What Are Your Loss Control Strategies? from crypto currency..✅✅

[Asiska02]

I think the stop-loss strategy is one of the good things that all traders in the crypto space should not forget. Because it will greatly help us to limit or control correctly the fund we have in an exchange.

and in this way we can train ourselves not to be greedy when trading here. because a lot of people lose in trading when they don't use the right SL, in my opinion.

Stop loss is important in trading but I have seen traders a that don’t like using stop loss in their trades because they want to maximize their win after been so sure that the market will go in the direction they predict even if it has to go against them for a while. Those that practice this well are those that have a lot of funding in their account and are ready to risk most of them, risks that they can bare to take using small leverages. Stop loss is important but I feel when you’re able to have more control over your emotions, you’ll be able to get more acquainted to winning than the losses you’ll incur in a trade.

[doc]

I think the stop-loss strategy is one of the good things that all traders in the crypto space should not forget. Because it will greatly help us to limit or control correctly the fund we have in an exchange.

and in this way we can train ourselves not to be greedy when trading here. because a lot of people lose in trading when they don't use the right SL, in my opinion.

Stop loss is important in trading but I have seen traders a that don’t like using stop loss in their trades because they want to maximize their win after been so sure that the market will go in the direction they predict even if it has to go against them for a while. Those that practice this well are those that have a lot of funding in their account and are ready to risk most of them, risks that they can bare to take using small leverages. Stop loss is important but I feel when you’re able to have more control over your emotions, you’ll be able to get more acquainted to winning than the losses you’ll incur in a trade.

I also sometimes use stop loss fearture when the market moves very volatile, and my time to monitor the market is not much because of my real world activities. This makes me have to use stop loss because I don't want to lose much in trading.
However, it all depends on each person's ability and emotional control is different.

[Crypto Library]

I also sometimes use stop loss fearture when the market moves very volatile, and my time to monitor the market is not much because of my real world activities. This makes me have to use stop loss because I don't want to lose much in trading.
However, it all depends on each person's ability and emotional control is different.

If you are a day trader or the short-term trader then I want to say that there is no other way to stay safe in short-term trading rather than using the stop loss features.
Even then I want to also suggest one thing that even then you are using the stop losses I will say that you have to also monitoring the crypto market or the chart regularly for knowing the market sentiment. Like it happened to me multiple time I have using the stop loss and after activated it market again goes up and up I stay with my few losses.

[sampoerna]

Stop loss is important in trading but I have seen traders a that don’t like using stop loss in their trades because they want to maximize their win after been so sure that the market will go in the direction they predict even if it has to go against them for a while. Those that practice this well are those that have a lot of funding in their account and are ready to risk most of them, risks that they can bare to take using small leverages. Stop loss is important but I feel when you’re able to have more control over your emotions, you’ll be able to get more acquainted to winning than the losses you’ll incur in a trade.

Indeed, It all comes back to each strategy owned by traders. But, for those who are high risk takers, they sometimes do not set SL or CL. Or those who do trading that is not the future market, or only in the Spot market, they may also not set SL or CL to anticipate a market drop.

However, if they are active day traders, they usually use SL to manage their assets and anticipate further drops in their assets. Because their money must continue to circulate and cannot wait too long for the market to improve. But they sometimes prefer to use SL and jump to other coins to optimize chances for profits. Yes, again this is each tactic. and whatever suits each of them is what is used.

[doc]

I also sometimes use stop loss fearture when the market moves very volatile, and my time to monitor the market is not much because of my real world activities. This makes me have to use stop loss because I don't want to lose much in trading.
However, it all depends on each person's ability and emotional control is different.

If you are a day trader or the short-term trader then I want to say that there is no other way to stay safe in short-term trading rather than using the stop loss features.
Even then I want to also suggest one thing that even then you are using the stop losses I will say that you have to also monitoring the crypto market or the chart regularly for knowing the market sentiment. Like it happened to me multiple time I have using the stop loss and after activated it market again goes up and up I stay with my few losses.

You are right as a day trader must set a stop loss because of the volatile nature of the crypto market and as I said before sometimes I do not have time to monitor the market with the consideration that rather than us losing too much when the market drops sharply, the stop loss feature is very necessary.
Maybe for other day traders who can always monitor the market do not really need this, but I really need it.

[enwi]

You are right as a day trader must set a stop loss because of the volatile nature of the crypto market and as I said before sometimes I do not have time to monitor the market with the consideration that rather than us losing too much when the market drops sharply, the stop loss feature is very necessary.
Maybe for other day traders who can always monitor the market do not really need this, but I really need it.

Using stop losses does offer some measure of protection but basing your trading decisions almost entirely on it will not be that effective if one does not understand price movements. In our capacity as day traders, the stop losses can be much more tactically managed, for instance by setting our new levels depending on new technical indicators of the market fluctuations. Secondly, making an effort to define a set of more rigid trading strategies such as setting the limits of profits and fixed percentage stop-losses will let us minimize our reliance on the particular instrument. If time to closely observe the market is a constraint we may probably the want to resort to informing through prices alerts and other semi-automated approaches. Thus if tools are integrated with right planning then it becomes easier to strike a balance between guarding capital from market exploitation and results in maximum capture from the market.

[JISAN]

You are right as a day trader must set a stop loss because of the volatile nature of the crypto market and as I said before sometimes I do not have time to monitor the market with the consideration that rather than us losing too much when the market drops sharply, the stop loss feature is very necessary.
Maybe for other day traders who can always monitor the market do not really need this, but I really need it.

Using stop losses does offer some measure of protection but basing your trading decisions almost entirely on it will not be that effective if one does not understand price movements. In our capacity as day traders, the stop losses can be much more tactically managed, for instance by setting our new levels depending on new technical indicators of the market fluctuations. Secondly, making an effort to define a set of more rigid trading strategies such as setting the limits of profits and fixed percentage stop-losses will let us minimize our reliance on the particular instrument. If time to closely observe the market is a constraint we may probably the want to resort to informing through prices alerts and other semi-automated approaches. Thus if tools are integrated with right planning then it becomes easier to strike a balance between guarding capital from market exploitation and results in maximum capture from the market.

Stop loss is a very effective strategy to protect large losses.  But for that you must have proper knowledge of market analysis that if the price of a coin goes down, that coin will fall into the danger zone.  If you don't know how to do such an analysis and mistakenly set a stop loss at a desired price, then the price of this coin will hit the stop loss and the price will rise again.  This will cause you to panic and you may still make the wrong decision again.  So you must learn trading well if you want to earn money through trading.  I use stop loss all the time because it saves me from big losses at times

[LUCKMCFLY]

I have taken a whole lot of risk, buying beyond what I feel bad whenever I loose it. Investing more than I earn. But I learnt in a hard way. I buy within my money power, what I won't feel bad whenever I loose it.

Well, for example, experience has taught you how things should be done. It's hard when you lose money, I don't doubt it, but since things are like that, it's a thousand times better to determine how much money we are willing to risk and lose before doing any operation  Accordingly, that's what we risk and that's what we do. Why? To avoid losing money that isn't in our budget, that's what we should do. It's also very modest and a very intelligent strategy; it avoids all kinds of addiction.

[Crypto Library]

You are right as a day trader must set a stop loss because of the volatile nature of the crypto market and as I said before sometimes I do not have time to monitor the market with the consideration that rather than us losing too much when the market drops sharply, the stop loss feature is very necessary.
Maybe for other day traders who can always monitor the market do not really need this, but I really need it.

Yeap for the day trader it is a really good solution to handle up the losses in trading but who were not time to regular monitoring the market or who have others job so that sometime he forgot to checking monitoring for these this is also good strategy but it need even check and analysis to make profit from stop loss. Although it is stop loss features not he stop profit nor the increase profit it is for decreasing the loss amount.

[JoyMarsha]

  1. **Diversification:**Dividing your investment between multiple cryptocurrencies, so that losses in one currency are balanced by gains in others.

This is the key factor I don't miss in my crypto investment. I always tell people around me not to fail to diversify their investment in 70% Bitcoin and 30 altcoins. This way you can escape encountering crypto loses because you are not putting all eggs in one basket. If one or two coins fails, Bitcoin and some other potential coins you have in your portfolio can give back the profit returns

[Bobcrypto]

There are other trading strategies that help traders besides the use of Stop-Loss on an exchanges, the following guidelines can be necessary to reduce or eliminate trading losses.
1.Risk management, this goes to help in huge ways especially those on the future/margin options. It is appropriate to trade with a low leverages.
2. Carrie out a good research about the coins/tokens to trade
3.Set effective goals.
4.Diversify investments, if the coins in your trading portfolio are facing low demands, there is need diversify on other coins
5.Always staying informed about market trends.

[milewilda]

*Avoiding Emotional Decisions:**

When im losing then this will really be that my primary concern on which dont let yourself that being that controlled by your emotions because at the time or moment that it will happen the you will be that potentially be having that verge on acquiring even more loses on which this is really a bad situation.
Take a control of your emotion and mindset, because on the  time or moment that you do lose your cool then you will be that not be able to follow into your plans that you had set earlier. There are people who are that good on self control but there are ones who do really failed up miserably because of having no control.

[Gurujebs]

You are right as a day trader must set a stop loss because of the volatile nature of the crypto market and as I said before sometimes I do not have time to monitor the market with the consideration that rather than us losing too much when the market drops sharply, the stop loss feature is very necessary.
Maybe for other day traders who can always monitor the market do not really need this, but I really need it.

Most of he traders that do futures avoid stop loss because of the high volatility of crypto market. One minute the market is trading below $93k and the next day it's trading above $96k, such range are mostly liquidation hunting, if you use stop loss you will be liquidated and since the overall sentiment remain bullish, it will gives you hope.

As much as I like the things OP stated,  think that doing fundamental analysis helps you achieve much more as pre before the things he mentioned on the list. The analysis helps to make good decisions in the things he mentioned.

[dekafee79]

You are right as a day trader must set a stop loss because of the volatile nature of the crypto market and as I said before sometimes I do not have time to monitor the market with the consideration that rather than us losing too much when the market drops sharply, the stop loss feature is very necessary.
Maybe for other day traders who can always monitor the market do not really need this, but I really need it.

Most of he traders that do futures avoid stop loss because of the high volatility of crypto market. One minute the market is trading below $93k and the next day it's trading above $96k, such range are mostly liquidation hunting, if you use stop loss you will be liquidated and since the overall sentiment remain bullish, it will gives you hope.

As much as I like the things OP stated,  think that doing fundamental analysis helps you achieve much more as pre before the things he mentioned on the list. The analysis helps to make good decisions in the things he mentioned.

I don't do futures trading because I don't have much experience there, I prefer spot trading. that's why I use stop loss because I think it's the safest.
The crypto market is very volatile, that's why I sometimes make mistakes in predicting and can't determine the right strategy.
We must learn fundamental analysis before we invest and trade, because this is very important because it is needed in making a strategy in trading.