Bitcoin Forum

Just curious, do any of you set stop losses and recollect again later? Or do you just HODL regardless of what the dip is.

If I trade, I set stop loss.

But if I just hold, I don't do that much and I just leave it there. I don't usually set a stop loss since that fund of mine is bound to be hold for a long time.

That's what I meant by holding.

It is depend on the position on trading that I get. In my opinion although bitcoin price fall then it will not go down below certain point, for example: the market is in bearish trend now, at this time I bought bitcoin again after I sold all of my btc during last bullish trend but unfortunately bitcoin price keep fall, since I bought bitcoin at price that I think is lowest based on my calculation then I just hold. Usually I do that when I bought using lump sum strategy and for long term. But when I bought a cryptocurrency for day trading then I set up stop loss, regardless whether it is bullish or bearish. Anyway I am not a professional traders, I am still learning, that is just a strategy that I think it is good.

Stop loss is used specifically when you are trading your coin to limit your losses. Then if you choose to hodl you don't need a stop loss except you wish to withdraw then buy more of the dip when it keeps going down. I prefer to hodl since my coins isn't upto $1k to avoid blowing off everything due to spike since cryto market is highly volatile.

Trading portfolio separate from investing portfolio, which I think everyone should do. But with my trading stack, even though I don't day-trade by looking at charts all day, yes I do set stop losses for those humongous unexpected crashes.

I am currently using stop loss because it is very useful when market conditions go down like this, there is no word "hodl" when the market is down, it will continue to fall, I hope those who often lose should use this so that they do not lose much.

HODL is not a simple word, dude. It's not so easy to HODL while it's bleeding. I have sold my BTC earlier but in altcoin, if I were not setting up stop loss, I would be losing more than 50% of my asset (or shit  ;)) If you have purchased the ATH, SL is a must-follow IMO.

Are you kidding, bro? You should have known the origin of the word HODL is when the market was falling significantly. Didn't you read BTC crashing WHY AM I HOLDING (https://bitcointalk.org/index.php?topic=375643.0)?

If you're holding you shouldn't use a stop loss. Too much volatility and you'll get stopped out, usually right before a run up. Stop losses just ensure the market makers know exactly where they need to drop the price to take your sats from you. Don't give them up so easily. Only you care about your future, they sure as hell don't.

I would rather trade with a stop loss than just hodl since I make more profit trading although it's way too risky if the entry is not well timed. But compared to just holding I would rather trade with my stop loss in check should in case the trade goes against my prediction. But in situations where I can't analyze the trend or state of the market to avoid incurring losses on purpose I would rather hodl to save the funds for a more profitable trade

stop loss to stop losses.if indeed you are afraid to experience a loss. considering the price of bitcoin is getting lower, but unfortunately I am very sure, bitcoin will not go down to its lowestpoint.we just need to be patient in investing and use long-term results in the future. will come. If fear continues to haunt then sell it and leave in June

We use stop loss when we trade. For holder, they are not interested in short market corrections.Then stop loss is not necessary in this case. The assets of the holders are almost unaffected.

I just HODl so I don't really set up stop loss. I used to way back when I was trying out trading, and I really think should be done. Hodling is another matter since it doesn't really matter much if the market crashes 10, 20 or more since you're HODLing. It's not a matter of price but time in that case imo.

My asset on centralized excjange is mainly for trading and therefore, I set stop loss on my trading position to prevent sudden price swing like we have witness in the past few weeks! Stop loss have reduced my loss and protected my capital. Stop loss must be used often in an unpredictable market that we are. The price swing downward should trigger yiour stop-loss and safe you from  deep loss!

Depends how the price action goes but actually I don't dl much stop loss since I mostly hodl just to avoid any further losing, most of the time I just try to grab another funds just to do a fresh start and buy at the dip so that I can possibly earned back what I supposed to lose when bitcoin pricr dumps. You can also see how history works so that you can gain a confidence about future of bitcoin and altcoins.

That is an option for traders but it is better to set stop losses to prevent the downtrend from preventing getting more losses. If you do not want to trade and only want to watch the market, you do not need to set the stop loss. Stop losses really help the traders so I think you can use it too before losing your money. But that will be up to you.

This are two perspective associated with crypto, an enthusiast can either be a hodler or a trader, a hodler wouldn't have an option of placing a stop loss especially when the coins is held in a wallet no wonder report reaching us in the last few weeks stated that $billions of account of crypto hodlers were liquidated due to market dip. whereas a trader can exchange a crypto to a stable coin like USDT and BUSD and trade with a stop loss, in this bearish run the trader short a coin with a stop loss placed above the resistance when the price pumps instead of falling the trade will cut off some risk of the trader based on the position of the stop loss, thus trading is more safer and more than holding secure unfortunately majorities of crypto enthusiast can't withstand the rigorous training and learning to becoming a trader, instead settled as a hodler.

Setting a stop loss in spot trading helps to save your deposit and gives you the opportunity to buy a coin at a reduced price. But there is another opinion that with high volatility, you will constantly lose your money using stop loss. But after such dumps, as we saw today, the number of supporters of setting a stop loss in spot trading should increase.
 

Upon doing trading, you must be setting up your stop loss to somehow manage your funds not leaving you with total zero balance of massive loss because you haven't observe the market properly or it have gone the other way than you expected it to be. Traders usually do set this up in order to save them from a total loss upon doing trades. Hodling is good if you do not want hassle or risks to be taken but trading is other possible way of earning buy you must be aware to be dealing on risks and it is more likely to have losses than gains so setting up stop loss is essential.

I don't know if you understand the meaning of HODLing but this is when you keep your coins until a target profit point and you don't bother selling them off regardless of how deep the price drops so it doesn't require stop loss.

The best thing to do is buying bitcoin during the dip like one where it was was $3K and then you HODL, if the price reaches $100K and then drops back to $10K, you won't be bothered that much because you bought the Bitcoin at $3K and you will have hope that it will rise back up during the bull market.

Stop losses are more applicable in short term trades.

You mean stop loss in margin trading or the usual trading? Because its two different. I mean when I set up stop loss in margin tradingor with my leverage trading, when it triggered ans it hit. It automatically stop your position or entry. As aith those usual trading, if you wish to have stop loss and you decided to sell it. Recollecting is a good idea to compensate that loss and to be at profit again.

But the thing is that, "holding" is better than to recollect and to retrade it again.

There should never be any sell orders for bitcoin if you are trading in a crappy alt coin the stop loss should be set at 75% down. Anything that swings 60% down in a day should be sold. Look at titan coin for example.

Personally, in trading, I always place a stop loss just in case the market differs from our analysis. in placing a stop loss do not be stingy, in the sense that we have to calculate the risk on each transaction. let's imagine if we buy bitcoin at a price of $ 55k, if we hold on to it until now, of course psychologically disturbed

When you hodl, i dont think there is an option for stoploss. Because you only sell when you feel like and make profit when the value of the asset you are hodling increases.
But for trading or margin trading, stop loss in important to minimise your loss.

It is better to use stop loss to prevent the downtrend that can happen at any time. Usually, I set it after I bought it just in case if the price has a dump. But if I see that the price will not get a big dump, I will not use stop loss instead of waiting for the price moves.

If I see the price is dropping fast and I lose the chance to use the stop loss, I will hold it and just wait for more. That will be different if the coin gets a bearish trend, and if that happens, stop loss will be necessary to prevent the big loss.

For me, it was optional and it depends on the trader but honestly, it place an important role especially when you are out of time to make a trade. I use this but not too often coz that never helps you to make a profit in trading but just only to save you from losing a lot. In many cases that I lifted my sell-order, I've just to think what if I just hold it while waiting for the market to rise? That is why I'm saying it was only an option but I'd rather have not used it if there is another way to save from losing.

I can't monitor the market properly as I am busy with personal stuffs so I just HODL and don't bother if it dips. I even buy more if I have extra money. Having stop losses is only for traders who want to lessen their losses. They put a stoploss so they still have buying power and able to buy more quantity of that particular crypto at a lower price. Stoploss is very important especially if you are doing leverage trading to avoid being liquidated. As for spot, you only put stoploss if you can monitor the market properly. If you put stoploss then the price quickly bounce, you will just buy again at a higher price with lesser quantity of that coin.

In trading, one can never be too sure of an analysis or a trading position in the market. So, you employ price action by looking at what price has been doing in the market to aid you in guiding against loses. Stop Lose and Take Profit SL/TP  helps you do that. They are  your perfect watchman on a trade that you aren't very sure of in order to ensure you don't have much reason for regrets.
Though, you've got to know how to apply them and know that, there could be some malfunctions that might occur in the market and though you might have your SL/TP set, it could not be triggered. I've heard of this things but haven't seen it happen so, you just don't have to be all relaxed with a SL/TP set. About how to set stop lose and take profit,

For Stop Lose, the previous low or lower high is targeted and set right below it, just a few pips in while,
For tlTake profit, the next or higher high, is targeted and set a few pips close to it.

I always use stop losses when I'm trading. Even when I'm trading spot (no margin). Holding a loosing trade is nothing like hodling (investing). As a trader you want to keep firing as new trading opportunities come up. You can't enter new trades if your stuck in a loosing trade. This is called opportunity costs. I rather cut my loses (with a stoploss) and get into a new trade than to maintain a loosing position. The double whammy of loosing money on a bad trade while also incurring opportunity costs is beyond amateur.

it depends on your strategy how to apply it because you can set up stop lose whenever you want just to prevent a huge lose. But if you didn't set stop lose and you're stuck up because of the dip then holding is always the best way to stay safe and to have a chance to regain the lost. However if you don't want such situations, always remember as well to set that thing because it's a big advantage and big help to protect your money while trading, wherein no matter what happen you're still safe..

Holding is the better and simplest step to stop loss.Incase,you had brought bitcoin at the value of 40k.You need to wait till it reach the value of 41k.Because with the pump only,we can earn money.You should spend some time to monitor the market.Without that,you can't earn even 1 dollar to your pocket.It's the simple logic to get good profit.

I personally trade altcoins for short term, so i always set a stop loss for them, but for bitcoin since i am investing in it for the long term and have most of my investment in it i just hold because i know for a fact that no matter how low bitcoin goes it will always go back up again, but for some altcoins that thing does is not always true, so if you believe in an investment you should always support it and it will pay off.

Your purpose of investing at first is what will determine whether you’re going to be making use of stop loss or not. If you’re a day trader you need to be making use of stop loss to reduce your risk. Since you’re just following the quick up and down movement of the price to make income, you have to have your stop loss switched on steady so that you don’t end up making a mistake and losing your money. But, if what you want to do is HODL (long term), then it is not necessary for you to be using stop loss. I can HODL for months and even a year, and in a case like this, I don’t see the need to for that stop loss.

it depends on whether you are for long term or short term. for long term you dont need to set stop losses even if you get caught in the dip, you just remain no matter how long it takes and then you take profit anytime it comes. but for short term you have to set stop loss because you  dont  want to get caught in a dip situation and wont want to wait longer for recovery.

The market is extremely manipulative and therefore many experienced traders do not recommend using stop-losses, but for a beginner this is a deadly number.
It is better to lose a few percent of the deposit than to watch the entire deposit burn out in the bear market. Now the market is very dangerous, there is no clearly defined trend, which means it is better not to trade at all.

Depends on what kind of investor or trader you are because on my parts im not really that fan of using stop losses unless if i do get away from my keyboard and i do have some open positions then i do usually make or set stop losses but if not then i would just let it be and when im on negative
then i do simply make out some holds and wait up for some recovery at least you do still have the chance for breakeven or make out profit when the market tends to make a shift unlike when SL's had been triggered then that would be already considered to be a loss.So its up to someone on how they
would be taking stop loss and its a matter of preference.

For the people who opted to hold for years, stoploss is never a concern because they are already into profits and they might be having trailing stop-loss in mind because they might not have any open order in any exchanges as all of their assets must be in cold stored local addys. So, stoploss is required only for the traders who are actively trading right now in exchanges and not into big profits already.

By manipulative, we can understand that bitcoin market will recover at any time because the current bearish mode is not natural but triggered by manipulations hence market may recover at any time and if you're a true believer of bitcoin's future then you can go for holding without stoploss.

Stop losses means holding your crypto coins during downfalls. Those people invested and hold their coins for a year don't need to worry since they already have a profits and might prevent losses. Holding coins is very useful especially when market prices went down. Stop loss is only required for traders who are actively trading right now for exchanges but not to earn big profits.

It's not wrong, stop loss is a relatively good way to save money but many people do very detailed calculations and don't want to put their money in the hands of the market, they perceive their losses as sorrow and they cannot allow it, but their excessive stinginess only makes them lose more quickly. That's why many experts always suggest that we should set our vision for the future, not just an overnight vision, tug-of-war with the market is not a good way when it's so much stronger than us, it's respectable to take a step back to see a win

It can work as long as he can pick the right coins. With so many coins at the market, that can tempt them to pick the wrong coins and without doing analysis, he will not found the right coins. Stop losses will benefit you if the price is getting dump and still getting down after that so you can prevent losing big money. But if the price down is not too much and the price can bounce up, then the stop loss will not be necessary. You will know when you should use stop loss when you can analyze the market.

If I trade in the short term, then stop loss is a mandatory option for me. In long-term trading, I see no point in stop-lss. Stop-loss is a good way to minimize losses, so I would use this option

Only if you're a daily trader.

It's like it's a must when you do daily trades because it will have you stop from more losses that you're having if the market is going down.

Whether you're away from your PC or phone or whatever device you use as you trade. You're worry-free because you've already set your stop loss.

Seriously from the little experience am having in Cryptocurrency I believe the first thing you should always do after buying a coin is to set stop lost because some times after buying a coin the coin will start dumping I believe stop Lose is very important because it will definitely cut your lost and after the coin is down you can easily buy back the coin again at lower amount. Let me use myself as example I bought sxp coin last year on binance at $3.2 thinking the coin will pump to $5 but suddenly bitcoin started dumping which affected the coin but with the help of stop-loss it sold itself at $3.0 after the coin dump to around $0.8 I bought again and I sold it at $5 few weeks again so you see stop-loss is very important.

people who do hodl, they do not place stop-loss regardless of the dip the market is facing, there are people who have even had losses of more than 50% of the investment and continue doing hodl, in my opinion in this scenario of doing hodl and being with big losses one should buy every dip to minimize losses and be rewarding in the long run.

In the case of day trade, it is mandatory to use stop-loss, there are times when the market drops a lot, imagine that you buy bitcoin for the price of $34000, do not put Stop-Loss and leave home, and when you return home you find it while the price dropped to $30,000, Is a very big loss

Yes, crypto markets are known for having high volatility that is why we see flash dumps and epic moves especially in high volatility periods. The issue of stop loss has been heavily debated in the past and at the end of the day, it was agreed that it is dependent on the trader in question. I have a friend who doesn't use stop loss even for leveraged trades. Even with losses, he doesn't make changes to use stop loss for future trades. In his defense, he has missed a lot of big moves simply because market stopped him out before moving in the original direction he predicted.

That is really hard when you are not a full-time trader and it is very important to use a stop-loss strategy otherwise, you will lose.
But I'm not preferred to doing it, I suppose not to trade if I have limited time to check the market and limited access to my PC or phone. Eventually, it is hard when you don't have time enough to trade and sometimes it leads to worse ends (losing).

Do understand that you're trading and not investing. Traders only care about profits and don't basically have to believe in a project before they can start trading it. This believe are what make you hold a project but traders don't need that to succeed, they just have to get the technicalities right. You can trade shitcoin get your profit and move out without been attached like what most newbies investors are currently experiencing.

That been said, as a trader you must have your stop loss option plugged in at all point to avoid you been in losses or minimizing your loss so you can live to fight another day. Your stop loss though don't have to always been in the negative side of the market, you can use this option to your advantage by constantly adjusting it to take profits as the trades flavours you.

This is also risky though, we all know how volatile cryptocurrency is especially with those mid-low market caps, and if you use them for trading with leverage, the risk will become higher, and not using stop loss will also result in liquidation within seconds, even you are a day trader or scalp trader. That's why I don't practice this, before I enter a trade, I am deciding my stop loss immediately, and set it once the trade is open.

In simple words this can be summarized like this: for trading you just need technical things whereas for holding you must need to go for fundamental analysis. Fundamentals of bitcoin is too good and that is the reason it is highly recommended for long-term holding. Long term holding got nothing to do with stoploss things.

That must be the exact way, every trader should go :). Evaluating how much we can afford on the event of negative market and then immediately incorporating stoploss levels once entry got triggered are usual practices of pro traders.

Pretty sound advice for newbies although when it was my first time buying bitcoin, I didn't put mine but I was lucky that the prices back then was on a rally so I did get a decent profit there but I am speaking from experience, it might be different from you so there is an high chance that it will be different experience for you. Consider putting a stop loss.

Honestly I'm not going for immediately for putting stoploss orders because after having strong technical analysis alone I am opening my orders. It means very rarely stoploss may get triggered for me so I will be having enough time to put stoploss order. Hence, I do believe that you do not need immediately to put stoploss orders but need to be carefully watching market whether stoploss levels coming down or not. When you are in front of market screen then you can take your own time to put stoploss order until it is needed.

Stop-loss has some importance in trading, the majority are using this even upon entry (maybe some just use it when it is needed). Traders had used this to save themselves from losing a lot. You should never ignore this thing, you will know once you are in actual trading. Well, trading has a big difference compared to the situation when you are just investing. That HOLD is something special in here especially when the market is bleeding.

All of these things have a huge role in the market, yes, the things you need to consider when you are in crypto.

discussing stop losses will indeed be difficult to discuss, because many new traders still like to avoid it,
even though how important it is to stop losing in the world of crypto currencies, yes it is very important!,
put a stop loss, and you will be safe from long bearish!

No, it is not that difficult because that will depend on how the trader will react based on the market situation. Many new traders will not apply stop-loss because they hope the price will be back to the high price soon so they are waiting for that time. But if they can use the stop-loss feature, that will help them to prevent the losses that cause by the drop in the price. In this long bearish time, we need to have more patient and stop-loss will be useful.

If you don't use stoploss in trading, I'm sorry you might cry later! The market has different ways of hunting stoploses putting confusion in traders mindset if they have not good experience or knowledge on how the market works. I have lose a lots of funds due to my ignorance of not using stoplosses because I was somehow positive about the outcome of my trades, which later end in tears.

Stoplosses is very important to be implemented as a trader except you choose to scalp the market which is sometimes not advisable especially in a volatile market that spike anyhow. Stop lose could safe you of your hard earn money to be gone within stretch time. It helps to avoid unnecessary risks that could affect the total capital used in trading.

Always try and use stoplosses... it's part of risk management!

I ain't to force traders not to use stop-loss strategy nor to discuss someone who is not interested to learn. I know that some traders just ignore the importance of trading, apparently, they are wrong. They never appreciate that much because they once at failure, too sad to end that short but I believe they will turn back using this strategy once again.

Nevertheless, we can't assure that everything will be fine when we use this one. We are still prone to losing but at least we save some bucks rather than losing our entire capital.

When making a trade this is also what we need always make a stop loss this is one of the common mistakes they get the urge to get more to comeback their money this is a mental battle if you want to cut your loss and try again for your trade or just simply holding your position even losing more money. In making a trade I highly recommended having a decision with your trade such as Cross or an Isolated trade so you can limit your risk. Stop-loss makes your money safe. When making a trade always be conscious of having a risk to your funds.

stoploss as if mandatory for traders to anticipate if the analysis is wrong. especially if we cannot always see the market, it is very necessary to secure our capital. sometimes many people do not wear it, and if there is a rally going down they can lose more. but if we can always be in front of the market then cutloss can also be used to minimize losses

Engaging stoploss might be easier and not an emotional thing when your position stays positive but at the same time if your position is near to hit stoploss levels, then it will become a mental battle because you may not be ready to accept the losses. Going for stoploss will be easier when we gain experience; it means trading with stoploss will show our level of maturity in trading.

But this cannot be a recommended practice because continuously watching may not be possible and also market may jump to get more losses hence putting stoploss well in advance must be a good and safer practice.

Its not mandatory as we are not all required to do it if we have a certain goal for future profit and we know what altcoins or coins we are invested with.It is needed by those who are not certain yet of what they plan as well who depend on trading for living. I do put stop loss whenever for some altcoins especially the new ones that I just invested with but when it comes in BTC I just let it and hold as much as I can.

It totally depends on the type and duration of your trading. It also focuses on market analysis and decision making accordingly. Long-term investment decisions usually do not use stop losses if the market analysis is considered appropriate. Again, in the case of short-term investments, if the market analysis is positive, then it is not appropriate to use it in the hope of making more profit. However, stop loss is a very important method in the side-way market. Because in this case, the stop loss method will help you to avoid the possibility of big losses. However, it is not mandatory to use it in all cases or it may not be considered as the right decision.

A stop loss order is an order made by a broker to buy or sell an investment instrument (either in the form of cryptocurrency or shares) when the price has reached a certain limit.  This order is designed to limit investors' losses. For example, a trader buys Bitcoin and sets a stop-loss order 15% below the purchase price.  So when the value drops, this order will be activated and Bitcoin will be sold as a market order. Although many traders associate this technique with long positions, you can also use it to protect short positions.  This means that the trading product that you have will be purchased if it is traded above a predetermined price.

I think you are confusing two different actors in the market, investors are interested in the long term and once they select a coin they are not going to be interested in selling their coins even if the market is going down, traders on the other hand are interested in the short term fluctuations in the market and as such when there is an important decrease in the price they need to set a stop loss as they know that being part of the market when it is going down could take them months to recover in the best case scenario, so depending on what you are different tactics are needed.

Stop loss is important to safeguard our capital but people are having misconception about stoploss because they are ready to hold their positions rather than booking losses at stoploss. What we need to understand here is, stoploss is not only for cutting of a losses early but it will help us to get into another position as early as possible compared to those traders who are trading without stoploss.

When traders are not having stoploss levels then they might need to wait for more time and within that time they might be losing other good opportunities but when you are exiting at stoploss levels then definitely you could find good opportunities to recovery your losses.

good traders with structured trading plan will always set stop loss in order secure their fund. By using stop loss we can make more trades in future, meanwhile if we didnt set up it we could only make single trade only. this is the function of using  money management strategy, we can save our money if suddenly market crash sharply, because no one when it happen. Fud could occur anytime to make market panic.

No plan, NO direction. Traders had come and lost their money because they don't have such a thing. Traders are using the stop-loss strategy as was the most important tool to save from losing their funds.
It wasn't the urge to use this stuff if we are full-time traders but if we just have a limited time to monitor our trades, it is a must for us to consider. I can't imagine what will happen to us when we wake up early morning and all our funds are gone, that something terrible, right? But if we use stop-loss, we surely save some of it. That is how it worlks.

Yes, keeping the open position in negative profits and then watching it with all pain of losses and along with seeing other good opportunities are missing out because of not having enough capital to trade with, must be very much frustrating situation any trader could face. Trading without stoploss must be a failure of money management principles. When we are not having something as per the basics of recommended pro trading plans then we cannot expect good results all the times.

I disagree. Even you are a full time trader, you must go for stoploss orders because I have experienced market situations where prices are jumping in quicker manner and in that kind of situations we cannot do anything even we are watching markets closely.

Trading without a stop loss is bad enough but there are many people that are trading using leverage without it, and this is imply awful as you only need for the market to move a little bit against your prediction and then you lose all of your capital, so to all of those that want to be traders and are expecting to make a career out of it remember to always use a stop loss, I know there are circumstances in the market that will make some of those traders to reconsider that decision but it is simply not worth it as the risk is simply too great.

I didn't have to set it up, because I lost already regardless of bear or bull market. All I need to do as of now is to hodle in order to survive and take my gains for future market recovery. When you're taking chances aggressively, you won't sustain once trading pressures happened unexpectedly.

People are these days having some excuse for not using stoploss levels and one of them must be they are watching market continuously so they are saying that they do not need to use stoploss levels. The scenario you have notified must be the appropriate one for anyone to go for making use of stoploss levels regardless of they are trading all the day or not.

Being aggressive must be an emotional failure due to market pressure. Traders do assume that they have target levels and stop levels hence being aggressive will not impact but when your mind is not in stable state then you may choose wrong signals to enter which could be avoided if you are not aggressive.

That's the easiest way out or you can increase you chances of profiting more buy trading. Your trading here doesn't have to do with profit seeking but increasing your bag. Lets assumed you had 0.2 BTC and already the market is against you if you were to put stop losses and sell but you can used that in your favour by selling now and rebuying when the market dip further.

This isn't to be done immediately but you can observe the market yourself and engage when you see the opportunity like if the resistance level wasn't successful broken which means a retest of the support level is bond to occur, you can take advantage of this by placing a stop loss order, wait for the maket decline then rebuy and having more coins at the end.

This can be repeated on different occasions and if you get your predictions right, you wouldn't have to wait for a full market recovery to be at profit again. As a trader you should be comfortable trading in every market scenario whether it's bullish or bearish.

While the bull run continued, few people remembered about the stop loss. But as soon as the market turned in the other direction and investors began to experience Fomo, everyone begins to understand that it is better to fix your loss than to continue holding a position whose price is decreasing every day. In addition, stop loss provides an opportunity to enter the market on more favorable terms.

This is a clever observation, people became complacent, the bull market had been going for almost a full year at the moment and people thought that this was going to continue forever, but we know the truth, at some point things were going to change and the market will suffer a correction, and just as people left behind the usual precautions that they took that is when the market crashed and they suffered huge losses because they forgot to put a stop loss.

Thank you for pointing that out. While this is a fact, many people still failed to do so and incurred losses and had fainted hearts. And perhaps they are failing to do it around this time as well, which can be due of too much eagerness and forgetting some important matters to consider in doing HODL.

A matter of how long you can take the pressure, for some who treat their money as tool of retirement  investment, they are not being bothered by the market movements, they have their targets and they are willing to wait till they reached it.

While, for those who don't have that much budget fear will conquer them and instead of waiting they'll be force by the current situation and sell their assets even it's still in red,

Stop and loss played big role especially for those experienced traders who knows how to deal with every market situation, using this as a tool to prevent losing a lot knowing that there's always another time for them to recover in case the direction of the market is not favoring them.

I do not know how easy that is to do. I understand that you think some people can do it but it is not that easy and there are many people like me who can't do it, which is why I think we should not even try it. I have tested it before and I sucked at it so now I am not even looking at it, which I think I will continue to do in the future as well. This isn't to say that other people should not do it, if you are capable of being a great trader then go ahead and do that, nobody can stop you from doing it.

However one thing is for sure, if you are trying to do something that you are having hard time understanding then you are going to end up losing a ton of money, that is just simple facts of life. Only go with the thing you can understand and holding is very simple, there is nothing to understand, just buy and do nothing else and that's it, very simple.

They're forgetting it because they're pushing their emotions rather than the important strategy that they have to use. And as they saw the bull market, they're forgetting to take some gains for their own share. While they're thinking that the market will go as high as it can, they don't know when to take profit and instead, they've taken losses so they have to cut loss again if they ever bought at the top without creating a strategy of when to profit.

That’s too bad for them, I mean trading with a lot of emotions are not good and you can’t focus on your strategy if you are too emotional. Cutting losses as necessary, don’t let the market burn all your assets it’s better for you to prevent it at first by doing the cut loss strategy, save your money if you see already the downtrend, don’t wait for any signal as it is already confirmed once it hits your cut loss price.

Stop losses often get hit and then market moves in our direction. That's the reason people avoid using stop loss. If you are an experienced trader, you may avoid stop loss in spot trading but never avoid stop loss in future trading.

That's true until some extent. Trading is not for everybody but at the same time we should put in enough efforts and practice a lot to learn to trade correctly.
Yes we do lose our money in the beginning due to our mistakes but we only learn when we make mistakes.
This is why we should not put huge money in the beginning. Start with a low amount and gradually increase when the profits come in.
Even I had started to trade a few years ago but since I was losing money I took a break and learned more about the analysis and started to trade again recently.
Identifying mistakes and learning from it the best strategy IMHO.

In futures, it's very important to use stop loss. And when you're in spot, you can avoid it if you want to since you're on the spot trading and you're monitoring the markets. That means that you're there and watching the market closely. If there's a sudden rushing plummet, you can close your orders and have yourself stop loss on your own manually.

We cannot blame them but it's a fact that if you're very emotional with your trades, you're prone to losses.

in a trade, stop loss is used to anticipate if the market moves not according to what we planned, with the stop loss the transaction will close automatically, so we don't get carried away with bigger losses. especially if we can't always be in front of the computer, then this can help traders to survive

yeah right, it will allow us to set our target goals, mostly use for short term trading to avoid having a big loss when market collapse.
and it will also allow us to enjoy the short term pump if we also place our sell position for profits target.
the very use of stop and loss option, this feature allow traders to use their time spending with other important
things, not needed to closely monitor your computer from time to time.

Actually investing is one of the two pillars of trading. Trading means buying an asset or coin at the best price and selling them at the peak value. If you are investing still I would suggest you to use stop-loss because although you are banking on the futuristic value of the coin and have invested for the long term, it is always good to have a stop loss in case the project falls off for any reason or there is not enough interest towards it.

Setting a stop-loss doesn't mean you will have loss, if you feel you have high confidence in your investment, then you can set a low stop-loss such that it won't trigger below a particular amount and since you have faith in your decision, it shouldn't go down to that point and if it does go down that low, I guess you made a mistake and stop-loss saved you from a bigger loss.

By now everyone already must know the meaning and it would have been much more worth if you shared your experience of using it or not using it, instead of explaining what it is. The name stop loss itself suggests what it's meant to do.

I trade a lot of coins during a bull run and during those times I use it to make sure if I lose the track of a few coins, I don't end up paying it with my wallet, at least not by too much.

Lots of traders often criticize stop loss function because it takes away the possibility of recovery but I don't know if even 10% of coins that go down ever recover unless a certain Elon Musk is sitting behind to help it.

elon musk only helps shitcoin and meme coins but not all have given a chance by elon so if you are a trader that picks up those kind of coins ,
stop loss can be your best freind because coins like that can rarely recover and maybe those who said that stop loss is bad are only trading good coins because they can recover easily .

in all our trading activities ,Stop Loss is what we need to use as weapon to beat losing , because if not then surely our failure indeed will come.

and Elon is part of Manipulating team and we cannot expect good from this person but total BullSh!t for the whole crypto community and market.

Our losses won't grow when we use a stop loss  and I guess we can't call this a failure yet because this was only small and small losses are easily recoverable .
no one wants to be a failure in their trades because that can cost huge money .
We need to learn how to use a stop loss even if we are sure with the coin that we chose because they can change direction  and then we need to ignore Elon because for his manipulation to get less effective .

Even if I’m holding, I always have my stop loss level because I can’t sit and just holding while mu portfolio are bleeding, I have to stop it and buy back again when the price normalize. In trading, I also believe that having a stop loss set-up is a must, it can help you prevent losing money so do you best to have the stop loss price.

If you hold and have a stop loss, You can have the tendency to forget your holding when it hit the stop loss and also lose the chance to buy at a lower price. In my own opinion, I think it is not a good strategy for putting a stop loss on a long-term holding. I think it is very suitable for other trading styles like swing trade and scalping but In long-term holding, I think not.

I myself will also stop losses if I feel I change my mind to invest in other coins. actually there is no problem to stop loss or stay afloat until you can get a profit but everything goes back to which coin we choose, because if the coin we hold is below the price it should be or the low price is below the average. then we better stop loss so as not to continue to suffer losses and can invest in other coins with better prospects.

I understand it and if you are really adamant about learning and becoming a good trader then you should do it, some people are good in math while others suck at it and same goes for trading as well because there is so much math in trading as well.

I know people who have hard time calculating what is 8x6 and those people can't become traders, doesn't matter how hard they try or how much they study because they lack the main principals requires to be a trader. What I said about buying and holding is for those people, people like me and yeah I do know math a bit more than the example, but I am still not even decent at all and that is why I just buy and hold.

If you know what you are doing, have some math, have some patience, and a bit of money to spend for learning then you can become a decent trader by studying hard, but if you are like me, even after 8 years in crypto I fail at trading so it is not really advised.

Stop loss is the best strategy to secure yourself from huge loss. It is also very simple to apply stop loss on a trade. Just calculate how much loss you can bear. And then place it at your calculated point. If market goes opposite with your trade then stop loss hits and you will left the market. So this is a very useful tools in trading.

If your account size is very small, you will encounter alot of stress because your stop losses will always be hit and you lose money. Losing money makes you mentally unstable so you get confused in the market. this is the worst thing that will happen to a trader

It depends on what I am actually doing. If it is day trading, then I think stop loss is very important to use in a situation like this, so that you’re not going to be running the risk of losing so much money while you’re trading. As for whenever I am HODL’ing, I don’t really bother about making use of stop loss. But I think you still have to put some things into consideration in a case like this , like for how long you’re going to be holding. If I plan to hold for a very long time and I have it in that I want that coin to reach a particular price before I am ready to sell, then I don’t see the need for it.

The best to trade only if you have enough time and effort so you can have your eyes directly whenever you need to activate your trading portfolio .
There are many traders that loves to use Stop Loss but they don't really know whats the outcome because they had been told to use but not how to and what to.
Just be ready to Keep holding if you fail so there are no literal loss but only a waiting time.

Big boys don't bother using stop loss because the market is always friendly to them in term of their experience in the market and number of years they've been trading. Stop loss is not as important as knowing what you are doing and how to cut your risks if the market tend to dance against you. Not everybody uses stop loss when trading cause it might bring bad luck to some people when used.

Their are some of my trades which I don't bother using stop loss because I've already planned my risk and when I intend not to go for a long trade. Like some when I scalp, I don't use stop loss cause it could affect my profits if the market decides to retrace hunting stop by losses before continuation of the current trend. I only use stop by losses when I know the market by is not sure or that okay to ride a trend. I don't also use stop losses when my eyes is in trade.

I believe that depends on what you're doing. If you're trading, then it is advisable that you should use stop Loss. It's about the most effective way one can employ to minimise loss as much as possible. In order to safeguard your capital or asset, then you should use stop Loss.
Hodling on the other hand doesn't require the use of stop loss. All you need to do is keep the coins in a wallet, set a time to sell and take profits (usually months to a few years), and then sell. You don't need to bother yourself with the price movement between the entry point and the exit point

In short, it does depend on your own needs because not all the times on where stop loss would be relevant and there are times which it isnt really needed because if there are some sudden change of trend then

you can easily opt in to hold because once stop losses been triggered out then theres no way you would able to recover those losses compared when you are just on negative you can still recover if you do just simply
hold.

Stop losses are just relevant into those people who are making active trades and not to the ones who do mind about only on long term holds.

I mostly hold and rarely set stop-loss. I set stop-loss for daily or weekly trade only. While for a long-term asset, I never use stop-loss. So, stop-loss is just optional, not really a must to use, it is probably just used by traders. But for investors, it can be a bit useless because they don't target to take profits in a short time.

The Professional Traders utilize mental stops. One of the most reasons professional dealers do not utilize difficult halt misfortunes is since they utilize mental stops instead. The advantage of this can be simply do not got to 'give away' where your halt misfortune is by setting it within the market.

Yes, It is happened many times. When I trade my, I loses many times and holding my coins and finally I gain many times. But, at present, I loses my profit and still hold for recovering my losses. I think, in future, I gain my profit, because I hold my tokens for long term.

BTW, I don't like stop loss. Sometimes, I noticed I miss big gain for it. Stop loss is helpful to protect fund. But, From my opinion It's not a good decision to use stop loss every time.

I am not saying stop loss is useless. But we have to use it perfectly. Sometimes coins up-down much and hit the stop loss, then pump  :)

For potential tokens, I don't think it's a worry if you hold it for the long term, and I don't think you should use stop losses, because our goal is to invest for short-term trading, I think it is mandatory to use it, but if it is hit many times, I think don't be stingy to place a further stop loss, so that the candle has room to move

But even if it's an optional thing to do, you can't deny the power it does to help you prevent the possibility of big losses, yes for long-term people it's not useful but for the short-term people, this is a detrimental thing if they want to last for a long time in trading.

- In a nutshell, you are trading with a hold on everything until recovery and profit, a couple of times you have had a high profit with this style and i can consider this a lucky ratio or you are holding a decent few tokens but whatever the case, I still recommend you take some more time to read about the stop loss rule, this rule may not help you right now with your work style, but it could answer the problems you will face in the future with that style of work.

I get your point.

But it has to be used if you're just protecting your fund and you want to make sure that you won't gain that much in losses. I understand that whenever a trader misses that jump after being dumped.

The only thing the trade has to do is to make sure that he/she has also sets a buying order after the stop loss.

Stop losses is good when less out our predicting about bitcoin and altcoin, almost altcoin price depending with bitcoin, we don't know when many fud about bitcoin and this good way after success buy coin and try to sell order always use stop losses to less risk with much loss, I think we can recovery our money and buy on lower price again, how ever we get chance to buy back with lower price and recovery with how much loss before.

Stop Loss can not only stop you from short loss but it can also secure your coins so In my opinion it is the best one for the trading and you can use this when you don't know about the coin.

Every good trader is clear that Stop Loss is a lifesaver, in my case when I trade the first thing I do is place the Stop Loss and then place the Take Profit, because that way I ensure how much I am willing to lose and not take by surprise nothing.
The important thing about Stop Loss is that it gives peace of mind and that it can offer teaching if the trader realizes what his mistake was, some traders do not use Stop Loss because they are always in the market no matter what, but it is something that you must have a lot of concentration, unless you have a large group of bots that do not miss anything.

Of course this is recommended, but there are many traders who have other styles of trading which is totally respectable. but in my case I usually go for the traditional and well-known style, which includes the correct use of Stop Loss and "Take Profit"

In current situation of crypto industry stop losses should set because a person can buy when the value is low. For those who kept for long term hold they don't need to set stop losses is it does not worth for long term holders.

Answer is very simple if u want to hold for long term no need of stop loss. I will recommend you not hold your longvterm coin on any exchange. Trustwallet or metamask or any wallet you can used.
If you want to take a short profit than stoploss is mandatory. Sometime market crash little and you can loss much.

Suggest about hardware wallets too, they're one of the best in terms of holding for long term. I've been doing that for years and never had any problems.

But those wallets that you've mentioned, they're also good if you don't have the budget to buy for your own hardware wallet. A market crash can literally make you fall into more losses if you've diversified that much.

I think your suggestion is very appropriate because at times like this we have to admit that many people around us are naughty, not just hackers, so if you propose a hardware wallet, it is the best way that can be used even though it may cost quite a bit to own and use it. saved is also not much, causing them to look for alternatives that are also quite good.

maybe metamask and truswallet are very good wallets and accommodate everything we might do later. it all depends on what you have in the end and how much you have to save.

Those wallets can accomodate to keep your assets there as you trade. But if you're taking profits and you're wanting to secure them.

It's best to put it on a hardware wallet and there are a few trustworthy that has been tested by time.

https://bitcoin.org/en/choose-your-wallet?step=5&platform=hardware

Traders do have plan as always for stop losses but there are individuals who still got mistakes over not setting stop-loss but ain't most of the time, most traders have stop losses in them. For HODLERs they tend to do the DCA method since they are into the long term and they doesn't care enough for short term price actions.

The average stop-loss is applied to short-term trades they will always worry if a decline occurs suddenly because no one knows the prediction so it is very necessary even I often do it.

I often use hardware wallets as crypto shopping bags, where I have found a coin point that will be held for a long time so that is indeed the best way with our hardware wallet, it is much safer than the word danger as long as the private key is still safe, and that's one factor assets are not lost.

Maybe a holder will look at the market once when some positive news comes along.

A holder also speculates the market. He may stop his losses if he wants to and convert to stable coins for a while before his entire assets goes into losses.

It doesn't mean that he just have to hold but he's also free to cut losses if it's necessary. But most of us holders, we literally wait until the market is favorable and most likely accept whether we're in losses.

Risk management is key and stop loss is part of risk management, so bad I got burnt many times trading without stop loss before I got to learn my lessons, at first I did be in profits and refuse taking profit which could be seen as greed and at the end I did close the trade at loss, later learnt to control my greed but never learnt the most important which is managing risk, the last big dump which happened took me unaware and I almost lost everything so I vowed never to  trade without stop loss.

Due to the market high volatility, stop loss is very important for a trader, as for me, I trade with less than $1k, so it doesn't really affect me because the market won't really get to me that hard as I hold for a while before selling of for some little profits that comes out at any given rise in price.
Well, as a big time trader, taking advantage of every deeps and bulls of the market gives room for profit and that is why the stop loss is of a very great importance to keep you at the safe side, so as to take you out when your expected analysis doesn't go in well. Fundamental analysis always have it's effect more than the technical analysis, though in crypto world, they go hand in hand.

Stop Loss is very important in doing trading because it stops you from getting into loss which is quite beneficial. Whenever I get into it I use stop loss for many of the coins which prevents me from much loss and even i didn't get that much loss. I prefer for every trader to user stop loss.

Stop loss is a must. No stop loss can only mean that you don't have a trading plan.
HODL is also price sliding within your plan, don't be too naive buddy. If you can think that your Bitcoin will not be traded for 3 years or more, this may be right (many people have proved this)

Man, there is one thing you should keep in your mind. There is no plan to stop loss, it is very dangerous.

Stop losses trick is a request to a trader to purchase or sell a specific coin at particular cost once hits that price. A stop loss order is used to keep broker's risk on a safety locus to a minimum. A stop-loss is outlined to restrain an investor's misfortune on a security position.

If you keep trading at one direction like keep buying at dips and then holding for considerably long duration then probably you will never need to go for stoploss. Stoploss is heavily needed only for those traders who buy as technical things and when their technical fails (due to heavy market fluctuations, we can expect our technical analysis make get failed time to time).

Trading without stoploss levels might lead to complete liquidation of your account in the end hence you are right but bitcoin may not keep falling forever which might be the reason why long-term holders are never bothering about stoploss levels.

I do stop losses, but in one condition. If I am down until the threshold I have made before(for example 10 - 15%) AND I have other coins that I think is promising at the time I would like to do stop loss then I would change the coins to something else. No matter what it is, it depends on the condition itself. There is no absolute stuff on trading.

Yes, I agree. In trading stop loss is a tool designed to limit the maximum loss of a trade by automatically liquidating assets once the market price reaches a specified value. There are multiple types of stop loss that can be used in different scenarios depending on the crypto market situation. It can sometimes be difficult to avoid loss due to the many possible market outcomes, but stop loss can be helpful even for new and inexperienced traders. Stop-losses are essential for risk management, traders can calculate what position size to take and how much money to risk in a single trade. Stop losses is a technique for you to avoid a big losses in trading and I think it will help traders to survive especially to all the newbies that doesn't know yet the technique on preventing having big losses.

I believe is least founded on my estimation then I simply hold. Generally I do that when I purchased utilizing single amount procedure and for long haul. Then, at that point, on the off chance that you decide to hodl you needn't bother with a stop misfortune aside from you wish to pull out then purchase a greater amount of the plunge when it continues to go down. I trust the people who frequently lose should utilize this so they don't lose a lot.

I do the same, I don't cut my losses when I trade with BTC and ETH, I simply move bought coins on a side and I wait for some uptrend, which comes sooner or later for these two coins! I rather do that, and I buy more when the price surprises me and make a dip! Cutting losses is like scalping, or at least I see it like that! You stop losses and you wait for the price to dip to buy, and that can happen or not, my short-term predictions were mostly wrong (more losses than profits) and I stopped doing that for that reason! As you say focusing on long-haul is better in my opinion, and it's more profitable for me!

Occasionally I have some investments in some alts, when I trade with some of them I like to use stop-loss, it's when I am not completely sure in the specific alt, and I don't have enough time to monitor the price movement... saved me a few times pretty good!

Stop losses on, If you decide to trade, trade with big capital or invest with huge capital and don't trade with only one coin, trade on different coin both Bitcoin and altcoins after you have did a good research about coins. And you should also learn how to hold some coins, so such coins you  hold can pump and after pumping you can sell to recover to stop your losses.

For a trader, this is a really important tool. Without this, it will sometimes be quite difficult not to lose money in the trading process.

I always set stop loss whenever I enter into trading, as it has the satisfaction for not getting into more loss. So, I also prefer to all of the traders, mostly to use the stop loss as it has not only stopping someone from loss but it prevents also from more loss, try to use this trading best feature to get into profit and do it.

Loss and more losses are same thing technically when you are not good in technical part. Develop a strategy which never requires any stoploss (I do not mean that you never need to go for stoploss but you put it always but it should never get triggered). I mean even many small losses by triggering stoploss may get you into bigger one over the time. So, stoploss driven small losses will not ensure your success.

With very staring technical analysis, we can get up to 90% of profitable trades and the remining 10% may get us small losses means then we can be richer in 6 to 10 months of time. When your technical analysis is not good and even you exit at stoploss levels then you may lose all your capital in one to three months of time, considering you set stoploss by 3 to 5% of your capital.

I think stop loss is the best than holding if you get huge loss. Stop loss is a very useful tool in trading. I think in every trade stop loss is necessary. If any sudden pump or dump comes in market, and you got huge loss. So, prepare yourself before any sudden action in market. So, place stop loss in every trade is a good decision. Because crypto market is highly volatile market.

Stop loss will not only let you reduce your loss but at the same time, if your trade idea was wrong and market hit your stop loss, you can also re-enter in the opposite direction and make money. Without the stop loss, you will either end up liquidated in futures market or keep on holding the assets in losses for long term duration.

Stop loss can't work effectively, and several stop loss events I've experienced resulted in losses without further consideration. In deciding trades I pursue profit targets. So holding is the last option I will do if there is a big decline.

You can never say for sure how the loss came or will come. However, in some cases, even a small loss can be recovered. You just have to be more discriminating with the help you render toward other people. You should not enter the market and trade in a hurry. Before trading, you need to know the price of the coin, its position in the market, its volume, and the transactions on the exchange.

This feature still in the traders hands, like what you have said having this tool in your trading position will have both good and bad sides, if you anticipate something that went wrong the tool will automatically triggered to avoid having huge losses, this setting also have a bad side since we are inside crypto where volatility is really hitting our position, quick dump and very fast recovery will lead us to lose.

You need to understand well in order to use this function. In effectively bring you profits, or just to favor your side whatever direction the market will go.

Don't stop doing your DYOR and make sure that you analyze the market before setting your stop-loss functions.

Losses are inevitable and your profitability will really vary according on the action that you had made and we know that stop losses are really useful when it comes to shorting or making active trades then its up to you whether you do cut loss or wait up for some recovery.

Not all are really that fan of using this tool because once you had sell then thats considered to be total lost unless you havent sold
your coins then thos arent considered to be total lost.

It would be only good for those short trades or who do trade actively.

Stop loss is necessary to prevent losses while you do trading. But once you HODL, you don’t really need to set up a stop loss because you are watching the coin.

In carrying out execution actions in the market, of course, we must have prepared a framework, possible market scenarios that will form, so that we can calculate the possibility of profit and possible loss. from there we can state that the position is feasible to trade or not. and after that we can place pending orders and place TP and SL

Obviously you can stop losses. If you a trader then you can do it easily. In the future trade stop Lossing is an important but spot trading and holding not a mandatory .

I never use stop loss, because I always pay attention to the trade that is being made, if there is a drastic decline in the market for the coin being traded, you can immediately CL

Stop loss is the lowest price limit value specified to limit losses. When the price movement touches this value, the system will automatically close the order or position. Because by using this Stop loss, traders are able to limit unwanted losses, if the losses that occur are too deep, then traders can limit the losses that have been determined.
Determining the stop loss is far more important than determining the profit target. However, ideally you can use a method of determining stop loss or loss limits depending on the trading system used. Usually there is a stop loss called the close point and far point.

Crypto trading requires a lot of skill and technique to engage in. In almost every trade I make, I set stop loss. Staying in a dip till it go back up is not really a smart move for me. But there's no need to use a stop limit if you made the right purchase and at the right time.

Forgetting a trade is a major advantage of stoploss because when you enter a trade sometimes you get carried off by sleep or you are busy and instead the market will go far against you and eat your balance so much, it will stop at the point where you set it on, so it is good using stoploss. When you don't recollect stoploss safe you from disaster in the account.


And the dip may not recover you up in the market until your account is stretched out and wiped out. This is the reality of not using stoploss . Any trade can go wrong but stoploss protect your account.

With the losses you've had so far,you should have known your weaknesses,where you are failing,what you are doing that is making you experience losses.
Those things that you have noticed are the things you need to work on,you need to try to correct those mistakes you made.
Research more than you do before.There is need for you to research more than you were doing before,because the market is dynamic,it changes with time,so you must adapt to the new changes to make profit.
Learn from your mistakes,and learn from people that are also experienced in the field.

It may be different my friend.
Did you experience the covid-19 market collapse, everyone buying the dip then thought they bought at the bottom but the more they buy, the more the crash comes in surprise, it was after the disastrous sell off many even realize that it was due to panic, some stop-loss weren't even triggered.

In bull run, there is no point doing to techy things to make money in this market buy using stop-loss but taking off profit should be your outmost priority. Don't try to trade Shiba coins though.

I am also not using stoploss orders but I am not into active trading but I am a mid and long term based trader.
Sometimes I go for short term trading but when market is going against my prediction then I will simply convert my short term trading to long time holding this way also I am not going for stop loss order.

Continuously watching market and then cutting losses at required time is not my way of trading because I am into my regular job and only for very short period of times, I am able to trade so I am going for long term trading which never need me to watch market continuously.

Take profit and stop loss is one of the most essential tools we must use because some of us dont want to handle too much time with their trade and just wait for the right time to reach the designated amount we set in TP and SL. Sometimes doesn't have this feature makes the trader merely focus to their trades and it consumes too much time if you didn't make it with the right trade there's a possibility you get hold until the prices reach again.

The stop-loss is better as there is a lot of manipulation now in the market; therefore, if we put a stop-loss then we can avoid huge losses if we do spot trading, I think to stop loss no need sometimes market dump 10% and after hit, our stop loss again pump, which in this case  we face loss

A stop loss is very essential appliance . So many users of crypto are utilizing this appliance to reduce the chances of losing money. Stop loss are of numerous sort which can be utilize by keeping the circumstances in mind. It is beneficial in the case that the user choose a limit below which they cannot afford the loss. So when the price reach to that value it will be automatically sell before going to further loss.