Topic: Stop loss feature in Exchanges - page 5. (Read 20633 times)
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.
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?
What recent addition? stop-loss have existed before. I'm not sure what exchanges you are talking about. As long as you know how to used it then you should be good. The problem is that newbie traders doesn't understand it and thinking that using this method will save them from such losses. There's no fool proof strategy here. Everything is at risk so its going to 50/50 in my opinion.
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.
Stoploss is good but when it comes to volatility nature of crypto prices then most of the time or high chances that these would be always triggered specially when manipulation do exist or having big swings on prices.These are only good when we do trade up with forex and stocks but on crypto im not really using up much because i know it can really be triggered or reached easily unlike if you do let just make it on negative float you do have still the chance to recover.
Stop loss is essential to maintain your investment. You have to understand that there is money we can continue to play.
I think stops are OK for margin trading (like XBT/USD on Bitmex), so you dont lose everything. I dont use stops at all while trading alts on Binance
Yes, it's true that experience like that will be able to increase your income in the long run and I don't think it's ever a problem.
I am not in favor of it, I still in the favor of hodling until you earn decent profit.
Thank you for your suggestion, I know this is as common as it gets and you are probably writing this for merit or post count or signature or whatever but in the end people do need a reminder that when their portfolio looks like its bleeding its because they did not properly used the stop loss option, I am one of those people too.
I don't know why we do not put a sell order at a level which would make sense so that we won't lose too much when the market goes to full bear mode.
I also use buy method where I put some money on low amounts like crazy low and hope that one day someone will be stupid enough to get there from buying all of the market.
I don't know why we do not put a sell order at a level which would make sense so that we won't lose too much when the market goes to full bear mode.
I also use buy method where I put some money on low amounts like crazy low and hope that one day someone will be stupid enough to get there from buying all of the market.
stop loss is very necessary when you hold long term. i have lost 30% when not putting cutloss for ethereum
I have lost and hope you are not like me
I have lost and hope you are not like me
Nowadays, there are quite a lot of people applying for this campaign, I find that the lower the price of coins, the more we buy, do not worry too much about buying, will reduce your risk, and reduce the risk. So do not worry too when the market falls
Stop loss button in an exchange platform is a vital tool in the platform which help traders to mitigate their losses. As a trader there are some precaution that you need to observe so that you will be able to trade for a while before you lose your trading capital. Stop loss is a major part of the precaution. It is an innovation which this exchange has introduced and will attract more client to them.
Anyway I don't know why, by instance on Binance (but probably on other exchanges aswell) it's not possible to put at the same time Stop Loss and a Limit Order. I mean, I want to put my target price (high one) and the stop loss, and I've tried several times with no chance at all. So everytime I must choose between putting stop loss or my target price and this is very risky due sometimes I could lose the target or miss the stop loss , maybe when I'm sleeping..
Experienced traders don't use this function. Every second is valuable, the swing can dramatically change it's direction, and if you have this function on - you lost right away. (Lost the chance to see market change / lost your chance to earn full profit). It's better to be able to control the situation then just watch it.
When firstly i learned about crypto trading, i was loss much money and also sometimes missing big profit when the price bull run, and then asked to my friend, what is the solution for this my problem, and then he suggested me to use exchange that has feature of stop limit, this feature we can use for stop loss and trailling stop. He said we will never know how high the price of crypto going up when bullish market and we will never know how deepest the price will going down when bearish, so this stop limit function will help to minimize risk and maximum the profit.
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
If some is an experienced trader, stop loss is a great tool..I always use it even though I am not experienced at all. So, many times I set it wrong and I get stopped out before the trade goes in the direction I wanted afterwards. So, in summary, it's a great tool, but you need to learn how to use it or it will cause you to lose money..
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?
This features will allow you to stop to a certain amount that you set in if you want to place your orders while you are away, so that you could control your losses. But this features is not advisable for newbies, this features is advance and for veterans only, who knows what time their losses will strike or how much, so in order to use it you should have at least a previous record of your losses.But if you don't like it then you will have to manually do your own trading than to risk this features if you are not too comfortable with it.
That’s great, and it can really help you to prevent from losing big money. You must really set your stop loss is price and this move by the exchanges allows you not to forget to sold your token on that loss price. What exchanges have this function right now? I hope every exchanges does this thing.
unfortunately not all exchangers have stop loss facilities, maybe they should do it manually.
only the big exchanger has it, this is a warning for traders to always check the exchanger. at least we avoid big losses.
only the big exchanger has it, this is a warning for traders to always check the exchanger. at least we avoid big losses.
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 not new as most exchanges have been offering this before, except that for very short term trades, it may not be very effective considering how volatile the market is.Sure, it would improve a lot of things for traders since most of the time you will need to stop your loss manually and in that case, since the market is 247 and over the night while sleeping, you may have accrued huge loss already before waking up. At least with this you sure know you are covered as long as your stop loss is automatically active.
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