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Topic: Stop loss feature in Exchanges - page 3. (Read 20633 times)

member
Activity: 364
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January 09, 2019, 11:50:41 AM
#74
There is a recent addition in most exchanges and that is stop loss capabilities. Do you think this will improve trading experience and ensure one remain profitable on the long run? What is your thought about this?

it depends on how we use it, but usually this is only good at certain times, so we shouldn't be able to use this feature, in the past year, this feature was often used for illegal activities such as pump / dump and combined with bots, who knows what now there are still or no problems like this. If we think that the market will tend to fall, it's better not to buy first rather than having to use the stop-loss feature
full member
Activity: 1750
Merit: 118
January 09, 2019, 03:10:23 AM
#73
There is a recent addition in most exchanges and that is stop loss capabilities. Do you think this will improve trading experience and ensure one remain profitable on the long run? What is your thought about this?

It is absolutely a positive thing. the exchanges are becoming more advanced because the number of players that need them has increased. The stop loss is one of the best tools for to protect your investment
I also understand this as a protection for traders, and this is important to avoid the biggest losses in trading.
all exchanges should have this feature to protect users.
Maybe in future almost all exchange will add that feature. Because in past only a few who has it. But maybe they have their own reason why not add that feature since first open their exchange, like bittrex for example.

yes i agree on what TopT3ns said ,  alot of exchange dont have a stop loss feature .  that is also the reason on why many traders have lost thier assets because before but good thing that some exchange already realized the importance of this feature .

I think this feature is often used by beginners and it is also good for both parties,

no . it isnt only for beginners becase this can also be useful for pro traders that trade oftenly  .

beginners choose an exchange that has this feature because some of them may play it safe .

no not really .  beginners are not picky .  they will use any exchange to practice trading and they didnt even know about this feature  .
legendary
Activity: 3808
Merit: 1723
January 09, 2019, 02:55:14 AM
#72
One thing you need to remember with stop losses is that they might not always work effectively depending on where you set your stop loss.

A few days ago some angry Bitmex user said his stop was executed at $4000 but he set it actually at $3850 and resulted in a huge loss. Looking at the chart data you can see that price very quickly went from $3850 to $4040 and set up a chain domino effect of buying due to stop losses and margin calls, and most likely there was no sellers at $3850 for that user and it didn't fill until $4000. This user was short BTC.

This is why if you set a stop loss under or above a major resistance/support area you might have trouble getting it filled, especially with no slippage.  Similiar situation happened when the $6000 yearly support was broken last November. There was massive selling and no buyers left and hence the reason why it dropped so low so fast.

A good example of stop loss slippage in the stock market is during the USA employment numbers report which comes out on the first Friday of every month, usually there is a crazy spike and your stop loss can easily not get filled.
hero member
Activity: 2548
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January 08, 2019, 09:46:57 PM
#71
There is a recent addition in most exchanges and that is stop loss capabilities. Do you think this will improve trading experience and ensure one remain profitable on the long run? What is your thought about this?

It is absolutely a positive thing. the exchanges are becoming more advanced because the number of players that need them has increased. The stop loss is one of the best tools for to protect your investment
I also understand this as a protection for traders, and this is important to avoid the biggest losses in trading.
all exchanges should have this feature to protect users.
Maybe in future almost all exchange will add that feature. Because in past only a few who has it. But maybe they have their own reason why not add that feature since first open their exchange, like bittrex for example.
sr. member
Activity: 1008
Merit: 297
Grow with community
January 08, 2019, 08:19:22 PM
#70
Honestly I have been in crypto for 6+ years now and last month was the first time I have ever used stop loss. I am more into trading methods right now than I have ever been because I have already made my profit and take it out so I am basically trading with profits only and that means I can lose all of it and still be fine with it since its quite low amount and not my own money (well it is mine but it feels like not mine) hence long story short it feels like its fine for me to test these things out.

I tested stop loss at 3900 recently and it went under it and it sold it and I rebought it at 3600ish levels, I am really happy with that because we know the trend levels of bitcoin right now and if you move accordingly it is quite easy to make profits. Now I put a sale at 4150 which is about the max we reach (around 4200 or so but I didn't want to risk it) and put another stop loss at 3900 again. Lets see which one will happen.

That's how it should play it

Price actions always reversed, so protecting your investment with triggered sell will do the trick rather than hold and watching your portfolio lower its value

however, you should know what you're doing to not be eaten up by frequent stoploss and will start FOMO upon price pump
hero member
Activity: 2114
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Leading Crypto Sports Betting & Casino Platform
January 08, 2019, 06:40:23 PM
#69
There is a recent addition in most exchanges and that is stop loss capabilities. Do you think this will improve trading experience and ensure one remain profitable on the long run? What is your thought about this?

It is absolutely a positive thing. the exchanges are becoming more advanced because the number of players that need them has increased. The stop loss is one of the best tools for to protect your investment
I also understand this as a protection for traders, and this is important to avoid the biggest losses in trading.
all exchanges should have this feature to protect users.
hero member
Activity: 2828
Merit: 518
DGbet.fun - Crypto Sportsbook
January 08, 2019, 05:08:10 PM
#68
I think this function is a great tool that gives investors the opportunity to collect profits. Stoploss at the right time can help you overcome your greed to succeed. From what I know professional traders all use stoploss to minimize the risk when the market changes unexpectedly and make you fail to keep up.
Stop-loss is one strategy that could help for a safe play but still you need time and focus on our trades.  But not all the time you'll be profitable when there is unexpected huge dump of prices. You can still be losing if you don't have time study flows and it's market chart,  so therefore, you should always checkinh you trades every now and then.
full member
Activity: 1106
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★777Coin.com★ Fun BTC Casino!
January 08, 2019, 03:01:45 PM
#67
There is a recent addition in most exchanges and that is stop loss capabilities. Do you think this will improve trading experience and ensure one remain profitable on the long run? What is your thought about this?

It is absolutely a positive thing. the exchanges are becoming more advanced because the number of players that need them has increased. The stop loss is one of the best tools for to protect your investment


In trading we can definitely do some mistake and it common for all people the things we can do love is changing the habit and learning something you will be very useful for the future that we cannot do that mistake anytime again if you learn that it will be more useful in the future
hero member
Activity: 728
Merit: 500
MenaPay - Crypto made easier than cash
January 08, 2019, 02:18:50 PM
#66
There is a recent addition in most exchanges and that is stop loss capabilities. Do you think this will improve trading experience and ensure one remain profitable on the long run? What is your thought about this?

It is absolutely a positive thing. the exchanges are becoming more advanced because the number of players that need them has increased. The stop loss is one of the best tools for to protect your investment
legendary
Activity: 1554
Merit: 1054
January 08, 2019, 02:07:33 PM
#65
Honestly I have been in crypto for 6+ years now and last month was the first time I have ever used stop loss. I am more into trading methods right now than I have ever been because I have already made my profit and take it out so I am basically trading with profits only and that means I can lose all of it and still be fine with it since its quite low amount and not my own money (well it is mine but it feels like not mine) hence long story short it feels like its fine for me to test these things out.

I tested stop loss at 3900 recently and it went under it and it sold it and I rebought it at 3600ish levels, I am really happy with that because we know the trend levels of bitcoin right now and if you move accordingly it is quite easy to make profits. Now I put a sale at 4150 which is about the max we reach (around 4200 or so but I didn't want to risk it) and put another stop loss at 3900 again. Lets see which one will happen.
full member
Activity: 225
Merit: 100
January 08, 2019, 08:36:21 AM
#64
I think this function is a great tool that gives investors the opportunity to collect profits. Stoploss at the right time can help you overcome your greed to succeed. From what I know professional traders all use stoploss to minimize the risk when the market changes unexpectedly and make you fail to keep up.
member
Activity: 462
Merit: 11
January 08, 2019, 03:35:09 AM
#63
Use stop loss in trading is one of the risk management so that mean we should be use it for every single trade. I been loss much money in crypto trading because did not use stop loss and i used exchange that does not offer this feature. Just like forex trading and stocks trading we should be use stop loss and take profit in every open potition to avoid big loss and to make profit by consistently.
member
Activity: 476
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WPP ENERGY - BACKED ASSET GREEN ENERGY TOKEN
October 26, 2018, 07:26:51 PM
#62
One of the big my mistake in crypto trading is did not use stop loss, i was loss more than 50% because i did swing trading and i dont have many times to monitor the market . The price of crypto very high fluctuacion and in one day the price can be going up and down more than 50% , so use stop loss is must be in crypto trading. Currently only some exchange provide this feature,  so for the better only use exchange that provide this feature.
member
Activity: 364
Merit: 10
October 26, 2018, 11:42:32 AM
#61
There is a recent addition in most exchanges and that is stop loss capabilities. Do you think this will improve trading experience and ensure one remain profitable on the long run? What is your thought about this?

I think this feature is often used by beginners and it is also good for both parties, beginners choose an exchange that has this feature because some of them may play it safe, while the exchange also has more traders who naturally increase their trading volume
jr. member
Activity: 252
Merit: 1
October 26, 2018, 08:18:13 AM
#60
Stop-loss is an order placed by a broker to sell a crypto when it reaches a certain price. One uses this order for risk management purposes. In case of unfavorable market situation, it is possible to limit losses.Some benefits of using the Stop-loss command: Preserving your property, Preventing a bad situation from getting worse, Getting at least some profit
newbie
Activity: 29
Merit: 0
October 23, 2018, 09:33:53 AM
#59
Surely, this tool is amazing as it helps to minimize losses. Obviously, only experienced traders will get the maximum profit using stop loss, but I like that crypto exchanges introduce new features. Some day we will see fully-functional exchanges with a lot of pro tools available for everybody. It’s even better that newcomer-oriented platforms launch such features, too. For instance, CEX allows using stop loss when you are on the margin trading screen (https://cex.io/margin-trading). I hope that exchanges will launch educational guides for new traders to learn about those tools.
full member
Activity: 462
Merit: 101
BitcoinSN - The Real Bitcoin!!!
October 17, 2018, 02:09:43 PM
#58
There is a recent addition in most exchanges and that is stop loss capabilities. Do you think this will improve trading experience and ensure one remain profitable on the long run? What is your thought about this?
I would really take this as a added feature in exchanges as this will really helpful to investors at the time of fall as this will reduce the losses of many investors.But also in general people can people will be helpful if only used in right manner and at right time.
jr. member
Activity: 210
Merit: 1
October 16, 2018, 07:38:42 PM
#57
in my opinion it's just a security feature, someone can use it or ignore it so it doesn't affect the trading experience, someone will only sleep more calmly when using that feature
full member
Activity: 532
Merit: 103
Fast, Smart, Trustworthy
October 16, 2018, 03:05:52 PM
#56
You should be careful when using the stop loss feature. Institutional investors use the fact that many people set stop losses (as they are usually taught to do) to artificially engineer liquidity in the market. Moreover, they intentionally trigger the obvious stop loss levels by pushing the price toward them. For example, if their real intention is to go long, they may push the price below a certain level they know most of the retail investors set their stop losses at, and then, when these levels are triggered they can have enough liquidity to go long. If you don't want to get burned in such a way, better learn how these things work and how to identify institutional manipulations before getting into this stop loss feature.

Well said. Hope this will be understandable to everyone. Stop loss should only be used if you'll not trade for a longer period of time. If you will leave for too long and off the market you should not do this especially if you are just planning to hold the trade for few days.
member
Activity: 336
Merit: 71
October 16, 2018, 02:51:54 PM
#55
Stop limit orders should be an absolute standard in this space, and honestly so should trailing stops... deeming these as features is kind of ridiculous considering the millions that move across them in liquidity. 
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