is managing trade needed?

[sturec22]

I think it is crucial. I don't mean checking your trade every second. But it is really important to set your stop loss. Crypto market is really volatile and you can lose your money over night time. So setting up stop loss or creating a stop limit order is really important.

[Jee]

I really want to trade daily but when I see the crypto market with a quiet trading volume I only save my coins and do not trade, I think if coins like BTC and ETH go up in price, there will be big profits after we hold them.

but do not forget it is time now to open position and hold. this in historic low price we may not see later on.

[Seerge]

yes, managing trading in Cryptocurrency is very important to get more profit. But actually it's not as easy as people say. need to learn to get high knowledge, learn to understand market price movements to obtain high profits.

[Jee]

learn to understand market price movements to obtain high profits.

The most difficult part is to obtain high profits,
Traders can set a stop lose.
But i still face problem to get the high profit.

[a_ps]

As a reliable trader, of course you have estimated what the losses will be and what results you will get if you enter the decision. Likewise a trader, psychology is also very important in determining the RR (risk ratio), or he will lose assets greater than planned.

[Luckyperson21]

Yes. Very needed. If we buy coins, we must always look at the price of coins. Because the price of coins can go down anytime. If you are late for cut loss, you will loss.

[bayiajaib]

trading is the thing that is needed in order to survive in cryptocurrency and get a big profit.
and I am still learning to do crypto trading, the fluctuating price makes new people really have to be able to control their emotions, this is important,
and I still learn about managing trade to avoid cut loss,
but is managing trading really needed in order to avoid cutloss?
I want to gather some opinions about this.

Yes I agree,  I tbink we need  manage  the trading.  Because  trading need smart strategy  and more focus to do it.

[ryap12]

I do manage my tradings but I actually cannot keep track of them all. Because some exchanges does not have the option for a stop-loss. It is also very profitable for traders when you successfully manage trading even just for a month. I remember getting a reward from an exchange and I manage to multiply it's value into 6 times which gave me some good profit.

[alltalk]

Sure. Trading management is a must, it will determine how successful we are. I am not sure to succeed without good management. It is the key to every business that people have to be able to manage it correctly. I prefer to not have trading if I have no right management.

[moonuranus]

Yes, proper management for trading is needed, without this you are more likely to not succeed making any profit rather you will be drowned in a loss, stop loss stop profit is needed.

[Gyrgen]

Certainly, you must follow some rules. Starting from the size of the deposit that is involved in trading before using the stop-loss. You should not sell at a low price if you open the transaction incorrectly. It’s better to wait.

[Jee]

You should not sell at a low price if you open the transaction incorrectly. It’s better to wait.

stop- lose is their to sell in lose if the price break a major resistance so better to sell and wait for a price action in the lower support line.
so I do not wait I sell and wait down to increase the amount of token I have. 

[Fenix]

I really want to trade daily but when I see the crypto market with a quiet trading volume I only save my coins and do not trade, I think if coins like BTC and ETH go up in price, there will be big profits after we hold them.

Yes, trade is a whole art and not everyone can master it successfully. She plays a lot of time, knowledge and experience and is considered the most risky activity. However, this type of activity is also capable of generating great profits.
Now, in my opinion, the cryptocurrency trade is still underdeveloped, since the cryptocurrency itself is still relatively young and is only developing. However, this is a very promising activity.

[Stuart]

Cutloss should be set on coins/projects that are not promising or volatile in the market, projects of low quality.  Managing trade will help to reduce the losses when cutloss is applied. I really haven't used the form of trading at all, but I guest I will try it out, it could be better.

[moonuranus]

Ofcourse, without proper management of your trades you will not be able to monitor if you are on loss or on profit, you should always do manage your trade and also always set stop loss and stop profit in order to achieve certain amount of profit or loss.