Evaluating how much we can afford on the event of negative market and then immediately incorporating stoploss levels once entry got triggered are usual practices of pro traders.
Honestly I'm not going for immediately for putting stoploss orders because after having strong technical analysis alone I am opening my orders. It means very rarely stoploss may get triggered for me so I will be having enough time to put stoploss order. Hence, I do believe that you do not need immediately to put stoploss orders but need to be carefully watching market whether stoploss levels coming down or not. When you are in front of market screen then you can take your own time to put stoploss order until it is needed. 
Topic: Stop losses - page 6. (Read 1212 times)
Seriously from the little experience am having in Cryptocurrency I believe the first thing you should always do after buying a coin is to set stop lost because some times after buying a coin the coin will start dumping I believe stop Lose is very important because it will definitely cut your lost and after the coin is down you can easily buy back the coin again at lower amount. Let me use myself as example I bought sxp coin last year on binance at $3.2 thinking the coin will pump to $5 but suddenly bitcoin started dumping which affected the coin but with the help of stop-loss it sold itself at $3.0 after the coin dump to around $0.8 I bought again and I sold it at $5 few weeks again so you see stop-loss is very important.
Pretty sound advice for newbies although when it was my first time buying bitcoin, I didn't put mine but I was lucky that the prices back then was on a rally so I did get a decent profit there but I am speaking from experience, it might be different from you so there is an high chance that it will be different experience for you. Consider putting a stop loss. 
You can trade shitcoin get your profit and move out without been attached like what most newbies investors are currently experiencing.
In simple words this can be summarized like this: for trading you just need technical things whereas for holding you must need to go for fundamental analysis. Fundamentals of bitcoin is too good and that is the reason it is highly recommended for long-term holding. Long term holding got nothing to do with stoploss things.before I enter a trade, I am deciding my stop loss immediately, and set it once the trade is open.
That must be the exact way, every trader should go 
. Evaluating how much we can afford on the event of negative market and then immediately incorporating stoploss levels once entry got triggered are usual practices of pro traders. 
If I trade in the short term, then stop loss is a mandatory option for me. In long-term trading, I see no point in stop-lss. Stop-loss is a good way to minimize losses, so I would use this option
Only if you're a daily trader.It's like it's a must when you do daily trades because it will have you stop from more losses that you're having if the market is going down.
Whether you're away from your PC or phone or whatever device you use as you trade. You're worry-free because you've already set your stop loss.
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Just curious, do any of you set stop losses and recollect again later? Or do you just HODL regardless of what the dip is.
Do understand that you're trading and not investing. Traders only care about profits and don't basically have to believe in a project before they can start trading it. This believe are what make you hold a project but traders don't need that to succeed, they just have to get the technicalities right. You can trade shitcoin get your profit and move out without been attached like what most newbies investors are currently experiencing.
That been said, as a trader you must have your stop loss option plugged in at all point to avoid you been in losses or minimizing your loss so you can live to fight another day. Your stop loss though don't have to always been in the negative side of the market, you can use this option to your advantage by constantly adjusting it to take profits as the trades flavours you.
If I trade in the short term, then stop loss is a mandatory option for me. In long-term trading, I see no point in stop-lss. Stop-loss is a good way to minimize losses, so I would use this option
Only if you're a daily trader.It's like it's a must when you do daily trades because it will have you stop from more losses that you're having if the market is going down.
Whether you're away from your PC or phone or whatever device you use as you trade. You're worry-free because you've already set your stop loss.
But I'm not preferred to doing it, I suppose not to trade if I have limited time to check the market and limited access to my PC or phone. Eventually, it is hard when you don't have time enough to trade and sometimes it leads to worse ends (losing).
people who do hodl, they do not place stop-loss regardless of the dip the market is facing, there are people who have even had losses of more than 50% of the investment and continue doing hodl, in my opinion in this scenario of doing hodl and being with big losses one should buy every dip to minimize losses and be rewarding in the long run.
In the case of day trade, it is mandatory to use stop-loss, there are times when the market drops a lot, imagine that you buy bitcoin for the price of $34000, do not put Stop-Loss and leave home, and when you return home you find it while the price dropped to $30,000, Is a very big loss
In the case of day trade, it is mandatory to use stop-loss, there are times when the market drops a lot, imagine that you buy bitcoin for the price of $34000, do not put Stop-Loss and leave home, and when you return home you find it while the price dropped to $30,000, Is a very big loss
Yes, crypto markets are known for having high volatility that is why we see flash dumps and epic moves especially in high volatility periods. The issue of stop loss has been heavily debated in the past and at the end of the day, it was agreed that it is dependent on the trader in question. I have a friend who doesn't use stop loss even for leveraged trades. Even with losses, he doesn't make changes to use stop loss for future trades. In his defense, he has missed a lot of big moves simply because market stopped him out before moving in the original direction he predicted.
people who do hodl, they do not place stop-loss regardless of the dip the market is facing, there are people who have even had losses of more than 50% of the investment and continue doing hodl, in my opinion in this scenario of doing hodl and being with big losses one should buy every dip to minimize losses and be rewarding in the long run.
In the case of day trade, it is mandatory to use stop-loss, there are times when the market drops a lot, imagine that you buy bitcoin for the price of $34000, do not put Stop-Loss and leave home, and when you return home you find it while the price dropped to $30,000, Is a very big loss
In the case of day trade, it is mandatory to use stop-loss, there are times when the market drops a lot, imagine that you buy bitcoin for the price of $34000, do not put Stop-Loss and leave home, and when you return home you find it while the price dropped to $30,000, Is a very big loss
Seriously from the little experience am having in Cryptocurrency I believe the first thing you should always do after buying a coin is to set stop lost because some times after buying a coin the coin will start dumping I believe stop Lose is very important because it will definitely cut your lost and after the coin is down you can easily buy back the coin again at lower amount. Let me use myself as example I bought sxp coin last year on binance at $3.2 thinking the coin will pump to $5 but suddenly bitcoin started dumping which affected the coin but with the help of stop-loss it sold itself at $3.0 after the coin dump to around $0.8 I bought again and I sold it at $5 few weeks again so you see stop-loss is very important.
If I trade in the short term, then stop loss is a mandatory option for me. In long-term trading, I see no point in stop-lss. Stop-loss is a good way to minimize losses, so I would use this option
Only if you're a daily trader.It's like it's a must when you do daily trades because it will have you stop from more losses that you're having if the market is going down.
Whether you're away from your PC or phone or whatever device you use as you trade. You're worry-free because you've already set your stop loss.
If I trade in the short term, then stop loss is a mandatory option for me. In long-term trading, I see no point in stop-lss. Stop-loss is a good way to minimize losses, so I would use this option
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Just curious, do any of you set stop losses and recollect again later? Or do you just HODL regardless of what the dip is.
Hold for promising coins and stop loss and change coin to retrieve my capital back. I am not much trade but i keep did that when in spot trading because sometimes we picked wrong coin in market and it can be happened (about price keep falling and seems hard to bounce back). Because if i forced myself to trade that coins again, it still can be risky too. 
Personally, in trading, I always place a stop loss just in case the market differs from our analysis. in placing a stop loss do not be stingy, in the sense that we have to calculate the risk on each transaction. let's imagine if we buy bitcoin at a price of $ 55k, if we hold on to it until now, of course psychologically disturbed
It's not wrong, stop loss is a relatively good way to save money but many people do very detailed calculations and don't want to put their money in the hands of the market, they perceive their losses as sorrow and they cannot allow it, but their excessive stinginess only makes them lose more quickly. That's why many experts always suggest that we should set our vision for the future, not just an overnight vision, tug-of-war with the market is not a good way when it's so much stronger than us, it's respectable to take a step back to see a win I am currently using stop loss because it is very useful when market conditions go down like this, there is no word "hodl" when the market is down, it will continue to fall, I hope those who often lose should use this so that they do not lose much.
Stop losses means holding your crypto coins during downfalls. Those people invested and hold their coins for a year don't need to worry since they already have a profits and might prevent losses. Holding coins is very useful especially when market prices went down. Stop loss is only required for traders who are actively trading right now for exchanges but not to earn big profits. 
do any of you set stop losses and recollect again later? Or do you just HODL regardless of what the dip is.
For the people who opted to hold for years, stoploss is never a concern because they are already into profits and they might be having trailing stop-loss in mind because they might not have any open order in any exchanges as all of their assets must be in cold stored local addys. So, stoploss is required only for the traders who are actively trading right now in exchanges and not into big profits already.The market is extremely manipulative and therefore many experienced traders do not recommend using stop-losses
By manipulative, we can understand that bitcoin market will recover at any time because the current bearish mode is not natural but triggered by manipulations hence market may recover at any time and if you're a true believer of bitcoin's future then you can go for holding without stoploss. 
Just curious, do any of you set stop losses and recollect again later? Or do you just HODL regardless of what the dip is.
Depends on what kind of investor or trader you are because on my parts im not really that fan of using stop losses unless if i do get away from my keyboard and i do have some open positions then i do usually make or set stop losses but if not then i would just let it be and when im on negative then i do simply make out some holds and wait up for some recovery at least you do still have the chance for breakeven or make out profit when the market tends to make a shift unlike when SL's had been triggered then that would be already considered to be a loss.So its up to someone on how they
would be taking stop loss and its a matter of preference.
The market is extremely manipulative and therefore many experienced traders do not recommend using stop-losses, but for a beginner this is a deadly number.
It is better to lose a few percent of the deposit than to watch the entire deposit burn out in the bear market. Now the market is very dangerous, there is no clearly defined trend, which means it is better not to trade at all.
It is better to lose a few percent of the deposit than to watch the entire deposit burn out in the bear market. Now the market is very dangerous, there is no clearly defined trend, which means it is better not to trade at all.
it depends on whether you are for long term or short term. for long term you dont need to set stop losses even if you get caught in the dip, you just remain no matter how long it takes and then you take profit anytime it comes. but for short term you have to set stop loss because you dont want to get caught in a dip situation and wont want to wait longer for recovery.
Just curious, do any of you set stop losses and recollect again later? Or do you just HODL regardless of what the dip is.
Your purpose of investing at first is what will determine whether you’re going to be making use of stop loss or not. If you’re a day trader you need to be making use of stop loss to reduce your risk. Since you’re just following the quick up and down movement of the price to make income, you have to have your stop loss switched on steady so that you don’t end up making a mistake and losing your money. But, if what you want to do is HODL (long term), then it is not necessary for you to be using stop loss. I can HODL for months and even a year, and in a case like this, I don’t see the need to for that stop loss. 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 personally trade altcoins for short term, so i always set a stop loss for them, but for bitcoin since i am investing in it for the long term and have most of my investment in it i just hold because i know for a fact that no matter how low bitcoin goes it will always go back up again, but for some altcoins that thing does is not always true, so if you believe in an investment you should always support it and it will pay off. Jump to: