Topic: stop loss management - page 7. (Read 13818 times)
it's very good for you to do, because the loss order is very detrimental, and it's better for you to hold or buy a cheap price like this and hold it until the price goes up.
did you think of the automated trading software? I made very good experience working with such.
I usually place my stop loss double the percentage that I'm aiming to profit. This is to give my target for profit a better chance to get to it.
Yeap, is a matter of choice
if someone knows about it and decide not to use it, it is still good but to the detriment of the person.
I do not like to use stop loss too much because I usually cash out what I earn from bitcoin payments and keep couple hundred bucks in just in case for future emergency and to be honest it doesn't really change all that much if you have couple hundred bucks and the price drops 10% or so. That is at most 10-20 dollars loss for me, I should not react to that.
Yeap, is a matter of choice
if someone knows about it and decide not to use it, it is still good but to the detriment of the person. 
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?
The most basic strategy would be to place it x% below an entry. You can then do a bit more research and adjust stop loss acording to the market volatility (you want to make more space for price when it jumps up and down wildly) or use so called trailing stop loss.
I try as much as possible to find some level of support, check price action on this support and set a stop loss few percentage away from the support which most times is not always more than 1% and with that, I am able to rely on the reward coming up with something substantial based on my signal and if peradventure things do not go as planned, I activate my stop loss immediately without any questions and wait for another favorable condition with respect to my strategy.
Because high volatility of crypto and the price is nearly unpredictable so use stop loss is apart of risk management in trading activity to avoided big loss. To get stop loss and trailing stop feature we have to chooce trading platform that offer that, because not all trading platform have that function. Metatrader is one of the trading platform that offer stop loss and trailling stop and easy to use it, and some crypto exchange that offer stop loss function is Bitmex and Binance. Good stop losss management is 1;2 that mean if stop loss 5% the take profit will be 10%.
Stop loss has always been a challenge for most traders but that is simply because they did not learn how to manage that in the course of their learning. It is not just for cryptocurrency as every market is volatile and it is just the level of volatility that differs.The thing so many people always fail to realize is that, even with TA and FA, things can still always go awry and even though they give you a possible direction of the market, that certainly does not mean, that is all you should focus on, but you also have to take into consideration the aspect where things go in a way you do not expect and this is where the main focus should always be on for anyone who wants to manage risk.
Place your horizontals, look at the EMAs, SMAs and Risk:Reward ratio, then find that sweet SL place(usually an area) not really a single line, so you might wanna give your trade a little bit of breathing room if you understand what I'm saying. Always look at higher timeframes to get the overall picture of the markets. 
Stop loss has its pros and cons, It is better used when one is not sure of the next direction of the market after entry and it is better in a bear market where there likelyhood of market falls even when entry seems right, just place a stop at a relatively comfortable level, it could be annoying that sometimes the loss could be taking by a sharp drop in trade which my quickly reverse and then, trade has already left the zone. It is not to be used in trade always though
Stop loss, you should buy when the penny fell sharply, which is the best way to reduce your losses, if you sell them you will lose more, buy in and wait for the market to recover soon.
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?
For most traders the decision to put a stop loss is an uncomfortable choice, because it means they have received the loss, but traders have the right to determine the trader strategy that is suitable for him. For those of you who want to use stop loss to control risk of loss the first is to put a stop loss on forex, the choice is manual or automatic stop loss, then determine the price level
One thing with not using stop loss is that when the market tend to give more signals to go lower, and if it ends up going too far, you will just end up holding till you are able to get back the profit and that could take a while, but instead, with stop loss, you could have been able to buy more at a better position and as long as people do not get this, they won’t understand the importance of stop loss in trading.
The golden rule for me, if you are confident enough in your style of trading is to set a stop loss for a -1 loss, and aim for a profit of +2.
With this risk management, you need not even 50% successful trades to make money in the long term. The hardest part is to stick to this rule at all times. There are thousands of reasons why even the most experienced traders like to deviate once in a while from their risk management rule. It takes mental fortitude to be a good trader.
With this risk management, you need not even 50% successful trades to make money in the long term. The hardest part is to stick to this rule at all times. There are thousands of reasons why even the most experienced traders like to deviate once in a while from their risk management rule. It takes mental fortitude to be a good trader.
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?
The most basic strategy would be to place it x% below an entry. You can then do a bit more research and adjust stop loss acording to the market volatility (you want to make more space for price when it jumps up and down wildly) or use so called trailing stop loss.
Risk/reward is a vital consideration when positioning both closing trades.
E.g. if A is a (long) entry level, B the target and C the stop, then I'll usually only consider it a good risk/reward trade if B-A>3(A-C). I find this criterion also helps prevent over trading.
E.g. if A is a (long) entry level, B the target and C the stop, then I'll usually only consider it a good risk/reward trade if B-A>3(A-C). I find this criterion also helps prevent over trading.
great point about risk/reward. i also generally aim for 3:1 or better. lots of new traders are so anxious to get in and out of the market, they overlook basic planning that ensures a profitable strategy.
I'm wary of leaving stops on platforms because of hunting and flashes. This means operating them manually, which requires a certain amount of self discipline (and time).
in my earlier years, i was the same way---and i still am sometimes. but i've also found that automatic stop losses can help cut emotion out from my trading. they kill the temptation (or actually, the ability) to let losses run. to each his own!
When I open a trade, I have in mind (for technical or fundamental reasons) two things, success or failure, represented by a target and a stop loss.
The target is hit when the market behaves the way I predict, the stop is hit when the anticipated scenario doesn't happen, when the original analysis is faulty and and becomes obselete (e.g. in TA, a volume break of a resistance area, the holding of which was central to my strategy).
Risk/reward is a vital consideration when positioning both closing trades.
E.g. if A is a (long) entry level, B the target and C the stop, then I'll usually only consider it a good risk/reward trade if B-A>3(A-C). I find this criterion also helps prevent over trading.
I'm wary of leaving stops on platforms because of hunting and flashes. This means operating them manually, which requires a certain amount of self discipline (and time).
The target is hit when the market behaves the way I predict, the stop is hit when the anticipated scenario doesn't happen, when the original analysis is faulty and and becomes obselete (e.g. in TA, a volume break of a resistance area, the holding of which was central to my strategy).
Risk/reward is a vital consideration when positioning both closing trades.
E.g. if A is a (long) entry level, B the target and C the stop, then I'll usually only consider it a good risk/reward trade if B-A>3(A-C). I find this criterion also helps prevent over trading.
I'm wary of leaving stops on platforms because of hunting and flashes. This means operating them manually, which requires a certain amount of self discipline (and time).
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?
I think about 5% seems like the logical place to start. I do not like to use stop loss too much because I usually cash out what I earn from bitcoin payments and keep couple hundred bucks in just in case for future emergency and to be honest it doesn't really change all that much if you have couple hundred bucks and the price drops 10% or so. That is at most 10-20 dollars loss for me, I should not react to that. However, if I had a lot of money than I would have used stop loss at 5%, if I lose 5% than I would want it to be sold and try to rebuy it at a lower value to make it worth while for my losses.
Back in the day when I used to trade stocks, I've never used stops.
However I ended up holding losing positions way too long so decided to see what stops are all about.
So I decided to use them for all my trades and I found out that almost 50% of the time, my stop gets hit and the market reverses in that moment. I thought I was getting scammed almost.
However turns out that if you put your stop in a common area like yesterday's low or at a nice whole number like $6000 or so, these will usually get targeted.
Hence you can use stops but they need to be unique so you don't get stop hunted.
However I ended up holding losing positions way too long so decided to see what stops are all about.
So I decided to use them for all my trades and I found out that almost 50% of the time, my stop gets hit and the market reverses in that moment. I thought I was getting scammed almost.
However turns out that if you put your stop in a common area like yesterday's low or at a nice whole number like $6000 or so, these will usually get targeted.
Hence you can use stops but they need to be unique so you don't get stop hunted.
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?
For most traders the decision to put a stop loss is an uncomfortable choice, because it means they have received the loss, but traders have the right to determine the trader strategy that is suitable for him. For those of you who want to use stop loss to control risk of loss the first is to put a stop loss on forex, the choice is manual or automatic stop loss, then determine the price level
Because high volatility of crypto and the price is nearly unpredictable so use stop loss is apart of risk management in trading activity to avoided big loss. To get stop loss and trailing stop feature we have to chooce trading platform that offer that, because not all trading platform have that function. Metatrader is one of the trading platform that offer stop loss and trailling stop and easy to use it, and some crypto exchange that offer stop loss function is Bitmex and Binance. Good stop losss management is 1;2 that mean if stop loss 5% the take profit will be 10%.
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?
Do the stop loss on selected coins only which are more or less trusted in coming back to higher levels. There is no point in using it on every other coin that you see in the market because that will bring more loss to you. In such bear market this is even most difficult task ever to do the stop-loss trading so make a note of that and then only jump into the market with this strategy.
For stop-loss I am putting my loss order at -10%, and that is being decided on the stuff like how much I have put up into trade, what type of coin it is and how much I am afford to loose. And for the profits again depending upon the coin I will have it set on 10-25% max profits.
Stop loss is should be to use whenever you make open potition, and so far not all crypto exchanges offer this features. Some exchanges that has this function is Binance, Bittrex, Okex, Bitfinex, Gdax, Bibox so its better chooce one of them. To set stop loss in Binance you have put price in the STOP price higher than Limit price, for example : bought ETH at $ 320, so in the Stop price : $300 and Limit price : $299. This mean when the price going down to the $300 or below , your price $299 wil be going to orderbook and filled.
if I use stop loss by looking at fluctuative and TA nalisis coin to determine stop loss
if the coin is fluctuating monthly it is not too big and coin is coin with big vol usually i put stop loss at 30% below my buy price
for coin with high fluctuations every month I decided not to use stop loss due to the small volin coil is relatively very strong fluktuatifnya, from my experience is stop loss in low volum coin could stop 50% stop loss and re-bounce price that makes you loss
if the coin is fluctuating monthly it is not too big and coin is coin with big vol usually i put stop loss at 30% below my buy price
for coin with high fluctuations every month I decided not to use stop loss due to the small volin coil is relatively very strong fluktuatifnya, from my experience is stop loss in low volum coin could stop 50% stop loss and re-bounce price that makes you loss
Jump to: