Topic: Stop Loss Trading - page 11. (Read 2367 times)
I think learning how to properly set a stop loss, and stop limit are absolutely fundamental to being a good trader, and not being left holding bags that nobody wants. If you're thinking about trading, and have never heard of these terms, then start researching now as it will save you from losing a lot of money if you accidentally buy into a pumped coin or the market completely dips.
Hey everyone. Do any of you professional traders out there have advice on the best situations to use stop-loss in a trade? It would be much appreciated.
ricseb
ricseb
Even though you had brought a bitcoin at high price.It doesn't mean,you are going to lose your money.You had one option for the escape.You have to hold till the price of holding bitcoin is lesser than the price of brought bitcoin.This is only option to evaluate from the loss.
If you dont want to loose to much is better to use such features cryto-trading is half way risky so you can just bee gaining one minute and the next you loose everything
Hey everyone. Do any of you professional traders out there have advice on the best situations to use stop-loss in a trade? It would be much appreciated.
ricseb
ricseb
Whenever I think the market may be down Then I gave stop loss.When the Bitcoin is pumping, the altcoins are likely to be dumping.Altcoins are pump when bitcoin stable.Stop loss will generally use 10%-15%.
Learning to use stop-loss is very important, because stop-loss minimize our loss. 2-5% for day trade is great
It is strictly important and what people do not understand is that while using the stop loss, you stand a chance to enter at a better position lower than just holding through. However, the challenge I have seen with some newbie traders is that they do not even have an idea on how to trade, let alone, know where they want to be placing their stop loss when stop losses is part of trading as much as buying and selling.Stop loss however is dependent on each trader's strategy which makes each trader to have the best position for their own stop loss, but like I said, it comes with knowledge.
Hey everyone. Do any of you professional traders out there have advice on the best situations to use stop-loss in a trade? It would be much appreciated.
ricseb
ricseb
I don't think you will find a lot of professional traders here, apart from self-proclaimed ones, of course. With that said, the question is not about stop-losses as such. You can use them or you can not use them, and you may be right in either case. It all depends on what you are doing and what your aims, long term or otherwise, are. Stop-losses are just a tool of getting out of a situation when things get out of control. In other words, you can't generally say whether they are good or bad.
For example, if you bought a couple bitcoins at 20k and don't really care if the price hits zero tomorrow and Bitcoin itself kicks the bucket the day after, then stop-losses are meaningless to you. On the other hand, if the price crash is not what you are happy about, then existing a position as soon as possible is likely the only way of action and reaction which you should take.
Hey everyone. Do any of you professional traders out there have advice on the best situations to use stop-loss in a trade? It would be much appreciated.
ricseb
ricseb
Whenever I think the market may be down Then I gave stop loss.When the Bitcoin is pumping, the altcoins are likely to be dumping.Altcoins are pump when bitcoin stable.Stop loss will generally use 10%-15%.
of course, very important cut loss in trading. Present conditions cut loss is a thing that should be used by the trade so that they can reduce the loss of their trade.
I think so too we must Stop Trading Losses, because if we trade loss we will never get income, here we have to earn profits in trading, the key is just be patient and keep trying.
Trading loss does not mean you will not get anything as that depends on your own trading pattern.If you know you just want to be an investor, then you surely do not have anything to do with stop loss as you can just take advantage of more of the lows to just simply buy more, but for stop loss, it is something regular traders have to inculcate in their trade.
The idea is to find better spots when you simply have the assurance the market is going lower than you bought it based on some break in support. Nevertheless, it is not everyone that will know that as they may simply not have the knowledge to trade in the first place which is why some people just end up settling for being patient.
It is great to use this principle because it is my worst nightmare to get up in the morning and see all of my funds just gone. and stop loss trading would prevent this.
it takes a lot of guts and commitment to successfully use stop loss trading. I set up my trades usually as a 2:1 trades and commit to a stop loss at 10% if the price get lower than that then I need to reconsider my calculations, because I try to buy dips.
This is like the easier way to trade and also it is helping me to keep calm because I know that I would not get up tomorrow in the morning and see that I have lost $10,000 in wild one night
Hey everyone. Do any of you professional traders out there have advice on the best situations to use stop-loss in a trade? It would be much appreciated.
ricseb
I believe that with a market that is in the downtrend stage for the time being, it is very difficult to trade successfully. To lose a profit safely and minimize the risk I believe you should trade short-term by day and always have a specific trading plan. The bitcoin price is fluctuating continuously so I just leave a 3% stoploss.ricseb
Trading in the market is not the best thing to do right now, you should keep your coins or invest more because the market price is continuously dumping, patience is very important in order to avoid losing a huge amount of your coins.
Hey everyone. Do any of you professional traders out there have advice on the best situations to use stop-loss in a trade? It would be much appreciated.
ricseb
I believe that with a market that is in the downtrend stage for the time being, it is very difficult to trade successfully. To lose a profit safely and minimize the risk I believe you should trade short-term by day and always have a specific trading plan. The bitcoin price is fluctuating continuously so I just leave a 3% stoploss. ricseb
You seriously need to start using stopp loss if you are really looking to be a serious trader that is going to be in here for years, so take it seriously
Hey everyone. Do any of you professional traders out there have advice on the best situations to use stop-loss in a trade? It would be much appreciated.
ricseb
If there was a way to stop losing to every trade then no one would complain and gather information about crypto's anymore. Stopping a loss in trading which can't be stopped isn't your fault it's either a bad timing or a correction on a coin. Would take a lot of efforts and experience to stop a loss in trading even for professionals they can't stop a dumping rate unless they endure or sell it then purchase another set of coin. ricseb
Hey everyone. Do any of you professional traders out there have advice on the best situations to use stop-loss in a trade? It would be much appreciated.
ricseb
Protective stop loss are very important in trading for maintaining risk-reward ratio. I can't tell you exactly where to put stop losses as it needs to be combined with technical factors at that particular market condition. One should consider the volatility of market while choosing a stop loss. More the volatility, loser should be the stop loss. But here also a trade off exists, a stop loss can't be placed too close/far which can lead to unwanted liquidation/huge loss. You need to find a middle ground which can only be analysed using technical analysis. ricseb
So, you can't ask others where to place your stop loss, you need to figure it out yourself depending upon the market condition and how risky the trade is.
It is important how to pick stop-loss percentage to prevent as much downside risk as possible. It depends on history analyses how much a coin fluctuate and Your trading style as well. When active trading usually use 5-10% , while trading long term using 15-20 % stop loss.
it takes a lot of guts and commitment to successfully use stop loss trading. I set up my trades usually as a 2:1 trades and commit to a stop loss at 10% if the price get lower than that then I need to reconsider my calculations, because I try to buy dips.
I think so too we must Stop Trading Losses, because if we trade loss we will never get income, here we have to earn profits in trading, the key is just be patient and keep trying.
If you are to use a stop loss in play, there is no guarantee that your order will actually be matched.
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