Stop loss importance

[elbans89]

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.

[Ankit1999999]

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.

[atrizbtc]

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.

[I-Bit]

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.

[vegasus]

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.

[scepsis]

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.

[Osama Sultan]

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 .

[SpenserReed]

I told him no good trader trades without stop Loss.

Or they are trading well but not too long (until first margin call) 

[alltalk]

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.

[Hope4life]

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.

[msz900]

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.

[de_prof]

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.

[Osama Sultan]

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 .

[gunhell16]

  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.

[Docimasy]

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.