Topic: Stop loss feature in Exchanges - page 4. (Read 20633 times)
This procedure, 'stop loss', that has been applied by many exchanges is really a practical and and essential feature because it saves a good deal of your money from being lost and and protect your total capital.
In this unpredictable price action of crypto stop loss feature is necesary to minimize the loss, all coin was possible going down to more than 10% just in 1 hours and in this situation we not possible to cut the loss by manual, so we need feature of stop loss to cut the loss by automaticly.
On the contrary, stop loss will also let you lose without gaining it back, this features is very useful if you are playing day trade or short term goals,with how the market behaves it's far better to study the market first before you make any decisions, it will gives you enough time letting you to
enter the market with combinations of strategy including this stop loss functions.
This is a great feature and I think it is very important and necessary for many traders and investors to sell their assets on time
In this unpredictable price action of crypto stop loss feature is necesary to minimize the loss, all coin was possible going down to more than 10% just in 1 hours and in this situation we not possible to cut the loss by manual, so we need feature of stop loss to cut the loss by automaticly.
I think first you should be careful when using the stop loss feature.because stop losses is very important and necessary for a treader.the best option to have an effecient stop loss for such type of trading is by use a marginal trading entresol.
I think we should be careful when using the stop loss feature in exchanges.and you really need to be placing if your stop losses.we should use stop loss when trade on the all kind of asset, include crypto, stocks, forex etc.
Some exchanges support the "trailing stop" function. It can be used as a stop-loss feature. You set a bid order for selling your coins. Also you define the sell value which should be below the market price by several percent. The trailing stop follows the market price if it grows. When this price is reduced to the value you defined, this order is completed. Thus the exchange can automatically sell your crypto-currency and you do not need to watch the coin price and be aware of the current positive movement trend.
In my opinion stop loss features on the exchange is very usefull to minimize the risk from wrong analysis and price prediction, we can see now many altcoin going down more than 80% and this stop loss will cut the loss from market crash. From my experience in crypto trading , iam been loss much money because did not use this feature. We need this feature when the market crash to cut the loss, and we can rebuy back at lower price so the amount of the coins will be more so we can make profit faster when the price going up back. We should use stop loss when trade on the all kind of asset, include crypto, stocks, forex etc.
I never encounter such a tool on the exchange. Can you please tell what exchange are you telling about? I only believe in my manual analysing of market condition I never use tools in buying selling my coin. In any case, that's for the info.. I will surely look at it myself if I.bump that tool.
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 dont want to repeat same sentences regarding your question but i will highlight the main stuff based on your trading experience. Stop loss is like red light on traffic light: There are stop sign on road but light is not pressing gas pedal. Personally i dont use it frequently but this feature is big plus for traders who uses both risky and safe class assets.
No, it is not very useful things for sure. Be careful about the stop loss trading system. If you don't know how to process it, then you can lose your capital! I was trying to learn how to use it after then I decide I am okay with my previous trading style, I don't need this feature. Bot trading, stop loss trading will take more time to understand properly.
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?
Stop loss feature is not something new in exchanges; it has been for a while with just very few people knowing how to utilize it. However, for most exchanges, you really need to be placing your stop loss in a very reasonable spot which is the reason why it is not usually palatable for someone who is scalping or day trading and the best option to have an effective stop loss for such type of trading is by using a Marginal trading platform like Bitmex.
For me it was the most difficult to learn how to accept the loss. Using stop loss for a trader is essential,
to reduce the loss. Having stop loss feature on exchanges will help in the execution of trades.
to reduce the loss. Having stop loss feature on exchanges will help in the execution of trades.
It is not a new thing in this field. It had from a long time especially in the forex and stock market.
It aims at limiting a possible loses on a crypto currency trade. All we know if the price goes up than we can make profit and if the market goes down than we make lose. It help for avoid too much lose by selling automatically. Crypto currency exchanges use this function heavily. I can suggest top three and amazing exchanges for use stop lose function. (1) Binance (2) Poloniex (3) Kraken
It aims at limiting a possible loses on a crypto currency trade. All we know if the price goes up than we can make profit and if the market goes down than we make lose. It help for avoid too much lose by selling automatically. Crypto currency exchanges use this function heavily. I can suggest top three and amazing exchanges for use stop lose function. (1) Binance (2) Poloniex (3) Kraken
Stop loss have always been in various exchange I have used for many years. Except for decentralized exchange, the top tier exchange of cryptocurrency have stop-loss tool to help and protect traders in time of market dump!
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?
Stop loss feature is not something new in exchanges; it has been for a while with just very few people knowing how to utilize it. However, for most exchanges, you really need to be placing your stop loss in a very reasonable spot which is the reason why it is not usually palatable for someone who is scalping or day trading and the best option to have an effective stop loss for such type of trading is by using a Marginal trading platform like Bitmex.
Stop loss feature in exchanges is good because it helps traders to reduce a very high loss especially when there is a big manipulation from whales.
A trader may buy a coin especially when the indicators tells him to buy,but whales might push the price 60% below the support level.
When this happen,whales will accumulate a very big amount of coin and be selling it at the price majority of average traders didn't buy,and if someone use stop loss he might loose only 7% of his coins instead of 60% of which if he is smart enough he will buy many units of that coin and make more profit.
Many traders loose 80% of their coins/tokens because they were using exchanges with no stop loss features.
Stop loss also helps trader to adjust the price of the coin they bought especially when the price is moving up.
For example,i may buy a coin at 20 sat ,and it moves up to 30sat.What i normally do is to adjust the stop loss to 26sat so if the price keeps moving up i will make more profit ,if it moves down,i still take profit.
A trader may buy a coin especially when the indicators tells him to buy,but whales might push the price 60% below the support level.
When this happen,whales will accumulate a very big amount of coin and be selling it at the price majority of average traders didn't buy,and if someone use stop loss he might loose only 7% of his coins instead of 60% of which if he is smart enough he will buy many units of that coin and make more profit.
Many traders loose 80% of their coins/tokens because they were using exchanges with no stop loss features.
Stop loss also helps trader to adjust the price of the coin they bought especially when the price is moving up.
For example,i may buy a coin at 20 sat ,and it moves up to 30sat.What i normally do is to adjust the stop loss to 26sat so if the price keeps moving up i will make more profit ,if it moves down,i still take profit.
I don't use such feature in crypto trading. All I do is just buy when I had a good feeling that the price will move up in the next couple of days. And sometimes I do cut the loss when I am in a bad mood in regards with the price movement. Such feature maybe good for others but for me, it won't improve anything at least till today.
Yes, that is a prediction, it is your senses, me too, trust and buy into hold waiting for the opportunity to increase the price to sell, no need to use any features in the market This 
Is this true that in the future asset trading in the market has a stop loss feature, if so, this feature is very useful to avoid large losses when there is a decline in asset prices on the market
People just do not make use of them; this is something that I have always used on bittrex and binance. But for some of this platforms, it works best for those who are into long term trading or using the longer time frame to trade and not for those who are scalpers and using a very low time frame, because you will not get your stop loss executed in that manner. Although, there are platforms that still offer effective stop loss, such as bitmex and the likes, but at this point, you are not in the lane of normal trading but marginal trading.
Personally I always features stop loss in my trading plan to avoid heavy losses bearing in mind that Cryptos are very volatile that is why I traded with the exchange that has such a feature hence I always deployed a very wide stop loss according to percentage of my total investment eg 2%
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