I think the best way is to create your own rules, when the hole at some level you accept we should cut losses and execute other orders
Topic: stop loss management - page 5. (Read 13818 times)
It is not some sought of prediction but the sign of a good businessman is that he will have insight about the possible rise in the portfolio in a particular interval of time given good market condition so it should not be based on arbitrary numbers.
I like that! Sight of a good businessman!! Simply put, when you approach trading like a business, you will tend to know what to always do at every point in time without any form of emotion. Yet, people also need to learn that it is not all about stop loss alone; it is about know where you actually want to be placing that stop loss which would basically be part of your strategy as you are buying and selling and in most cases, your loss should never be more than your potential profit.I know a lot of people tend to be a whole lot skeptical when it comes to the use of stop loss, but in the real sense, without it, you are easily going to be screwed.
Stop loss is an integral part of every trade and if you miss to plan it quickly, then the chances of getting liquidated like this will always be there. In fact, the best is to always plan your loss before you entry, as that would give you the chance to analyze your own trade before even making it. Usually, with a good stop loss, and a good plan which in this case, for you to have gotten liquidated, you are simply on the marginal path, so in this case, I would say, you would not have gotten liquidated if you had the right plan with your stop loss.
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Use stop loss is must be for very trade and for all trading in all asset. Stop loss should be less percentace than take profit, for me I always use stop loss in crypto trading with stop loss 5% and take profit 12%. For example if I open 10 times trade and I loss 5 times and then make profit 5 times too, so profit - Loss = I still make profit.
In fact, it is a huge must as far as I am concerned, and when it comes to a trader, it is actually a lot more important than when you are entering a trade and when you are exiting your position to sell to make profit. It is this stop loss in the first place that will make you determine your risk to reward ratio before even attempting to hit on a trade. A lot of newbies actually tend to take this for levity and it is always one of the things they tend not to put into practical action when it comes to trading the market, and let their emotions rule them instead, but in reality, buy, sell and stop loss are three major plan of every trade.Plans are plans, and it is always better to stick with them and since I have started sticking to my plans when it comes to the use of stop loss, I guess a lot have changed. Sure, the market may want to move rapidly in some aspect, and then end up activating your stop loss, and then bouncing back, which is a normal thing to see sometimes in a volatile market, but it is a lot better to let that stop loss play out than let your emotion play the best part of you.
a very confusing choice of course regarding the price of bitcoin and altcoin at this time which further decreases the price again, stop loss or not it all depends on each of us, because whatever decisions we take are all risks we will bear ourselves, so think about using our own speculations and predictions and follow our hearts to make decisions.
Nothing confusing at all when it comes to the usage of stop loss. Do you know what makes the difference between a professional trader and someone who is a novice ? Their ability to stick with their plans and never because of some emotions make the mistake of not doing exactly as planned. As long as things are not going according to plan which you already had set out before entering the trade, it is better to get out and then look out for another entry. I know a lot of people tend to be a whole lot skeptical when it comes to the use of stop loss, but in the real sense, without it, you are easily going to be screwed.
Good day fellow traders, I'm thinking of using stop loss order in my trades, can you give me some advice how you use your stop loss order?
stop loss is good if you want to protect your capital and profits placing sl is not easy in volatile markets there will be high chances that sl will be hit we cant keep it to far also i think its better to place sl for how much risk we can afford and trailing stop loss is very difficult As long as you buy at support and sell at resistance, stop loss should always be below the latest support, and that is basically something that works for almost every trade. Managing stop loss at times may not be easy, but you just have to discard any emotion when it comes to it.
Basically due to this huge price plunge, I had one of my account liquidated a few hours ago. At first I was getting a little mad and thought "Maybe I should add more BTC to this account to prevent liquidation" but then decided that I should just stick to my original plan and if I get liquidated then so what, but not to get further losses.
And it was liquidated a few hours ago, and BTC is still dropping and if I added to my losses it would of made me lose more BTC.
I know it hurts and you feel bad afterwards but its a part of trading that you need to overcome. Nothing wrong with taking a loss here or there, but getting a 100% loss is not smart and the reason why those happen is due to people who keep adding to their accounts because they think a reversal will take place soon.
And it was liquidated a few hours ago, and BTC is still dropping and if I added to my losses it would of made me lose more BTC.
I know it hurts and you feel bad afterwards but its a part of trading that you need to overcome. Nothing wrong with taking a loss here or there, but getting a 100% loss is not smart and the reason why those happen is due to people who keep adding to their accounts because they think a reversal will take place soon.
When we use stop limit feature for stop loss we can not create sell limit open potition at the sametimes, i prefer to use price condition order that we can use for stop loss and sell limit at the same times. By use stop loss and sell limit order at the same times we can maximum the profit and minimize the loss.
Well, in most cases, however you want to do it, it is imperative that no matter the trade you are getting into, you do not want to make the mistake of keeping stop loss out of it. A lot of people tend to make that mistake a lot, thinking that the market could just bounce back while they are letting their stop loss activated, but over time, as you keep being in the trading game, you will realize that it is a whole lot better to let your plan do the talking than letting your emotion do the talking which in a lot of cases, emotion is not even something you should be bringing at all into play when it comes to trading. 1. Not Determining your Stop Placement in Advance
2. Placing your Stop Based on Arbitrary Numbers
3. Moving your Stop to Break Even/Marginal Profit ASAP
5. Never Moving your Stop
Managing the loss is a very important in cryptocurrency because if you do not know how to manage the loss in the business, it is useless how good you invest and have knowledge about the technology you are dealing in.2. Placing your Stop Based on Arbitrary Numbers
3. Moving your Stop to Break Even/Marginal Profit ASAP
5. Never Moving your Stop
Good day fellow traders, I'm thinking of using stop loss order in my trades, can you give me some advice how you use your stop loss order?
Depends on the tolerance. But pick between like 10-20% swing. but be sure to regain it in like 40-50% gain. So if you minimize your tolerance it's also easy to attain those gains.
Good choice , I put my stop loss usually between 5 to 10 percents , Of course it depends the amount of your money and also the amount of risk you are eager to take, But don't put it too short because this market is very unpredictable and has a lot of up and down .
1. Not Determining your Stop Placement in Advance
2. Placing your Stop Based on Arbitrary Numbers
3. Moving your Stop to Break Even/Marginal Profit ASAP
5. Never Moving your Stop
Managing the loss is a very important in cryptocurrency because if you do not know how to manage the loss in the business, it is useless how good you invest and have knowledge about the technology you are dealing in.2. Placing your Stop Based on Arbitrary Numbers
3. Moving your Stop to Break Even/Marginal Profit ASAP
5. Never Moving your Stop
As long as you have that in place, I believe you should not have a problem at all when making a trade confidently and it is only when you know that loss is always one part of the market, you would really take it serious.
When we use stop limit feature for stop loss we can not create sell limit open potition at the sametimes, i prefer to use price condition order that we can use for stop loss and sell limit at the same times. By use stop loss and sell limit order at the same times we can maximum the profit and minimize the loss.
Use stop loss is must be for very trade and for all trading in all asset. Stop loss should be less percentace than take profit, for me I always use stop loss in crypto trading with stop loss 5% and take profit 12%. For example if I open 10 times trade and I loss 5 times and then make profit 5 times too, so profit - Loss = I still make profit.
In fact, it is a huge must as far as I am concerned, and when it comes to a trader, it is actually a lot more important than when you are entering a trade and when you are exiting your position to sell to make profit. It is this stop loss in the first place that will make you determine your risk to reward ratio before even attempting to hit on a trade. A lot of newbies actually tend to take this for levity and it is always one of the things they tend not to put into practical action when it comes to trading the market, and let their emotions rule them instead, but in reality, buy, sell and stop loss are three major plan of every trade. 
a very confusing choice of course regarding the price of bitcoin and altcoin at this time which further decreases the price again, stop loss or not it all depends on each of us, because whatever decisions we take are all risks we will bear ourselves, so think about using our own speculations and predictions and follow our hearts to make decisions.
Good day fellow traders, I'm thinking of using stop loss order in my trades, can you give me some advice how you use your stop loss order?
Now wee see the importance of stop loss management. If you do not use stop loss and get out at the right time this could happen to you all the time. We didn't ever expected this to happen and we were looking out to a higher level instead of going down. What happened was out of nowhere when a whale sold all his coins and got cash to pay someone and this is the result we have.If you ever want to get out of this type of trouble in the future, buy your bitcoins and than put a stop loss at around 5% or so levels, that way if it goes down you will sell and than you will buy more bitcoins at lower price after the dust settles. That way you will own more bitcoins than you started out. Stop loss is a key feature in trading and specially trading something as dangerous as bitcoin, always use that feature for your best.
are day trading then it isnt really needed at all. 5% SL wont really be easily hit up unless if theres a sudden news that make huge impact just like on what happened recently.
When your SL hits up then you would need to accumulate even more on lower levels but making another SL and another hit up will lead you to further loss and tends to
recover unlike on holding up your position.
Good day fellow traders, I'm thinking of using stop loss order in my trades, can you give me some advice how you use your stop loss order?
Now wee see the importance of stop loss management. If you do not use stop loss and get out at the right time this could happen to you all the time. We didn't ever expected this to happen and we were looking out to a higher level instead of going down. What happened was out of nowhere when a whale sold all his coins and got cash to pay someone and this is the result we have.If you ever want to get out of this type of trouble in the future, buy your bitcoins and than put a stop loss at around 5% or so levels, that way if it goes down you will sell and than you will buy more bitcoins at lower price after the dust settles. That way you will own more bitcoins than you started out. Stop loss is a key feature in trading and specially trading something as dangerous as bitcoin, always use that feature for your best.
Use stop loss is must be for very trade and for all trading in all asset. Stop loss should be less percentace than take profit, for me I always use stop loss in crypto trading with stop loss 5% and take profit 12%. For example if I open 10 times trade and I loss 5 times and then make profit 5 times too, so profit - Loss = I still make profit.
1. Not Determining your Stop Placement in Advance
2. Placing your Stop Based on Arbitrary Numbers
3. Moving your Stop to Break Even/Marginal Profit ASAP
5. Never Moving your Stop
Managing the loss is a very important in cryptocurrency because if you do not know how to manage the loss in the business, it is useless how good you invest and have knowledge about the technology you are dealing in. 2. Placing your Stop Based on Arbitrary Numbers
3. Moving your Stop to Break Even/Marginal Profit ASAP
5. Never Moving your Stop
Good day fellow traders, I'm thinking of using stop loss order in my trades, can you give me some advice how you use your stop loss order?
stop loss is good if you want to protect your capital and profits placing sl is not easy in volatile markets there will be high chances that sl will be hit we cant keep it to far also i think its better to place sl for how much risk we can afford and trailing stop loss is very difficult Jump to: