Stop losses - page 5. | Bitcointalksearch.org

CryptopreneurBrainboss

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Quote from: Cherylstar86 on June 30, 2021, 06:31:11 PM

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.

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Quote from: tygeade on June 28, 2021, 04:06:53 AM

Even you are a full time trader, you must go for stoploss orders because I have experienced market situations where prices are jumping in quicker manner and in that kind of situations we cannot do anything even we are watching markets closely.

People are these days having some excuse for not using stoploss levels and one of them must be they are watching market continuously so they are saying that they do not need to use stoploss levels. The scenario you have notified must be the appropriate one for anyone to go for making use of stoploss levels regardless of they are trading all the day or not.

Quote from: Cherylstar86 on June 30, 2021, 06:31:11 PM

When you're taking chances aggressively, you won't sustain once trading pressures happened unexpectedly.

Being aggressive must be an emotional failure due to market pressure. Traders do assume that they have target levels and stop levels hence being aggressive will not impact but when your mind is not in stable state then you may choose wrong signals to enter which could be avoided if you are not aggressive.

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Quote from: sherryDEFI on June 22, 2021, 02:17:50 AM

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.

Silberman

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Quote from: sana54210 on June 27, 2021, 02:53:51 PM

Quote from: Tahsin Kabir Kollol on June 27, 2021, 12:52:53 PM

It totally depends on the type and duration of your trading. It also focuses on market analysis and decision making accordingly. Long-term investment decisions usually do not use stop losses if the market analysis is considered appropriate. Again, in the case of short-term investments, if the market analysis is positive, then it is not appropriate to use it in the hope of making more profit. However, stop loss is a very important method in the side-way market. Because in this case, the stop loss method will help you to avoid the possibility of big losses. However, it is not mandatory to use it in all cases or it may not be considered as the right decision.

Stop loss is important to safeguard our capital but people are having misconception about stoploss because they are ready to hold their positions rather than booking losses at stoploss. What we need to understand here is, stoploss is not only for cutting of a losses early but it will help us to get into another position as early as possible compared to those traders who are trading without stoploss.

When traders are not having stoploss levels then they might need to wait for more time and within that time they might be losing other good opportunities but when you are exiting at stoploss levels then definitely you could find good opportunities to recovery your losses.

Trading without a stop loss is bad enough but there are many people that are trading using leverage without it, and this is imply awful as you only need for the market to move a little bit against your prediction and then you lose all of your capital, so to all of those that want to be traders and are expecting to make a career out of it remember to always use a stop loss, I know there are circumstances in the market that will make some of those traders to reconsider that decision but it is simply not worth it as the risk is simply too great.

tygeade

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Quote from: NewRanger on June 27, 2021, 07:11:09 PM

By using stop loss we can make more trades in future, meanwhile if we didnt set up it we could only make single trade only. this is the function of using money management strategy, we can save our money if suddenly market crash sharply

Yes, keeping the open position in negative profits and then watching it with all pain of losses and along with seeing other good opportunities are missing out because of not having enough capital to trade with, must be very much frustrating situation any trader could face. Trading without stoploss must be a failure of money management principles. When we are not having something as per the basics of recommended pro trading plans then we cannot expect good results all the times.

Quote from: Ziskinberg on June 27, 2021, 07:23:08 PM

It wasn't the urge to use this stuff if we are full-time traders but if we just have a limited time to monitor our trades, it is a must for us to consider.

I disagree. Even you are a full time trader, you must go for stoploss orders because I have experienced market situations where prices are jumping in quicker manner and in that kind of situations we cannot do anything even we are watching markets closely.

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Quote from: NewRanger on June 27, 2021, 07:11:09 PM

Quote from: wahyu wida on June 27, 2021, 10:59:58 AM

Quote from: Peanutswar on June 27, 2021, 09:26:26 AM

When making a trade this is also what we need always make a stop loss this is one of the common mistakes they get the urge to get more to comeback their money this is a mental battle if you want to cut your loss and try again for your trade or just simply holding your position even losing more money. In making a trade I highly recommended having a decision with your trade such as Cross or an Isolated trade so you can limit your risk. Stop-loss makes your money safe. When making a trade always be conscious of having a risk to your funds.

stoploss as if mandatory for traders to anticipate if the analysis is wrong. especially if we cannot always see the market, it is very necessary to secure our capital. sometimes many people do not wear it, and if there is a rally going down they can lose more. but if we can always be in front of the market then cutloss can also be used to minimize losses

good traders with structured trading plan will always set stop loss in order secure their fund. By using stop loss we can make more trades in future, meanwhile if we didnt set up it we could only make single trade only. this is the function of using money management strategy, we can save our money if suddenly market crash sharply, because no one when it happen. Fud could occur anytime to make market panic.

No plan, NO direction. Traders had come and lost their money because they don't have such a thing. Traders are using the stop-loss strategy as was the most important tool to save from losing their funds.
It wasn't the urge to use this stuff if we are full-time traders but if we just have a limited time to monitor our trades, it is a must for us to consider. I can't imagine what will happen to us when we wake up early morning and all our funds are gone, that something terrible, right? But if we use stop-loss, we surely save some of it. That is how it worlks.

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Quote from: wahyu wida on June 27, 2021, 10:59:58 AM

Quote from: Peanutswar on June 27, 2021, 09:26:26 AM

When making a trade this is also what we need always make a stop loss this is one of the common mistakes they get the urge to get more to comeback their money this is a mental battle if you want to cut your loss and try again for your trade or just simply holding your position even losing more money. In making a trade I highly recommended having a decision with your trade such as Cross or an Isolated trade so you can limit your risk. Stop-loss makes your money safe. When making a trade always be conscious of having a risk to your funds.

stoploss as if mandatory for traders to anticipate if the analysis is wrong. especially if we cannot always see the market, it is very necessary to secure our capital. sometimes many people do not wear it, and if there is a rally going down they can lose more. but if we can always be in front of the market then cutloss can also be used to minimize losses

good traders with structured trading plan will always set stop loss in order secure their fund. By using stop loss we can make more trades in future, meanwhile if we didnt set up it we could only make single trade only. this is the function of using money management strategy, we can save our money if suddenly market crash sharply, because no one when it happen. Fud could occur anytime to make market panic.

sana54210

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Quote from: Tahsin Kabir Kollol on June 27, 2021, 12:52:53 PM

It totally depends on the type and duration of your trading. It also focuses on market analysis and decision making accordingly. Long-term investment decisions usually do not use stop losses if the market analysis is considered appropriate. Again, in the case of short-term investments, if the market analysis is positive, then it is not appropriate to use it in the hope of making more profit. However, stop loss is a very important method in the side-way market. Because in this case, the stop loss method will help you to avoid the possibility of big losses. However, it is not mandatory to use it in all cases or it may not be considered as the right decision.

Stop loss is important to safeguard our capital but people are having misconception about stoploss because they are ready to hold their positions rather than booking losses at stoploss. What we need to understand here is, stoploss is not only for cutting of a losses early but it will help us to get into another position as early as possible compared to those traders who are trading without stoploss.

When traders are not having stoploss levels then they might need to wait for more time and within that time they might be losing other good opportunities but when you are exiting at stoploss levels then definitely you could find good opportunities to recovery your losses.

Silberman

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Quote from: sherryDEFI on June 22, 2021, 02:17:50 AM

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 think you are confusing two different actors in the market, investors are interested in the long term and once they select a coin they are not going to be interested in selling their coins even if the market is going down, traders on the other hand are interested in the short term fluctuations in the market and as such when there is an important decrease in the price they need to set a stop loss as they know that being part of the market when it is going down could take them months to recover in the best case scenario, so depending on what you are different tactics are needed.

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A stop loss order is an order made by a broker to buy or sell an investment instrument (either in the form of cryptocurrency or shares) when the price has reached a certain limit. This order is designed to limit investors' losses. For example, a trader buys Bitcoin and sets a stop-loss order 15% below the purchase price. So when the value drops, this order will be activated and Bitcoin will be sold as a market order. Although many traders associate this technique with long positions, you can also use it to protect short positions. This means that the trading product that you have will be purchased if it is traded above a predetermined price.

Tahsin Kabir Kollol

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It totally depends on the type and duration of your trading. It also focuses on market analysis and decision making accordingly. Long-term investment decisions usually do not use stop losses if the market analysis is considered appropriate. Again, in the case of short-term investments, if the market analysis is positive, then it is not appropriate to use it in the hope of making more profit. However, stop loss is a very important method in the side-way market. Because in this case, the stop loss method will help you to avoid the possibility of big losses. However, it is not mandatory to use it in all cases or it may not be considered as the right decision.

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Quote from: wahyu wida on June 27, 2021, 10:59:58 AM

stoploss as if mandatory for traders to anticipate if the analysis is wrong. especially if we cannot always see the market, it is very necessary to secure our capital. sometimes many people do not wear it, and if there is a rally going down they can lose more. but if we can always be in front of the market then cutloss can also be used to minimize losses

Its not mandatory as we are not all required to do it if we have a certain goal for future profit and we know what altcoins or coins we are invested with.It is needed by those who are not certain yet of what they plan as well who depend on trading for living. I do put stop loss whenever for some altcoins especially the new ones that I just invested with but when it comes in BTC I just let it and hold as much as I can.

SquallLeonhart

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Quote from: Peanutswar on June 27, 2021, 09:26:26 AM

When making a trade this is also what we need always make a stop loss this is one of the common mistakes they get the urge to get more to comeback their money this is a mental battle if you want to cut your loss and try again for your trade or just simply holding your position even losing more money.

Engaging stoploss might be easier and not an emotional thing when your position stays positive but at the same time if your position is near to hit stoploss levels, then it will become a mental battle because you may not be ready to accept the losses. Going for stoploss will be easier when we gain experience; it means trading with stoploss will show our level of maturity in trading.

Quote from: wahyu wida on June 27, 2021, 10:59:58 AM

if we can always be in front of the market then cutloss can also be used to minimize losses

But this cannot be a recommended practice because continuously watching may not be possible and also market may jump to get more losses hence putting stoploss well in advance must be a good and safer practice.

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Quote from: Peanutswar on June 27, 2021, 09:26:26 AM

When making a trade this is also what we need always make a stop loss this is one of the common mistakes they get the urge to get more to comeback their money this is a mental battle if you want to cut your loss and try again for your trade or just simply holding your position even losing more money. In making a trade I highly recommended having a decision with your trade such as Cross or an Isolated trade so you can limit your risk. Stop-loss makes your money safe. When making a trade always be conscious of having a risk to your funds.

stoploss as if mandatory for traders to anticipate if the analysis is wrong. especially if we cannot always see the market, it is very necessary to secure our capital. sometimes many people do not wear it, and if there is a rally going down they can lose more. but if we can always be in front of the market then cutloss can also be used to minimize losses

Peanutswar

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When making a trade this is also what we need always make a stop loss this is one of the common mistakes they get the urge to get more to comeback their money this is a mental battle if you want to cut your loss and try again for your trade or just simply holding your position even losing more money. In making a trade I highly recommended having a decision with your trade such as Cross or an Isolated trade so you can limit your risk. Stop-loss makes your money safe. When making a trade always be conscious of having a risk to your funds.

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Quote from: newdevices on June 26, 2021, 09:58:32 PM

discussing stop losses will indeed be difficult to discuss, because many new traders still like to avoid it,
even though how important it is to stop losing in the world of crypto currencies, yes it is very important!,
put a stop loss, and you will be safe from long bearish!

I ain't to force traders not to use stop-loss strategy nor to discuss someone who is not interested to learn. I know that some traders just ignore the importance of trading, apparently, they are wrong. They never appreciate that much because they once at failure, too sad to end that short but I believe they will turn back using this strategy once again.

Nevertheless, we can't assure that everything will be fine when we use this one. We are still prone to losing but at least we save some bucks rather than losing our entire capital.

Mistafreeze

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If you don't use stoploss in trading, I'm sorry you might cry later! The market has different ways of hunting stoploses putting confusion in traders mindset if they have not good experience or knowledge on how the market works. I have lose a lots of funds due to my ignorance of not using stoplosses because I was somehow positive about the outcome of my trades, which later end in tears.

Stoplosses is very important to be implemented as a trader except you choose to scalp the market which is sometimes not advisable especially in a volatile market that spike anyhow. Stop lose could safe you of your hard earn money to be gone within stretch time. It helps to avoid unnecessary risks that could affect the total capital used in trading.

Always try and use stoplosses... it's part of risk management!

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Quote from: newdevices on June 26, 2021, 09:58:32 PM

discussing stop losses will indeed be difficult to discuss, because many new traders still like to avoid it,
even though how important it is to stop losing in the world of crypto currencies, yes it is very important!,
put a stop loss, and you will be safe from long bearish!

No, it is not that difficult because that will depend on how the trader will react based on the market situation. Many new traders will not apply stop-loss because they hope the price will be back to the high price soon so they are waiting for that time. But if they can use the stop-loss feature, that will help them to prevent the losses that cause by the drop in the price. In this long bearish time, we need to have more patient and stop-loss will be useful.

newdevices

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discussing stop losses will indeed be difficult to discuss, because many new traders still like to avoid it,
even though how important it is to stop losing in the world of crypto currencies, yes it is very important!,
put a stop loss, and you will be safe from long bearish!

Maslate

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Stop-loss has some importance in trading, the majority are using this even upon entry (maybe some just use it when it is needed). Traders had used this to save themselves from losing a lot. You should never ignore this thing, you will know once you are in actual trading. Well, trading has a big difference compared to the situation when you are just investing. That HOLD is something special in here especially when the market is bleeding.

All of these things have a huge role in the market, yes, the things you need to consider when you are in crypto.

Topic: Stop losses - page 5. (Read 1187 times)