Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency Trading => Topic started by: Rehan Zakir on May 03, 2021, 02:45:56 AM
-
Got in a discussion with a friend that recently started learning Technical Analysis and then he said he trades without using stop Loss. I told him no good trader trades without stop Loss. I tried to explain to him about the volatility and how trades can go against you especially as a new newbie and you can lose heavily. He seems adamant and I decided to leave him maybe he will learn from his own mistake if it happens. It seems there are also many traders that trade without stop Loss and I wonder how they do it conveniently.
Please share your views on how important stop Loss is and how convenient it can be to trade without stop Loss.
(https://i.imgur.com/B1elGWu.png)
-
Stop-losses are used in dynamic trades to eliminate major and uncontrollable losses. If you don't use stop-losses, it's just a matter of time before a big losing stake spirals out of reach, wiping out the majority of your trading gains, and potentially your whole portfolio!
If you want to stay in the game and expand your trading account in the long term, you must use stop-loss orders in every single trade you make. The first rule of this article is to always use stop-losses.
-
For long term holding stop loss may not be put.But in intraday or in short term trading stop loss is very important.no one knows about market volatility.Market can change its direction at any time.If anyone do not use stop loss and market takes dump or correction ,he is in loss and he is stuck in that coin.If he use stop loss then after loss in that coin he can take trade in other coinand can recover his loss.
-
The first step before taking any of my trade as a crypto trader is that I always ensured that I have a fixed stop loss to minimize my risk for any crypto trader it is very important to deploy stop loss in any trade due to high volatility in the price of cryptocurrencies especially scalpers who stayed in a trade for a long time hoping that the price will reverse however once such a trade goes the other way round the trader will incur massive losses or rekt the whole portfolio.
-
Got in a discussion with a friend that recently started learning Technical Analysis and then he said he trades without using stop Loss. I told him no good trader trades without stop Loss. I tried to explain to him about the volatility and how trades can go against you especially as a new newbie and you can lose heavily. He seems adamant and I decided to leave him maybe he will learn from his own mistake if it happens. It seems there are also many traders that trade without stop Loss and I wonder how they do it conveniently.
Please share your views on how important stop Loss is and how convenient it can be to trade without stop Loss.
(https://i.imgur.com/B1elGWu.png)
To me I guess it depend on which side of the market you are trading. I believe if you are trading futures, then Stop loss is very important to use in all your trades because your assets could easily be liquidated without stop loss but if on the other hand you are trading Spot, I think SL might not be that much important especially when you know the market can still reverse even when the price has gone down below your entry price and you will continue to hold your profits. I dont use SL in most if not all of my spot trade because of what i explained and it has worked out every time once the market turns.
-
Remember one rule:
The use of a stop loss is one method of protection. A stop loss is a tool used on most trading sites that immediately closes a losing trade when it hits a certain threshold. This instrument assists the dealer in protecting their account and being secure with the losses they incur.
In certain instances, traders' earnings have been washed out by a single unprofitable trader.
-
stop-loss order is an order placed with a broker to buy or sell a specific stock once the stock reaches a certain price. A stop-loss is designed to limit an investor's loss on a security position. Some traders trade without making use of stop lose and feel very comfortable just because they've not experience a loss caused by sleep of lack of concentration.
With stop loss is just simple and save to leave your trade or you can still watch if you wish but the fact remains; your money is been withdrawn from the trade once it exceeds a loss limit, terminating you from the trade to avoid more loss or liquidation. I think a good or professional trader should make use of stop-loss.
-
Stop losses are needed if you are an active trader and trade with leverage. I used to trade in the forex market and without using a stop loss, I lost several deposits.
-
If we trade Cryptocurrency, we need to do that to get more profit, if we have coins and the price goes down, then we can do the Stop loss method to secure our assets from greater losses, and we can buy them again at a lower price so that we can get Crypto coins in a much larger amount.
-
It's okay if you're trading for a long time without stop loses because it's even useless for a long term trading/hodling, but for a short time trading it's better to use stop losses because the market you predict may decide not to go your way and that's why it best to use stop loss to reduce your loss
-
Remember one rule:
The use of a stop loss is one method of protection. A stop loss is a tool used on most trading sites that immediately closes a losing trade when it hits a certain threshold. This instrument assists the dealer in protecting their account and being secure with the losses they incur.
In certain instances, traders' earnings have been washed out by a single unprofitable trader.
Setting a stop loss is not always useful. With high volatility, your order will be constantly closed at the stop loss. If you are trading on the spot market, and you are at the terminal, it is easier to close the order with your hands when you see that the price is moving in the opposite direction.
-
Stop losses for me has a really big importance . I always personally use stop loss on every trade as i am not a trader who always tardes it helps me to get rid ofmost of the big losses. Many people without using stop loss faces big loss. So i always convince others to use stop loss.
-
From the little experience am having in trading I believe stop lose is very important because nobody can predict the market nobody knows when a coin will pump or dump but to avoid lost of fund I believe using stop lose is very important because I believe is better to lose 5% of your fund than to lose 30% of your fund and also when a coin is dumping stop lose is really helpful incase u are not online it will sell it automatically and you can buy back when the price is very low.
-
Market is always uncertain. It can change positively or negatively any time. So real traders have different trading strategies. I think, using stop loss is one of the strategies. Our ultimate goal is to make profit from trade. So we have to try to avoid loss. I think, using stop loss is a very good idea in this case. Those who don't use this strategy can face uncertain loss.
-
Stop loss is very important for short-term investments / day trading. Because the stop loss is to reduce your losses if the market goes down and you can buy it again at a cheaper price. Or you can trade with other coins to cover your losses. But for long-term investment, you don't need a stop loss, because it doesn't have any effect.
-
Stop loss bagi saya yang pemula sangat penting... Karena saya belum bisa memprediksi kemungkinan yang akan terjadi.
-
I think those who added stoploss in 19 may 2022 realize the importance of stoploss.
-
I think it is too late to make a stop loss at this point in view of the very poor market conditions. Wait for the price to rise a little, because if we do stop loss now the losses we experience may be too big. Stop loss is a way to minimize our losses, but we also have to do stop loss at the right time so that we don't regret it.
-
Well there is nothing much here to debate any longer because this bear market has given a judgment to this debate. As for many traders who didn't use the stop loss and were not present to close trade when this sudden deep happened, their account must have gotten liquidated, this simply shows no matter how good you are with technical analysis always use stop-loss.
-
The crypto market is very volatile. So to trade here you need to have a good idea about it. And those who trade cryptocurrencies here. It would be better for them to use stop losses. Because with this, even a little bit of business loss can be reduced and profit can be made.
-
Whatever you do anywhere, there will be two gains and losses. In a cryptocurrency, just as you have a simple profit, you can also make a loss. That's why everyone should have a good experience about losses. Because you must face losses if you want to understand profit.
-
That's right, and one of the best ways to minimize losses is to do a stop loss even though this method is not liked by some people. For me, it's better to lose a little by making a stop loss than to lose our asset completely because the price continues to decline.
-
Perhaps now many new traders can understand the value of stop loss in trading. The price of BTC dropped suddenly on May 19 and only those who put a stop loss were able to protect their assets in USDT. The same is true for Altcoins, if there is a stop loss before May 19th, we can buy Altcoins at cheaper price 55%-75%.
-
From the little experience am having I believe one of the first thing you should do after buying a coin is to set your stop loss I believe after buying a coin anything can happen nobody can predict the market and to avoid losing your money stop loss is very important.
-
According to me it has a very important place in field of futures trading as whenever i knew about the btc news which can be negative or positive we usually got late about to take trades which can take us to a big loss but with stop loss we are worry free about any negative news in the market and whenever btc move to downward direction we will see our trade is automatically closed bcz of stop loss so its very useful in my case
-
Of course, stop losses are simply necessary for a real trader, but when the market is really volatile and when huge candles without a stop loss, trading is simply strictly prohibited, for your own safe deal. I think these rules should be passed by all newcomers entering the exchange.
-
I think it is too late to make a stop loss at this point in view of the very poor market conditions. Wait for the price to rise a little, because if we do stop loss now the losses we experience may be too big. Stop loss is a way to minimize our losses, but we also have to do stop loss at the right time so that we don't regret it.
Stop loss is necessary for a competent trader, this is a fact, in order not to lose money, especially with such drops as they were this week, it is necessary to set a stop loss. An experienced trader will never trade without a stop loss, especially for large amounts.
-
I haven't used stop loss yet, but it's best to sell when the price of the coin starts to go down. As a result, we will be free to lose. However, stop loss should be used while trading.
-
By using Stop loss, traders are able to limit unwanted losses, if there is a loss that is too deep, then the trader can limit the losses that have been determined. Setting a stop loss is much more important than determining a profit target. Selection and installation of the ideal STOP LOSS is very important for the viability of your account. Always pay attention to the Margin you use and also make sure your account Margin Level remains in the "SAFE ZONE".
-
By using Stop loss, traders are able to limit unwanted losses, if there is a loss that is too deep, then the trader can limit the losses that have been determined. Setting a stop loss is much more important than determining a profit target. Selection and installation of the ideal STOP LOSS is very important for the viability of your account. Always pay attention to the Margin you use and also make sure your account Margin Level remains in the "SAFE ZONE".
You're right, By using stop loss, trader can limit unwanted loss.
I see several traders using it.
I'm not professional trader, But try to use it to reduce the loss.
I think you can use it, for your trading mate.
-
In the world of trading, in my opinion, stop loss is very important because it can keep your assets safe when the price collapses instantly or there is an unexpected event, it's just that there may still be very few exchanges that use a stop loss system.
-
Stop loss is commonly used in margin or future trading. But we can also set stop loss in the spot market in order to minimize the risks of losing.
There are positive and negative sides of stop loss setting. if we are a daily trader, setting SL is very important. But if we are holder in spot market, I think I don't need SL
-
I personally never use stop loss when trading and I think it's not a good idea though. Why take certain lose when we can exit in break even and if lucky with a profit. Just don't be greedy and don't put everything in one single project. And DCA when the market is going down. Because no market will go straight down if it's not a scam project. You will get your chances to exit.
-
From my experiences, stop loss is very vital for short term trade. You have to do this to project your capital or portfolio. For long term trade I don't think stop loss is needed because you might invest in a project for long term to make good reture. You know as the project develop the value of the project keep increasing for you to make good profits.
-
Trading any asset class should require stop losses but especially one as volatile as crypto
-
for trading, i keep stop loss, i do this to avoid big losses, recently i learned to use a trading bot and it works fine, but i have to order low to buy and sell it at high price, with profit percentage as desired us, the question is whether trading always profit? Of course not.
choose the best coin for trading is necessary and use stop loss according to your ability to analyze the coin being traded.
-
Yeah, it's really important to mitigate the risk, but for me, it depends on many factors sometimes it's not that easy to do avoid it. crypto is a very volatile form of asset and the fluctuation can happen in seconds, minutes, thats because it's part of the trading cycle and losing sometimes at a tolerable level is just normal in trading.
-
Yeah, it's really important to mitigate the risk, but for me, it depends on many factors sometimes it's not that easy to do avoid it. crypto is a very volatile form of asset and the fluctuation can happen in seconds, minutes, thats because it's part of the trading cycle and losing sometimes at a tolerable level is just normal in trading.
Yes, because of this high fluctuation factor, sometimes someone doesn't make a stop loss because they think and believe that after a decline, the price of Crypto Coins will increase again. But for me Stop Loss is important, because not all coins can increase in price quickly.
-
I think your friend is not go for trading maybe he is a holder. Stop loss is a good way to prevent losing money but this is for day trading or short trades in my opinion. We have different strategy to make money in cryptocurrency so let your friend learn from himself he will learn strategy to make money.
-
I think your friend is not go for trading maybe he is a holder. Stop loss is a good way to prevent losing money but this is for day trading or short trades in my opinion. We have different strategy to make money in cryptocurrency so let your friend learn from himself he will learn strategy to make money.
Every one have own strategy to make money.
There are do trading, Investor, holder
So I think It depends on your experience and knowledge.
-
Stop loss is the tool used in cryptocurrency trading the benefit of this tool or instrument is to lower the causes of failure and increases the chances for you to earn money. Users often set and select some sort of value by setting a stop loss so it can be the good option for you if the market value become down then there will be less chances for you to drop your money while trading.
-
I do not like to use stop-loss because there is no point in taking losses when I know the market will go up. If you make partial entry then you can lower your average buying price by making rebuy at a lower price. That is why I usually trade and most of the time I can sell off at break-even if the situation gets out of hands.
-
I think stop loss is the most important thing when we are trading on short term or intraday basis, as the market can crash any moment so stop loss is the best choice. Once you're in profit, use trailing stop loss so you can book profit, but for long term I think we won't need stop loss.
-
I think stop loss is the most important thing when we are trading on short term or intraday basis, as the market can crash any moment so stop loss is the best choice. Once you're in profit, use trailing stop loss so you can book profit, but for long term I think we won't need stop loss.
Yeah, stop loss is good for short term trading, such as daily trading.
I didn't it, I prefer hold for long term as investment. Because I'm quite busy at real life.
-
Sometimes it becomes very useful and can save us from a huge loss, but sometimes it also gives loss when market dump just for a limited time.
Yes, before making a stop loss we must be sure that the price of the coin will continue to fall, but if there is a potential for the price of the coin to increase in the near future then we should hold it first.
But actually it is difficult to predict because Cryptocurrencies whose fluctuations are very high, but what we are doing is a form of our efforts to secure our assets.
-
This is interesting when talking about using stop loss or cut loss feature. Not all traders know and utilize this. I am sure also that this SL or CL is used by most day trader, but if we are a long term holder, we may not really need this.
The decision to stop loss is essential if we want to limit the loss and take profit in another trading. So our trading activities will not stop
-
This is interesting when talking about using stop loss or cut loss feature. Not all traders know and utilize this. I am sure also that this SL or CL is used by most day trader, but if we are a long term holder, we may not really need this.
The decision to stop loss is essential if we want to limit the loss and take profit in another trading. So our trading activities will not stop
You're right Stop Loss or Cut loss is good to Limite the loss.
But This is for daily trader. As holder I think We didn't need this feature.
That's my perception.
-
stop loss in my opinion is very important because when there is bad news that makes the price collapse, many are trapped at high prices because there is no stop loss feature on the exchange, so when there is an exchange that provides that feature, you must be able to use it well.
-
Recently my friend loss nearly 300$ USD worth trade to a signal juat because he forgot to put stop loss option. It tells you the importance of how crucial it is if you go for trading and will reduce to loss much in case things go wrong.
-
Recently my friend loss nearly 300$ USD worth trade to a signal juat because he forgot to put stop loss option. It tells you the importance of how crucial it is if you go for trading and will reduce to loss much in case things go wrong.
Yes, I think we should put stop loss option, If you want to trade.
When tha market is volatile, we must be careful.
But If you loss, don't panic sell. You should hold
-
I believe using stop lose is very important because I believe is better to lose 5% of your fund than to lose 30% of your fund and also when a coin is dumping stop lose is really helpful incase u are not online it will sell it automatically and you can buy back when the price is very low.
-
Got in a discussion with a friend that recently started learning Technical Analysis and then he said he trades without using stop Loss. I told him no good trader trades without stop Loss. I tried to explain to him about the volatility and how trades can go against you especially as a new newbie and you can lose heavily. He seems adamant and I decided to leave him maybe he will learn from his own mistake if it happens. It seems there are also many traders that trade without stop Loss and I wonder how they do it conveniently.
Please share your views on how important stop Loss is and how convenient it can be to trade without stop Loss.
(https://i.imgur.com/B1elGWu.png)
That's true, stop loss is important to reduce big loss.
You can set on your exchange features.
Because we all know crypto market is very volatile.
-
Please share your views on how important stop Loss is and how convenient it can be to trade without stop Loss.
(https://i.imgur.com/B1elGWu.png)
By seeing the crypto market is volatile and unpredictable.
I think stop loss feature is important to use.
It will reduce the big mistake, loss alot.
-
Stop loss is always important to defend the big lost if you didn't have time to keep your eyes on chart.
You can use this feature.
-
Stop loss is always important to defend the big lost if you didn't have time to keep your eyes on chart.
You can use this feature.
Yeah, for trader I think can use this feature if they didn't have more time to monitor market and always keep eyes on chart
I have used this feature too.
-
Of course, stop losses are simply necessary for a real trader, but when the market is really volatile and when huge candles without a stop loss, trading is simply strictly prohibited, for your own safe deal. I think these rules should be passed by all newcomers entering the exchange.
Yeah ,when market is really volatile we should have own analysis and I think we cannot use stop loss.
We all know crypto is unpredictable, So stop loss feature is important.
-
In my opinion, with this stop loss feature, traders can avoid being trapped in high prices because if they don't, they will often get stuck in high prices because bitcoin prices sometimes collapse instantly.
-
In the world of trading, in my opinion, stop loss is very important because it can keep your assets safe when the price collapses instantly or there is an unexpected event, it's just that there may still be very few exchanges that use a stop loss system.
A stop-loss order is a useful tool, but not a permanent one and only for short-term trading. A stop-loss order does not take into account when prices are rising and can lead to losing profits
-
Stop loss play important role in crypto market because A sudden dump can be happen any time in market so if we use stop loss we will be save fund to big loss
-
we always should use stop loss carefully.
-
Stop loss is good as well as bad. There are 2 conditions that can happen after hitting stop loss. The market can go more down or the market can start recovering after just hitting stop loss. So, It is very difficult to decide putting stop loss is good idea or bad.
You should always avoid making stop losses. I prefer to hold or buy back at the lowest price. stop loss can be done if we believe the potential of the coin is not good
-
Stop losses for me has a really big importance . I always personally use stop loss on every trade as i am not a trader who always tardes it helps me to get rid ofmost of the big losses. Many people without using stop loss faces big loss. So i always convince others to use stop loss.
Id agree, i come from a probabilistic stand point of trading i make sure that i have quantifiable data that i can analyse and stop losses give me that.
-
Stop loss is good as well as bad. There are 2 conditions that can happen after hitting stop loss. The market can go more down or the market can start recovering after just hitting stop loss. So, It is very difficult to decide putting stop loss is good idea or bad.
You should always avoid making stop losses. I prefer to hold or buy back at the lowest price. stop loss can be done if we believe the potential of the coin is not good
Yeah, agree. If the potentially of coins are good we shouldn't use stop loss.
Hold is more important, because crypto is good and suitable for long term investment.
-
If you are a long term crypto trader in the spot trade I don't think you need the stop loss, but if you are a future trader you need the stop to safeguard your assets to avoid heavily loss. I have lost a lot of money in the forex market as a result of not using the stop loss. It is advisable to always use the stop loss short time trade in the future trade.
-
If you are a long term crypto trader in the spot trade I don't think you need the stop loss, but if you are a future trader you need the stop to safeguard your assets to avoid heavily loss. I have lost a lot of money in the forex market as a result of not using the stop loss. It is advisable to always use the stop loss short time trade in the future trade.
Sure, I'm Investor but hold for long term investment.
So I didn't need stop loss feature.
I just buy the dip and hold.
It's more safety than daily trading.
-
If you are a long term crypto trader in the spot trade I don't think you need the stop loss, but if you are a future trader you need the stop to safeguard your assets to avoid heavily loss. I have lost a lot of money in the forex market as a result of not using the stop loss. It is advisable to always use the stop loss short time trade in the future trade.
Sure, I'm Investor but hold for long term investment.
So I didn't need stop loss feature.
I just buy the dip and hold.
It's more safety than daily trading.
Stop loss for short trading, If you hold for long term,I think You should set the target and always monitor the market.
Better hold for top coins, more safety
-
Stop loss plays an important role in every exchange, by using it we are saved from incurring more losses.
-
Yes Stop loss is most important in trading because now crypto market is too much volatile a sudden dump can be happen any time so better is to put stop loss then we can save our porfitlio from big loss
-
Yes Stop loss is most important in trading because now crypto market is too much volatile a sudden dump can be happen any time so better is to put stop loss then we can save our porfitlio from big loss
Crypto character is volatile, that's nature of crypto currency.
Stop loss is important for short term, but for hold long term investment, we didn't need stop.loss feature
-
Yes Stop loss is most important in trading because now crypto market is too much volatile a sudden dump can be happen any time so better is to put stop loss then we can save our porfitlio from big loss
Crypto character is volatile, that's nature of crypto currency.
Stop loss is important for short term, but for hold long term investment, we didn't need stop.loss feature
Holder didn't need stop loss, because it's for long term.
Maybe one year or two years again.
Buy when dip and hold.
Trading needs stop loss because as you said, crypto is volatile
-
Holder didn't need stop loss, because it's for long term.
Maybe one year or two years again.
Buy when dip and hold.
Trading needs stop loss because as you said, crypto is volatile
yeah, for long term investment, we didn't need stop loss feature.
I think stop loss feature is suitable for short term investment or daily trading, I agree with this opinion.
-
yeah, for long term investment, we didn't need stop loss feature.
I think stop loss feature is suitable for short term investment or daily trading, I agree with this opinion.
That's right Mate, if our goal is a long-term investment, we don't need it unless it's in an urgent situation. This stop loss is very important for traders to minimize losses, because the coins purchased have a lower price. But sometimes after we sell coins, not long after the price goes up. This happens to me often, and it's very annoying.
-
yeah, for long term investment, we didn't need stop loss feature.
I think stop loss feature is suitable for short term investment or daily trading, I agree with this opinion.
That's right Mate, if our goal is a long-term investment, we don't need it unless it's in an urgent situation. This stop loss is very important for traders to minimize losses, because the coins purchased have a lower price. But sometimes after we sell coins, not long after the price goes up. This happens to me often, and it's very annoying.
I think investing or trading is always manage our emotions.
Keep your target, If being reached selll your coins.
Sometimes greedy make us lost alot.
Becareful and always have good analysis.
-
Stop loss has its own definition as a good trader knows to make good use of stop loss, the one who does not know trading uses stop loss, then the chances of getting hit are high, due to which his balance is reduced due to repeated hits
-
We do have to do that, but most people are afraid to do a stop loss.
They are afraid that the value of their assets will decrease, even though in this way our assets can be saved from losing everything.
So a Crypto trader must be good at managing their financial management, so that we avoid big losses.
-
Stop loss stop your profit and trade this is amazing thing for traders when they make trade and it's goes in loss then stop loss cancel there trade and safe there assets which goes in loss..
-
Maybe in the short term trading stop loss possible to be use, but for the long term trading or holdings in my own
assessment I think this is not necessary I guess. I don't know to others community here in the cryptocurrency, this is just base
on my experienced anyway.
-
stop loss is very important for those who trade futures because using the stop loss feature can give you a little sense of security when you are not monitoring coin price movements at the exchange.
-
stop loss is very important for those who trade futures because using the stop loss feature can give you a little sense of security when you are not monitoring coin price movements at the exchange.
Trade in futures is not easy, We will lost easily.I agree with you stop loss feature is suitable for short trade and futures.
I never used this feature, because I'm holder.
-
Maybe in the short term trading stop loss possible to be use, but for the long term trading or holdings in my own
assessment I think this is not necessary I guess. I don't know to others community here in the cryptocurrency, this is just base
on my experienced anyway.
As holder we didn't not stop loss features mate.
Because we hold for long term and will sell when bullish.
So stop loss features is not suitable for it.
I'm holder and also daily trader.
When market very volatile, I will use stop loss features.
But It depends on your experience and skill.
-
At first I thought the stop loss feature was only for people who looked professional. However, when I have other activities I can't monitor the coins I want to sell continuously, there my friend suggested using the stop loss feature. this feature helps me a lot when I'm in a bear market because this feature can help me sell automatically when the price drop reaches the loss limit that I understand.
-
Stop Loss (SL) is definitely used by everyone in trading because if you don't Stop Loss (SL) then we will lose a lot and that is really very heartbreaking for our assets which are certainly seen every day on our exchange account.
Stop Loss (SL) minimizes the strength of the funds that are available and owned by us because the deeper the coin price declines, the worse the estimated value of our Fiat or decreases.
-
As far as I know, Spot type trading also now has a Stoploss feature, if I'm not mistaken on Binance there is also this feature or maybe also on various exchanges that are already well known to others such as Coinbase or Kraken.
But if we have a long thought and have the principle of HodL is the Winner, then don't let the Spot trade use the Stoploss feature because if the price of the coin bounces then it will make us lose our assets.
-
As far as I know, Spot type trading also now has a Stoploss feature, if I'm not mistaken on Binance there is also this feature or maybe also on various exchanges that are already well known to others such as Coinbase or Kraken.
But if we have a long thought and have the principle of HodL is the Winner, then don't let the Spot trade use the Stoploss feature because if the price of the coin bounces then it will make us lose our assets.
Yeah, I think stop loss is usable for short term, If we want hold for long term, don't use stop loss.
Better save our coins for hold at MEW or wallet..Don't save in exchange for hold, It's more risky.
I prefer to hold, So I didn't need stop loss features.
I just buy and hold, participate in bounty campaign in my spare time.
-
StopLoss provides a wise choice because I am sure that StopLoss is really very useful for those who have a sense of panic in cryptocurrency trading.
But if we choose Ethereum and BNB coins in trading then we definitely shouldn't use the StopLoss feature because both coins are very good for HodL and for long-term investment coins.
-
I always ensured that I have a fixed stop loss to minimize my risk for any crypto trader it is very important to deploy stop loss in any trade due to high volatility in the price of cryptocurrencies especially scalpers who stayed in a trade for a long time hoping that the price will reverse however once such a trade goes the other way round the trader will incur massive losses or rekt the whole portfolio.
-
I love trading cryptocurrencies but I never use the StopLoss feature because I prefer to trade only with Bitcoin.
I have what is called an instinct to trade Bitcoin, I choose 2 options, up for Take Profit and down for HodL and I have applied this since I first got to know cryptocurrency.
But of course, every trader has a different character for their own change and sometimes they can't wait to go up so they use the StopLoss feature in Margin and Future trading.
-
I love trading cryptocurrencies but I never use the StopLoss feature because I prefer to trade only with Bitcoin.
I have what is called an instinct to trade Bitcoin, I choose 2 options, up for Take Profit and down for HodL and I have applied this since I first got to know cryptocurrency.
But of course, every trader has a different character for their own change and sometimes they can't wait to go up so they use the StopLoss feature in Margin and Future trading.
If you have good instinct, I think You didn't need stop loss features.
Stop loss is important, maybe for me.
Just new bie at crypto trading.
I also have stop loss several times to reduce my loss.
As I said before I'm holder and trader..But didn't have good knowledge and experience much.
Just learning by doing.
-
I do not use the Stoploss feature for BTCXETH trading, BTCXFiat BTCXBNB because the three coins are very very good to hold and take advantage for the long term if the short term is dump.
Whatever the problem for trading using the stoploss feature it usually trades with Altcoins which is less popular by the community or ordinary Altcoins who are under the top 5 convomarketcap.
-
I do not use the Stoploss feature for BTCXETH trading, BTCXFiat BTCXBNB because the three coins are very very good to hold and take advantage for the long term if the short term is dump.
Whatever the problem for trading using the stoploss feature it usually trades with Altcoins which is less popular by the community or ordinary Altcoins who are under the top 5 convomarketcap.
Yeah , If we choose the top 10 coins that have high trading volume and more popular than other, I think we didn't need stop loss features.
I still confident to hold BTC, ETH, BNB for long term investment.
It doesn't need stop loss feature, when the price down, better to hold and believe the price will recover again.
that's the fact.
-
I do not use the Stoploss feature for BTCXETH trading, BTCXFiat BTCXBNB because the three coins are very very good to hold and take advantage for the long term if the short term is dump.
Whatever the problem for trading using the stoploss feature it usually trades with Altcoins which is less popular by the community or ordinary Altcoins who are under the top 5 convomarketcap.
Yeah , If we choose the top 10 coins that have high trading volume and more popular than other, I think we didn't need stop loss features.
I still confident to hold BTC, ETH, BNB for long term investment.
It doesn't need stop loss feature, when the price down, better to hold and believe the price will recover again.
that's the fact.
For top coins we didn't need stop loss features.
Because If those are going down, hold .
Those will go up again soon.
BTC, ETH, BNB, Cardano, Polygon matic, Solana, polkadot.
I think those are very potential coins.
-
Stop loss is very important for trader , The best time to sell is when you make your gain, buying and selling is depends how much you realize as your gained, i seems that bitcoin or cryptocurrency now people always pay attention on small profit to sell out their coins..the good thing in trading is having a good target of when you are suppose to sell your coins and make profit and when you are supposed to buy coin at lower division...best option is buying when the market is dip and sell when it increase in market.
-
Stop loss is good as well as bad. There are 2 conditions that can happen after hitting stop loss. The market can go more down or the market can start recovering after just hitting stop loss. So, It is very difficult to decide putting stop loss is good idea or bad.
-
Stop loss is very important for trader , The best time to sell is when you make your gain, buying and selling is depends how much you realize as your gained,
I do agree with you that using stop loss is very useful and important especial for traders. So they can manage the funds wisely by using the SL or CL. as we know that trader will always need money or their funds to trade every day. And by using the SL, they can minimize the losses and jump into another pairing for trading. they can get profits and then replace the loss they experienced previously.
-
Stop loss is good as well as bad. There are 2 conditions that can happen after hitting stop loss. The market can go more down or the market can start recovering after just hitting stop loss. So, It is very difficult to decide putting stop loss is good idea or bad.
As long as we know the ways to set a stop loss, actually, this will bring more advantages to us than its disadvantages. So far, this is used more by the traders, moreover those who are doing day trading to overcome the high losses. It is better to lose small than to lose much. Stop Loss helps us to minimize the losses.
-
In trading, stop loss is an important tool used by traders in order to protect their portfolio from losing money. A stop loss is a point at which a trader places a limit on the amount of money they are willing to lose before they will enter another trade. This helps to ensure that the trader’s portfolio doesn’t fall too far behind if there is a sudden price collapse, and it also helps to prevent them from losing all their money in one swoop.
-
I highly advise all the crypto traders that trade 5min to 15 minute time frame if you buy or sell any crypto you need a stop loss before entering in any trade , Trading without stop loss is directly a loss of funds , believe me .
-
I told him no good trader trades without stop Loss.
Or they are trading well but not too long (until first margin call) ;D
-
In trading, stop loss is an important tool used by traders in order to protect their portfolio from losing money. A stop loss is a point at which a trader places a limit on the amount of money they are willing to lose before they will enter another trade.
If you rarely check the market, you should use the stop-loss feature. But if you often check the market, you actually don't need to use it. You can sell your coin directly whenever you think it is needed. But if you are still eager to hold, you don't need to order your coins for selling. I think you can be more flexible without using the stop-loss feature. However, if you are not confident with the market condition, it is recommended to use it.
-
I believe stop loss is very important to use, it prevents you from experiencing huge losses especially if you are trading daily, weekly or short term. Several times i forget to do stop loss hoping the price will go up again but it is the opposite. So in conclusion, if isn't for investment, you should always use a stop loss.
-
I highly advise all the crypto traders that trade 5min to 15 minute time frame if you buy or sell any crypto you need a stop loss before entering in any trade , Trading without stop loss is directly a loss of funds , believe me .
Short time frames are not good for new users as it will only increase their Heart Beat, because of the fast candle generation/movements they can't be able to get profit from the market.
-
I believe stop loss is very important to use, it prevents you from experiencing huge losses especially if you are trading daily, weekly or short term. Several times i forget to do stop loss hoping the price will go up again but it is the opposite. So in conclusion, if isn't for investment, you should always use a stop loss.
If you didn't want loss alot, I think You can use stop loss features.
But In my opinion crypto is long term investment.
When our coins go down, we should hold and wait. because crypto will recover and pump again.
-
SL is one of the important tools that every new and inexperienced traders ignores and at the end they faces big losses before going to trade every trader needs to understand the risk and reward and knowing the resistance is a key for placing the sl .
-
For me I don't see anything wrong with using it to perform actual trade here in cryptocurrency. Maybe to others just to limit their trading losses.
As for me, in my few years in cryptocurrency, I have never experienced the use of a stop loss in trading every time I do it. Especially, if I am holding a token where I am willing to hold it in the long term, I think in this style stop loss is unnecessary.
-
Those who are in the market for a short period of time and are mostly day trading, placing stop loss before each trade is absolutely necessary to avoid huge losses early in the game.
-
Your price risk is quantified by a stop loss, which specifies at what level of the market you will exit a trade. A stop loss allows you to better define the size of your trade.