I still see by the pattern and check the support.
how much volume at the rate with many supports.
if it's slowly going down and history or orders for "pump" is low and "dump" is high, I should sell it before it's down too hard and waiting for buyzone.
you should join the community with devs or other members in it, too.
Topic: Stop-Loss ideas - page 2. (Read 1408 times)
I don't know if the stop-loss mechanic is such a good idea when trading crypto; more than often one gets a coin for a certain price, then value drops 40% or so below said price, after which the price absolutely skyrockets. You would basically deny yourself a possible substantial future profit in many cases when you actually implement a stop-loss tactic.
Stop loss strategy in cryptocurrency trading may not always fit, but could be very useful at a lot of cases.
The biggest con about using a stop loss is that sometimes the market may fall into a dip(altcoins are usually being traded at low volumes, so even if a single tycoon want to sell all of his holdings, it may cause a sudden and temporally dip) and then your stop loss order will be triggered, and you will sell at a very low price at an oversold position.
Some whales are using people's stop loses to catch assets at a lower price( sudden dip, which causes a lot of stop loses to be triggered, and then the price even goes lower, at a very deep oversold position).
On high volume markets stop loss could be very useful, because sudden dips don't usually happen, and when they happen, it happens for a reason, so it may save you from losing more then you could afford to.
Stop-Loss is a most of the part of trading. If you don;t know how to setup it you can watch video tutorial then you can see and know details of stop-Loss system. Stop - Loss make a profit to you without net connection . when you setup your target then when market go there and your profit will be tack without your absence.
sometimes I make a mistake when buying bitcoin at the top and hope it will continue to climb, but it turns down, and I cut my losses, after that I wait until bitcoin is stable and buy it. Because I'm sure the price will always go up, must be patient and good at reading the btc situation
i am using 10% take profit and 5% stop loss. you can change it 20-10 or 30-15 up to you.
I monitor my trade manually when trading on exchanges with no stop loss feature. If I use stop loss, I first monitor my trade to see that I am already in profit, then I set about 10 to 15% stop loss to protect my profit should in case the price start crashing
I just started trading and would have saved a lot of heartaches if I'd read up on stop-loss booking. 
Now what I do is check the fluctuation history of the altcoin. For example if the average fluctuation from current price is 5% loss I set that as my stop limit and sell at around 5.5% loss to give a bit of leeway. But if I REALLY trust on the coin and it's performance then I don't use stop-loss even if it goes down at troubling levels with the hope that it will sling back up in a bullish run. High risk-High rewards. Fair warnings.
Now what I do is check the fluctuation history of the altcoin. For example if the average fluctuation from current price is 5% loss I set that as my stop limit and sell at around 5.5% loss to give a bit of leeway. But if I REALLY trust on the coin and it's performance then I don't use stop-loss even if it goes down at troubling levels with the hope that it will sling back up in a bullish run. High risk-High rewards. Fair warnings.
Well this is very subjective question because it will depend upon your risk appetite. If you can take risk then at present you would have seen that even you had purchased btc before the prices fell below 3k . So normally people have panic and sold off but if you had risk capacity then you could have hold and now its back above 3800$.
As I tried daytrading to get familiar, I tried stop loss at poloniex as it ran still proper.
The results of 10% or 20% stop win/loss were pretty bad because of following reasons:
The results of 10% or 20% stop win/loss were pretty bad because of following reasons:
- Most cryptocurrencies are quite volatile on short term
- Stop-loss orders were not dynamic
if you are in short position you can use %20 stop loss and %20 take profit.
Hello; I'm pretty new at trading crypto. I'm interested about thoughts and strategies about stop-loss percentages and strategies you guys use. at first I would not sell at a loss regardless my motto was "at least 5% profit, always" but if I want to trade more with a limited budget, I need to back out from certain coins even at a loss. that's why I'm interested about this topic.
In the trading world(I mean USD/EUR, EUR/JPY) and other markets using the stop loss and take profit orders is the greatest and the best way for you to make money off your investments but it should be used carefully, because you might regret that you stopped your trade too early cos of these two.
Most of the professional traders don't used stop lose in trading bitcoin and altcoins. The reason why they don't used stop loss is because they always do their analysis in place and they don't over trade. Most of them trade with just 2% of they risk capital. I have been trading for quite some time now and I have never used stop loss and I hardly lose in trade!
Hello; I'm pretty new at trading crypto. I'm interested about thoughts and strategies about stop-loss percentages and strategies you guys use. at first I would not sell at a loss regardless my motto was "at least 5% profit, always" but if I want to trade more with a limited budget, I need to back out from certain coins even at a loss. that's why I'm interested about this topic.
That idea of stopping your loss and taking profit was actually created so that if you are investing you won’t lose too much of your investment or you would be able to cash in on the market lets say when you are sleeping and the market moves in your favor.A stop-loss level must be derived from technical analysis like a stop-level must mean to change of current trend. Otherwise we may lose profits by putting stop-loss in high fluctuate market conditions.
Thanks for the topic and everyone for the answers. Can someone share interesting sites or articles on this topic ?
Hello; I'm pretty new at trading crypto. I'm interested about thoughts and strategies about stop-loss percentages and strategies you guys use. at first I would not sell at a loss regardless my motto was "at least 5% profit, always" but if I want to trade more with a limited budget, I need to back out from certain coins even at a loss. that's why I'm interested about this topic.
I am just new at trading as well and many times I must admit I also committed mistakes of choosing an altcoin that really tanked...then I am trapped as the value is really less than half of what I bought them. I still kept some of them in the hope that one day they will find the needed energy to mount a pump. However, there will come a time when I would push them for sale so that I can convert them back to Bitcoin which is right now back on the swing. Cutting losses can be important because we are running against time here. If you think that a coin is still sleeping you might as well transfer the same value to another coin which has the potential for more growth.
Hello; I'm pretty new at trading crypto. I'm interested about thoughts and strategies about stop-loss percentages and strategies you guys use. at first I would not sell at a loss regardless my motto was "at least 5% profit, always" but if I want to trade more with a limited budget, I need to back out from certain coins even at a loss. that's why I'm interested about this topic.
Having stop-loss is always been suggested because if im having this kind of limits i wont easily burn up my money if prices would go on opposite way.Motto is always on earning a percentage depending on our target. You can make trailing stops later on if you are ready on the risk ahead if you do believe that prices might still go or down even more.This is my trading style. Trailing stops would comes next if i do know that prizes would potentially go in the right way im expecting.
It may be helpful to base your stop-loss at around the previous lows and tolerance level of losing. Charting is really helpful on this, I suggest that you may want to take time to learn charting and actually read and interpret the charts yourself, there a lot of materials around the web for this. Don't forget to take a look on your market volume. You wouldn't want illiquid market unless you want to wait for days to fill your orders. Goodluck.
I am also new to crypto trading, I sometimes make a mistake when buying bitcoin while on peak and hope it will continue to climb, but it turns out the candle bar decreased, when I was in such situation I wait about 1-1.5% loss and i cut my loss, after that i waiting until the bitcoin going to stable and buy it. because i believe the price will always go up, it will go down and floating. and in that floating price i make it as entry point
Hello; I'm pretty new at trading crypto. I'm interested about thoughts and strategies about stop-loss percentages and strategies you guys use. at first I would not sell at a loss regardless my motto was "at least 5% profit, always" but if I want to trade more with a limited budget, I need to back out from certain coins even at a loss. that's why I'm interested about this topic.
Well as a good trader you should always put a stop-loss in any trade this is applied to avoid losing all your investment this is applicable to those trading with candlesticks and do not forget to trade with 5% to 10% of your total investment and trade with the amount of money you can afford to lose. 
Hello; I'm pretty new at trading crypto. I'm interested about thoughts and strategies about stop-loss percentages and strategies you guys use. at first I would not sell at a loss regardless my motto was "at least 5% profit, always" but if I want to trade more with a limited budget, I need to back out from certain coins even at a loss. that's why I'm interested about this topic.
I am just new at trading as well and many times I must admit I also committed mistakes of choosing an altcoin that really tanked...then I am trapped as the value is really less than half of what I bought them. I still kept some of them in the hope that one day they will find the needed energy to mount a pump. However, there will come a time when I would push them for sale so that I can convert them back to Bitcoin which is right now back on the swing. Cutting losses can be important because we are running against time here. If you think that a coin is still sleeping you might as well transfer the same value to another coin which has the potential for more growth.
Jump to: