Bitcoin Forum

Hi All
I've been trading with btc for a while now with 4x leverage and without setting stop loss. But so far, I've been making profit.  Although, I still have plan to reduce to leverage to 2x with time.
Due to current market, I've not been selling but buy. I wait for btc to reach a specific resistance price and then when the price come down, I buy and set take profit to almost the current resistance price.

The only time I set stop loss is when the btc price exceed my order price. So i wont be scared or the price going back and also there won't be chance for lose anymore.
I found that this idea has been working well for me so far . And its a good way to trade for me as I've seen so far.

but I feel like posting about it here to see other people opinion and more experienced traders opinion.
I will really appreciate your opinions and what you think will be better or any better suggestion.

If you feel better without a stop-loss setting and still you can make a profit that's good for you. I might think that the profit you have earned lately is the coincidence and bit you're lucky enough.

But for me, this is a critical and crucial step. You should have a plan when you are in trading, you will know when you exit when there is a loss scenario because in trading, not all the time you will always win and earn a profit. Considering the stop loss is One of the Best Weapons in Trading (https://bitcointalk.org/index.php?topic=5173189.0).

It's good if you have certainly a better way to risk manage your downside.

Well, my words would be regret is felt a tad bit too late. Even if you win without setting up a stop loss, it doesn't really mean you'd keep winning, and a stop loss could really help in minimizing the losses you would get when that happens, so might as well do it. Sure, you profited for the past few trades you've done, but who says it would continue forever right? It's more like you got lucky for the first half of your trade, never underestimate the chances of you losing when trading.

Stop loss is a necessary weapon whenever you're trading, since traders don't look at maximizing their profits, but rather minimizing the losses they would gain. Profits would come after making sure your losses is at the minimum.

This type of trading is how Jesse Livermore did it, with the exception that he protected his Longs with Shorts, in this case they can be Leveraged Shorts, if the market goes against his Long he is protected by his Leveraged Short, the advantage that It has is that it is always in the market, but the truth is very risky.

Thats the idea of using SL. We have the same tactics and I believe mostly traders are doing so. Once the entry price exceed far you can set the stop loss above this price and its already guaranteed you no loss ( but of course you will bear some fee though). Ive always activate it when I am already at peace with the current movement.

But of course you dont want to lose some chance when your SL has been hit due to minor tick of the market then go up again. It happened to me so many times, I save my position above my entry price and seeing it was hit for a little drop closing my position then gaining again. Thats one thing youve missed maybe a little additional risk is necessary stay on the leverage.

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But for some rush hour( market drop and surge fast) you cant aniticipate this and will have no chance to set up a good SL either cut loss or chasing zero losses.

If the stop loss can work well for you, then you can continue to use those features because that can help you if the price is out of your expectations. You don't have to feel scared or worry if somehow the market changes the direction. If we want to use the stop loss features, I think we should have more knowledge about it to use it for our trade. But the risk will always be there because every decision that we make in the trading will risk, so we need to understand how to minimize the risk. Stop loss is one way to minimize that risk, but you should learn more about stop loss.

Stop loss is part of risk management and it is really important, I do not know why there are some traders think that stop loss is risky to use. In reality stop loss is the key to manage and lessen the risks, why do we need stop loss? this thread can help a lot of traders who are still do not know what is the purpose and why it is important. The OP have better discussion and interpretation on stop loss and its types and how and where to apply it.

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Just visit this thread about stop loss.
https://bitcointalk.org/index.php?topic=5261095.0

I'm not comfortable when I didn't set the stop lose in my whole trading. I don't know I always remember that the price of bitcoin can fall quickly even in a few second. As you can see right now on the one hour time frame, there is a long candle which is red. It could take my all money if I have a long position if I didn't set the stop lose strategy.

The trading strategy will be different each traders. I can force you to set the stop lose strategy in your entry position. Maybe you are still comportable in doing so and also you have to check the market upon your position, you can't leave it right?

Trial and error mate, definitely there is as big risk of not setting a stop-loss, but if the idea of not setting it has been effective on your part by all means continue it. However, you shouldn't discount that your strategy will continue to be successful. There's no perfect strategy here, that's why we need to learn and evolve and not stick to one particular method. Because sooner or later you will hit a wall. So if I'm in your shoes, you might take a lot at stop loss as well and learn when to use it.

Stop losses are your safety net just in case something goes bad with your trade so I think stop losses are considered to minimize losses. So yeah having trades without setting any kind of stop loss is riskier compared to having them. I myself even if I'm confident with my trade I set up a price where I have to offload my trade just to cut of my losses, its a good practice especially if you don't want holding crypto in your portfolio at a loss.

Stop loss are generally good if you don't follow your trade 24/7, or to avoid sudden dump/pump that can change the trend drastically. If you're trading on a coin that is going sideway and there's no indication it will change soon, the risk is lower, but it's still there. You should always use it if you plan on using leverage to prevent getting broke over and over again.

So its good to set stop loss to be on the safer side. And you mean I've been at luck all these while. Although, at times, I carry some opened position for more than 2 days because I prefer not to take that loss. By the way, thanks for this good advice.

Hmm, you are right. Now with this I think I should keep setting stop loss and follow proper guidance on how to set stop loss to minimise the losses and maximise profits. Seems I've been lucky truly.

Thanks for all your opinions and advices . Im happy I make this thread and  I'm able to learn from it. With what have know about this stop loss of a thing. I should be able to explain to my friends who follows my logic too.
I really appreciate you all..

When it comes to trading stop loss can be a good way for everyone especially if everything is in order and you are in some kind of stop loss. You should use staples otherwise. you can manage stop loss properly it is possible to get rid of more losses. If you do not have previous trading experience the amount of loss from lever will be much higher.

I know that stop loss is often harmful to us in trading and we want to give it up. You can do without a stop loss, but you must accept the risks of such a chosen strategy. But if you use the exchange's leverage and there is such a strong price reduction as in March, then you will simply lose your deposit.

This strategy is only for the full time traders, they always watch the market every minute to know the situation. To do so, we need to withstand pressure and get used to the work, this has little traders do. So I think having a stop loss is best, we cannot spend all of the day waiting for Bitcoin's price. The stop loss will work properly if you set it right, saving you a lot of time and risk.

I would say "trading" without stop loss is too risky and you should not do it, however investing without stop loss sounds smarter. If you want to invest and keep your money in there for a longer period of time, you could do that and you wouldn't need a stop loss since if you are doing it for the long term you do not care about the downs and ups, you care about the long term increase in the end and if you are making profit after certain amount of years.

However if you want to trade and just buy and sell within few days at max, you should definitely have a stop loss because quicker you cut losses quicker you can return to trading and make up for that loss with some good trades, that is if you trust yourself to be able to go back on trading and make a profit next time around.

My personal experience has being really bad and also if you have risk taking ability and can monitor it and have a good trading skills then it can work for you, else will suggest that to minimize the loses always to use stop loss as it is very essential else you would not even know how quickly the money gets wipe off as crypto is highly volatile.

Full time traders, will do regular buy and sell. They are margin traders and use to buy and sell with minimum profit. This is applicable only for full time traders. They won't stop at any point in trading, it will be done only by the usual traders. They will hold their saving till the next market pump. And they will buy at every dump and don't worry about short term profit.

Using stop loss will vary or depends on what kind of trader you are because i have tried to use up this tool in a very volatile period of time and do set on small margins but price movement can easily trigger or eat it up
and that made me some losses that i do hardly even recovered.When you do make scalping then this is pretty helpful specially on lower timeframe.

When you do deal with long term holds.You can still make use of SL's but be sure to set it up shallow enough because one price swing will really make you loss.

It does actually had some cons and pros, depending on how you do use it on a specific kind of trading.

It's too risky to trade without setting a stop-loss, you are just lucky to be making profit without setting a stop-loss.
Since you haven't been trading for long, it's still safe without the stop-loss feature. After all right now the market is bullish,
so naturally you can make profit without setting a stop-loss. My advice is to use the stop-loss feature from now on, before
you are too late realize the importance of trading with stop-losses. Later, if the market is suddenly bearish, you will regret not
use the stop-loss feature. That's what I experienced, crypto dump prices suddenly and I regret not using the stop-loss feature.

There are times that I may forgot to set some stop loss in my trades but as much as possible I put stop loss in order for me to  prevent such huge loss for unexpected liquidations. Since you are using such low leverage, 2-5% leverage is safe but it liquidation can not be prevented when whales sudden attack and the reversal action taken place.

Anyhow, since you are still doing the right thing and gaining some profits, you can still go on with your own way of trading even without stop loss.

It is true that the risks will increase without using cut loss or stop loss, the main goal of using it is to prevent huge losses. Trading is a game of possibilities, there is no strategy that is 100% winning rate so every strategies have a downside and it is up to us on how we will manage it. In my way, I managing my risks to stop loss feature, I usually use automated stop loss of the exchange for me to have convenience where I will not worry if my bias did not happen.

It depends to the trader, if he is comfortable not using the stop loss because there are some traders who can minimize their losses without using any stop loss tool. But using a stop loss in trading will definitely help a trader to avoid having huge losses or huge risk when there will be a bad situation in the market.

That's the goal, doing such actions needs to be assess well, if there's no favorable outcome you just completely risking your investment, in
certain point.,

Timing is very important in ending your position traders are aiming to stay in positive and limits the damages if the entry position
failed to generates good outcomes.


You need to assess this feature very well, go more deep in analyzing this strategy before risking your money, else, you are just wasting for trying.

First off, it's dangerous to trade without a SL. Highly dangerous, I must say. Except you've a high risk appetite.

Now, to the quoted and bolded above: The law of TA stipulates that you sell off Resistance, and not buy. You buying when price bounces off Resistance is risky, even though Bitcoin is bullish at the moment. You're taking unnecessary risk and it's paying off because of the bull market. Soon you will pay for this error of trading. The right thing is to buy from Support, and not Resistance.

When your predictions are more accurate then you may not need the stop loss feature but why not have it, it might save you from unexpected huge loss with very minimal damage to your capital.Or if you are a long term trader then there is no need for it, simply wait until the price gets higher and sell it once it reaches the goal price.

This might be talking about traditional markets but they are all just the same.Links given are worth to read on towards on when and how should it be used.
https://www.investopedia.com/articles/stocks/09/use-stop-loss.asp
https://www.investopedia.com/ask/answers/030915/how-do-i-determine-where-set-my-stop-loss.asp
https://decodingmarkets.com/professional-traders-stop-losses/

Hope this helps.

I would say that it is up to you whether you use stop-free or not, I only say that in some cases this can be a very helpful tool and protects against even greater losses

im no pro but seeing your post makes me say that you are doing verry good .  your good with and without stop loss although its risky but you have manage to beat the risk and  earn more .

we all have our strats and  you already figured out whats work best for you , i dont think that modifying that present config can improve your trades but im afraid that it will only make you earn slower and not earn at all

Many traders pay a lot of attention to trading, using all their free time for this, and that is why they do not use stop loss. But in order to save time and minimize your risks, stop loss is preferable and will only bring in with the right settings. In order to avoid certain mistakes, such as placing a stop in the liquidity zone, as there is a high probability that the market will pass through these values before changing direction.

It will usually depend on the trader if he has good knowledge and experience about the market then he will be able to trade without stop loss and there will be no risk. It is true that it is not possible to trade without risk but to proceed slowly. In the case of new traders, Trading is better to make stop loss because they do not have much knowledge about the market and greed is the reason for making more profit later.

You can buy when it bounces off from resistance, you just need to make sure it reaches all the way down to support level :D.

I personally would buy at above support level if it didn't break, because I would know that support is strong enough to keep it and that way I would be capable of actually profiting when it goes back up. The only way you could lose money that way is if the price goes all the way down to support, fails to break it, goes up a bit and crashes harder down afterwards, which is not unique and could definitely happen, but I think it would be not common neither.

More commonly, people buy at above support levels and sell right before resistance, that way you play the spread and could make a hefty profit most of the time, except times it breaks either of those two.

Well everybody has their way and their own strategies and if that is working well for you then you should keep doing that.
I just do swing trading without stop loss. I just place limit orders and I tend to make some decent profits.
I does take time sometimes but profit is what matters eventually.
They say in programming that if the code is working then don't touch it.
Similarly, if your strategy is making you good profits then don't change it  ;D

It’s important that you make use of stop loss, this is in case if the price of the market should go against you. Although you said that you have been making steady profit, that’s good. Still have it in mind that some days won’t be as good as the others when you were cashing out easily, so it’s good that you’re prepared for those as days and make use of stop-loss to beat them. From what I have seen, based on the explanation you have made here, it seems you’re really good at technical analysis, so that can help to push you further in this, you already know what you are doing.

You can never know when they attack. He’s trading and it’s working for him because he’s one of the lucky few that haven’t been caught in those moments. That’s why it’s very important that he makes use of stop loss, because we can’t really predict when it happens.

My trading mentor always remind me that I'm always wrong until the market proves that I'm right. It only means that there are always down side in every kind of strategies out there. I do recommend stop loss and actually a beginner should master it before deposit huge amount of money in their account. Mastering the stop loss can help you to have edge in this kind of market, you can prevent what they called capital wipeout through stop loss.

Losses can be realized many times when trading without stop loss but there are also many people who use stops to face losses. most of the time we see that many people have benefited from using staples and trading without staples would have been a loss for them. How you use Stop Loss depends on whether you are actually making a profit or not.

I am sensing some sort of like adrenaline rush in the question itself don't you guys? Like not because you wouldn't know if stop loss usage is saving you any risks or whatever, you would know that. Having stop loss means that if something goes down super fast, you will be right there before it falls down and you will get out before it falls down, so yeah it saves you and it is quite obvious.

However question could be based on something more dire, like "how risky exactly?" as in if you want to have a risky trade, like a x100 leverage trade type of risk but a lot less than that, like literally A LOT less than that. So, maybe OP wanted to know about the risk level and not actually if it is risky or not. If I am wrong, that is a very easy question to answer, if you use stop loss, you have less risk.

Sometimes even in classical trading without leverage I consider stop-loss with moderate bandwidths on the lower side to prevent me selling prematurely. I don't always do this but whether I use the stop-loss feature depends on the market volatility of that coin.

Now, given that you been trading on leverage and without a stop loss the fact that you managed to make profit is great but I personally wouldn't risk these earnings. This is to say that when leveraging stop-loss is almost imperative!

I will love to know how far you have been trading with this strategy, I don't use stop-loss also especially when I am doing day trading this is because I have learnt a great lesson I used to trade Bull and Bear token. One night, the price went down greatly below the resistance level and almost half of my profit had gone. My advice to you is either you set a stop-loss or do not have active trading especially at night when you want to sleep or anytime you will not have a chance to be checking your trading

Every trader has a strategy that works best for them. With what you wrote, it is evident that trading without setting the stop-loss order works pretty well for you. For others, it might be a disaster.
Since it works well for you, then I do not think it's risky not to set stop-loss. However, it is recommended to always set stop-loss for all trades
Personally, I have always set a stop-loss order to minimize my losses in times when the market is not favorable to me.

When it comes to day-trade then i dont see for SL's to be that relevant since you do most likely to check out prices every now and then and also i dont really leave out a position when i do sleep
but if you do decide to sleep or be away from keyboard then its suggested to set up something like SL or even a take profit tool but there are cases which i do much prefer on leaving as it is
without any limits because when price goes down you can still possibly break even since you havent triggered or make use of that sl tool.

This is right! It might be useful for others but this one could be irrelevant to some.

You are playing with fire and you are going to eventually get burned, it is as simple as that, probably the reason why this still has not happened to you is because the leverage that you are using is small compared to what we are used to see in the market, but still if you do not use a stop loss your trading account could be destroyed, and what better example than what has happened recently in the market, if you were not taking a look at your positions a few days ago and you were going long with that kind of leverage it would have been possible for your account to be damaged to the point that no matter what you did you will not recover the money that you lost.

I definitely believe it is important to use it if we are going for long term trading, as you can't always be around and it is better to be safe than sorry. I would always and always suggest others to use it like use it myself with FreshForex Broker.

I'm not sure it would be much of a problem for OP. Like you said, his margin level is quite small and doesn't pose much risk since Bitcoin's price doesn't typically drops several percentages at a goal. Also, from OP's post it's obvious that he usually buys at support levels. Stop loss works but it might not be the same for everyone.  It depends on the individual's strategy and their trading plans. Most people makes trades that gets them faster to their take-profit targets  than to a stop loss. My personal trading experience involves using stop losses because there's only so much loss that I can take. At the end of the day, It all boils down to one's trading plan and strategy.

It’s always good to take precautions, you might be trading all this while and it’s working out for you and you then think you can’t lose and decide not to be putting stop-loss, the day the loss will occur might be the day you’re going to lose big. So it’s best that you start making use of stop-loss from now to avoid any loss that might happen at a time when you least expect that to happen. Try to be careful.

Yes you’re right, for some people, stop-loss can be a disaster lol. I have seen someone complain about stop-loss ruining a trade for them. But I think this can only happen when you don’t know how to set up your stop-loss tool the right way, if you know how to do it right you wouldn’t have to bother much about it.

If a trader does not have sufficient knowledge to set the correct stop loss settings, then it is better for him not to use this function, since it can only harm him. Nevertheless, this function is provided for the experienced trader in order to minimize the risks, which are very high during a period of unstable market.

its too desperate if we trade without set trading loss. our trading balance was totally staked , and if market crash or moved againts our position it could be zero. trading plan always needed to manage our trade and it could be journal which is noted mistake we did . and also we must have risk and profit ratio properly, dont ever set bigger risk ratio than profit that we will take.

 ;D assume you bought the YAM token when it was on the bullish momentum and never added any stoploss to your trade, what would you think it would have happened as the same token drowned down to it nearest death?, oh-just wake up to see your balance emptied and then left with dead token. The importance of stoploss in trading cannot be over emphasize and should be use while trade.

Personally, I used this management tools to avoid the issue of empty balance which happened to a friend of mine some years ago.

Since 2017 even until now, I never try to use it honestly speaking. Because so far even without it, I can still able to earn good depending on the flow of the movement in the market or it depends on the coins you trade it then of course. And the risk was there whether we use stop loss or not, that's what I know about it,

I can say yes, it is risky. Several days ago we was using an automatic trading bot , which trades binance futures with 200% ROI in a month. The bot behaves good and we were so happy with results. But sadly, due to BTC drop and market crush we lost all our founds , why ? because the bot did not use any stop loss. So, be car-full and use it always.

Cryptocurrencies price movement are very volatile thus I ensured that all my trades are traded with a wide stop loss, a losing trade can rekt an account without a stop loss, you might have been trading successfully without a stop loss even with a high leverage this is absolutely very risky you might have been a bit lucky that it has been working well for you, may be its due to the present market sentiment that favors your trading methodology, cryptocurrencies can massively dump within a short period of time invariably wiping an account completely especially when price manipulation is taking place, Experienced traders do encourage the use of stop loss to protect an account. 

 I was in the same situation 6 months ago when I earned more than $400 from blogging and invested into cryptocurrency at that time I had no knowledge of cryptocurrency trading so I started doing trading on binance exchange in the beginning everything was good but after 1-2 months I knew about leverage trading then I thought that I can make huge profit which i am not making in spot trading so I started leverage trading with 5x but unfortunately at that time I did not used to use stop loss i lost all of my money in less than 2 days because market started dumping now I am regretting why I did not used stoploss so I will give advice to everyone to use stoploss

When using a stoploss we need to give a good margin both on the upper and lower level. If we set the stop loss too near, the coin may hit the stoploss more often and if more of our trades are ended in a loss (through stoploss), that's a sign of a immature trader.

Setting up a stop loss is necessary specially when you are dealing with leverage. For a normal spot trade or a grid, you can just wait if the prices went too low or start fresh as the loss won't be significant but with leverage trading, you'd need to forfeit the extra loss. But again the stop loss should be low enough to let the market play on its own. In my personal experience, a stop loss is required below $1.5K for the price you start trading in case of bitcoin.

I used to trade without a stop loss either in the past because I found that whenever I use stops it hits it and ends up reversing. It would sometimes to the $1 hit my stop and reverse. So I found stops were very annoying.

However eventually if you don't use stops, you will get a large loss. Because usually the market is ranging, similar to how almost all the CME gaps fill however eventually it will never return. And if you use leverage it's dangerous because you will quickly end up losing your account. Some people basically use a margin call as a stop loss and it's not smart. The secret is to enter where you would normally put your stops.

So you're manually monitoring it right? well stop loss is not for every one I guess because there are people who can't decide where they  should stop hoping for a good return, and also there are people who knows the value of quitting. Stop loss is obviously one of the useful tool in trading to avoid huge losses, by this they can gather it all up again and start a new trade with learned lesson.
 
Having no stop loss mechanics is riskier I think, but good for you coz you can manage it by yourself.

Trading without a stop loss can be done if you are well versed in technical analysis. Like if you are a scalper, and if you are doing that for a long time. However, if you are a beginner and do not have much experience in trading. It is a MUST to use a stop loss.

Stop loss can be helpful to some traders out there, On where they can analyze the worst possible price and wouldn't bounce back. Well if stop loss doesn't fit you or you can't use it right, It would be better to avoid using it to lessen the capital loss.

That's glad to hear, it seems you were lucky enough and not even encounter any loss. However, luck is not always on our side you better to make your stop loss if you don't want to lose all of your profit. It is risky to trade without having an exit plan, it is more like stop loss is your plan B so you better prepare for it. You might have a good start but if bad luck strikes this would be devastating thus stop loss should be your act as your protection.

In my opinion, trading without using stop loss is not recommended, indeed now you feel that without using stop loss you can make profit.
But I believe this will only success for a while, if in the long run without using a stop loss it is very risky. As we all know crypto prices are
very volatile, so at any time the crypto price can change direction. There will definitely be a moment where the price is crypto will dump
deep enough, and if this happens you will regret not using the stop loss feature.

You wouldn't want to trade without stop and loss. I loss hundreds of dollar just not setting up proper stop and loss. you will never gonna know when does the spike will happen. without the stop and loss for sure when the big spike occurred all your money in your account will wipe out. so make sure every trade set a proper stop and loss.

It is risky!
It's basically gambling if you don't put stop/loss take/profit settings. Because then you are being too confident on yourself and want to make maximum profit by risking maximum loss. But for experienced traders who knows what they are doing, this seem to be alright because they know that they are going to make profit or won't suffer much losses even if their investment doesn't yield their expectations.

Not setting a stop loss for me is what should be avoided for traders, from my experience that trading without a stop loss setting is very influential for the final results I will get. It's like running aimlessly and stopping when you're tired, but if you're really happy with it then just do it, because it's profitable for you. Like many users here, without setting a stop loss, your management in trading will be chaotic.

Well, you have a point there. Trading is just like a sort of gambling, you need a better plan to avoid of being mislead  in any action you will do. Stop loss is trading plan I have ever heard here in the forum for most trader, -- you should have an exit plan when you are going to exit if needed to. Because cutting from a huge loss is definitely a good idea than it will wipe out all your balance.

I suppose whether you treat stop-loss as risky or not depends on your degree of adversity. You need to be prepared for the sudden market volatility which might either enlist you in a market or push you out of the market, depending on the type of stop loss. In any case, if you're relaxed about your investments and can sleep at night then I would suggest you could skip it. Otherwise, if you're not giving yourself much room to play with I'd recommend the stop-loss option.

All in all, stop-loss is great feature that can either save or lose you money, it is about how and when you use it

That strategy wont work if you don’t have the cut loss level because you are taking too much risk and you might incur more losses if you continue to hold on a dumping coins. Its easy to set up your stop loss so I don’t think every trader will not miss this one not unless if you are just holding a coin without any target prices either to take profit or to cut loss.

I agree with @djmixen here cause in some occasions stop loss is not whats important and the most vital thing is choose the right selection with that stop loss is not important cause the coin invested will be green sooner or later.


@djmixen crypto is a risk involving investment but stop loss is just a strategy to prevent concurrent lost in the market.

It is duly dependent on you of course. But since not setting a stop loss works good for you so far, then just continue with the flow. But of course in whatever strategy we do on trading there would always be a down side or a ris associated for the market behavior will not always be that constant and would really not be duly favorable on the strategy you have been using for a long time now. You should still see how the market behaves and decide if you would go into setting stop loss or just continue with what you have used to do. There are certain risks on that strategy but of course there are also certain goods but as what I say that would still be dependent on the market behavior if the strategy would be a risk taking or benefit gaining. It is just still up into you if you would go or stop but based on what you have experienced, it seems that it is working so good but maybe for your part but for others, it might be the same outcome.

i rarely use stop loss if i'm in long position since i only use small leverage and margin, maximum 10% of my total capital.
that way, i don't have to be scared of getting liquidated and still have enough capital in case i want to add more to my trade.
so far that treats me good and i never cut loss.

it's gonna be different if i'm in short position, i set my stop loss at 5%, because shorting is riskier (at least for me) since the price can always go up and the sky's the limit, so stop loss is needed when i'm shorting.

Setting stop loss can save you from loss. It's good that without it you are making profits but market keeps changing you will never knew what will happen next so it's a good idea to use stop loss.

In Bitseven (https://www.bitseven.com/CPA/35520) platform Profit can be greatly expanded with less capital.
You can take advantage of both rising and falling cryptocurrencies.
The cryptocurrency market is open all day, every day.
Leveraged trading allows you to react quickly to price fluctuations and take advantage of short-term volatility.

There are really times which stop loss is needed and there are times which isnt really necessary.Its right that better to stick out on current strategy you do have as long it do gives out profit.
Not all told strategies do works for everyone this is why this will involved lots of try outs and later on you would able to discover for yourself if its effective for you or not.Being trader would be
classified on different categories depending on the time they do spent and the effort they do make.Some do consider being active ones and some will just stay for long term so thats why
setting stop loss on day active trades isnt necessary yet volatility can easily hit or eat that up. When asking about on risky matters then neither which side you are in, it do have its corresponding risk.

It was an easy thing for you if you feel comfortable with it. You already find it good, making a good profit without a stop-loss setting, the fact that it works great for you then there is nothing you'll need to change.

I know curiosity makes such ideas and a new thing to discover. Yeah, a big adjustment to take but might be worth trying and possibly more effective. Anyway, you can still set it back to the normal things you've done if you never find it good. You can't assess how effective it was if we never had tried it, twice, trice...will good enough maybe.

NOTE: We don't need to push ourselves if we are not ready for it, otherwise.

I'm glad that you are always making profits even if you never try setting stop loss which i think is even more risky. Stop loss setting can be a great way to prevent you from too much losses and this is done by most of the traders here, but if you find it more profitable even without it, then there's no need to change your strategy. After all, making profits is our very first aim here.

If you are discussing about trading, yes setting stop loss is a must thing. Without stop loss, you put your trading orders into risky. Supports can be flipped and become resistances. Bitcoin Support and Resistance for dummies (https://bitcointalk.org/index.php?topic=5263232.msg54829603#msg54829603)

Stop loss orders help you to reduce your loss when cascade effects happen on exchanges. It is more important if you use leverage tradings. Stop loss is a weapon when you trade.

One of the Best Weapons in Trading (https://bitcointalk.org/index.php?topic=5173189.msg52086364#msg52086364)

BitSeven Global Trading Ltd (https://www.bitseven.com/CPA/35520)
One of the most user friendly trading platform ove the world, you can trade with max 100x leverage on Bitcoin, Ethereum, Litecoin, and Ripple also they execute very fast routing system. You may take a look at BitSeven  (https://www.bitseven.com/CPA/35520)

Trading is totally risky if you don't manage it carefully. A stop-loss setting is a thing that helps you out from that situation, most traders are using this strategy knowing that we are not having in 24 hrs active in trading. We need to sleep also and keeping our trade safe is we need to set that before worse things to happen.
That even we use this strategy, it still not warrant anything that we are totally safe, somehow we suffered losses depending on the market situation and also the way manage our trade.

Without using stop loss in trading that will be too risky for the individual traders for sure.
Just like me, I don't use a stop for so many years only this time I realized that it is important for each trader to
maximize your loss even you are sleeping then if ever you set it up.

Trading without a stop loss is already bad enough, if you add leverage then this gets even worse but if you also trade altcoins in that fashion then sooner or later the market is going to get you, the movements of the market are too extreme and while there is without a doubt an opportunity for those looking to make fast profits at the same time this brings a huge risk and the problem is that in this market once you lose your capital then you have now way to take advantage of those movements which means that a strategy focused on taking the smallest risk possible is the one that will bring the greatest benefits over the long term.

Trading without setting a stop loss is not good for me because i will be risking my money. Cryptocurrencies are volatile that means anytime i can lose or win!
By applying stop loss in my trades i will decrease loss because i will know the point that i will be going to lose if my trades will fail.

I always recommend using stop-loss no matter how professional you are, we may be professional traders but we are not the one who arranges coins prices.

Stop loss is very important in your trading. Because when market is going through big price up or down movement then sometimes exchange also not working. Last time when btc was sump 1k All coin price was also dump and big exchange like binance also not working for few minutes which makes a lot of people liquidation of fund. So it's better to place your stop loss properly. Stop loss should be preety away from the current price because if it's close then its easily touch it. So placing stop loss also need to important.

Risky or not i think it is depends on what style that trader use, sometimes people really want to do all or nothing because although price of a coin dumped more than they expected, they still believe that the price will up again. Or maybe use stop loss can be done with grateful feeling because sometimes, people angry after price reach their stop loss price, and then pumped again.

Trading so tough but an expert trader always makes a good profit .If you able to get profit without setting stop loss it will be ok but i think it is so risky. If the price fall badly it will makes you a huge loss .Its so good that you have earned enough profit so far but i think your profit ratio will be high if you use Stop loss .

without setting stop-loss trade is like gambling.because crypto market is unpredictable.no one knows what will happen at upcoming minutes. any time it can dump huge or pump.if you set stop loss, you will loss a little and can buy again at the dip. if you are not using stop loss, you will be liquidated (future trade)or you altcoin will be stuck for long run.

I have lost a lot of USDT in this way, and now I everytime I like to use stop loss at my trade. in this way I just lost a very few USDT but its very safe for me. If you use stop loss, many time is will hit and again pump.but I will suggst you use stop loss because it will save you from being liquidated

I done it in the past and it really made a huge mess on my investment I have seen a 3-6% decline on the alt-coin that I invested and ignore it and thought that it would just jump back up.
I didn't set up a stop loss at that time because the market was dropping and pumping up so I thought it would just be another bounce but I was wrong the price continue to drop so I couldn't do anything but to hold it,
And I don't really think that it would be back to the price when I first bought it might as well just dump it now and try to gain back my loss on another crypto.

Back when my noob days in trading, I thought that holding coins are better than selling it in your loss. But when I saw that the market crashed hardly, I realized that I need to have stop loss in order to prevent a massive damage to my funds. Yes, it could be more risky when you don`t have stop loss strategy in trading because the market crash instantly and recovers for a couple of time. However, if you are long term trader having an average down is the best strategy that fits to you.

It depends on how much you are willing to risk. You should always remember that no matter what strategy you have and what approach you have to the crypto market, the important thing is the risk and capital management so that you could continuously profit and possibly compound it if you have that.

Stop losses are essential if you encounter an unexpected move with the market, if you don't have SL, it could ruin your whole account if that happens. In addition to that is to accept your losses and be emotionless.

Maybe you are interested in a trading tool like Gunbot (https://gunbot.ph)

A stop loss is not only important it is critical for your success, many people seem to prefer to not use them but that kind of attitude can be extremely dangerous in a market that is already volatile enough and in which people prefer to use leverage to increase their profits even further, and while this is very attractive very few people take the time to consider the possibility they will lose and in a market in which more than 90% of the traders lose all their money during their first year not considering the negative scenario in which we may lose money is completely irresponsible.

You're not alone on this. Sadly true. I guess it was either because we all felt price would rebound at a certain point or we allowed greed of where price could get to before we sold off consume us (of lambos and all that). Those speculations didn't really help our novice minds, at all. However, the importance of the SL wedge can't be over flogged. It's a strategy for winners or those who want to stay longer in the game. It's even more emphasized in Forex Trading than in crypto trade.

I have a friend who trades without Stop, but he hedges with leverage to cover losses, that is, he is in Long, if the price goes against, it does not matter what he loses in Long because leverage is activated in 10x and he recovers , it's like Jesse Livermore's style, in fact, he's a Youtuber, here you can find him if you want to learn, the only thing is that he's Spanish-speaking and a llitle english: https://www.youtube.com/channel/UC1X21fp5lT1gN7mKed7ohEw (https://www.youtube.com/channel/UC1X21fp5lT1gN7mKed7ohEw)

https://i.imgur.com/C9HDM06.png
Source: https://www.youtube.com/watch?v=3opxRWp3kzw (https://www.youtube.com/watch?v=3opxRWp3kzw)

After the last dump of bitcoin, altcoins lost up to 70% of their value, so everyone should have noticed the need for a stop loss. In other words, you need to use stop loss not only in margin trading, but also in the spot market. Those who used stop loss now have a good opportunity to buy tokens at a lower price.

This is very helpful when it comes to trading. Most traders use this especially during the bear season and to keep safe of our trade and prevent unwanted losses. I see no risk with this strategy but sees a huge risk when we're not.
And if you don't have enough time to go trading, monitor your trades, this actually gives a huge help. I believe most traders are using this even before until now.

now I have never activated the stop-loss feature when trading...
The price changes that occur in all cryptocurrencies are very wild. I used to often activate the stop loss feature, but what I got was the losses I continued to get. Stop loss is not recommended because maybe 1 or 2 hours later the price of the coin you are trading will go up high.

For me, i would say trading with or without stoploss feature is a trading strategy or characteristics and it aligns with whichever of the options you are comfortable with and the options which works with you.

Always do your own research

Not really, it should be depend on your trading strategies and for the day trader it is a must feature to have, because we know how volatile the crypto market is and we can even lose 10% in minutes so don't forget to have it.

Trading without setting stop-loss is extremely risky, you're just like walking without any direction where to go. It should be your game plan, there should be planning when to exit when there is a massive loss in trading. Stop-loss isn't risky, it's risky if you don't know how to trade.

That's a really great tool to use especially if you have a trading bot and then, you know how to set up trading lost. I guess profit will make it easy for you to find.

It is upto you whatever you use it or not but I think its safe to use stop loss to avoid very high loss. If you are trading altcoins then there are very high chances that you loss more money since altcoins market is pump and dump.

You already made it clear that you are so good at it, so maybe you don’t need to be making use of stop-loss. And from what I have understood from reading, it seems you’re always there when you’re trading and watching the screen, so you may not really need to make use of stop loss.

People usually make use of stop loss when they have other things to focus after they have started a trade. The work of the stop-loss tool will be to end that  trade if things should go the wrong way. So it’s mostly important when you’re not there to be watching the chart. If you’re always there, then I think it’s unnecessary.

I think stop loss is good, but very tight stop loss isn't. I mean, I've been into some very good trades and things went bad when the trades stopped out due to my set stop loss being very near to the  then ongoing price of BTC. Later, the trade went back into the direction I made a prediction for, and even reached my targets. So, it happens but you should also be precise about the level of stop loss you choose.

Trading without a stop-loss is not professional, maybe gaining some profit sometimes, but you defenetly will lose money in the long term because the market isnt always 100% predictble. With a stop-loss, you will balance your risk/reward. better to stop trading without SL

for me stoplos is a function to help traders reduce the risk of loss, I personally always use it in every trade because I can't keep track of the development of my asset prices, I also have a busy life out there that I can't possibly leave, if you don't need it then it is a natural thing because maybe you are a person who has a lot of time monitoring price developments, so not everyone needs it but some people really need it

Without stoploss the loss is inevitable, a single slippery on the order book can melt the all balance faster than we click the "close order" button on the trading platform. Having an experience doesn't mean the trader should trade without stoploss because the market doesn't forgive such cases. Single news can cause a flash crash on charts which can lead to stopping out.
 

This is true and we know on how crypto market do behaves when it comes to price movement neither it can pump unexpectedly or can crash in a blink of an eye where
you would really be leaving having a burned capital but actually stop loss is neither helpful or not depending on what kind of trader you are yet even myself dont
see this tool to be that necessary since ive been actively watching out my trades or position in the market but when i do get away from my pc then thats the time
i do set out these things to prevent further loss in case the price had go to the opposite direction as i anticipated.

No you're wrong, not because some people doesn't use stop loss or limit they are not professional, it's just that they are comfortable not using that feature it always depends on the trader. Me myself I am using stop loss, so when something not favorable happen for example a certain coin dump, I will not be affected too much I mean my order will not be lost and melt. So limit loss or stop loss is very useful for me, and based on my experience it is not risky.

I figure we ought to have more information about it to utilize it for our exchange. In any case, the danger will consistently be there on the grounds that each choice that we make in the exchanging will chance. In all actuality stop misfortune is the way to oversee and reduce the dangers, for what reason do we need stop misfortune? this string can help a great deal of merchants who are still don't have the foggiest idea what is the reason and why it is significant.

Risky or Not ?, of course very risky, Stop lose s very important for a trader and investor,
without stop losing you have to monitor the exchange and prices every time, and that's very inconvenient,
if you seeting a stop you can leave trade for anytime, yes is a really important.

You can use it if you have low confidence the market is not always favorable stop-loss is difficult to say when the market is in profit and when it is in loss. If the market suddenly goes into excess loss the balance may go to zero. For this you must use tech profit as well as stop loss using Stop Loss will protect your account from additional loss or zero balance. But maximum traders use only tech profit the number of stop loss users is very low. Trading is very risky to trade without stop loss especially for those with low capital.

Actually there is a simple thing to determine whether you need a stop loss or not. If you are trading many assets at the same time and such that you lose the count of the tokens and you are unable to track which token is moving in which direction then stop-loss is not just important but necessity at that point.

While if you are just trading a few coins or single coin then you are always in touch of the current price and you don't need to use stop-loss function because sometimes although the market is down you know a chance is there to have better values in coming weeks or months so you can avoid selling at loss and wait for sometime while if you use stop-loss the asset will be automatically sold at a particular value giving you no chance to recover.

For me even you are a scalper, it is still preferable to use stop loss. Note that this is just my opinion and it is base on my personal experience. I do margin trading and stop loss is really important, if you do not have a stop loss it will become a gambling wherein you will win huge amount of money or you will lose all of the amount that belongs in your margin wallet. Stop loss is preferable to use in all types of trading style to prevent huge losses.

Stop-loss is a thing that is used to reduce your losses with a minimum amount. Suppose your strategy or your following strategy is wrong and there has a chance of losing the money that you deposited. In such cases, stop loss will give relief to you from big losses. So every time try to set stop loss otherwise the problem can be done in anytime and your money can be lost which will take a huge time to recover or chance of losing.

Hi dear
yes you can use your own strategy without stop loss by setting up some safety orders in a certain price deviation. by adding safety orders you can cut down your entry price and get out from the trade on your desire profit.
ps: it's better to put your safety orders in higher volumes than your base order like 2x, or more ....
and also be sure to enter into the trade on the exact side of the market. do not enter on the opposite side and not putting stop loss.

Trading without stop loss is a very dangerous for any person, there is a huge chance of account wash if market goes against your trade, so we have no need to take much risk. Do trade with the proper take profit and the stop loss to avoid such risks / losses. We have to not to put our hard earned money on risk unnecessarily.

yes, in order for us not to lose so much we can use this feature, if we can't monitor our trades we can use that Stop loss. Like last time, actually I missed my trade and now it dumps. Since then in order for me to avoid that again because I can't monitor it I used that, it is not risky but I actually it helps and it is the solution that we can use. but if you can day trade and have time then don't use it.

It is necessary to know that each of our analyzes is not necessarily correct, moreover we cannot always monitor the market, therefore stop losses are necessary if our analysis is wrong, so that we do not get carried away with bigger losses. besides that with stoploss we can train discipline and emotional

Stop loss and take profit is a necessity for me in trading. It is one of the most useful tool on any trading platform and it is very effective when placed properly. They both helps you to place trades and get out of the market comfortably as your rest assured with either way the market turns, your not going lose more than you can afford and should it move towards profit, you stand the chance to get just the amount of pips that you have considered enough.

Very true, if you place it in the right position this tool is very effective. You'll be able to cut possible big damage from your capital and in the otherside, you'll be able to enjoy profits without worrying that it will fallback, stop loss for experienced traders gives a better chances of winning in every position that they'll take. Just work with your knowledge first before using this feature.

Most of the time, traders who are good in speculating see this  tool as a advantage since they can easily provide what they've think the market will push thru, by using this tool they don't need to keep watching the market, after configuring they just go and use their time
whatever important things as simple as that.

well I really agree with what you said because indeed to make safer trading is to set a stop loss, but if you want to make long-term investment in coins like bitcoin then you don't need to use this feature because you don't need money quickly and the most important thing is keep the asset in a wallet other than an exchange so the stop loss feature is completely useless for long term investments.

Stop-loss is a very important factor in trading. Because trading is always an uncertain issue and the market can be reversed as a result of incorrect analysis and decision making about the trading of traders. Moreover, the use of stop-loss through proper analysis can in many cases save the loss and even if the loss is comparatively less and the entire asset loss can be avoided. Therefore, it can be said that stop loss is an important means of protecting capital due to unfavorable trades. So trading without a stop loss is very risky for all traders, especially for low capital traders.

An extremely risky business. For clarity, I recommend that you look at all major Bitcoin movements for 2019 and 2020 in the context of margin trading on Bitmex.
A huge number of orders are liquidated every time bitcoin goes the other way against expectations, stop losses would have saved this money, but alas, they went to the exchange.

I think with BTC/USD or any kind of fiat market you should never use stop loss because it has been seen over years that the price recovered itself and you might regret using stop loss.

With altcoins and tokens trading you must use stop loss because at some instances you feel emotional about your investment in some particular coins and you carry them for too long while you should have sold them a lot earlier given the market movement and the project development. Stop loss is a good feature that keeps you within reality and you ensure that you are not trading emotionally. Of course at times you will feel like you could have saved few months longer and earned profit instead of loss but that is how trading goes, overall stop loss will benefit you in altcoins trading, that is my experience and estimation.

Are we talking about leveraged trading and future trading stuff right?

Then a stop loss is a must! Otherwise your positions would get liquidted multiple times , over and over again everytime you set a new position. There's risky management.. and if you haven't use it then it's a sure thing you'll get in trouble in no time.
Stop loss is a must. Period

I think it is too risky to trade without using the stop-loss feature, because Bitcoin price movements are unpredictable. So you
are only lucky if you are successful make a profit in trading without using stop-losses, because the price of Bitcoin sometimes
drops drastically, if that happens then you will regret it. My advice is to use the stop-loss feature before it's too late, many traders
regret that in 2017 Bitcoin managed to rise to a price of $ 19,000 without using stop-losses. Finally, when the price continues to fall,
those who buy Bitcoin at the peak price must experience large losses or have to hold Bitcoin for long enough.

Not always and it doesn't matter if you set your stop loss in the right place. When the trend tends to go up, I place stop losses only if I can make a profit. This means that I place the stop loss at a higher price than the purchase price. When the current price is lower than my purchase price, I will not set a stop loss even though I have to close my trading screen to perform other activities. If the trend is down, I always set a stop loss whenever I want to close the trading session.

without a stop loss is certainly very risky,
especially when the market is very volatile you can lose your capital too quickly,
and you will definitely get tired of watching the market continuously.

I've been trading for years now and I can say that stop loss is a must because risk management is what traders should focus. Those traders who suggesting that stop loss is not important are usually the traders who doesn't have enough experiences in the market. If you want to protect your capital then place a stop loss but if you want to easily lose it then do not place a stop loss. There is no perfect strategy after all so be sure that before you enter in a trade, you should have stop loss in order to prevent yourself incurring huge losses.

I think stop loss is better than you loss all your money, is not worry when you loss chance to get profit with trading but better you use stop loss when your prediction is not running well and you still have chance to get recovery another time with other coin although half of your money from stop loss, but if you keep continue without stop loss exactly on future trading, you will get liquid and nothing you can get after all your assets loss, you need fresh money again to start trading. I think almost trader spot or future always use stop loss to protect with bitcoin and altcoin situation always have bad news and wrong analyze with our prediction.

A lot of people are debunking it with a scenario where "what if you cut your position then suddenly the price increase" that scenarios is really happening but those scenarios are uncontrollable wherein we do not have power to predict it, anyway there is a term re-entry wherein we can trade again if our bias materialize. I'm favor with using stop loss because it is important like what you said because it is the key for us to not lose all of our money. We should learn from the mistakes of the others where they regret their decision because they did not put any stop loss in their strategy.

There are many who are now in the market at the moment, and their strategy is to enter a short position with good leverage to protect the Longs, yet the market has not made a correction that is seen to last a day, everything is In a bullish sense, the great traders use this strategy despite the fact that they have to be stuck in the pending pc all day, of course there are others that this work is done by the bots.

Regardless of whether you win without setting up a stop misfortune, it doesn't generally mean you'd continue winning, and a stop misfortune could truly help in limiting the misfortunes you would get when that occurs. I figure we ought to have more information about it to utilize it for our exchange. In any case, the danger will consistently be there in light of the fact that each choice that we make in the exchanging will chance.

I agree with this, that stop loss is a great functionality but only when applied properly and at the right time. It also depends on the strategy you're going for  like day, swing or position trading.

In my opinion, it also depends on how much time you have to look after your investments, if the answer is little then maybe a stop loss will help, at least with investments where with high liquidity.

That's it. But if we think always about the danger it also makes also influence our minds and can't decide the right thing to do. No matter how risky it was, since we are entering this life it gives no reason to think negatively but all must be optimistic ends.

Making use of stop-limit is a big help instead, yet an effective way especially when you don't have ample time to spend in trading. I'm still using this anyway and that seems it works. Trading is just having strategies that give you the advantage and possibility not to lose. It is just in your minds who control and if you can make decisions right that also results positively.

As always it's easy said than done.

The point is to keep everything planned, not just randomly trade and hoping for luck , that's not trading at all.
As when you do the stop limit, you are in the right path to get everything planned and yeah the benefits is pretty clear that you won't lost more than you can afford.

Is there still anyone who doesn't use stop loss, I mean we are in 2020 and even if you are just an investor or trader that started this financial world with crypto, never doing anything similar ever before, you should be basically expert at stop loss by now, unless you started like 3 months ago.

This has been a topic for almost a decade now, even on mt.gox there was stop loss (I suppose, never really put any money there) but in all honesty since 2017 we have seen huuuuge falls and if you still haven't learned from that and put up some stop loss, you are going to be very upset about bitcoin fall when it happens. I am not saying bitcoin will crash and burn or anything like that, all I am saying is that bitcoin is not something that constantly goes up, it goes up and down up and down which means you need stop loss.

The reason why there are some people who do not want to use stop loss because they are regretting whenever using doing it; there are times that suddenly the price is increasing after they use it. That situation is called "whip" and that is the reason why there are traders who do not have stop loss in their trading system. Whip is normal wherein it doesn't mean that stop loss is not a good thing. Are you one of the dumb traders that keep reasoning why they do not want to use any stop loss strategies. It is a skill and cutting losses takes experience and time. You cannot master it in just once because you need to experience it a lot of time. One thing is for sure and it is really risky to enter in a trade without using stop loss because you are facing huge downwards. Anything is possible in the cryptocurrency market so any moment you can experience.

This is brutally important when trading altcoins because you will often have a large portfolio and cannot keep track of how each coin is doing and hence having a stop loss set is important because certain tokens will die and it is better to get some money before it eventually dies.

Yeah, but I will never suggest to use stop loss in case you are investing and trading in the Bitcoin market only because we all know the price will recover itself slowly but surely and there is no reason to accept loss when we know that. Maybe some day traders can use it because they have to sell their coins the same day and need liquid funds to buy again but if are not day trading then I don't suggest using stop loss for Bitcoin trading/investing.

In trading setting a stop loss is very important but you know if this is works for you then you are good at it. Everyone of us has its own trading management when it comes to our finances on how our funds can grow and earn profit. So for me, without stop loss is very critical methods that your funds will lose in just seconds since we all know the market has it's up and downtrend. .

Those traders that do not use stop-loss probably haven't seen crypto market at its worst condition and only just traded during green market, crypto market is highly volatile and Bitcoin can go up or down in price by 30-40% or more in just a matter of hours and that means other coins would be doing the same only worse and if bitcoin by any chance goes down 40% for example and you are holding altcoins at the time there's a very good chance that your loss would be more than 50% and if you are holding shitcoins you can expect even a lot more loss.

Market makers or important events in the world are the deciding factor for market moves and since you have no idea when the next move up or down would be it's better to always use stop-loss to minimize your possible loss.

stop lose is very useful when you trade,
to be honest I never use stop lose when trading and it makes me always pay attention to the market,
because I am afraid if the price suddenly drops.

If the current bitcoin trend is bullish I don't think setting the stop loss is not too risky because currently news about bitcoin is always good. sometimes when we set the stop loss and touch it after that the price will go up again, always remember money management not to use a large margin so that your liquidity is not close

one of the benefits of stop-loss is that we do not have to worry about significant price changes and we can determine our profits and minimize the risk of large losses. This is very useful for traders who have other busyness who are ready to leave their assets when installing bids or offers.

Not something that you should forget to learn with.

Stop and loss will allow you to use more time with your personal needs and not to spend more time in front of your devices, with the right use of this tool, you are entitled to just configure your target settings and leave it, the next thing for you is just to wait and see whether your win has been hit or your set loses are being executed.

Very useful for experienced traders who understand the market flow.

I disagree with you, whether at that time the market was bull or not, I think stop loss is mandatory. You see, after a few days ago Btc rose to $ 19,554 then fell to $ 16,181 on binance, altcoins followed suit. Imagine if you are a Future trader who takes a long position with the highest price, see how much you lose, maybe you can be liquidated. So use the stop loss feature wherever you trade futures or spots, if the exchange has them.

From my own observation and experience I believe trading without using stop loss is very risky!!! In Cryptocurrency the first thing u have to know is risk manage and when to exist market and take ur profit no matter how little it is!!!  Is better to lose half of ur capital than to lose all.

I am really not a fan of stop-loss but  I know this is one of the "a must" when trading in futures
I am scared of being liquidated by those long wicks, so I avoid those coins that have a lot of those in the chart
as much as possible I protect my trade by not sleeping on it and make sure there is more than enough balance on my futures wallet.

I feel the same but with cryptocurrency you are always in doubt whether you should close out a trade in loss or not because there are chances that the coin/token will rise again very soon. One prime example is that some guys might have sold their bitcoins when price dropped in march-April but we all knew the price will rise and it did so a stop loss would have resulted in loss.

That said though I think it is important and is more useful because while you will miss out on sometimes but more often than not it saves you from the absolute crash that happens with most tokens.

yaa doing trade without stop may be dangrous for everyone as we know price may fluctuate any time very fastly as we see previosly in market where whithin some minutes bitcoin falls and falls and thousands of trading got liquidate within some minutes.

The idea of ​​OP is true but I can't repeat the losses also i am related to some professional traders and trying to get enough ideas from them. In fact everything depends on our perseverance and how much we are willing to explore. Although i have not yet fully learned to trade one aspect of it is that i cannot repeat losses. It is very important to search for a profitable trader and i am always trying to find something good. Also we should know that being a good trader is not easy.

It is risky if you don't have time to check the market all the time and vice versa, it is safe if you have plenty of time to check the market. But indeed, it would be better to set a stop loss because after all it is a safe way of trading and it all comes back to yourself about something you have such as time, skills etc. Anyway, the way you apply it with all the adjustments is already a good way, because when you can avoid or at least minimize losses it is a good way to trade.

On the off chance that we need to utilize the stop misfortune highlights, I figure we ought to have more information about it to utilize it for our exchange. However, the danger will consistently be there in light of the fact that each choice that we make in the exchanging will chance. I think stop misfortunes are considered to limit misfortunes. Indeed having exchanges without setting any sort of stop misfortune is more dangerous contrasted with having them.

One of the reasons why stop loss is important is to minimize your losses if a trade is going against your prediction. So not using it when you trade especially with high leverage is like having a house without a door where anything can happen at anytime.

for me without a stop loss, it's like suicide! Today altcoins really bleed,
and the most terrible thing is Ripple, ripple is down almost 50% in this day, and maybe it's not over,
if you have assets in XRP and don't put a stop loss, I'm sure you won't sleep well.

There must be a stop loss management for every trades we make. We must not let our funds lose because of lack of risk management. Maybe, if you can win most of your trades without stop loss then you can do it. But for me, we must have stop loss since we don't know where our trades going on. There are times that our plans move in different ways and if you are unlucky, your loss will goes high if you let your funds burn in market. It take years when you see your money coming back again.

The lawsuit against Ripple (XRP) and its dump in the past 2 days are lessons for stop-loss orders when you are in the crypto market. Crypto market is run by news and FUDs can be released anytime. It is terrible if news are released when you are sleeping, when you wake up, your balance falls 50% or your account is liquidated. It is a nightmare in the morning.

Stop loss order is a weapon to protect your capital, not to kill you. One of the Best Weapons in Trading (https://bitcointalk.org/index.php?topic=5173189.msg52086364#msg52086364)

Bitwise dumps XRP investment amid SEC lawsuit against Ripple (https://cointelegraph.com/news/bitwise-dumps-xrp-investment-amid-sec-lawsuit-against-ripple)
Details of the lawsuit (https://www.sec.gov/litigation/complaints/2020/comp-pr2020-338.pdf)
SEC Charges Ripple and Two Executives with Conducting $1.3 Billion Unregistered Securities Offering (https://www.sec.gov/news/press-release/2020-338)

Stop loss reduces the risk of trading a lot you keep the stop loss, even if the price goes down you don't have to face much loss. But as prices rise so do the currencies stop loss reduces the risk for every trader to trade in that case their capital is much safer the price increase of currencies depends on the demand of the market.

Stop loss is definitely good for option traders. However, proper use of stoploss is important to reduce the amount of losses. It is often seen that losses have been incurred due to the use of stoploss, the reason being that stoploss was used without proper market analysis so that the market goes uptrend again after the stoploss is hit.

So if traders use stoploss properly, traders will be able to save their accounts from huge losses.

When you are just trading actively then using stoploss wont really be that necessary because once its triggered then its already considered as loss.So it means you would need to
buyback to take those losses back and able to profits not like when you arent using SL and just waiting up for price recovery.

Varies on each person because recovery will neither can be attained through recovery or simply cost-averaging which means you do able to compensate or cover up on what you had lost.

It depends on how someone would be handling out themselves into this market.

You can do it. If you have broad knowledge about this feature you can simply maximize your potential and minimize the risk, it's all about knowing the asset that you are holding.

Tradong is too risky not unless you have all the information that you need to keep your assets safe from time to time.

The more you understand the more you can configure your position, it's your money anyway so better to keep on track and always be
protective to your investment.

Stop losses are there for a reason but I do think that at times you could do/risk without them. This al depends on the market situation and how long you're planning on holding out for.

If you tend to be too worried, specially when trading with large volume, then anybody will tell you that using a stop-loss would only act at your own advantage.

Bette lost half your money than you have loss all and you need waiting long time to recovery your money back again, but if you have stop loss when price down you still have enough money to begin trading with other coin but never make the same mistake with coin ever make you loss. I think with using stop loss you get profitable with your money back although just little loss when trading before, but you have chance to profit back if you buy good and potential coin.

In the past, I didn't set a stop loss when trading because personally, I am not good enough at trading. Just buying and then holding it if the price si still low or not reaching the expatcaion. When the price is down, I commonly only waited for it to raise up.
However, after understanding the benefits of stop-loss, I think that it will be beneficial if we are using this, as you can see the benefits from this article:
The Stop-Loss Order—Make Sure You Use It (https://www.investopedia.com/articles/stocks/09/use-stop-loss.asp)

And we should always remember that this tool isn't available on spot trading. Well this tool is the best thing that will happen to anyone in this industry when the coins price went down horrifically and the trader stand a bigger chance to buy more coin. This is the only tool that help in managing huge risk while talking trading in term of margin and future cryptocurrency trading.

On the off chance that we need to utilize the stop misfortune highlights, I figure we ought to have more information about it to utilize it for our exchange. In any case, the danger will consistently be there in light of the fact that each choice that we make in the exchanging will chance. You should utilize staples in any case. you can oversee stop misfortune appropriately it is conceivable to dispose of more misfortunes.

Trading without stoploss is not good according to me,No one knows what will happen.
Remember one thing whatever you have earned till so far,you can loose a huge amount from it within a hour
I will advise that no one should take trade without proper risk and management.

Manual trading without a sl is risky but it really depends on your strategy and wallet size. If you have a large wallet and can dca on large swings then a stop loss is not so important. But if your wallet size is small and you are using large limits then having a sl can save you in that moment when things don’t go as planned.

Trading without SL is really risky as the market is really volatile. For me, SL is just a tool if worst comes to worst, and prevent me from making rush decisions depending on the situation. Limiting the damage that it can be done, and making balance for things.

From my experience i think it depends on market situation. If you see that the market is green and its pumping sok much then if you want then you can trade without stop loss. But if the market is in holding position and it feels soo tough to guess what will be the next position for bitcoin price point then i think you must have to use stop loss. Otherwise trading is always a risky think now it is all up to you what do you want if you think you should use stop loss then use it. Or if you think no i do not need for now the do not use it. It is all up to your happiness. Thats it.

There are many traders that never use SL for a reason that they want to have the gain in full without selling it in lost. To do that perfectly you need to have experience in trading and 100% sure that your entry is right and will not going to dip more or there are reversal that will happen sooner. For margin and futures trading then stop lost is really important if you don't want to be liquidated.

Stop loss is important when trading future or spot but I don't know why keep optimist when my order short or long have wrong keep hold and never try to stop loss because I think my coin future trade will back again to down or high, just needed much money to keep far from liquid with future trading but in spot I will hold as long as until price back to higher, but I think need to check how potential trade coin will back to higher price by seeing the moment will back up soon or need long time.

For long term, imagine that one day the markets go against your moves, and without setting the stop loss you may end in a bad lose. Of course, that sometimes, because of some ticks closes the transaction on stop loss, but I believe for the long run, better to have a position where you know how the trade might work out, setting a take profit and a stop loss. Before entering a trade, we need to know why we enter the trade, and how much are we willing to lose on that trade.

Correct! having that knowledge will do allow you to have a better position, there are up and down from any type of market,

but if you have  a much better look and have the right skills to work around from any venue of investment that you take having

stop and loss will lead you to harvest those profits that possibly you gained from your investment.

One stupid thing to do with trading is open leverage positions with same cryptocurency is used as collateral.

Sometimes, the market moves in the direction you don't want it to.

Leverage orders: short (you want the price to fall down)
Real market: price is moving up a lot (that is opposite what you wanted to see)

Result is you will hesitate to cut-loss or stop-loss for your leverage position. Especially if it is isolated margin, you can not move the collateraled coin and take profit in Spot trading then move them back (in BTC). With Cross margin, if you use all your capital for that position, you will not be able to move the collateral out to take profit. It sucks.

My experience is use BTC as collateral is safest method and help you to avoid headache.

I think professional trader not feeling easy when set the halt didn’t lose in my entirety exchanging. No one can exact predict but continuously keep in mind that the cost of bitcoin can drop rapidly indeed in a number of moment. As you'll see right presently on the one hour time outline, there's a long candle which is ruddy. It might take my all cash on the off chance that I have a long position in the event that I didn't set the halt lose strategy. The exchanging procedure will be distinctive each traders. I can drive you to set the stop lose strategy in your section position.

For BTCUSD (https://de.tradingview.com/symbols/BTCUSD/) I would never trade (different from hodling!) without an SL. For other assets, specially indices, it can make sense to not have an SL in long positions, as indices are constructed to be bullmarkets. If a stock does not match the criteria for being in that index, it will be removed and replaced by one that actually does match them, therefore, indices will from a monthly/yearly perspective only rise and give some dips to buy. So from that point of View, trading without an SL can make sense, IF you can hold the Drawdown, or open a hedging position, once you would go below BE.

Stop loss in trading means the pre-set price limit of a share. It's a strategy of the traders to limit their loss or gain in a trade.
It's not possible to predict the price of a share in trading. One may loss so much money by trading in a wrong price. But stop loss helps one to limit his losses. It's not possible to say the price will be higher or lower tomorrow. But applying some plans one can minimize his losses. And stop loss can be a breathtaking strategy for traders. If you buy a share firstly you have to set a plan that in which point and in what price you will sell that share.
Price is unpredictable in share market. No one can predict it. But one can achieve his goals by doing pre-plan. And in share market that pre-plan is called stop loss.
So, it's quite risky to trade without stop loss. To minimize risk pre-plan is must. So, trader should set stop loss before trading.

In my opinion risky.

It all depends on you on how you can manage market volatility btc market is so easy to pump and dump by whales and if you are confident enough and did not set a stop loss and you are using like 50x-100x leverage its a very dangerous setup but as you said you are only using a 4x leverage I think its safe for now It all depends on your setup and strategy as I can see many new traders today are also not using stop loss and with very high leverage that cause a serious financial losses.

You don't need any "stop loss" because your leverage is pretty low enough to give you some time to look for it before it gets liquidated. Setting a "stop loss" are only for those traders that use high leverage trading but doesn't have enough time to trade 24/7, so they use "stop loss" option to minimize their losses every time they trade.

For me, I'd like to use manual stop loss since I'm a Scalp Trader, never done anything like 4x leverage since it's not going to use if your capital is just small.

On the off chance that the stop loss bring positive results for you, at that point you'll be able proceed to use those highlights since that can assist you if the price is out of your desires. You do not have to be feeling frightened or stress on the off chance that by one means or another showcase changes the heading. In case we need to utilize the halt misfortune highlights, I think we ought to have more information almost it to utilize it for our exchange. But the hazard will always be there since each choice that we make within the exchanging will hazard, so we got to get it how to play down the hazard. Stop loss is one way to play down that hazard, but you ought to study more about stop loss.

Setting a low leverage in every trade you make is also a good choice as long you know how to manage risks. We do have our own set up or strategy on how we can make gains in trading. For some it is already on a set up on having a stop loss and take profit to avoid further liquidation and make gains when price rising up. It is our own choice to set up a stop loss and risky without it, just my opinion.

Stop loss are good only for those active traders but for long term ones then this wont really be that much of a relevant tool you can use on
unless if you do go on a swing trade where taking profits in a 5k-10k profit swing but if not then it wont really be not necessary but doesnt
mean that you shouldnt use this one.It all matters with preference though as long you do find it effective then stick to it because one of
the priority on here is to make profits no matter what strategies and tools would be used.