In the past, I didn't set a stop loss when trading because personally, I am not good enough at trading. Just buying and then holding it if the price si still low or not reaching the expatcaion. When the price is down, I commonly only waited for it to raise up.
However, after understanding the benefits of stop-loss, I think that it will be beneficial if we are using this, as you can see the benefits from this article:
The Stop-Loss Order—Make Sure You Use It
Topic: Trading without setting stop loss (Risky or Not)? - page 2. (Read 2190 times)
Bette lost half your money than you have loss all and you need waiting long time to recovery your money back again, but if you have stop loss when price down you still have enough money to begin trading with other coin but never make the same mistake with coin ever make you loss. I think with using stop loss you get profitable with your money back although just little loss when trading before, but you have chance to profit back if you buy good and potential coin.
Stop losses are there for a reason but I do think that at times you could do/risk without them. This al depends on the market situation and how long you're planning on holding out for.
If you tend to be too worried, specially when trading with large volume, then anybody will tell you that using a stop-loss would only act at your own advantage.
If you tend to be too worried, specially when trading with large volume, then anybody will tell you that using a stop-loss would only act at your own advantage.
stop lose is very useful when you trade,
to be honest I never use stop lose when trading and it makes me always pay attention to the market,
because I am afraid if the price suddenly drops.
to be honest I never use stop lose when trading and it makes me always pay attention to the market,
because I am afraid if the price suddenly drops.
Trading without a stop loss is suicidal. Even if you do it in order to always keep an eye on the market. WHAT? Why take such a risk?
After all, you can just put a stop loss and put an alert in a third-party program that will tell you in time that the price has gone down.
You can do it. If you have broad knowledge about this feature you can simply maximize your potential and minimize the risk, it's all about knowing the asset that you are holding.
Tradong is too risky not unless you have all the information that you need to keep your assets safe from time to time.
The more you understand the more you can configure your position, it's your money anyway so better to keep on track and always be
protective to your investment.
stop lose is very useful when you trade,
to be honest I never use stop lose when trading and it makes me always pay attention to the market,
because I am afraid if the price suddenly drops.
to be honest I never use stop lose when trading and it makes me always pay attention to the market,
because I am afraid if the price suddenly drops.
Trading without a stop loss is suicidal. Even if you do it in order to always keep an eye on the market. WHAT? Why take such a risk?
After all, you can just put a stop loss and put an alert in a third-party program that will tell you in time that the price has gone down.
Stop loss is definitely good for option traders. However, proper use of stoploss is important to reduce the amount of losses. It is often seen that losses have been incurred due to the use of stoploss, the reason being that stoploss was used without proper market analysis so that the market goes uptrend again after the stoploss is hit.
So if traders use stoploss properly, traders will be able to save their accounts from huge losses.
When you are just trading actively then using stoploss wont really be that necessary because once its triggered then its already considered as loss.So it means you would need to
buyback to take those losses back and able to profits not like when you arent using SL and just waiting up for price recovery.
Varies on each person because recovery will neither can be attained through recovery or simply cost-averaging which means you do able to compensate or cover up on what you had lost.
It depends on how someone would be handling out themselves into this market.
stop lose is very useful when you trade,
to be honest I never use stop lose when trading and it makes me always pay attention to the market,
because I am afraid if the price suddenly drops.
to be honest I never use stop lose when trading and it makes me always pay attention to the market,
because I am afraid if the price suddenly drops.
Trading without a stop loss is suicidal. Even if you do it in order to always keep an eye on the market. WHAT? Why take such a risk?
After all, you can just put a stop loss and put an alert in a third-party program that will tell you in time that the price has gone down.
Stop loss is definitely good for option traders. However, proper use of stoploss is important to reduce the amount of losses. It is often seen that losses have been incurred due to the use of stoploss, the reason being that stoploss was used without proper market analysis so that the market goes uptrend again after the stoploss is hit.
So if traders use stoploss properly, traders will be able to save their accounts from huge losses.
Stop loss reduces the risk of trading a lot you keep the stop loss, even if the price goes down you don't have to face much loss. But as prices rise so do the currencies stop loss reduces the risk for every trader to trade in that case their capital is much safer the price increase of currencies depends on the demand of the market.
The lawsuit against Ripple (XRP) and its dump in the past 2 days are lessons for stop-loss orders when you are in the crypto market. Crypto market is run by news and FUDs can be released anytime. It is terrible if news are released when you are sleeping, when you wake up, your balance falls 50% or your account is liquidated. It is a nightmare in the morning.
Stop loss order is a weapon to protect your capital, not to kill you. One of the Best Weapons in Trading
Bitwise dumps XRP investment amid SEC lawsuit against Ripple
Details of the lawsuit
SEC Charges Ripple and Two Executives with Conducting $1.3 Billion Unregistered Securities Offering
Stop loss order is a weapon to protect your capital, not to kill you. One of the Best Weapons in Trading
Bitwise dumps XRP investment amid SEC lawsuit against Ripple
Details of the lawsuit
SEC Charges Ripple and Two Executives with Conducting $1.3 Billion Unregistered Securities Offering
There must be a stop loss management for every trades we make. We must not let our funds lose because of lack of risk management. Maybe, if you can win most of your trades without stop loss then you can do it. But for me, we must have stop loss since we don't know where our trades going on. There are times that our plans move in different ways and if you are unlucky, your loss will goes high if you let your funds burn in market. It take years when you see your money coming back again.
for me without a stop loss, it's like suicide! Today altcoins really bleed,
and the most terrible thing is Ripple, ripple is down almost 50% in this day, and maybe it's not over,
if you have assets in XRP and don't put a stop loss, I'm sure you won't sleep well.
and the most terrible thing is Ripple, ripple is down almost 50% in this day, and maybe it's not over,
if you have assets in XRP and don't put a stop loss, I'm sure you won't sleep well.
One of the reasons why stop loss is important is to minimize your losses if a trade is going against your prediction. So not using it when you trade especially with high leverage is like having a house without a door where anything can happen at anytime.
On the off chance that we need to utilize the stop misfortune highlights, I figure we ought to have more information about it to utilize it for our exchange. However, the danger will consistently be there in light of the fact that each choice that we make in the exchanging will chance. I think stop misfortunes are considered to limit misfortunes. Indeed having exchanges without setting any sort of stop misfortune is more dangerous contrasted with having them.
It is risky if you don't have time to check the market all the time and vice versa, it is safe if you have plenty of time to check the market. But indeed, it would be better to set a stop loss because after all it is a safe way of trading and it all comes back to yourself about something you have such as time, skills etc. Anyway, the way you apply it with all the adjustments is already a good way, because when you can avoid or at least minimize losses it is a good way to trade.
The idea of OP is true but I can't repeat the losses also i am related to some professional traders and trying to get enough ideas from them. In fact everything depends on our perseverance and how much we are willing to explore. Although i have not yet fully learned to trade one aspect of it is that i cannot repeat losses. It is very important to search for a profitable trader and i am always trying to find something good. Also we should know that being a good trader is not easy.
yaa doing trade without stop may be dangrous for everyone as we know price may fluctuate any time very fastly as we see previosly in market where whithin some minutes bitcoin falls and falls and thousands of trading got liquidate within some minutes.
From my own observation and experience I believe trading without using stop loss is very risky!!! In Cryptocurrency the first thing u have to know is risk manage and when to exist market and take ur profit no matter how little it is!!! Is better to lose half of ur capital than to lose all.
I feel the same but with cryptocurrency you are always in doubt whether you should close out a trade in loss or not because there are chances that the coin/token will rise again very soon. One prime example is that some guys might have sold their bitcoins when price dropped in march-April but we all knew the price will rise and it did so a stop loss would have resulted in loss.That said though I think it is important and is more useful because while you will miss out on sometimes but more often than not it saves you from the absolute crash that happens with most tokens.
I am really not a fan of stop-loss but I know this is one of the "a must" when trading in futures
I am scared of being liquidated by those long wicks, so I avoid those coins that have a lot of those in the chart
as much as possible I protect my trade by not sleeping on it and make sure there is more than enough balance on my futures wallet.
I am scared of being liquidated by those long wicks, so I avoid those coins that have a lot of those in the chart
as much as possible I protect my trade by not sleeping on it and make sure there is more than enough balance on my futures wallet.
From my own observation and experience I believe trading without using stop loss is very risky!!! In Cryptocurrency the first thing u have to know is risk manage and when to exist market and take ur profit no matter how little it is!!! Is better to lose half of ur capital than to lose all.
If the current bitcoin trend is bullish I don't think setting the stop loss is not too risky because currently news about bitcoin is always good. sometimes when we set the stop loss and touch it after that the price will go up again, always remember money management not to use a large margin so that your liquidity is not close
I disagree with you, whether at that time the market was bull or not, I think stop loss is mandatory. You see, after a few days ago Btc rose to $ 19,554 then fell to $ 16,181 on binance, altcoins followed suit. Imagine if you are a Future trader who takes a long position with the highest price, see how much you lose, maybe you can be liquidated. So use the stop loss feature wherever you trade futures or spots, if the exchange has them. stop lose is very useful when you trade,
to be honest I never use stop lose when trading and it makes me always pay attention to the market,
because I am afraid if the price suddenly drops.
to be honest I never use stop lose when trading and it makes me always pay attention to the market,
because I am afraid if the price suddenly drops.
Not something that you should forget to learn with.
Stop and loss will allow you to use more time with your personal needs and not to spend more time in front of your devices, with the right use of this tool, you are entitled to just configure your target settings and leave it, the next thing for you is just to wait and see whether your win has been hit or your set loses are being executed.
Very useful for experienced traders who understand the market flow.
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