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Good day fellow traders, I'm thinking of using stop loss order in my trades, can you give me some advice how you use your stop loss order?

There was an article for that at steemit https://steemit.com/trading/@jaggedsoft/how-to-set-a-stop-loss-on-bittrex (not mine)

So lets say you Buy ETH at current price of 0.0555
You will be on vacation or will not have access to your computer or internet to monitor the price of ETH for next couple of days
So what you did to ensure that you will not be surprised when ETH price dropped to 0.04, you place a Sell with Conditions
You choose Less than or Greater To and set the price to 0.0541 ETH so if ever ETH price dropped to 0.0541, it will trigger the system to Sell at your desired price without you logging in to your account.

The link I posted above have screen shots so you will better understanding of what I am talking about.

if I use stop loss by looking at fluctuative and TA nalisis coin to determine stop loss
if the coin is fluctuating monthly it is not too big and coin is coin with big vol usually i put stop loss at 30% below my buy price
for coin with high fluctuations every month I decided not to use stop loss due to the small volin coil is relatively very strong fluktuatifnya, from my experience is stop loss in low volum coin could stop 50% stop loss and re-bounce price that makes you loss

Stop loss is should be to use whenever you make open potition, and so far not all crypto exchanges offer this features. Some exchanges that has this function is Binance, Bittrex, Okex, Bitfinex, Gdax, Bibox so its better chooce one of them. To set stop loss in Binance you have put price in the STOP price higher than Limit price, for example : bought ETH at $ 320, so in the Stop price : $300 and Limit price : $299. This mean when the price going down to the $300 or below , your price $299 wil be going to orderbook and filled.

Do the stop loss on selected coins only which are more or less trusted in coming back to higher levels. There is no point in using it on every other coin that you see in the market because that will bring more loss to you. In such bear market this is even most difficult task ever to do the stop-loss trading so make a note of that and then only jump into the market with this strategy.

For stop-loss I am putting my loss order at -10%, and that is being decided on the stuff like how much I have put up into trade, what type of coin it is and how much I am afford to loose. And for the profits again depending upon the coin I will have it set on 10-25% max profits.

Because high volatility of crypto  and the price is nearly unpredictable so use stop loss is apart of risk management in trading activity to avoided big loss.  To get stop loss and trailing stop feature we have to chooce trading platform that offer that, because not all trading platform have that function. Metatrader is one of the trading platform that offer stop loss and trailling stop and easy to use it, and some crypto exchange that offer stop loss function is Bitmex and Binance. Good stop losss management is 1;2 that mean if stop loss 5% the take profit will be 10%.

For most traders the decision to put a stop loss is an uncomfortable choice, because it means they have received the loss, but traders have the right to determine the trader strategy that is suitable for him. For those of you who want to use stop loss to control risk of loss the first is to put a stop loss on forex, the choice is manual or automatic stop loss, then determine the price level

Back in the day when I used to trade stocks, I've never used stops.

However I ended up holding losing positions way too long so decided to see what stops are all about.

So I decided to use them for all my trades and I found out that almost 50% of the time, my stop gets hit and the market reverses in that moment. I thought I was getting scammed almost.

However turns out that if you put your stop in a common area like yesterday's low or at a nice whole number like $6000 or so, these will usually get targeted.

Hence you can use stops but they need to be unique so you don't get stop hunted.

I think about 5% seems like the logical place to start. I do not like to use stop loss too much because I usually cash out what I earn from bitcoin payments and keep couple hundred bucks in just in case for future emergency and to be honest it doesn't really change all that much if you have couple hundred bucks and the price drops 10% or so. That is at most 10-20 dollars loss for me, I should not react to that.

However, if I had a lot of money than I would have used stop loss at 5%, if I lose 5% than I would want it to be sold and try to rebuy it at a lower value to make it worth while for my losses.

When I open a trade, I have in mind (for technical or fundamental reasons) two things, success or failure, represented by a target and a stop loss.
The target is hit when the market behaves the way I predict, the stop is hit when the anticipated scenario doesn't happen, when the original analysis is faulty and and becomes obselete (e.g. in TA, a volume break of a resistance area, the holding of which was central to my strategy).
Risk/reward is a vital consideration when positioning both closing trades.
E.g. if A is a (long) entry level, B the target and C the stop, then I'll usually only consider it a good risk/reward trade if B-A>3(A-C). I find this criterion also helps prevent over trading.
I'm wary of leaving stops on platforms because of hunting and flashes. This means operating them manually, which requires a certain amount of self discipline (and time).

great point about risk/reward. i also generally aim for 3:1 or better. lots of new traders are so anxious to get in and out of the market, they overlook basic planning that ensures a profitable strategy.


in my earlier years, i was the same way---and i still am sometimes. but i've also found that automatic stop losses can help cut emotion out from my trading. they kill the temptation (or actually, the ability) to let losses run. to each his own!

The most basic strategy would be to place it x% below an entry. You can then do a bit more research and adjust stop loss acording to the market volatility (you want to make more space for price when it jumps up and down wildly) or use so called trailing stop loss.

The golden rule for me, if you are confident enough in your style of trading is to set a stop loss for a -1 loss, and aim for a profit of +2.

With this risk management, you need not even 50% successful trades to make money in the long term. The hardest part is to stick to this rule at all times. There are thousands of reasons why even the most experienced traders like to deviate once in a while from their risk management rule. It takes mental fortitude to be a good trader.

Actually, it is one thing to put a stop loss and it is another thing to know where you should be putting a stop loss as the case may be. At the end of the day, everything still balls down on the strategy of each trader and what they tend to look at, at every point in time.

One thing with not using stop loss is that when the market tend to give more signals to go lower, and if it ends up going too far, you will just end up holding till you are able to get back the profit and that could take a while, but instead, with stop loss, you could have been able to buy more at a better position and as long as people do not get this, they won’t understand the importance of stop loss in trading.

Stop loss, you should buy when the penny fell sharply, which is the best way to reduce your losses, if you sell them you will lose more, buy in and wait for the market to recover soon.

Stop loss has its pros and cons, It is better used when one is not sure of the next direction of the market after entry and it is better in a bear market where there likelyhood of market falls even when entry seems right, just place a stop at a relatively comfortable level, it could be annoying that sometimes the loss could be taking by a sharp drop in trade which my quickly reverse and then, trade has already left the zone. It is not to be used in trade always though

Place your horizontals, look at the EMAs, SMAs and Risk:Reward ratio, then find that sweet SL place(usually an area) not really a single line, so you might wanna give your trade a little bit of breathing room if you understand what I'm saying. Always look at higher timeframes to get the overall picture of the markets. ;)

Stop loss has always been a challenge for most traders but that is simply because they did not learn how to manage that in the course of their learning. It is not just for cryptocurrency as every market is volatile and it is just the level of volatility that differs.

The thing so many people always fail to realize is that, even with TA and FA, things can still always go awry and even though they give you a possible direction of the market, that certainly does not mean, that is all you should focus on, but you also have to take into consideration the aspect where things go in a way you do not expect and this is where the main focus should always be on for anyone who wants to manage risk.

usually, what I tell people is that check out your risk and reward and make sure the reward ratio is more, and in that case, you will at least be able to make tangible decision when it comes to placing stop loss.

I try as much as possible to find some level of support, check price action on this support and set a stop loss few percentage away from the support which most times is not always more than 1% and with that, I am able to rely on the reward coming up with something substantial based on my signal and if peradventure things do not go as planned, I activate my stop loss immediately without any questions and wait for another favorable condition with respect to my strategy.

I usually place my stop loss double the percentage that I'm aiming to profit. This is to give my target for profit a better chance to get to it.


Yeap, is a matter of choice  ;D if someone knows about it and decide not to use it, it is still good but to the detriment of the person.

did you think of the automated trading software? I made very good experience working with such.

it's very good for you to do, because the loss order is very detrimental, and it's better for you to hold or buy a cheap price like this and hold it until the price goes up.

That is actually going to be something that is applicable more when you are day trading as that gives you an edge on the level at which you end up accruing based on your strategy and the risk reward ratio.

However, for long, short or mid-term traders, I would say the 1:2 Risk:Reward is not something that would work. Certainly I look at more reward than risk to be able to help cut across in all my trades and make valuable profit.

I am not an aggressive trader anyway and i do not take unnecessary risk and this helps me to find a pattern, trade the pattern and stick to my strategy and as long as I see that the reward based on my signal is far more than the risk, then I take it, it does not necessarily have to be 1:2.

Personally, I place a stop loss at some %age below my purchase price if I am not sure of entry and expect a moon from my entry, this should be the maximum loss I could accept in case market goes against me.

Stop loss when implemented is the reason why you will stay long in your trading life without experiencing constant drawdown. Stop loss points should have come out from your trading plan. As a trader you must have a plan for every trading day. Part of this plan is how many points will i set my stop[ loss and my take profits. These you must have determined before you enter the first trade of the day. You must have the will to  set the stop loss which is always the problem.

I think each case has own stop loss point. It depends on your acceptance and knowledge. But I think you should give the choices quickly and clearly. If not, you will waste your time

Stop loss is good if you have an options to recover your losses.But if not better hodl.But for now i dont use stop loss because i don't do day trading.I feel like more risky to do day trading.To less risk i pick coins that is good for scalping and midterm trades.

a lot of discussion about that might be able to look for it in google or youtube article is very good if you want to reduce losses when the market is down. maybe this can help you find some good videos
https://www.youtube.com/watch?v=KQW2x86BH1U
https://www.youtube.com/watch?v=ra9dKSyviLM&t=294s
https://www.youtube.com/watch?v=nZeavIuaXrA

Its good for a starters but in my opinion it does the minimal one should do whilst trading. Nonetheless, its good to familiarise yourself with such technology since it will become more popular. They can earn you some money.

Actually im  not an expert when in terms of how to handle a  trades  loosing especially in this situation now thats crypto market is struggling bearish situation,otherwise loosing for me is a part of being learning especially in situation a doing trading thats sometimes we must take the risk in order to measure the capability of what our experiment,but one things we should remember like warren buffet said that do not test the depth of water in two feet,thats means to me that in the investment  we must test sometimes  the failure in order to learn,but we must analyze the trading day by day so that in the future  we could not commit mistake and could not commit again a loosing in our trading investment.

Anyone here that is trading without stop loss is making a big mistake. I have seen a lot of traders, especially new traders, who trades without using stop loss and at last they will start looking for what to blame, while they are supposed to be blaming themselves for not setting their stop loss.

Not setting up stop loss is the worst  mistake a reader can ever make, because you never know when the price will fall. So urs best to setup your stop loss so that you don’t lose too much of your money when the price starts to fall. There are already lots of links here, don’t need to post more.

Stop loss management it is a main part of cryptocurrency trading. if you don't know how to management in stop loss trading I think you can make a profit in your trading. When you want to go outside on that time you should create a stop loss trading. Without stop loss trading nobody can't better trade with cryptocurrency market. There are lot’s of people know about cryptocurrency trading.

I have gone through the entire posts on this thread and I can say the knowledge gotten is gold. Just one question I have in mind, how do I place trailing stop losses and by what margin do I it to stay in the trade please? I've heard difficulty with this.

In fact, whatever you do, you will not be able to eliminate losses at all. All you can do is minimize it.

Here are some tips for avoiding loss in trading.

 » Use stop loss
There is a dilemma that traders must deal with in trading on cryptocurrency, when their position touches stop-loss prices return to the direction they have predicted. But when stop-loss is eliminated, the market makes a bigger floating. When trading don't ever hesitate to use stop loss, if your instincts say so.

 « Cut-loss
Releasing 1 wrong or wrong analysis is highly recommended to be able to trade better in the future.

the best thing is the use of stop loss is done if the au knows how to use technical analysis, so we can know what number to support the coin that has been analyzed to avoid loss or buyback

Stop loss is a trading tool that could save you from serious loss when you are offline.  Stop loss can be use to prevent yourself from unavoidable decline when there is sudden sharp decline in price in cryptocurrency market.  Stop loss is easy to use,  you can already see it in drop down options on your exchange where you type in the price of your order!

Are you sure? Its seems you havent test out to trade on different market conditions.Did you already have the experience on using a stop loss? How many times it being triggered or eaten up by price volatility?
Im a trader but i dont set up stop losses.Why? because you wont able to to chase up easily on what you have lost once that SL is hitted. unlike on having a free or open order you can simply wait up there might be a big risk but i can still embrace it.

for margin trading I only use Bitmex

Trailing stop + sign for long and - for short

Ex. present price 6600USD, if you set +10 or 10, you can only do Long position and will trigger at the price of 6610

with -10, a Short position that would trigger 6590

I would suggest to take the testnet before doing an actual trade on this, as there were times that trailing stop wont guarantee an exact price expected

 

If you’re one of those investors that watch their screen all day,you don’t really need to use a stop loss. Another thing you need to know is that these orders are not free, so you should watch out for the hidden fees. And as for how it works, let’s take for example you’re trading $100, you should set your stop loss at $95 and once it gets to that it will automatically have your position sold.

The use of stop losses have its pro and cons, It is preferable used when one is not sure of his entry but coin is obviously mooning, just set the stop loss below entry value and adjust upwards as price moves. The annoying aspect of it is where one would have placed a stop loss and a very sharp drop would sell it and eventually price doesn't fall but keeps head up

1. Not Determining your Stop Placement in Advance
2. Placing your Stop Based on Arbitrary Numbers
3. Moving your Stop to Break Even/Marginal Profit ASAP
5. Never Moving your Stop

stop loss is good if you want to protect your capital and profits placing sl is not easy in volatile markets there will be high chances that sl will be hit we cant keep it to far also i think its better to place sl for how much risk we can afford and trailing stop loss is very difficult  

Stop loss must be adjusted to several things such as the market condition of the coin, your ability to accept losses and many other things, if you are not too brave enough to take risks and you want to keep your capital from falling more. you can stop loss in the range of 10% drop, but adjust also to the market conditions

Managing the loss is a very important in cryptocurrency because if you do not know how to manage the loss in the business, it is useless how good you invest and have knowledge about the technology you are dealing in.

Use stop loss is must be for very trade  and for all trading in all asset.  Stop loss should be less percentace than take profit,  for me I always use stop loss in crypto trading with stop loss 5% and take profit 12%. For example if I open 10 times trade and I loss 5 times and then make profit 5 times too,  so profit - Loss = I still make profit.

Now wee see the importance of stop loss management. If you do not use stop loss and get out at the right time this could happen to you all the time. We didn't ever expected this to happen and we were looking out to a higher level instead of going down. What happened was out of nowhere when a whale sold all his coins and got cash to pay someone and this is the result we have.

If you ever want to get out of this type of trouble in the future, buy your bitcoins and than put a stop loss at around 5% or so levels, that way if it goes down you will sell and than you will buy more bitcoins at lower price after the dust settles. That way you will own more bitcoins than you started out. Stop loss is a key feature in trading and specially trading something as dangerous as bitcoin, always use that feature for your best.

Not to disrupt your positivity with Stop loss but this would be only just good to be used for those traders who do aim for longer pending orders but if you
are day trading then it isnt really needed at all. 5% SL wont really be easily hit up unless if theres a sudden news that make huge impact just like on what happened recently.
When your SL hits up then you would need to accumulate even more on lower levels but making another SL and another hit up will lead you to further loss and tends to
recover unlike on holding up your position.

a very confusing choice of course regarding the price of bitcoin and altcoin at this time which further decreases the price again, stop loss or not it all depends on each of us, because whatever decisions we take are all risks we will bear ourselves, so think about using our own speculations and predictions and follow our hearts to make decisions.

In fact, it is a huge must as far as I am concerned, and when it comes to a trader, it is actually a lot more important than when you are entering a trade and when you are exiting your position to sell to make profit. It is this stop loss in the first place that will make you determine your risk to reward ratio before even attempting to hit on a trade. A lot of newbies actually tend to take this for levity and it is always one of the things they tend not to put into practical action when it comes to trading the market, and let their emotions rule them instead, but in reality, buy, sell and stop loss are three major plan of every trade.

When we use stop limit feature for stop loss we can not create sell limit open potition at the sametimes, i prefer to use price condition order that we can use for stop loss and sell limit at the same times. By use stop loss and sell limit order at the same times we can maximum the profit and minimize the loss.

It is not just something important in the cryptocurrency market; this is something important in any market you are trading at all. In fact, before making any plan to enter the market at all or invest in any position, this is something you really want to be making sure you are at least considering to a very good extent and should always be a huge part of your plan.

As long as you have that in place, I believe you should not have a problem at all when making a trade confidently and it is only when you know that loss is always one part of the market, you would really take it serious.

Good choice , I put my stop loss usually between 5 to 10 percents , Of course it depends the amount of your money and also the amount of risk you are eager to take, But don't put it too short because this market is very unpredictable and has a lot of up and down .

Depends on the tolerance. But pick between like 10-20% swing. but be sure to regain it in like 40-50% gain. So if you minimize your tolerance it's also easy to attain those gains.

It is not some sought of prediction but the sign of a good businessman is that he will have insight about the possible rise in the portfolio in a particular interval of time given good market condition so it should not be based on arbitrary numbers.

Basically due to this huge price plunge, I had one of my account liquidated a few hours ago. At first I was getting a little mad and thought "Maybe I should add more BTC to this account to prevent liquidation" but then decided that I should just stick to my original plan and if I get liquidated then so what, but not to get further losses.

And it was liquidated a few hours ago, and BTC is still dropping and if I added to my losses it would of made me lose more BTC.

I know it hurts and you feel bad afterwards but its a part of trading that you need to overcome. Nothing wrong with taking a loss here or there, but getting a 100% loss is not smart and the reason why those happen is due to people who keep adding to their accounts because they think a reversal will take place soon.

Well, market conditions will always change, but rather than adjusting every time, it is always better to have it already planned out before even entering a trade position. Usually for every trader, you try to look out for supports, price action on these levels, the momentum using some indicators and then making your trades.

As long as you buy at support and sell at resistance, stop loss should always be below the latest support, and that is basically something that works for almost every trade. Managing stop loss at times may not be easy, but you just have to discard any emotion when it comes to it.

Nothing confusing at all when it comes to the usage of stop loss. Do you know what makes the difference between a professional trader and someone who is a novice ? Their ability to stick with their plans and never because of some emotions make the mistake of not doing exactly as planned.

As long as things are not going according to plan which you already had set out before entering the trade, it is better to get out and then look out for another entry. I know a lot of people tend to be a whole lot skeptical when it comes to the use of stop loss, but in the real sense, without it, you are easily going to be screwed.

A really big must! Personally, I learned the hard way when I started trading, I let my emotion come into play even when I know I should be activating my stop loss in the spot market, and then before I knew it, the market is busy going down and then I have to wait in losses and that ended up disrupting a lot of my plans eventually.

Plans are plans, and it is always better to stick with them and since I have started sticking to my plans when it comes to the use of stop loss, I guess a lot have changed. Sure, the market may want to move rapidly in some aspect, and then end up activating your stop loss, and then bouncing back, which is a normal thing to see sometimes in a volatile market, but it is a lot better to let that stop loss play out than let your emotion play the best part of you.

I like that! Sight of a good businessman!! Simply put, when you approach trading like a business, you will tend to know what to always do at every point in time without any form of emotion. Yet, people also need to learn that it is not all about stop loss alone; it is about know where you actually want to be placing that stop loss which would basically be part of your strategy as you are buying and selling and in most cases, your loss should never be more than your potential profit.

Stop loss is an integral part of every trade and if you miss to plan it quickly, then the chances of getting liquidated like this will always be there. In fact, the best is to always plan your loss before you entry, as that would give you the chance to analyze your own trade before even making it. Usually, with a good stop loss, and a good plan which in this case, for you to have gotten liquidated, you are simply on the marginal path, so in this case, I would say, you would not have gotten liquidated if you had the right plan with your stop loss.

I think the best way is to create your own rules, when the hole at some level you accept we should cut losses and execute other orders

Handing emotions wont really be that easy in all sorts of things then this thing is really inevitable but in the end our experience and knowledge would really be still also the thing that would
able to handle out this thing because if we are already aware on what are the things we gonna supposed to do. As part of human nature we would really react if our plans had been broken out.

usually I use stop loss to limit losses if my prediction is wrong, stop losses are very useful in the field, but not all exchange crypto currency have this feature, so you better choose exchange which has a stop loss feature.

One important part of the trading plan is risk management. There is no trading system with a win rate of 100% so that without reliable risk management, traders will find it difficult to achieve their success targets. One application of risk management is in determining the risk that we dare to take or stop loss.

Typically traders set a stop loss of 5-10% and this helps to protect against large losses in the digital money market

The november 2018 is the time for best practices over stop loss management meantime it is the good time for people who know how to make stoploss management about market
before making any plan to enter the market at all or invest in any position, this is something you really want to be making sure you are at least considering to a very good extent and should always be a huge part of your plan

It is very important to put stop loss, especially in a falling market.  Undoubtedly, the fundamental advantage of this tool is the automated closing of orders. This solves the problem of constantly monitoring the status of the transaction. Often it is the stop order to avoid huge losses.

I have a few words about Stop-loss. A stop-loss is vital to your success. What happens if you are away from the screens and the market goes against you?

You need to limit your loss. There are countless stories of traders who thought that they were too cool for stop losses and blew out their entire account. You see this a lot in the case of trading naked options.

So use a stop loss.

Even if you use mental stop losses, be sure to install an alert to let you know that price is getting to a critical level.

Stop loss feature are put in your trading user interface to give you option of protecting your trade against sudden fall in prices of coin you are trading in.  It is not all exchange that has this feature,  so you should look for exchange that support this!

That's why you should make a plan for this dude. You have to know what percentage of your courage to accept losses. then make it as a benchmark for stop loss. but you also have to look at market conditions too. whether the price will stop falling then go up or not

I can't use stop loss in trading i will set myself free to monitor my coin i'll buy in the exchange to make sure avoid losses, 5% loss plus transaction fees is huge amount of losses.
digital currency is also unpredictable volatility sometimes within an hour their price dropped or uprise focus and quality time to got earn and to avoid losses in trading and ready to accept the risk when comes in trading.

Just purchase your selected altcoin when the value already decrease about 40% and start to set stop loss around 5% - 15%
It's really good in order to prevent more loss , just do it with consistent , you will make enough profit in a month !
Just remember the risk of crypto, the value is volatile !

I am not really good at the trading methods,only I will do long term trades so I didn't understand how to use stop loss but now have some idea about how that method works after reeding few replies from this thread but still need deep research about myself and practical examination to know how it works. ;)

To be honest it is our internal and external fear that make us suffer lose other wise there is no such thing. There is very simple and easy rule in crypto which need to be follow is keep your eyes open and follow the trend so if you see price is down just go for purchasing don’t think about the next drop just have patience and keep in mind soon your money will grow.

What if you already open your eyes but you cant see on where the possible price would go? It wont really be that easy. Patience is a must but even on ourselves would really struggle to maintain this stuff when we are already involving on our investment  specially when we do see it dropping. Stop loss management is a technical limit where you do risk a particular portion of your capital for a short span of time or simply
 the amount you can risk on obtaining something.

Sound like we are the same when it comes trading strategies I'm so weak on that that's why I rather hold for a long-term just to avoid possible loss. You can't control the possible losses on trading especially in day trading, as what I have read on this trading section, even how expert you are you can't hide the possible losses and you are willing to face the possible risk. The best thing here is research and patience in the trading business.

The risk should be lower than the reward, so although we are trade more times getting loss but we can still make profit, for example stop loss 5% and Take profit 12%-15%, so we will still make profit if we getting loss 6 times and taking profit 4 times. Choose exchange that provide feature of stop loss, because so many exchange did not provide it. And better chose exchange that provide OCO order so we can put stop loss and take profit at the same times.

Yes, I think stoploss and selling price are very important in crypto market. I think trading will make more profit than long-term holding.
I often use these tricks and a month I usually earn $ 200-600. It was a great income for me since I knew the stoploss. any trader needs to know the stoploss.

In trading, setting a stop loss, seem to be very important, because as we all know that the market usually fluctuate in price, there is always a tendency that you can lose all your investment capital on a single trade that is without a stop loss. Risk management in trading is always vital and after calculating what your risk management would be on a single trade, a stop loss of ratio 1:2 can be applied, i.e set stop loss at the ratio 1, and take profit at ratio 2.

Stop loss is one of the trading tools one can used in managing trade.  I could remember when I was trading stocks in 2012 and I placed trade and the market went against me but it was stop loss that I placed that help reducing the losses I could have encured.  It is very important for you to trade with stopping loss orders in place as it might not increase your profits but it can reducing loses you may encure.

If you use leverage while trading then you definitely need stop loss. Ans you can set it as 100 pips lower than open price.

If you don't use leverage and keep an eye on your account while having open positions then you don't need stop loss.
Price is always fluctuating and having a floating loss is not a big challenge.of course if you don't have leverage and any rollover charge

I dont find any crypto exchange provide automatic order that we can use it for stop loss and take profit in single potition at the same times, all crypto exchange should be provide it because the fluctuacion of crypto very high. Currently only afew exchange provide stop loss feature, but when we use that stop limit feature for stop loss we can not make sell limit order. Alot of trader loss more than 10% from one trade because they did not use stop loss and the crypto market open anytimes.

but even without leverage, prices might continue to fall from your purchase price? the most important thing is not to buy carelessly when the price is went go down or before the lowest price comes, the key is to buy at the right time, then you will not do a cutlose or stop lose

We should trade naturally, it is much better because we can estimate whether we will experience losses or profits.
I don't believe in a program, I follow my instincts in trading. When we can do that we can fully control what we will do.

There are many ways to place a stoploss order properly. But according to what I did and succeeded, I think we should place a stoploss order about 10-12 units. It's quite effective and I often use that average to place orders.

you should realize how much can you afford to lose for each trade.
that would be your stop loss. if you trade without a leverage and don't afraid to lose it then you can use only take profit.

my advice if the conditions are not possible then you should not force yourself, get out of trading when the situation does not allow it to be better than we rely on the stop loss tool

Most exchanges are now beginning to introduce stop loss as additional features into their platform now and most of them serious make heavy use of this system. Binance offers this service and once you log in to their platform, you will definitely see that option at the top menu.

We also have others great exchanges out there that offers this service such as poloenix, kraken and many more exchanges that I don’t use but the best of them for now is still Binance.

Sometimes stop loss feature wouldn't be executed depending on the situation of the market. Illiquid market conditions are the biggest reason why no one buys, sells the stop loss order and it was executed on another possible price level.

Stop-loss is being used to avoid major loss even in situations where the price for the coin keeps on down falling.
It is always better to set a stop loss for each order we place because it always helps us to calculate the further loss even if the coin does not move according to our expectations.

Stop loss means to sell your coins at a lower price but before the markets completely crashes up. We really need to research deep before setting a stop-loss but is always necessary to avoid over loss.

so that we do not get losses continuously by stopping trading first the best way, because now is the time to hold not trading, especially every day trading

Sometimes stop loss is not used by the veteran traders, they even hold it and i guess they think that it will pump as it dump and will probably it makes more sense. Stop loss is cutting of losses right ? but somehow it is just a regretful decision.

I suggest if conditions like today are better you do not do daily trading because if you trade daily then it will only make you confused because movements that can not be predicted better you apply long-term trading so that the benefits you get can be more.

They say 10% below your bought price is good when you set the stop loss. Because if its 5%, there are times price drops suddenly at 5% then recovers after a few hours specially when the coin is very active and traded heavily. If you have time to monitor your investment and spends most of the time in front of your trading dashboard, I wouldn't use stop loss. I will decide myself when to sell as much as possible. I will only use it if I will not have control of my investments or I am away from my PC or laptop for a day or more.

Use stop loss is apart of risk management, so we should be use it for each trade. We have to know if not all crypto exchanges provide feature of stop loss. Feature of stop limit, stop price, trigger price, price condition is feature that we can use for stop loss and trailling stop. For Margin trading will be more easy to use stop loss in MetaTrader platform.

Day trading can only get one confused when you don’t plan taking profit once or twice and get out of the market, if you have the mindset of taking profit once a day no matter how little without the mindset of getting huge profit before leaving, it should not be confusing, I trade daily and in the history of my trading.

I don’t lose often not because I am so perfect but because I put all my analysis to test first and at the same time take the little profit I can get for that day while still HOLDIG some for long time, so you can actually benefit from both if you play your cart well.

just set a pending order, it is the exchange trading. set the opposite pending order for the same volume and that's it

I always analyze all possible risks and expose it as much as I am willing to lose. Then I follow the coin and if need to move i the stop loss depending on the movement of the coin.

Best option is to put sell order slightly higher than the current sale so that once price surge up your order get filled first and then half the coin at a stop loss order because market volatility can just comeback to bite you man

These exchanges started using Stop-loss because a lot of peoples who are not that aware about trading feels it secure to make their profits come true. Stop loss is usually meant for those who can’t decide whether the coin is going to dump or pump and in such situation peoples prefer setting up stop-loss to instantly sell their coins if the price touches the stop-loss price.

Exchanges have done great introducing stop-loss into them.

When first trading on Poloniex , i did not know if stop limit is feature that we can use for stop loss and trailling stop, so this is my first mistake in trading, because if i know it iam will not loss much money. So learn from that, now i always trading by use stop loss. Trailling stop is very usefull in bull market to lock the profit and we can maximum the profit with less risk. So if you want to make profit with less risk dont forget to use stop loss and trailling stop for all trade.

A stop-loss helps to mitigate the risk by reducing losses when the crypto market falls. There are several different types of stop-loss: percentage, volatility, time stops; full, partial, and trailing stop loss. Each has its own pros and cons. There is no unique strategy and the choice of stop-loss completely depends on a trader. Anyway, this tool is useful and should be used whenever you open position. So far, not all crypto exchanges provide this feature. I read about the forthcoming opening of a new platform Cex Broker (https://twitter.com/cex_io/status/1102941285143506945 or https://cexbro.com/) that supports a stop loss, margin trading and other advanced features. A stop loss is a tool for risk managing, and I assume it saved many traders from a complete crash.

I always use Stop Loss function when I create an order. Once I lost a lot of money and time and I don't want to have such sad experience anymore. I started to use cryptocurrency trading platforms like Fumgo. I set the target there, turn Take Profit and Stop Loss functions on and the system makes everything itself. Recommend to try fumgo.com (http://fumgo.com)

I usually set it to just 5 to 8 percent. Don't want too big of a deficit. Though these are mostly for alts that i trade with in a more active basis like trx and xvg. I don't put stop loss anymore in long term coins like bitcoin and ethereum since i could live with their value dropping 😁

stoploss command. It is very important in day trading. It will help you cut losses from big drops. You need to see instructions on youtube channels.
https://www.youtube.com/watch?v=KQW2x86BH1U
this guy is great. he explained very clearly and very easily understood.

In general, it is a good idea to use stop-loss orders

But you shouldn't use them blatantly and thoughtlessly. To put it differently, you shouldn't force yourself to use them just because it is the right thing to do. They should come off sort of naturally and I'm not kidding. When you force yourself to do something even if it is technically a right thing to do, you will break sooner or later making a lot of foolish mistakes in the process. But when you use them with a deep feeling of doing the right thing without inner resistance, you won't hesitate to push it through when the time comes

Yet to try the option. But i feel one should just learn everything. I invested in PXG few weeks ago and seriously lost 50% of my investment. This was a good experience. Learnt that i should not invest in any coins without studying its background. Now, moving very carefully and picking up the best coins to invest after a complete study of the coin.

indeed, in today's market conditions panic is very common and of course traders must really think about decisions at any time but I suggest to keep trying to hold an asset in the long run to open the opportunity for profit and certainly they don't regret when trading.

Sorry dude, who told you it's the right thing to do? I trade handsfree without a stop loss. The key thing in trading is money management (MM). Make sure your lotsize won't overwhelm your capital while trading, and  don't go in all as seen any trade as infallible, especially forex trading.

stop loss is the most important tool for succesful trader. 2% risk of trading capital for 1 trade is optimal

In general, it depends

Indeed, no one is forcing you to use stop-losses since it is your choice after all (and your money). In other words, if you don't use them, I'm cool with it (more power to you). But that's not my point at all. What I mean to say is that if you are forcing yourself (note the reflexive pronoun here) to put a stop-loss and even if it is technically required (yes, this is the part where it depends, e.g. when you are shorting), you'd better not force yourself as somewhere down the line, you will revolt and then the market will instantly take advantage of you (and your money, yeah)

As a trader you would really specifically using up those needed tools depending on what situation are you in.Stop losses are good when you do short trades but not all the time.
I agree in to your point that this do really depends on general.No one do really forces you out to use it.Neither any of all the technical tools on any platform as long it do helps out
your profitability then it wont really be a problem at all if you gonna use it or not.

Personally I set about 10% stop loss.
It's depend on what type of trading do you looking for.

For example, I'm doing long term investment, i'm using MA 100 & 200 to analysis the chart in order to predict next move

if you think it will be difficult then it will be more difficult everything is under our experience and making it us simplified way and more than this management will always come to you when you spend lots of time about making it simple then only it will be possible

The volatility of a particular crypto will influence where to place your stop, or else you may find potentially good trades getting stopped out if your stop loss is too tight. Also, proper risk management is always a must - a general rule of thumb is to not risk more than 2% of your bankroll on any particular trade.

Such knowledge needs to be there always before placing your calls and putting your stop and loss position, if you are well aware with the assets that you are following you can also adjust if you really sure about what you are supporting, else, trading is too risky know your position and understand what is the potentials before taking any steps.

You can use stop loss as a backup plan especially when you are doing a scalping on a particular coin, it is really a good thing that you can do in order to prevent huge losses. And based on my observation most of my fellow members on trading group on telegram they are mostly using this method whenever they aren't able to monitor their trades from time to time.

Yeah, it's your safety net in case your trade don't go as you want it to. Makes trading a bit safer if you with minimal losses if you'e utilizing this tool. And everyone who's trading should be aware of this feature to avoid massive losses due to unanticipated drops in coin value.

Trading BTC is not really easy, though the long term strategy (hodl) seems like an easy one but can disappoint you if you don’t know what you’re doing. You will have to do some analysis of the market to know if you’re investing at the right time and whether the time will increase in the next few months to come.

Setting up stop loss in your trading is really important, unfortunately for some people they had to learn that the hard way. There are different strategies for using a stop loss and normally what’s some people goes for is what is regarded as a full stop loss strategy.

This strategy is quite good and easy, but it does has its downsides and that’s because if you set an order to sell once your BTC is below a particular price, maybe while you’re asleep, BTC is volatile and it can go down to that price you have set and the order will be carried and before you wake up it has gone back up and above what it was. So in this case you’re still losing. I’ve had such an experience. It’s up to you how you choose to play your game.

Very wonderful tool that has ever been introduced by exchanges, most especially for traders that are not full time traders, I know some traders feel it is not necessary but I guess the people that says this are those that does not set their eyes off the system, so they can easily decide to stop it manually when the loss is becoming unbearable.

I am not a full time trader and it is not many times that I got the chance to sit on my pc 24/7 to monitor trades or even make use of my mobile phone to do so, what I just do is to setup my stop loss and take profit and the system does the remaining job for me.

I don't like it that way, because market conditions are flexible and sometimes change, using stop lose can be your carelessness, when you sell automatically because of stop loss, then the price goes up. I won't do that when I still have a lot of time monitoring the market

i started trading back in 2016 and still i can say that i am not a pro
i insist of not selling my coins when it unfortunately go down below my buy price
2018 was a very hard year for every crypto person i know and it was a year of lesson learned.
now i know the importance of trade discipline and using SL is really a big part of this risk management.

ill share you this article to read

https://medium.com/@cryptocreddy/5-stop-loss-mistakes-to-avoid-bea274857371

I don't put stop loss for my trades in crypto. If you are confident that you are investing in promising projects, it will be back up if it goes down. There is always an up after a down trend. Unless, something really bad did not happen. Compared to other market cryptomarket is highly volatile so, chances are there for loss of our money.

For shitcoins then no recovery would be possible after a dump but for most altcoins then expect there would be price increase after all the dumps happened and come to think
off that not all days are on red there would be always a time when we do see a green candle.About stop loss management,i do make use on case to case basis depending on what kind of trading ive
been engaging but mostly these would suit out on short/day trades.

Chances is thin and every single mistake we've made will having a corresponding consequences, might we losing our funds. We cant be know how long we've been like this and when we be able to see bull run again.
We should be prepared all the times cause our market isn't in stable and prices keeps on moving which could sometime will lead to us for losing.

Right.Using stop loss might give you confusion.If you think you know what you are doing and you have your full trust on your coins you want to trade,then trade them with confidence.Stop loss is only applicable if you are not so sure of the coins you are trading and even don't have more experiences in trading itself.

  Don't be attached by the current situation, it will frustrate you and will lead you to gain loses. Consequently, the current market has struggling the high volatility and it is normally appears in crypto site. We have to be aware the consequences for every decision we made and in order to gain massive profits keep holding and be optimistic for the coming bull trend. But if you doubt about the coins you're holding, then stop while its too early for you.

It is how often to loss in trading and we can't escaped it. We can only minimize this frustrating moment if we are investing potential coins, we need to be sure that we are in the right track and stay focus of our trades even during the bear trend. Nobody could save us but it is our self alone, and making it clearly that we are confident enough of what we doing.

You are not applying stop loss because you are probably not a trader, most traders cannot dare trade without applying stop loss tool, the reason why you find yourself not making use of this tool is because you are in for a long-term investment and you are right, whether the trade goes down, it will always climb back.

If you are then trading, stop loss will help your trade by cutting loss which if you don’t, you might lose money especially when you are on leverage trading. So for me, I don’t joke with these tools and that is why I strictly make use of exchanges that has these tools embedded in them.

Selling now is surely worst decision when we know it well that price will rise and it has already started to rise then there is nothing bad in holding, we should hold our coin, stop loss means we are not sure about the performance of our crypto coin and we are afraid of lose, at the other hand we are well aware of it at market had volatile nature soon it will be high so have patience.

What's happening with MPCX's IEO? 3 different crowd sales concurrently? (OOOBTC, MPCX's site, ProBit)

According to my trading experience, at the moment the volume is very high and the volatility will also increase. Therefore, the stoploss order should be placed at a price of about 2.5% from the buying price.
That will be the best stoploss and if you are more reckless, put it at 3.25% - 3.5%. After the price is adjusted slightly, it will definitely be pumped in 1 week later.
trust me

Stoploss do have pro and cons. To avoid the situation mentioned by you, I normally place stop loss before I go to sleep so if the bitcoin dumps, my stoploss hits and i avoid the big loss. In day time i watch the market regularly and there is no point setting the stop loss when we are actively monitoring the market.

One way or another, the use of such functions depends on how and how often a trader controls his assets in orders.  If the trader practically lives behind the monitor, then he doesn’t need any stop-loss, because he can correct everything that happens online.  But if you minimize your risks, then about five percent deposits can be put up for trading using stop loss.

This is correct which I do the same thing.Stop loss is just being set up when I do sleep or I'm away from my pc which I wont able to look up
with my current open orders and that's the time I do put up SL and with this very volatile market our stop losses can be easily hit up specially
when you set it on a small margin.Always put higher ones depending on your risk management.

This gonna a good practice when you are around this business, stop and loss and be  good tool if you don't have the time keep monitoring your assets, placing this in your system could save you a lots of time aside from that it can execute your trades without worrying that you will missed the exchange
movements, best practice to use small portions of your investment and little by little if you already have good knowledge then you can increase.

Sometimes, movement of these coins can be so fast that if we take our eyes off the trading platform within 1 minute, that one minute you see could mar our trade, and you can’t tell me that a trader will just focus on the PC without standing up at all, at some points, we will stand up to take a break, use the gent and may go take a sit of cold drink from the fridge, the time you decide to do that maybe when the market start falling drastically, and only stop loss could save you against terrible damage. I feel sometime that It is only people who have the intention of being greedy that usually avoid using stop loss/take profit. 

This is especially true if you are a short term trader and you are trading low market cap coins, any moment in which you are not watching the markets and you are not using a stop loss could mean devastating losses, however if you are a long term trader having a stop loss that sells automatically if it reaches that price is not as critical since it only takes you a few minutes to see how your positions are doing, however I will only recommend this to experimented traders since it is easy to make mistakes and there are many things worse in this market than getting out of your position with some small losses.

I immediately put myself a buy order, because in the case of a very rapid fall of these stop losses may not work, so it is better to hope for their hands

For the past five years, I have been doing cryptocurrency and forex trading. There are some rules in forex trading that follow how far the market is going and how far it will go. If you do not know the chart pattern, then you can not get the correct idea about stop loss. There is a website named Baby Pipes where you can get a very good idea about the chart pattern. You can visit the website and acquire the right knowledge about the chart pattern, then understand how to use a stop loss. There is no system called Stop Loss on the cryptocurrency market. Only stop loss on forex and binary trading.