I can't say I'm a professional trader, but I switched to scalping
and I feel safe if I set my stop-loss on 2-3%
Topic: Stop Loss Trading - page 6. (Read 2362 times)
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.
I would be very sad if the transaction occurred
As I know, Every trader loses sometimes. Loss and profit is the common thing in trading. You can't make the only profit without losing anything. And, without loss, you can't be the great trader. A loss in trade is very helpful to make the good experience about how to make the profit in trade. If you have big money to trade then your loss will be little if you trade with good coins. But, If you start trading with a low amount of money and you lose, then that amount will seem to you very big. That's it. This happened to me a long time ago. But now I know I can trade and I am very happy with my profit.
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
Stop-misfortune is utilized when the cost of a coin achieves the base worthy value set by the merchant. For instance, you purchased a coin for 0.134 eth. After the buy, you assessed the circumstance and put a stop misfortune this is available to be purchased at 0.10 eth. This is a sort of protection against the way that the cost will go even lower and you will be in a solid short. Likewise there is a take-benefit. It is utilized to settle benefits. ricseb
Stop-loss is used when the price of a coin reaches the minimum acceptable price set by the trader. For example, you bought a coin X for 0.11 eth. After the purchase, you evaluated the situation and placed a stop loss (this is for sale) at 0.10 eth. This is a kind of insurance against the fact that the price will go even lower and you will be in a strong minus. Also there is a take-profit. It is used to fix profits.
I am scalping for months now, and I'd say 2-3% stop-loss
is safe. But it depends on your trading strategy though, I
am only aiming for a 2-3% or higher profit
is safe. But it depends on your trading strategy though, I
am only aiming for a 2-3% or higher profit
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 can never stop your loss in trading because the market is volatile and that is also the reason why the market is very profitable and traders do really like the volatility.
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.
With this market, it is normal for you to trade losses. But do not let this matter affect your psychology, one day you will succeed in investing.
If you are a trader you must use stop-losses not to lose all your money fast especially when you mistake. Every trader have to respect the money management and stop-losses help us to do it.
I know a lot of professional traders who don't use stops at all. If you trade on bitmex with margin thou it's a different story.
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 think stop loss at this time is very important when you trade, you can see that the market is fluctuating continuously and bitocin prices are constantly adjusting, so to be able to minimize and zoning You should have a stop loss in your trading plan. We can not know the price of bitcoin will return to landmark but the market is still in the downtrend stage so we should not be subjective. ricseb
I have had time to go through this period. When I first started trading, I lost a lot of money. This made my mind to collapse a lot. But the persistence of learning made me overcome the fears when the market went down and from there I get profit.
I find it useful for me, but for now I'm not using that because the market is in uptrend, this thing is maximum used for when the market is falling and you don't want to lose more than you can afford.
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 think stoploss at this point is very important, you can see that the market is fluctuating continuously and all are fluctuating at the price of bitcoin. The price of bitcoin is in the long-term downtrend, so I think the bitcoin price could fall sharply in the future, so you should put stoploss in every trading plan so that you can minimize any possible risks. out.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
I think stoploss at this point is very important, you can see that the market is fluctuating continuously and all are fluctuating at the price of bitcoin. The price of bitcoin is in the long-term downtrend, so I think the bitcoin price could fall sharply in the future, so you should put stoploss in every trading plan so that you can minimize any possible risks. out. ricseb
You must use Stop loss for each trade.
I do not use the stop loss when trading. Sure the coins will rebound as prices rise so we should hold without having to use stop lossHey 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
Anyway, it is really impossible to stop loss when trading. You have to be the coolest professional to avoid even the slightest mistakes, and this is difficult to do.
I recommend to first learn the pros and cons of trading and start learning some indicators for price speculation although it's not 100% accurate it can be use to minimize your losses and enable you to cut your losses when there is a bear trend. Also candle pattern and fundemental analysis is also needed.
I am never using stop loss, because i am always paying attention to the market while i am trading, i do not like to be off while i am doing my trades because you can easily lose some opportunities to make a few extra bucks per trade, that is why
Well you have a good management in you trading. I guess i need it too. I need to give more time with my trading and check the market situation and do something if it is needed.
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