Stop loss importance

[gulu_khan]

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..

[gunhell16]

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.

[TopT3ns]

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.

[anshor1]

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.

[DAMKAR]

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.

[innerpumper]

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.

[IyemRoker]

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.

[aiviaa485]

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.

[bayiajaib]

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.

[damsix]

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.

[Sumi]

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.

[kent47400]

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.

[DAMKAR]

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.

[masudginanjar]

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.

[therozaq]

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.