but with various market manipulation issues, it makes me less confident in applying stop losses, in fact their effectiveness cannot run normally.
Every exit or take profit (TP) level is a psychological level the same way every stoploss (SL) level is. Traders are humans subject to emotions the same way platform and exchange owners are. We know of instances of trade manipulations from exchanges and platforms because their owners follow the same psychological levels traders follow. For instance, most traders are looking at $100,000 as the next strong resistance level for Bitcoin. With that, you will see a lot of them selling off around that level even if it seems that price could break it at once. If there are going to be traders who will want to short from that level with SL placed slightly above that level could've their SL hit too if it spikes around there, either by genuine price action (PA) or exchange manipulation. The wise thing to do is to allow one's SL breathe by giving it a wide margin while placing it. Don't place your SL close to any psychological level. Space it, and you will be fine. 
Topic: The psychology of stoploss - page 2. (Read 391 times)
I never think that stop loss be a challenge, I just set it because I need it to manage the loss and also risks that I am probably getting while trading in the future (mostly).
And about trading in spot, I only a few times also using SL, moreover if it is a good or top coins, I will prefer to wait for increasing price. But once more, it doesn't mean that never using SL for a spot. Sometimes, it is also good to use SL because I want to manage the funds in order to ensure to lose small and then get another chance in another trading
I think it depends on our trading period, if we are trading long term, I don't think that using stop losses is also not a problem, but for short term daily trading, I think stop losses are mandatory, because we only take advantage of the narrow space to look for opportunities to profit from there And about trading in spot, I only a few times also using SL, moreover if it is a good or top coins, I will prefer to wait for increasing price. But once more, it doesn't mean that never using SL for a spot. Sometimes, it is also good to use SL because I want to manage the funds in order to ensure to lose small and then get another chance in another trading
In order to use a stop loss, a trader must change psychologically, accepting the fact that in addition to profitable trades, there will necessarily be unprofitable ones. In any case, it is better to get a small loss and open an order at a better price than just waiting for the price to return to its original values.
I never think that stop loss be a challenge, I just set it because I need it to manage the loss and also risks that I am probably getting while trading in the future (mostly).
And about trading in spot, I only a few times also using SL, moreover if it is a good or top coins, I will prefer to wait for increasing price. But once more, it doesn't mean that never using SL for a spot. Sometimes, it is also good to use SL because I want to manage the funds in order to ensure to lose small and then get another chance in another trading
I think it depends on our trading period, if we are trading long term, I don't think that using stop losses is also not a problem, but for short term daily trading, I think stop losses are mandatory, because we only take advantage of the narrow space to look for opportunities to profit from there And about trading in spot, I only a few times also using SL, moreover if it is a good or top coins, I will prefer to wait for increasing price. But once more, it doesn't mean that never using SL for a spot. Sometimes, it is also good to use SL because I want to manage the funds in order to ensure to lose small and then get another chance in another trading
I never think that stop loss be a challenge, I just set it because I need it to manage the loss and also risks that I am probably getting while trading in the future (mostly).
And about trading in spot, I only a few times also using SL, moreover if it is a good or top coins, I will prefer to wait for increasing price. But once more, it doesn't mean that never using SL for a spot. Sometimes, it is also good to use SL because I want to manage the funds in order to ensure to lose small and then get another chance in another trading
And about trading in spot, I only a few times also using SL, moreover if it is a good or top coins, I will prefer to wait for increasing price. But once more, it doesn't mean that never using SL for a spot. Sometimes, it is also good to use SL because I want to manage the funds in order to ensure to lose small and then get another chance in another trading
...One benefit is your just loss a little part and you can carry on with your trade, after all trading is about profit and loss. This is a good mentality to succeed...
You cannot use stop loss if you do not have the skills to trade and do not have a trading strategy. A small loss at a stop loss will be only if you open an order in a long position from support or a short position from resistance. Thus, it is necessary to compare the risks and profits from the expected transaction.
just make it work because there would be guidelines on when and how or where you should place those SL's and wont be making out some movements which are way too careless because
stop loss is something that is needed for you to place on on specific time and according on the risk that you could able to bare off.
on every trader because there's a specific type which a trader do commonly use on certain conditions.
So what is your challenge to using stoploss?
I am always using stop loss on my trades because I am a day trader and scalping trader, I trade crypto, stocks, and a little bit in forex (still learning). It was a challenge for me to use stop loss at the beginning because I thought I would lose a lot of profit if a fake move appeared and touch my SL target, but now I am using stop loss because sometimes I will have other works to do apart from trading, so the SL will help me to protect my money.
...One benefit is your just loss a little part and you can carry on with your trade, after all trading is about profit and loss. This is a good mentality to succeed...
You cannot use stop loss if you do not have the skills to trade and do not have a trading strategy. A small loss at a stop loss will be only if you open an order in a long position from support or a short position from resistance. Thus, it is necessary to compare the risks and profits from the expected transaction.
just make it work because there would be guidelines on when and how or where you should place those SL's and wont be making out some movements which are way too careless because
stop loss is something that is needed for you to place on on specific time and according on the risk that you could able to bare off.
I'm believing that many traders here don't like using stop loss and the reason is just within our first guess, they don't want the stoploss to take them out.
In my own situation , I also didn't like that idea of getting to loss to stoploss but my orientation have changed towards that because stop loss is better used than not to be used. One benefit is your just loss a little part and you can carry on with your trade, after all trading is about profit and loss. This is a good mentality to succeed. If you are in the habit of readjusting your stoploss and take it further, you can stop that because the price can chase you there
For newbie traders and more experienced traders, I do also believe you having the dilemma of using or not using stoploss especially when it takes you out frequently but to such, the problem may be with your trading strategy and not stoploss.
So what is your challenge to using stoploss?
That is the main reason people do not want to use a stop loss, they make a trade and then once it hits the stop loss it gets you out of the market and then it goes above it once again and people get mad that their trade was closed with a loss, as people not only care about the money they make but they also care about their winning rate.In my own situation , I also didn't like that idea of getting to loss to stoploss but my orientation have changed towards that because stop loss is better used than not to be used. One benefit is your just loss a little part and you can carry on with your trade, after all trading is about profit and loss. This is a good mentality to succeed. If you are in the habit of readjusting your stoploss and take it further, you can stop that because the price can chase you there
For newbie traders and more experienced traders, I do also believe you having the dilemma of using or not using stoploss especially when it takes you out frequently but to such, the problem may be with your trading strategy and not stoploss.
So what is your challenge to using stoploss?
However the problem is that while in many occasions the price of the asset you are trading will recover and go above the stop loss, there are some instances in which the price will keep crashing and now a loss which could have been small now it is way larger than that, and now your capital has suffered a damage so big that it is fair to wonder if it will ever recover.
Stop loss usage has been quite popular especially among traders that combined daily job with trading schedule. Stop loss should be used if you are not going to stay at monitoring your trades. It's however important to note that during high traffic be it bull or bear market, stop loss can fail and this should be factored in to the using of stop loss!
...One benefit is your just loss a little part and you can carry on with your trade, after all trading is about profit and loss. This is a good mentality to succeed...
You cannot use stop loss if you do not have the skills to trade and do not have a trading strategy. A small loss at a stop loss will be only if you open an order in a long position from support or a short position from resistance. Thus, it is necessary to compare the risks and profits from the expected transaction.
just make it work because there would be guidelines on when and how or where you should place those SL's and wont be making out some movements which are way too careless because
stop loss is something that is needed for you to place on on specific time and according on the risk that you could able to bare off.
...One benefit is your just loss a little part and you can carry on with your trade, after all trading is about profit and loss. This is a good mentality to succeed...
You cannot use stop loss if you do not have the skills to trade and do not have a trading strategy. A small loss at a stop loss will be only if you open an order in a long position from support or a short position from resistance. Thus, it is necessary to compare the risks and profits from the expected transaction.
Stoploss is just good when you are just making out some short trades or you do actively dealing with the price in the market but if its not then you would definitely not needing this.
You could eventually tell when you are on the situation where it is really that suitable for you to use or not but on that case then it would really be not much needed
so it does depend on you because you are the ones would really be able to tell if its significant for you or not.
Well, its really up to us if we will use stoploss or the other way around. Some active traders are not even using this because they are more on alerts that will give significant prices on the market. They know exactly when to buy and sell. But honestly, i still prefer to use stoploss because its a very helpful tool for us active traders that we can prevent from losing such a huge amount. If we think the prices are already not bearable for us, then maybe we should start setting stoploss.You could eventually tell when you are on the situation where it is really that suitable for you to use or not but on that case then it would really be not much needed
so it does depend on you because you are the ones would really be able to tell if its significant for you or not.
Well, its really up to us if we will use stoploss or the other way around. Some active traders are not even using this because they are more on alerts that will give significant prices on the market. They know exactly when to buy and sell. But honestly, i still prefer to use stoploss because its a very helpful tool for us active traders that we can prevent from losing such a huge amount. If we think the prices are already not bearable for us, then maybe we should start setting stoploss.
There is no harm in using stop loss, it’s safety net we can do as we do not know when will the market fall or up how much we can see our investment fall. It’s much better to use stop loss than regret not using it in the end. For so many times I regretted not setting up stop loss due t the fact I monitor the market every now and then,but there will be really a point where the market is too volatle and you can’t do anything about it. It's an option which sometimes can help us alot especially if were not that pro in trading.
If you have extra funds and you do not mind losing them, then, of course, you can trade where the stop loss is, but for those who came to earn, I believe these are necessary functions.
It is highly irresponsible for any trader to trade without a stop loss. Because you don't have a specific amount you are risking per trade and what happens to your whole equity in a black swarm kind of market? You lose all your money. Stop loss protects your trading capital, absence of it is nothing but gambling.
Stoploss is just good when you are just making out some short trades or you do actively dealing with the price in the market but if its not then you would definitely not needing this.
You could eventually tell when you are on the situation where it is really that suitable for you to use or not but on that case then it would really be not much needed
so it does depend on you because you are the ones would really be able to tell if its significant for you or not.
Well, its really up to us if we will use stoploss or the other way around. Some active traders are not even using this because they are more on alerts that will give significant prices on the market. They know exactly when to buy and sell. But honestly, i still prefer to use stoploss because its a very helpful tool for us active traders that we can prevent from losing such a huge amount. If we think the prices are already not bearable for us, then maybe we should start setting stoploss.You could eventually tell when you are on the situation where it is really that suitable for you to use or not but on that case then it would really be not much needed
so it does depend on you because you are the ones would really be able to tell if its significant for you or not.
Stoploss is just good when you are just making out some short trades or you do actively dealing with the price in the market but if its not then you would definitely not needing this.
You could eventually tell when you are on the situation where it is really that suitable for you to use or not but on that case then it would really be not much needed
so it does depend on you because you are the ones would really be able to tell if its significant for you or not.
Well, its really up to us if we will use stoploss or the other way around. Some active traders are not even using this because they are more on alerts that will give significant prices on the market. They know exactly when to buy and sell. But honestly, i still prefer to use stoploss because its a very helpful tool for us active traders that we can prevent from losing such a huge amount. If we think the prices are already not bearable for us, then maybe we should start setting stoploss. You could eventually tell when you are on the situation where it is really that suitable for you to use or not but on that case then it would really be not much needed
so it does depend on you because you are the ones would really be able to tell if its significant for you or not.
Stoploss is just good when you are just making out some short trades or you do actively dealing with the price in the market but if its not then you would definitely not needing this.
You could eventually tell when you are on the situation where it is really that suitable for you to use or not but on that case then it would really be not much needed
so it does depend on you because you are the ones would really be able to tell if its significant for you or not.
You could eventually tell when you are on the situation where it is really that suitable for you to use or not but on that case then it would really be not much needed
so it does depend on you because you are the ones would really be able to tell if its significant for you or not.
Stop - Loss is something very important, just see how the volatility of the crypto market is high, there are times when the price drop gets so high in just minutes and doesn't recover soon. that is why it is always important to use Stop - Loss. in my case, I only use it when I buy and put it next to the support, in case it falls below the support, I minimize the losses
Stop loss is part of risk management, but with various market manipulation issues, it makes me less confident in applying stop losses, in fact their effectiveness cannot run normally. Experienced traders do not make stop loss as the main management to minimize risk. And some of the other strategies they use are based on an analysis of how market forces tend to rise and also based on the laws of the market.
It is difficult to know if experience traders don't use stop loss as their main management to minimize risk because every trader have its strategy use in making a trading conclusion but I don't like the stop loss idea but it is a good strategy a trader must put in place after study to understand the market possible trend. Jump to: