Trading without setting stop loss (Risky or Not)? - page 3.

Innerpumper

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Quote from: Cryptoababe on August 11, 2020, 06:43:42 PM

Hi All

The only time I set stop loss is when the btc price exceed my order price. So i wont be scared or the price going back and also there won't be chance for lose anymore.
I found that this idea has been working well for me so far . And its a good way to trade for me as I've seen so far.

one of the benefits of stop-loss is that we do not have to worry about significant price changes and we can determine our profits and minimize the risk of large losses. This is very useful for traders who have other busyness who are ready to leave their assets when installing bids or offers.

rahmat86

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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

GelatikKembar

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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.

XZERO1

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Those traders that do not use stop-loss probably haven't seen crypto market at its worst condition and only just traded during green market, crypto market is highly volatile and Bitcoin can go up or down in price by 30-40% or more in just a matter of hours and that means other coins would be doing the same only worse and if bitcoin by any chance goes down 40% for example and you are holding altcoins at the time there's a very good chance that your loss would be more than 50% and if you are holding shitcoins you can expect even a lot more loss.

Market makers or important events in the world are the deciding factor for market moves and since you have no idea when the next move up or down would be it's better to always use stop-loss to minimize your possible loss.

Inkdatar

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In trading setting a stop loss is very important but you know if this is works for you then you are good at it. Everyone of us has its own trading management when it comes to our finances on how our funds can grow and earn profit. So for me, without stop loss is very critical methods that your funds will lose in just seconds since we all know the market has it's up and downtrend. .

BTCappu

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Quote from: DarkDays on November 22, 2020, 12:05:58 PM

stop loss is a great functionality but only when applied properly and at the right time. It also depends on the strategy you're going for like day, swing or position trading.

This is brutally important when trading altcoins because you will often have a large portfolio and cannot keep track of how each coin is doing and hence having a stop loss set is important because certain tokens will die and it is better to get some money before it eventually dies.

Quote from: DarkDays on November 22, 2020, 12:05:58 PM

In my opinion, it also depends on how much time you have to look after your investments, if the answer is little then maybe a stop loss will help, at least with investments where with high liquidity.

Yeah, but I will never suggest to use stop loss in case you are investing and trading in the Bitcoin market only because we all know the price will recover itself slowly but surely and there is no reason to accept loss when we know that. Maybe some day traders can use it because they have to sell their coins the same day and need liquid funds to buy again but if are not day trading then I don't suggest using stop loss for Bitcoin trading/investing.

KnightElite

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Quote from: redsun114 on November 23, 2020, 01:21:41 AM

Is there still anyone who doesn't use stop loss, I mean we are in 2020 and even if you are just an investor or trader that started this financial world with crypto, never doing anything similar ever before, you should be basically expert at stop loss by now, unless you started like 3 months ago.

This has been a topic for almost a decade now, even on mt.gox there was stop loss (I suppose, never really put any money there) but in all honesty since 2017 we have seen huuuuge falls and if you still haven't learned from that and put up some stop loss, you are going to be very upset about bitcoin fall when it happens. I am not saying bitcoin will crash and burn or anything like that, all I am saying is that bitcoin is not something that constantly goes up, it goes up and down up and down which means you need stop loss.

The reason why there are some people who do not want to use stop loss because they are regretting whenever using doing it; there are times that suddenly the price is increasing after they use it. That situation is called "whip" and that is the reason why there are traders who do not have stop loss in their trading system. Whip is normal wherein it doesn't mean that stop loss is not a good thing. Are you one of the dumb traders that keep reasoning why they do not want to use any stop loss strategies. It is a skill and cutting losses takes experience and time. You cannot master it in just once because you need to experience it a lot of time. One thing is for sure and it is really risky to enter in a trade without using stop loss because you are facing huge downwards. Anything is possible in the cryptocurrency market so any moment you can experience.

redsun114

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Is there still anyone who doesn't use stop loss, I mean we are in 2020 and even if you are just an investor or trader that started this financial world with crypto, never doing anything similar ever before, you should be basically expert at stop loss by now, unless you started like 3 months ago.

This has been a topic for almost a decade now, even on mt.gox there was stop loss (I suppose, never really put any money there) but in all honesty since 2017 we have seen huuuuge falls and if you still haven't learned from that and put up some stop loss, you are going to be very upset about bitcoin fall when it happens. I am not saying bitcoin will crash and burn or anything like that, all I am saying is that bitcoin is not something that constantly goes up, it goes up and down up and down which means you need stop loss.

EdenHazard

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Quote from: KnightElite on November 22, 2020, 06:17:43 AM

I've been trading for years now and I can say that stop loss is a must because risk management is what traders should focus. Those traders who suggesting that stop loss is not important are usually the traders who doesn't have enough experiences in the market. If you want to protect your capital then place a stop loss but if you want to easily lose it then do not place a stop loss. There is no perfect strategy after all so be sure that before you enter in a trade, you should have stop loss in order to prevent yourself incurring huge losses.

As always it's easy said than done.

The point is to keep everything planned, not just randomly trade and hoping for luck , that's not trading at all.
As when you do the stop limit, you are in the right path to get everything planned and yeah the benefits is pretty clear that you won't lost more than you can afford.

Viscore

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Quote from: maldini on November 22, 2020, 10:24:08 AM

Regardless of whether you win without setting up a stop misfortune, it doesn't generally mean you'd continue winning, and a stop misfortune could truly help in limiting the misfortunes you would get when that occurs. I figure we ought to have more information about it to utilize it for our exchange. In any case, the danger will consistently be there in light of the fact that each choice that we make in the exchanging will chance.

That's it. But if we think always about the danger it also makes also influence our minds and can't decide the right thing to do. No matter how risky it was, since we are entering this life it gives no reason to think negatively but all must be optimistic ends.

Making use of stop-limit is a big help instead, yet an effective way especially when you don't have ample time to spend in trading. I'm still using this anyway and that seems it works. Trading is just having strategies that give you the advantage and possibility not to lose. It is just in your minds who control and if you can make decisions right that also results positively.

DarkDays

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Quote from: Smartvirus on November 13, 2020, 10:02:26 AM

It is one of the most useful tool on any trading platform and it is very effective when placed properly. They both helps you to place trades and get out of the market comfortably as your rest assured with either way the market turns, your not going lose more than you can afford and should it move towards profit, you stand the chance to get just the amount of pips that you have considered enough.

I agree with this, that stop loss is a great functionality but only when applied properly and at the right time. It also depends on the strategy you're going for like day, swing or position trading.

In my opinion, it also depends on how much time you have to look after your investments, if the answer is little then maybe a stop loss will help, at least with investments where with high liquidity.

maldini

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Regardless of whether you win without setting up a stop misfortune, it doesn't generally mean you'd continue winning, and a stop misfortune could truly help in limiting the misfortunes you would get when that occurs. I figure we ought to have more information about it to utilize it for our exchange. In any case, the danger will consistently be there in light of the fact that each choice that we make in the exchanging will chance.

LUCKMCFLY

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Quote from: Bosx1ne on November 22, 2020, 09:50:30 AM

Quote from: Oneandpure on November 22, 2020, 09:43:40 AM

I think stop loss is better than you loss all your money, is not worry when you loss chance to get profit with trading but better you use stop loss when your prediction is not running well and you still have chance to get recovery another time with other coin although half of your money from stop loss, but if you keep continue without stop loss exactly on future trading, you will get liquid and nothing you can get after all your assets loss, you need fresh money again to start trading. I think almost trader spot or future always use stop loss to protect with bitcoin and altcoin situation always have bad news and wrong analyze with our prediction.

A lot of people are debunking it with a scenario where "what if you cut your position then suddenly the price increase" that scenarios is really happening but those scenarios are uncontrollable wherein we do not have power to predict it, anyway there is a term re-entry wherein we can trade again if our bias materialize. I'm favor with using stop loss because it is important like what you said because it is the key for us to not lose all of our money. We should learn from the mistakes of the others where they regret their decision because they did not put any stop loss in their strategy.

There are many who are now in the market at the moment, and their strategy is to enter a short position with good leverage to protect the Longs, yet the market has not made a correction that is seen to last a day, everything is In a bullish sense, the great traders use this strategy despite the fact that they have to be stuck in the pending pc all day, of course there are others that this work is done by the bots.

Bosx1ne

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Quote from: Oneandpure on November 22, 2020, 09:43:40 AM

I think stop loss is better than you loss all your money, is not worry when you loss chance to get profit with trading but better you use stop loss when your prediction is not running well and you still have chance to get recovery another time with other coin although half of your money from stop loss, but if you keep continue without stop loss exactly on future trading, you will get liquid and nothing you can get after all your assets loss, you need fresh money again to start trading. I think almost trader spot or future always use stop loss to protect with bitcoin and altcoin situation always have bad news and wrong analyze with our prediction.

A lot of people are debunking it with a scenario where "what if you cut your position then suddenly the price increase" that scenarios is really happening but those scenarios are uncontrollable wherein we do not have power to predict it, anyway there is a term re-entry wherein we can trade again if our bias materialize. I'm favor with using stop loss because it is important like what you said because it is the key for us to not lose all of our money. We should learn from the mistakes of the others where they regret their decision because they did not put any stop loss in their strategy.

Oneandpure

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I think stop loss is better than you loss all your money, is not worry when you loss chance to get profit with trading but better you use stop loss when your prediction is not running well and you still have chance to get recovery another time with other coin although half of your money from stop loss, but if you keep continue without stop loss exactly on future trading, you will get liquid and nothing you can get after all your assets loss, you need fresh money again to start trading. I think almost trader spot or future always use stop loss to protect with bitcoin and altcoin situation always have bad news and wrong analyze with our prediction.

KnightElite

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Quote from: EdenHazard on November 21, 2020, 05:28:46 PM

Quote from: jostorres on November 21, 2020, 04:48:06 PM

Quote from: cryptolord2077 on November 20, 2020, 10:49:13 AM

An extremely risky business. For clarity, I recommend that you look at all major Bitcoin movements for 2019 and 2020 in the context of margin trading on Bitmex.
A huge number of orders are liquidated every time bitcoin goes the other way against expectations, stop losses would have saved this money, but alas, they went to the exchange.

I think with BTC/USD or any kind of fiat market you should never use stop loss because it has been seen over years that the price recovered itself and you might regret using stop loss.

With altcoins and tokens trading you must use stop loss because at some instances you feel emotional about your investment in some particular coins and you carry them for too long while you should have sold them a lot earlier given the market movement and the project development. Stop loss is a good feature that keeps you within reality and you ensure that you are not trading emotionally. Of course at times you will feel like you could have saved few months longer and earned profit instead of loss but that is how trading goes, overall stop loss will benefit you in altcoins trading, that is my experience and estimation.

Are we talking about leveraged trading and future trading stuff right?

Then a stop loss is a must! Otherwise your positions would get liquidted multiple times , over and over again everytime you set a new position. There's risky management.. and if you haven't use it then it's a sure thing you'll get in trouble in no time.
Stop loss is a must. Period

I've been trading for years now and I can say that stop loss is a must because risk management is what traders should focus. Those traders who suggesting that stop loss is not important are usually the traders who doesn't have enough experiences in the market. If you want to protect your capital then place a stop loss but if you want to easily lose it then do not place a stop loss. There is no perfect strategy after all so be sure that before you enter in a trade, you should have stop loss in order to prevent yourself incurring huge losses.

Untomabur

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without a stop loss is certainly very risky,
especially when the market is very volatile you can lose your capital too quickly,
and you will definitely get tired of watching the market continuously.

noorman0

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Quote from: jostorres on November 21, 2020, 04:48:06 PM

I think with BTC/USD or any kind of fiat market you should never use stop loss because it has been seen over years that the price recovered itself and you might regret using stop loss.

Not always and it doesn't matter if you set your stop loss in the right place. When the trend tends to go up, I place stop losses only if I can make a profit. This means that I place the stop loss at a higher price than the purchase price. When the current price is lower than my purchase price, I will not set a stop loss even though I have to close my trading screen to perform other activities. If the trend is down, I always set a stop loss whenever I want to close the trading session.

Wawa2013

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I think it is too risky to trade without using the stop-loss feature, because Bitcoin price movements are unpredictable. So you
are only lucky if you are successful make a profit in trading without using stop-losses, because the price of Bitcoin sometimes
drops drastically, if that happens then you will regret it. My advice is to use the stop-loss feature before it's too late, many traders
regret that in 2017 Bitcoin managed to rise to a price of $ 19,000 without using stop-losses. Finally, when the price continues to fall,
those who buy Bitcoin at the peak price must experience large losses or have to hold Bitcoin for long enough.

EdenHazard

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Quote from: jostorres on November 21, 2020, 04:48:06 PM

Quote from: cryptolord2077 on November 20, 2020, 10:49:13 AM

An extremely risky business. For clarity, I recommend that you look at all major Bitcoin movements for 2019 and 2020 in the context of margin trading on Bitmex.
A huge number of orders are liquidated every time bitcoin goes the other way against expectations, stop losses would have saved this money, but alas, they went to the exchange.

I think with BTC/USD or any kind of fiat market you should never use stop loss because it has been seen over years that the price recovered itself and you might regret using stop loss.

With altcoins and tokens trading you must use stop loss because at some instances you feel emotional about your investment in some particular coins and you carry them for too long while you should have sold them a lot earlier given the market movement and the project development. Stop loss is a good feature that keeps you within reality and you ensure that you are not trading emotionally. Of course at times you will feel like you could have saved few months longer and earned profit instead of loss but that is how trading goes, overall stop loss will benefit you in altcoins trading, that is my experience and estimation.

Are we talking about leveraged trading and future trading stuff right?

Then a stop loss is a must! Otherwise your positions would get liquidted multiple times , over and over again everytime you set a new position. There's risky management.. and if you haven't use it then it's a sure thing you'll get in trouble in no time.
Stop loss is a must. Period

Topic: Trading without setting stop loss (Risky or Not)? - page 3. (Read 2190 times)