Topic: Stop losses - page 4. (Read 1187 times)
I myself will also stop losses if I feel I change my mind to invest in other coins. actually there is no problem to stop loss or stay afloat until you can get a profit but everything goes back to which coin we choose, because if the coin we hold is below the price it should be or the low price is below the average. then we better stop loss so as not to continue to suffer losses and can invest in other coins with better prospects.
Just curious, do any of you set stop losses and recollect again later? Or do you just HODL regardless of what the dip is.
Even if I’m holding, I always have my stop loss level because I can’t sit and just holding while mu portfolio are bleeding, I have to stop it and buy back again when the price normalize. In trading, I also believe that having a stop loss set-up is a must, it can help you prevent losing money so do you best to have the stop loss price.Just curious, do any of you set stop losses and recollect again later? Or do you just HODL regardless of what the dip is.
Even if I’m holding, I always have my stop loss level because I can’t sit and just holding while mu portfolio are bleeding, I have to stop it and buy back again when the price normalize. In trading, I also believe that having a stop loss set-up is a must, it can help you prevent losing money so do you best to have the stop loss price. Lots of traders often criticize stop loss function because it takes away the possibility of recovery but I don't know if even 10% of coins that go down ever recover unless a certain Elon Musk is sitting behind to help it.
elon musk only helps shitcoin and meme coins but not all have given a chance by elon so if you are a trader that picks up those kind of coins , stop loss can be your best freind because coins like that can rarely recover and maybe those who said that stop loss is bad are only trading good coins because they can recover easily .
and Elon is part of Manipulating team and we cannot expect good from this person but total BullSh!t for the whole crypto community and market.
no one wants to be a failure in their trades because that can cost huge money .
We need to learn how to use a stop loss even if we are sure with the coin that we chose because they can change direction and then we need to ignore Elon because for his manipulation to get less effective .
Lots of traders often criticize stop loss function because it takes away the possibility of recovery but I don't know if even 10% of coins that go down ever recover unless a certain Elon Musk is sitting behind to help it.
elon musk only helps shitcoin and meme coins but not all have given a chance by elon so if you are a trader that picks up those kind of coins , stop loss can be your best freind because coins like that can rarely recover and maybe those who said that stop loss is bad are only trading good coins because they can recover easily .
and Elon is part of Manipulating team and we cannot expect good from this person but total BullSh!t for the whole crypto community and market.
Lots of traders often criticize stop loss function because it takes away the possibility of recovery but I don't know if even 10% of coins that go down ever recover unless a certain Elon Musk is sitting behind to help it.
elon musk only helps shitcoin and meme coins but not all have given a chance by elon so if you are a trader that picks up those kind of coins , stop loss can be your best freind because coins like that can rarely recover and maybe those who said that stop loss is bad are only trading good coins because they can recover easily .
in a trade, stop loss is used to anticipate if the market moves not according to what we planned, with the stop loss the transaction will close automatically, so we don't get carried away with bigger losses. especially if we can't always be in front of the computer, then this can help traders to survive
By now everyone already must know the meaning and it would have been much more worth if you shared your experience of using it or not using it, instead of explaining what it is. The name stop loss itself suggests what it's meant to do.I trade a lot of coins during a bull run and during those times I use it to make sure if I lose the track of a few coins, I don't end up paying it with my wallet, at least not by too much.
Lots of traders often criticize stop loss function because it takes away the possibility of recovery but I don't know if even 10% of coins that go down ever recover unless a certain Elon Musk is sitting behind to help it.
Stop loss is commonly used when you do trading, but actually, I am not into trading because it is really risky for me as I dont have good knowledge about technical analysis, so I am more focused on investing which is really profitable for me, just make sure always that you have invested in good coins so you can assure that you can earn good profit on it, avoid coins that are only pump and dum it won't survive in the long term.
Actually investing is one of the two pillars of trading. Trading means buying an asset or coin at the best price and selling them at the peak value. If you are investing still I would suggest you to use stop-loss because although you are banking on the futuristic value of the coin and have invested for the long term, it is always good to have a stop loss in case the project falls off for any reason or there is not enough interest towards it.Setting a stop-loss doesn't mean you will have loss, if you feel you have high confidence in your investment, then you can set a low stop-loss such that it won't trigger below a particular amount and since you have faith in your decision, it shouldn't go down to that point and if it does go down that low, I guess you made a mistake and stop-loss saved you from a bigger loss.
in a trade, stop loss is used to anticipate if the market moves not according to what we planned,
yeah right, it will allow us to set our target goals, mostly use for short term trading to avoid having a big loss when market collapse.Quote
with the stop loss the transaction will close automatically, so we don't get carried away with bigger losses.
and it will also allow us to enjoy the short term pump if we also place our sell position for profits target.Quote
especially if we can't always be in front of the computer, then this can help traders to survive
the very use of stop and loss option, this feature allow traders to use their time spending with other importantthings, not needed to closely monitor your computer from time to time.
in a trade, stop loss is used to anticipate if the market moves not according to what we planned, with the stop loss the transaction will close automatically, so we don't get carried away with bigger losses. especially if we can't always be in front of the computer, then this can help traders to survive
Thank you for pointing that out. While this is a fact, many people still failed to do so and incurred losses and had fainted hearts. And perhaps they are failing to do it around this time as well, which can be due of too much eagerness and forgetting some important matters to consider in doing HODL.
They're forgetting it because they're pushing their emotions rather than the important strategy that they have to use. And as they saw the bull market, they're forgetting to take some gains for their own share. While they're thinking that the market will go as high as it can, they don't know when to take profit and instead, they've taken losses so they have to cut loss again if they ever bought at the top without creating a strategy of when to profit.Stop losses often get hit and then market moves in our direction. That's the reason people avoid using stop loss. If you are an experienced trader, you may avoid stop loss in spot trading but never avoid stop loss in future trading.
That’s too bad for them, I mean trading with a lot of emotions are not good and you can’t focus on your strategy if you are too emotional. Cutting losses as necessary, don’t let the market burn all your assets it’s better for you to prevent it at first by doing the cut loss strategy, save your money if you see already the downtrend, don’t wait for any signal as it is already confirmed once it hits your cut loss price.
We cannot blame them but it's a fact that if you're very emotional with your trades, you're prone to losses. 
I didn't have to set it up, because I lost already regardless of bear or bull market. All I need to do as of now is to hodle in order to survive and take my gains for future market recovery.
That's the easiest way out or you can increase you chances of profiting more buy trading. Your trading here doesn't have to do with profit seeking but increasing your bag. Lets assumed you had 0.2 BTC and already the market is against you if you were to put stop losses and sell but you can used that in your favour by selling now and rebuying when the market dip further.This isn't to be done immediately but you can observe the market yourself and engage when you see the opportunity like if the resistance level wasn't successful broken which means a retest of the support level is bond to occur, you can take advantage of this by placing a stop loss order, wait for the maket decline then rebuy and having more coins at the end.
This can be repeated on different occasions and if you get your predictions right, you wouldn't have to wait for a full market recovery to be at profit again. As a trader you should be comfortable trading in every market scenario whether it's bullish or bearish.
However one thing is for sure, if you are trying to do something that you are having hard time understanding then you are going to end up losing a ton of money, that is just simple facts of life. Only go with the thing you can understand and holding is very simple, there is nothing to understand, just buy and do nothing else and that's it, very simple.
That's true until some extent. Trading is not for everybody but at the same time we should put in enough efforts and practice a lot to learn to trade correctly.
Yes we do lose our money in the beginning due to our mistakes but we only learn when we make mistakes.
This is why we should not put huge money in the beginning. Start with a low amount and gradually increase when the profits come in.
Even I had started to trade a few years ago but since I was losing money I took a break and learned more about the analysis and started to trade again recently.
Identifying mistakes and learning from it the best strategy IMHO.
Thank you for pointing that out. While this is a fact, many people still failed to do so and incurred losses and had fainted hearts. And perhaps they are failing to do it around this time as well, which can be due of too much eagerness and forgetting some important matters to consider in doing HODL.
They're forgetting it because they're pushing their emotions rather than the important strategy that they have to use. And as they saw the bull market, they're forgetting to take some gains for their own share. While they're thinking that the market will go as high as it can, they don't know when to take profit and instead, they've taken losses so they have to cut loss again if they ever bought at the top without creating a strategy of when to profit.Stop losses often get hit and then market moves in our direction. That's the reason people avoid using stop loss. If you are an experienced trader, you may avoid stop loss in spot trading but never avoid stop loss in future trading.
Thank you for pointing that out. While this is a fact, many people still failed to do so and incurred losses and had fainted hearts. And perhaps they are failing to do it around this time as well, which can be due of too much eagerness and forgetting some important matters to consider in doing HODL.
They're forgetting it because they're pushing their emotions rather than the important strategy that they have to use. And as they saw the bull market, they're forgetting to take some gains for their own share. While they're thinking that the market will go as high as it can, they don't know when to take profit and instead, they've taken losses so they have to cut loss again if they ever bought at the top without creating a strategy of when to profit.Thank you for pointing that out. While this is a fact, many people still failed to do so and incurred losses and had fainted hearts. And perhaps they are failing to do it around this time as well, which can be due of too much eagerness and forgetting some important matters to consider in doing HODL.
They're forgetting it because they're pushing their emotions rather than the important strategy that they have to use. And as they saw the bull market, they're forgetting to take some gains for their own share. While they're thinking that the market will go as high as it can, they don't know when to take profit and instead, they've taken losses so they have to cut loss again if they ever bought at the top without creating a strategy of when to profit. I didn't have to set it up, because I lost already regardless of bear or bull market. All I need to do as of now is to hodle in order to survive and take my gains for future market recovery.
That's the easiest way out or you can increase you chances of profiting more buy trading. Your trading here doesn't have to do with profit seeking but increasing your bag. Lets assumed you had 0.2 BTC and already the market is against you if you were to put stop losses and sell but you can used that in your favour by selling now and rebuying when the market dip further.This isn't to be done immediately but you can observe the market yourself and engage when you see the opportunity like if the resistance level wasn't successful broken which means a retest of the support level is bond to occur, you can take advantage of this by placing a stop loss order, wait for the maket decline then rebuy and having more coins at the end.
This can be repeated on different occasions and if you get your predictions right, you wouldn't have to wait for a full market recovery to be at profit again. As a trader you should be comfortable trading in every market scenario whether it's bullish or bearish.
However one thing is for sure, if you are trying to do something that you are having hard time understanding then you are going to end up losing a ton of money, that is just simple facts of life. Only go with the thing you can understand and holding is very simple, there is nothing to understand, just buy and do nothing else and that's it, very simple.
Just curious, do any of you set stop losses and recollect again later? Or do you just HODL regardless of what the dip is.
I didn't have to set it up, because I lost already regardless of bear or bull market. All I need to do as of now is to hodle in order to survive and take my gains for future market recovery. When you're taking chances aggressively, you won't sustain once trading pressures happened unexpectedly.
While, for those who don't have that much budget fear will conquer them and instead of waiting they'll be force by the current situation and sell their assets even it's still in red,
Stop and loss played big role especially for those experienced traders who knows how to deal with every market situation, using this as a tool to prevent losing a lot knowing that there's always another time for them to recover in case the direction of the market is not favoring them.
Just curious, do any of you set stop losses and recollect again later? Or do you just HODL regardless of what the dip is.
HODL is not always the answer if you are a real trader you won't believe in HODL since there's a lot of opportunities to earn in the market whether the price is going up or going down. Not having a stop loss in trading I can say is a mortal sin, every intermediate or pro traders always has a stop loss whenever they enter the market.
While the bull run continued, few people remembered about the stop loss. But as soon as the market turned in the other direction and investors began to experience Fomo, everyone begins to understand that it is better to fix your loss than to continue holding a position whose price is decreasing every day. In addition, stop loss provides an opportunity to enter the market on more favorable terms.
Just curious, do any of you set stop losses and recollect again later? Or do you just HODL regardless of what the dip is.
HODL is not always the answer if you are a real trader you won't believe in HODL since there's a lot of opportunities to earn in the market whether the price is going up or going down. Not having a stop loss in trading I can say is a mortal sin, every intermediate or pro traders always has a stop loss whenever they enter the market.
While the bull run continued, few people remembered about the stop loss. But as soon as the market turned in the other direction and investors began to experience Fomo, everyone begins to understand that it is better to fix your loss than to continue holding a position whose price is decreasing every day. In addition, stop loss provides an opportunity to enter the market on more favorable terms.
Just curious, do any of you set stop losses and recollect again later? Or do you just HODL regardless of what the dip is.
HODL is not always the answer if you are a real trader you won't believe in HODL since there's a lot of opportunities to earn in the market whether the price is going up or going down. Not having a stop loss in trading I can say is a mortal sin, every intermediate or pro traders always has a stop loss whenever they enter the market.
While the bull run continued, few people remembered about the stop loss. But as soon as the market turned in the other direction and investors began to experience Fomo, everyone begins to understand that it is better to fix your loss than to continue holding a position whose price is decreasing every day. In addition, stop loss provides an opportunity to enter the market on more favorable terms.
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