Topic: Stop losses (Read 1212 times)
A stop loss is very essential appliance . So many users of crypto are utilizing this appliance to reduce the chances of losing money. Stop loss are of numerous sort which can be utilize by keeping the circumstances in mind. It is beneficial in the case that the user choose a limit below which they cannot afford the loss. So when the price reach to that value it will be automatically sell before going to further loss.
The stop-loss is better as there is a lot of manipulation now in the market; therefore, if we put a stop-loss then we can avoid huge losses if we do spot trading, I think to stop loss no need sometimes market dump 10% and after hit, our stop loss again pump, which in this case we face loss
Stop loss is necessary to prevent losses while you do trading. But once you HODL, you don’t really need to set up a stop loss because you are watching the coin.
I never use stop loss, because I always pay attention to the trade that is being made, if there is a drastic decline in the market for the coin being traded, you can immediately CLSometimes I go for short term trading but when market is going against my prediction then I will simply convert my short term trading to long time holding this way also I am not going for stop loss order.
Continuously watching market and then cutting losses at required time is not my way of trading because I am into my regular job and only for very short period of times, I am able to trade so I am going for long term trading which never need me to watch the market continuously.
Take profit and stop loss is one of the most essential tools we must use because some of us dont want to handle too much time with their trade and just wait for the right time to reach the designated amount we set in TP and SL. Sometimes doesn't have this feature makes the trader merely focus to their trades and it consumes too much time if you didn't make it with the right trade there's a possibility you get hold until the prices reach again.
Stop loss is necessary to prevent losses while you do trading. But once you HODL, you don’t really need to set up a stop loss because you are watching the coin.
I never use stop loss, because I always pay attention to the trade that is being made, if there is a drastic decline in the market for the coin being traded, you can immediately CLSometimes I go for short term trading but when market is going against my prediction then I will simply convert my short term trading to long time holding this way also I am not going for stop loss order.
Continuously watching market and then cutting losses at required time is not my way of trading because I am into my regular job and only for very short period of times, I am able to trade so I am going for long term trading which never need me to watch market continuously.
Crypto trading requires a lot of skill and technique to engage in. In almost every trade I make, I set stop loss. Staying in a dip till it go back up is not really a smart move for me. But there's no need to use a stop limit if you made the right purchase and at the right time.
It may be different my friend.
Did you experience the covid-19 market collapse, everyone buying the dip then thought they bought at the bottom but the more they buy, the more the crash comes in surprise, it was after the disastrous sell off many even realize that it was due to panic, some stop-loss weren't even triggered.
In bull run, there is no point doing to techy things to make money in this market buy using stop-loss but taking off profit should be your outmost priority. Don't try to trade Shiba coins though.
With the losses you've had so far,you should have known your weaknesses,where you are failing,what you are doing that is making you experience losses.
Those things that you have noticed are the things you need to work on,you need to try to correct those mistakes you made.
Research more than you do before.There is need for you to research more than you were doing before,because the market is dynamic,it changes with time,so you must adapt to the new changes to make profit.
Learn from your mistakes,and learn from people that are also experienced in the field.
Those things that you have noticed are the things you need to work on,you need to try to correct those mistakes you made.
Research more than you do before.There is need for you to research more than you were doing before,because the market is dynamic,it changes with time,so you must adapt to the new changes to make profit.
Learn from your mistakes,and learn from people that are also experienced in the field.
Just curious, do any of you set stop losses and recollect again later? Or do you just HODL regardless of what the dip is.
Forgetting a trade is a major advantage of stoploss because when you enter a trade sometimes you get carried off by sleep or you are busy and instead the market will go far against you and eat your balance so much, it will stop at the point where you set it on, so it is good using stoploss. When you don't recollect stoploss safe you from disaster in the account.
Staying in a dip till it go back up is not really a smart move for me.
And the dip may not recover you up in the market until your account is stretched out and wiped out. This is the reality of not using stoploss . Any trade can go wrong but stoploss protect your account.
Crypto trading requires a lot of skill and technique to engage in. In almost every trade I make, I set stop loss. Staying in a dip till it go back up is not really a smart move for me. But there's no need to use a stop limit if you made the right purchase and at the right time.
Stop loss is the lowest price limit value specified to limit losses. When the price movement touches this value, the system will automatically close the order or position. Because by using this Stop loss, traders are able to limit unwanted losses, if the losses that occur are too deep, then traders can limit the losses that have been determined.
Determining the stop loss is far more important than determining the profit target. However, ideally you can use a method of determining stop loss or loss limits depending on the trading system used. Usually there is a stop loss called the close point and far point.
Determining the stop loss is far more important than determining the profit target. However, ideally you can use a method of determining stop loss or loss limits depending on the trading system used. Usually there is a stop loss called the close point and far point.
Stop loss is necessary to prevent losses while you do trading. But once you HODL, you don’t really need to set up a stop loss because you are watching the coin.
I never use stop loss, because I always pay attention to the trade that is being made, if there is a drastic decline in the market for the coin being traded, you can immediately CL
Just curious, do any of you set stop losses and recollect again later? Or do you just HODL regardless of what the dip is.
Obviously you can stop losses. If you a trader then you can do it easily. In the future trade stop Lossing is an important but spot trading and holding not a mandatory . You can never say for sure how the loss came or will come. However, in some cases, even a small loss can be recovered. You just have to be more discriminating with the help you render toward other people. You should not enter the market and trade in a hurry. Before trading, you need to know the price of the coin, its position in the market, its volume, and the transactions on the exchange.
In carrying out execution actions in the market, of course, we must have prepared a framework, possible market scenarios that will form, so that we can calculate the possibility of profit and possible loss. from there we can state that the position is feasible to trade or not. and after that we can place pending orders and place TP and SL
Stop loss is necessary to prevent losses while you do trading. But once you HODL, you don’t really need to set up a stop loss because you are watching the coin.
You can never say for sure how the loss came or will come. However, in some cases, even a small loss can be recovered. You just have to be more discriminating with the help you render toward other people. You should not enter the market and trade in a hurry. Before trading, you need to know the price of the coin, its position in the market, its volume, and the transactions on the exchange.
Losses are inevitable and your profitability will really vary according on the action that you had made and we know that stop losses are really useful when it comes to shorting or making active trades then its up to you whether you do cut loss or wait up for some recovery.Not all are really that fan of using this tool because once you had sell then thats considered to be total lost unless you havent sold
your coins then thos arent considered to be total lost.
It would be only good for those short trades or who do trade actively.
I think stop loss is the best than holding if you get huge loss. Stop loss is a very useful tool in trading. I think in every trade stop loss is necessary. If any sudden pump or dump comes in market, and you got huge loss. So, prepare yourself before any sudden action in market. So, place stop loss in every trade is a good decision. Because crypto market is highly volatile market.
Stop loss will not only let you reduce your loss but at the same time, if your trade idea was wrong and market hit your stop loss, you can also re-enter in the opposite direction and make money. Without the stop loss, you will either end up liquidated in futures market or keep on holding the assets in losses for long term duration.
You need to understand well in order to use this function. In effectively bring you profits, or just to favor your side whatever direction the market will go.
Don't stop doing your DYOR and make sure that you analyze the market before setting your stop-loss functions.
You can never say for sure how the loss came or will come. However, in some cases, even a small loss can be recovered. You just have to be more discriminating with the help you render toward other people. You should not enter the market and trade in a hurry. Before trading, you need to know the price of the coin, its position in the market, its volume, and the transactions on the exchange.
Just curious, do any of you set stop losses and recollect again later? Or do you just HODL regardless of what the dip is.
Stop loss can't work effectively, and several stop loss events I've experienced resulted in losses without further consideration. In deciding trades I pursue profit targets. So holding is the last option I will do if there is a big decline. 
I think stop loss is the best than holding if you get huge loss. Stop loss is a very useful tool in trading. I think in every trade stop loss is necessary. If any sudden pump or dump comes in market, and you got huge loss. So, prepare yourself before any sudden action in market. So, place stop loss in every trade is a good decision. Because crypto market is highly volatile market.
Stop loss will not only let you reduce your loss but at the same time, if your trade idea was wrong and market hit your stop loss, you can also re-enter in the opposite direction and make money. Without the stop loss, you will either end up liquidated in futures market or keep on holding the assets in losses for long term duration.
I think stop loss is the best than holding if you get huge loss. Stop loss is a very useful tool in trading. I think in every trade stop loss is necessary. If any sudden pump or dump comes in market, and you got huge loss. So, prepare yourself before any sudden action in market. So, place stop loss in every trade is a good decision. Because crypto market is highly volatile market.
mostly to use the stop loss as it has not only stopping someone from loss but it prevents also from more loss, try to use this trading best feature to get into profit and do it.
Loss and more losses are same thing technically when you are not good in technical part. Develop a strategy which never requires any stoploss (I do not mean that you never need to go for stoploss but you put it always but it should never get triggered). I mean even many small losses by triggering stoploss may get you into bigger one over the time. So, stoploss driven small losses will not ensure your success.With very staring technical analysis, we can get up to 90% of profitable trades and the remining 10% may get us small losses means then we can be richer in 6 to 10 months of time. When your technical analysis is not good and even you exit at stoploss levels then you may lose all your capital in one to three months of time, considering you set stoploss by 3 to 5% of your capital.
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