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Hi all!I personally trade, but not in crypto so far.A friend of mine asked me: are there stop-losses in crypto? After a search on the Web, I realize that we can use a stop-loss in Futures.But for someone who is not a professional trader, and who would like to buy some crypto with a stop loss, is it possible? Does it exist?Thanks!
Quote from: Henri9009 on May 01, 2022, 03:53:09 PMHi all!I personally trade, but not in crypto so far.A friend of mine asked me: are there stop-losses in crypto? After a search on the Web, I realize that we can use a stop-loss in Futures.But for someone who is not a professional trader, and who would like to buy some crypto with a stop loss, is it possible? Does it exist?Thanks! Stop loss is being used only if you want to limit your loss. Actually, this features was being used as a tools in Binance, Houbi, Kucoin and other exchange in the cryptocurrency. Meaning, this stop loss is not only apply in the futures I think correct me if I am wrong to my understanding. Because I had been doing trade in the cryptocurrency while not using stop loss methods.
stop loss does function for those traders who trade futures to overcome losses that may be caused when you are not monitoring the conditions of the exchange so that function will be very helpful for futures traders. if there is no it then it will be difficult to keep managing the assets owned.
Stop loss can be done in any trade, not only in futures trading. In spot trading we can also easily do that, but don't do stop losses too often because it can make us really lose.
Stop loss feature is not just in futures, you can use it in several trading, spot trading and others.I think we can reduce the loss by this feature.So, let's try
Stop loss feature is not just in futures, you can use it in several trading, spot trading and others.I think we can reduce the loss by this feature.
Quote from: dekafee79 on June 22, 2022, 11:17:32 PMStop loss feature is not just in futures, you can use it in several trading, spot trading and others.I think we can reduce the loss by this feature.Yes, we can do this in all Crypto trades, in futures and spot trading we can do it. Actually this Crypto trading is the same as any other trade, So we can trade comfortably which one we want to do to keep profiting.