop loss is very important in terms of trading, we should consider placing our stop loss before the trade. The reason why it called stop loss is simply because to lessen our losses. There are many way of setting up a cut loss. There are people who placing it before the support level, before the breakout or a percentage stop. Having a stop loss in every trade can be considered as a good risk management.I wanna remind Newton's law,
Quote
For every action, there is an equal and opposite reaction
So for stop loss would be same, it would works differently for every each person. That's means you are also right from your end although some other would not agree with.Very true, I never thought that stop loss is an evil, it's very important especially if you are a day trader and can't focus much on it, as much as possible and it is really a golden rule that you need to have stop loss if not you are taking risk all the funds that you have instead of maximizing it you will get at rekt.
Before judge stop loss you have to know about "life saver" that you wrote on the topic title. Because stop loss only will save life (life of fund actually), but I will not improve. Means you can't get profit more than stop loss that you have been settings. For this reason we can call life saver to stop loss. I won't consider it as a evil although I got REKT so many times. But who know what is going on upcoming times. Stop loss, could save your fund from huge loss although you can't make huge profits. We should realize that something is better than nothing. Instead of become loser why not just saty stable with stop loss. But I know everyone have different opinions and they would be right as well, I respects everyone's legit opinions.
I wanna remind Newton's law,
Stop loss is very important in terms of trading, we should consider placing our stop loss before the trade. The reason why it called stop loss is simply because to lessen our losses. There are many way of setting up a cut loss. There are people who placing it before the support level, before the breakout or a percentage stop. Having a stop loss in every trade can be considered as a good risk management. I wanna remind Newton's law,
Quote
For every action, there is an equal and opposite reaction
So for stop loss would be same, it would works differently for every each person. That's means you are also right from your end although some other would not agree with.
I think it's not okay to do a stop loss when doing business. Because there is no reason to be disappointed about the loss of profits in doing business you can learn only if wrong Do not lose the stop from where you lose then try again from there So correct your mistakes and move forward.
Before judge stop loss you have to know about "life saver" that you wrote on the topic title. Because stop loss only will save life (life of fund actually), but I will not improve. Means you can't get profit more than stop loss that you have been settings. For this reason we can call life saver to stop loss. I won't consider it as a evil although I got REKT so many times. But who know what is going on upcoming times. Stop loss, could save your fund from huge loss although you can't make huge profits. We should realize that something is better than nothing. Instead of become loser why not just saty stable with stop loss. But I know everyone have different opinions and they would be right as well, I respects everyone's legit opinions.
I wanna remind Newton's law,
I wanna remind Newton's law,
Quote
For every action, there is an equal and opposite reaction
So for stop loss would be same, it would works differently for every each person. That's means you are also right from your end although some other would not agree with. 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.
In my opinion, victimization stop-loss usually avoids loss It are often utilized in every kind of trade short-term or long-term trading are often avoided if you employ stop loss. however this can be whole unsuitable for newcomers as they open trade with no plan concerning trade. the largest drawback are going to be after you understand that the movement of the trade is in no method similar Then your call could appear wrong.
Stop loss can frustrate you sometime but it is definitely a life saver. Sometimes it happens that after eating your SL market move in the same direction you wanted but manytimes it happens that if you do not put a SL, market keeps on moving in the opposite direction untill it eats your account, so accepting small loss is always better than to risk the whole account. The best way to keep SL is few pips away from swing high or swing low. I hope it helps.
Controlling your emotion by putting stop loss is a good for a trader because not all the time your analysis is correct there will be a time your analysis can change direction this stop loss will help you to avoid losing a lot of money or liquidating your fund.
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