Stop losses - page 7. | Bitcointalksearch.org

DarkIT

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Quote from: sherryDEFI on June 22, 2021, 01:17:50 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.

Holding is the better and simplest step to stop loss.Incase,you had brought bitcoin at the value of 40k.You need to wait till it reach the value of 41k.Because with the pump only,we can earn money.You should spend some time to monitor the market.Without that,you can't earn even 1 dollar to your pocket.It's the simple logic to get good profit.

Ararbermas

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Quote from: sherryDEFI on June 22, 2021, 01:17:50 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.

it depends on your strategy how to apply it because you can set up stop lose whenever you want just to prevent a huge lose. But if you didn't set stop lose and you're stuck up because of the dip then holding is always the best way to stay safe and to have a chance to regain the lost. However if you don't want such situations, always remember as well to set that thing because it's a big advantage and big help to protect your money while trading, wherein no matter what happen you're still safe..

Lee_Mire

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Quote from: sherryDEFI on June 22, 2021, 01:17:50 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 always use stop losses when I'm trading. Even when I'm trading spot (no margin). Holding a loosing trade is nothing like hodling (investing). As a trader you want to keep firing as new trading opportunities come up. You can't enter new trades if your stuck in a loosing trade. This is called opportunity costs. I rather cut my loses (with a stoploss) and get into a new trade than to maintain a loosing position. The double whammy of loosing money on a bad trade while also incurring opportunity costs is beyond amateur.

CryptocurencyKing

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In trading, one can never be too sure of an analysis or a trading position in the market. So, you employ price action by looking at what price has been doing in the market to aid you in guiding against loses. Stop Lose and Take Profit SL/TP helps you do that. They are your perfect watchman on a trade that you aren't very sure of in order to ensure you don't have much reason for regrets.
Though, you've got to know how to apply them and know that, there could be some malfunctions that might occur in the market and though you might have your SL/TP set, it could not be triggered. I've heard of this things but haven't seen it happen so, you just don't have to be all relaxed with a SL/TP set. About how to set stop lose and take profit,

For Stop Lose, the previous low or lower high is targeted and set right below it, just a few pips in while,
For tlTake profit, the next or higher high, is targeted and set a few pips close to it.

xSkylarx

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Quote from: sherryDEFI on June 22, 2021, 01:17:50 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 can't monitor the market properly as I am busy with personal stuffs so I just HODL and don't bother if it dips. I even buy more if I have extra money. Having stop losses is only for traders who want to lessen their losses. They put a stoploss so they still have buying power and able to buy more quantity of that particular crypto at a lower price. Stoploss is very important especially if you are doing leverage trading to avoid being liquidated. As for spot, you only put stoploss if you can monitor the market properly. If you put stoploss then the price quickly bounce, you will just buy again at a higher price with lesser quantity of that coin.

Questat

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Quote from: sherryDEFI on June 22, 2021, 01:17:50 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.

For me, it was optional and it depends on the trader but honestly, it place an important role especially when you are out of time to make a trade. I use this but not too often coz that never helps you to make a profit in trading but just only to save you from losing a lot. In many cases that I lifted my sell-order, I've just to think what if I just hold it while waiting for the market to rise? That is why I'm saying it was only an option but I'd rather have not used it if there is another way to save from losing.

ipanks

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Quote from: sherryDEFI on June 22, 2021, 01:17:50 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.

It is better to use stop loss to prevent the downtrend that can happen at any time. Usually, I set it after I bought it just in case if the price has a dump. But if I see that the price will not get a big dump, I will not use stop loss instead of waiting for the price moves.

If I see the price is dropping fast and I lose the chance to use the stop loss, I will hold it and just wait for more. That will be different if the coin gets a bearish trend, and if that happens, stop loss will be necessary to prevent the big loss.

Cryptoababe

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When you hodl, i dont think there is an option for stoploss. Because you only sell when you feel like and make profit when the value of the asset you are hodling increases.
But for trading or margin trading, stop loss in important to minimise your loss.

awik p

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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

FFrankie

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There should never be any sell orders for bitcoin if you are trading in a crappy alt coin the stop loss should be set at 75% down. Anything that swings 60% down in a day should be sold. Look at titan coin for example.

maxreish

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Quote from: sherryDEFI on June 22, 2021, 01:17:50 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.

You mean stop loss in margin trading or the usual trading? Because its two different. I mean when I set up stop loss in margin tradingor with my leverage trading, when it triggered ans it hit. It automatically stop your position or entry. As aith those usual trading, if you wish to have stop loss and you decided to sell it. Recollecting is a good idea to compensate that loss and to be at profit again.

But the thing is that, "holding" is better than to recollect and to retrade it again.

Bitcoin_Arena

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Quote from: sherryDEFI on June 22, 2021, 01:17:50 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 don't know if you understand the meaning of HODLing but this is when you keep your coins until a target profit point and you don't bother selling them off regardless of how deep the price drops so it doesn't require stop loss.

The best thing to do is buying bitcoin during the dip like one where it was was $3K and then you HODL, if the price reaches $100K and then drops back to $10K, you won't be bothered that much because you bought the Bitcoin at $3K and you will have hope that it will rise back up during the bull market.

Stop losses are more applicable in short term trades.

Yatsan

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Upon doing trading, you must be setting up your stop loss to somehow manage your funds not leaving you with total zero balance of massive loss because you haven't observe the market properly or it have gone the other way than you expected it to be. Traders usually do set this up in order to save them from a total loss upon doing trades. Hodling is good if you do not want hassle or risks to be taken but trading is other possible way of earning buy you must be aware to be dealing on risks and it is more likely to have losses than gains so setting up stop loss is essential.

tvplus006

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Quote from: sherryDEFI on June 22, 2021, 01:17:50 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.

Setting a stop loss in spot trading helps to save your deposit and gives you the opportunity to buy a coin at a reduced price. But there is another opinion that with high volatility, you will constantly lose your money using stop loss. But after such dumps, as we saw today, the number of supporters of setting a stop loss in spot trading should increase.

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Quote from: Alisha-k on June 22, 2021, 02:26:54 AM

Stop loss is used specifically when you are trading your coin to limit your losses. Then if you choose to hodl you don't need a stop loss except you wish to withdraw then buy more of the dip when it keeps going down. I prefer to hodl since my coins isn't upto $1k to avoid blowing off everything due to spike since cryto market is highly volatile.

This are two perspective associated with crypto, an enthusiast can either be a hodler or a trader, a hodler wouldn't have an option of placing a stop loss especially when the coins is held in a wallet no wonder report reaching us in the last few weeks stated that $billions of account of crypto hodlers were liquidated due to market dip. whereas a trader can exchange a crypto to a stable coin like USDT and BUSD and trade with a stop loss, in this bearish run the trader short a coin with a stop loss placed above the resistance when the price pumps instead of falling the trade will cut off some risk of the trader based on the position of the stop loss, thus trading is more safer and more than holding secure unfortunately majorities of crypto enthusiast can't withstand the rigorous training and learning to becoming a trader, instead settled as a hodler.

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Quote from: sherryDEFI on June 22, 2021, 01:17:50 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.

That is an option for traders but it is better to set stop losses to prevent the downtrend from preventing getting more losses. If you do not want to trade and only want to watch the market, you do not need to set the stop loss. Stop losses really help the traders so I think you can use it too before losing your money. But that will be up to you.

Taskford

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Quote from: sherryDEFI on June 22, 2021, 01:17:50 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.

Depends how the price action goes but actually I don't dl much stop loss since I mostly hodl just to avoid any further losing, most of the time I just try to grab another funds just to do a fresh start and buy at the dip so that I can possibly earned back what I supposed to lose when bitcoin pricr dumps. You can also see how history works so that you can gain a confidence about future of bitcoin and altcoins.

feelideb

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My asset on centralized excjange is mainly for trading and therefore, I set stop loss on my trading position to prevent sudden price swing like we have witness in the past few weeks! Stop loss have reduced my loss and protected my capital. Stop loss must be used often in an unpredictable market that we are. The price swing downward should trigger yiour stop-loss and safe you from deep loss!

Wexnident

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I just HODl so I don't really set up stop loss. I used to way back when I was trying out trading, and I really think should be done. Hodling is another matter since it doesn't really matter much if the market crashes 10, 20 or more since you're HODLing. It's not a matter of price but time in that case imo.

hichamito37

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We use stop loss when we trade. For holder, they are not interested in short market corrections.Then stop loss is not necessary in this case. The assets of the holders are almost unaffected.

Topic: Stop losses - page 7. (Read 1212 times)