Topic: Stop Loss Trading - page 4. (Read 2367 times)
Increasingly and on a larger scale, no one will be sure that stopping is justified. It is important that you have a plan for what to do next for the loss trading. It needs you to be really alert to analyze the market fluctuations to take the next logical step.
Lossing is a part of the traders life. So then if we didn't wanted to loss maybe wee shoild find another job and stop on crypto. We can normally loss in crypto sometimes due to its unstable market which can lead as all to make some more panic decision. However everything depends on our own decision as well.
Excellent point. Loss aversion is why so many people fail at trading. It basically means a refusal to admit when you are wrong. I've seen myself do this many times. I've taken a trade and then looked back at it later and asked myself "what in the hell was I thinking?"
Part of it comes from being patient as well, on the other side of things. You may have a losing position, but that doesn't necessarily mean that you are losing. Holding onto the position during tough times is also a critical attribute of a trader as there can be a valid reason to keep going. Having conviction at the right times is important.
This is another reason why a stop is so important; it forces you to commit to a position.
With no stop, there's nothing to 'stop' (mind the pun) you from holding onto a losing position, even when you know it's probably time to close and move on. I get what you're saying about having conviction though.
You really should not trade without a stop loss.
The amount of money at risk is the only thing you can control - as the guy above said - so to place it in control of the market, which is what you do when you trade without a stop, is highly risky, and could end very badly for you.
For investing, having a stop isn't as important, but it is still a good idea to have one placed well below the current price, just in case a sudden crash causes a big decline to take place.
The amount of money at risk is the only thing you can control - as the guy above said - so to place it in control of the market, which is what you do when you trade without a stop, is highly risky, and could end very badly for you.
For investing, having a stop isn't as important, but it is still a good idea to have one placed well below the current price, just in case a sudden crash causes a big decline to take place.
it is very much important to use stop loss in trading. That is the only aspect of trading that a trader can control.
With stop-loss, traders can easily cover their loss or profit. Most of traders success with stop-loss, but does it really a helpful tool? I dont think so, check the chart in these recently month and i found that the price always have a long candle with low volumn which enable stop-loss signal. This force traders to sell their coins and have to buy back with higher price.
I think stop loss is a bad choice in trading, with stop loss we will incur losses, I never use stop loss in trading crypto, because if I think loss, I will hodl it until getting profit
Lossing is a part of the traders life. So then if we didn't wanted to loss maybe wee shoild find another job and stop on crypto. We can normally loss in crypto sometimes due to its unstable market which can lead as all to make some more panic decision. However everything depends on our own decision as well.
Excellent point. Loss aversion is why so many people fail at trading. It basically means a refusal to admit when you are wrong. I've seen myself do this many times. I've taken a trade and then looked back at it later and asked myself "what in the hell was I thinking?"
Part of it comes from being patient as well, on the other side of things. You may have a losing position, but that doesn't necessarily mean that you are losing. Holding onto the position during tough times is also a critical attribute of a trader as there can be a valid reason to keep going. Having conviction at the right times is important.
from YouTube bloggers can advise Gerchik, from the literature I can recommend books by Edwin Lefevr " Memories of a stock speculator"
If you are not doing well in trading then there is no need to continue or there is no restriction on you to continue your trading. You can stop trading for some time to start earning about it first because the loss indicates that your knowledge is limited. The solution for your loss in trading is to learn to get knowledge about it after which you will be able to have a good with it. to be able to stop losses in trading you seem to need expertise and can control your patience so you will not get the loss again because if you can not control your patience then I am sure you will only get a lot of losses.
That is not a tough job I would say because you have the resources available to research and explore about the crypto currencies whatever you want to. You have to read research papers coming out of leading universities like MIT and Stanford and have to have the market exposure and the calm mind. Your idea is the important fuel that will drive you forward and the more you spend time in solving the knots in your business, the more wise you gets as a trader.
I started scalp trading strategy for quite some time now,
and I think setting a 2-3% stop loss is a great idea.
and I think setting a 2-3% stop loss is a great idea.
I think many trader overuse stop loss in trading. When using stop loss that means your trading is invalid. It is not a tool to protect your asset, like many trader mistake. When you cut loss at 10-20%, it is quite fast and early, and the fact that the market has been to stop loss and rebound. With different trading, you have to use different cut loss point. Based on market volatility, you should set your cut loss point near or far to your buy in price.
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
You cannot stop your loss on trading but you can still get back the coins you have lost because you can still continue trading in order to multiply your coins.
Lossing is a part of the traders life. So then if we didn't wanted to loss maybe wee shoild find another job and stop on crypto. We can normally loss in crypto sometimes due to its unstable market which can lead as all to make some more panic decision. However everything depends on our own decision as well.
Stop loss are really very important in trades whether you are in for long term or short term. Stop losses help you from getting completely rekt which is a very common happening in such a volatile market. Try to decide your stop loss according to past volatility trends. If you tackling with a very high volatility coin, go for a loose stop loss else a tight one. This you have to judge according to your investment.
Many people think that stop loss is cutlose. whereas cutlose is not always good. I prefer to be patient rather than cutlose. I know there are many investors who stop losses by selling at a price of $6900 some time ago for fear of losing too much. but patience can be better 
You must use Stop loss for each trade.
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
Indeed, I put a stop loss of 10%-20% on every trade I encountered because when bitcoin pumps hard all the altcoins will surely dump and takes time to recover or or even not. Its better to put some stop loss than to wait forever to pump back the coin you bought.
I never tried it but i think, it is highly needed to make a limitations and cut the loss whatever happens during with our unguarded moments in trading. Bitcoin price is unpredictable and it is more safe to put a stop loss.
You must use Stop loss for each trade.
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
Indeed, I put a stop loss of 10%-20% on every trade I encountered because when bitcoin pumps hard all the altcoins will surely dump and takes time to recover or or even not. Its better to put some stop loss than to wait forever to pump back the coin you bought.
I never tried it but i think, it is highly needed to make a limitations and cut the loss whatever happens during with our unguarded moments in trading. Bitcoin price is unpredictable and it is more safe to put a stop loss.
Trading losses is a normal investment. You just need to persevere and learn a lot about investing, one day you will get back what was lost. Try to persist in learning more about technical analysis.
You must use Stop loss for each trade.
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
Indeed, I put a stop loss of 10%-20% on every trade I encountered because when bitcoin pumps hard all the altcoins will surely dump and takes time to recover or or even not. Its better to put some stop loss than to wait forever to pump back the coin you bought.
I never tried it but i think, it is highly needed to make a limitations and cut the loss whatever happens during with our unguarded moments in trading. Bitcoin price is unpredictable and it is more safe to put a stop loss.
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
Stoploss in the transaction is indispensable, you can see that the market is fluctuating continuously and very hard to guess, bitcoin prices though are constantly rising but may decrease at any time. And according to my experience, the reduction of bitcoin is very fast, causing us to lose heavily if we do not cut losses. 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
You can see that the market is fluctuating continuously and bitcoin prices have been increasing steadily over the past few days, but it can be seen that the market is still bearish and therefore the bitcoin price may decrease at any time. . Therefore, when trading you always have to stoploss in the plan to be able to zone the risk, and limit the damage. ricseb
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