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Got in a discussion with a friend that recently started learning Technical Analysis and then he said he trades without using stop Loss. I told him no good trader trades without stop Loss. I tried to explain to him about the volatility and how trades can go against you especially as a new newbie and you can lose heavily. He seems adamant and I decided to leave him maybe he will learn from his own mistake if it happens. It seems there are also many traders that trade without stop Loss and I wonder how they do it conveniently.

Please share your views on how important stop Loss is and how convenient it can be to trade without stop Loss.

While traders using stop loss are very very common(understandably so), some people simply doesn't like using it simply because it doesn't apply to their sort of 'style'. Always remember that trading strategies are going to vary from person to person.

I have a thread before about stop-loss - One of the Best Weapons in Trading (https://bitcointalk.org/index.php?topic=5173189.msg52086364#msg52086364). It shows how really important stop loss if you are doing trades.
For me, stop loss likely a saviour, especially if you are doing futures market, it will help to avoid liquidation.
And addition, using stop loss should also come with risk management, like risk:reward ratio, your stop-loss should come with a good risk:reward ratio.

Some people are telling that stoploss is a trap, since probably most of them are being stoploss hunted on every trade position there, but they don't appreciate the usefulness of it. In the long run, you will appreciate why stop-loss is very important.

Well for me I think failing to use a stop loss is failing to manage your risk, its all part of risk management!

FYI trading without a stop loss doesn't always mean losing trade, sometimes you get to see losing trades turn into winners because of the trading style or avoid placing a stop loss in the wrong place.

I know some that actually don't because they believe in their analysis and don't mind blowing an account as they can afford to lose, and also believe in going big or go home.


Maybe his a profitable trader, have you asked him how things are going for him in the life of trading without using a SL.

Yes, leave him be as he will definitely learn from this experience, and he will learn to listen to advices.

Stop-loss is important to stop our loses to our desired amount. Although one must not say desired amount for loses, but we are actually the one setting the amount of loss we can somehow accept. The downside of stop-loss is having your trade to be stopped when sometimes it bulls after the fall.

Another thing about stop-loss is it is most advantageous for long term traders/investors who have limited amount of time in their hands.

Stop loss saves me from losing more money, and this one works for me but of course you have your own strategy and Stop loss might not be option for you.

If you don't know what to do when the market dumps, better not to panic and asses your strategies or look for other way that fits your trading style, some don't have a stop loss at all but they remain profitable because they are buying at the bottom price and sell at the peak price.

using or not using SL totally depends on the market you are in.
then, on your strategy and risk management.
 
to declare that if one is not using SL is a bad trader ... hmmmm it was probably right when there was one market out there.

just for the discussion
how do you place a Stop Loss when trading Bitcoin ..
buy price is 49800

SL in 49700, 49400, 49000, 48500 , 47000, 44000, 39000 ?

I trade use stop loss for now because sometime in future trading, it can minimize my loss if coin's price is moving opposite from what i aim. Because in future there are possibility i can lose all my money. But in spot trading, i rarely use it because maybe i think if in spot, as long i am not sell my coins iam not lose. And then afraid if price touch my stop loss price and then pumped again.

Not that many I guess and with the few that don't use it, your friend is part of it. There are traders that don't want to be instructed by other people and that's why they don't listen to the advises of other traders. It's very important and usual to see traders using stop loss but if they don't do that, they'll probably learn the lesson in a hard way. Because they have no way to stop the losses automatically but maybe we don't see them do it manually but that's likely in a panic manner.

And like I did, sometimes stop loss is important for those who hold altcoin. while bitcoin without stop loss will eventually grow again and exceed the previous price. the first thing we need to note is the style and comfort of one's trading varies as said by Mr. @mk4 above. I agree that different trading strategies make the person less concerned with stop loss, as a high level of confidence will return the price making things much more effective.

I have been in the cryptocurrency market for over 4 years and I can say that stop loss is your risk, which you put into a trade. The only moment when you can trade without stop loss is when you enter a trade with a volume of 1-2% of the deposit.

Stop loss is one of the risk management technique adopted by traders to avoid heavy losses. The market I highly volatile and spikes occurs most often. Also considering that news (fundamental analysis) can change a trend at any point one has to use stop loss to limit the Level of loss from the market.

As a good trader losses should be part of your expectations from the market. But you have to ensure your profits coverup the losses

Stoploss is very important if you want to trade wisely. Almost 3 month ago i forget stoploss and when i woke up market dumped almost 40%. Now i did not trade without stoploss. One cam loss big money if did not use stoploss

I think that's very important. But it all depends on the user. Using the Stop Loss feature to reduce losses must also pay attention to the rules of support and resistance. But everyone is different, some are based on presentation, some are based on price. Maybe this is widely used by Future traders, to avoid liquid. Although ordinary traders also use this feature. However, I see that not all markets have this feature.

Stop loss is important for me at least for trading in the future market. By using stop loss I'll know how much money in my fund that I can willing to be used so as I'll trade back with confident again. Yeah, most trading that I do when I found a huge loss I'll not confident anymore to trade and it is will affect to my strategy/analyst.

Unless I choose trading spot, I rarely use stop lose feature when I trade as long as I choose a good coin like bitcoin. Because I'll choose become a holder when bitcoin price is drop a lot and I'll still confident to holding it. Your friend will understand how important the stop lose strategy when he got a huge lose, let him realize for himself.

Damn the self-confidence of not having a stop loss. Even experienced traders are using stop loss to avoid a massive loss or even a liquidation but newbies right now are like try to go yolo with their assets.
Your friend needs to learn how to risk management and how to minimize his cut loss when the current trade turns out to be unexpected. It is a simple but very effective way to avoid big losses.

I've come across people like this in the past. From my experience and observations, I think using stop loss ultimately depends on the trader. Most people just prefer to let their trades run till it becomes super clear that their bias for that particular trade was wrong while others just want to be on the safer side if the trade goes sideways hence the stop loss orders. At the end of the day, it all boils down to personal preference of each trade and what works for he/she.

I never trade without stop loss. Its like an armor in a battlefield. Even those traders that have more experienced needed this tool as the market always make a side moves. If by instance other doesnt use this stop loss, they may do some tight monitoring and cut loss their trade right away if they see some unexpected sideways.

I remembered not using stop loss and liquidated my whole fund because of that.

I think using STOP LOSS is also helping in some other way, and I don't see any wrong if ever someone use it when they do trade in the actual platform anyway. Because its help us to control our loss unlike not using it we might get feel bad and regret if we don't set it up our stop loss methods.

I always ensured that all my trades are executed with a stop loss, I personally knew the importance of using it to reduce my risk and manage my trades, although I trade cryptocurrencies manually thus  setting up a virtually stop loss such that when the price reach my stop loss target I manually close the trade of course monitor all my trades throughout daily and take profits appropriately.

For a trader, especially in the short term, I don't think it would be wise to trade without stop losses, even though there are those who don't use stop losses, but usually they always monitor the market and make cuts when needed.

Basically many traders use stop loss, but there are also traders that is hard headed and never use stop loss even if it is advisable to do so. I believe that a newbie need to use stop loss to avoid losing a huge capital or asset, trading is good way to earn but if you dont listen to expert that has a big experience on the trading field then goodluck for your loss.

I am not sure if every trader is aware of this because I know there are lot of traders that losses big amount of money in trading. But I agree that stop loss is very important. I think the only hindrance to this is if the trader does not know at where or at what point they are going to stop or cut their losses due to lack of knowledge on price charts/ price directions. Will the price go down or will it go up ? Or let us say that he is new to trading so he think that he will regret if he cut his loss now then on the next days its price may pump so he can probably earn instead of lose.

I actually use this strategy but not very often. Because if you are in full-time trading, it doesn't make sense since you are on your computer almost every minute or an hour. What makes this stop-loss applies when you feel that the market will dump and you are not able to monitor it.
But maybe, it was not my style (as mk4 said) and that is why I'm not having fun using this. But if you are just a newbie, this could be important, and this could help them not to lose their money in a very short while.

If you’re serious about staying in the game in the long run and growing your trading account, it’s necessary to use stop-loss orders in every single trade you’re taking. That’s the first rule of this article – Always use stop-losses!

Stop-losses also play a major role in risk management. Depending on their stop-loss, traders are calculating what position size to take, how much money to risk on a single trade, how much they’re risking on any single dollar they’re making, and much more.

We’ll go into much more detail on how to incorporate stop-losses into your trading strategy later in this article. Now, let’s go through the main types of stop-loss orders you need to be aware of.

For me stop-loss is a feature that must be used when trading, because it can save me from experiencing big losses. As we all know the crypto
market is very volatile, so the price could suddenly dump. Moreover, I am sometimes busy with my work in the real world, so my time is very
limited to monitor the price in the market. Therefore, without a stop-loss, maybe I could lose a large amount of my capital. Perhaps the traders
who don't use their stop-loss feature are full time traders, who frequently monitor price movements in the market.

If you use borrowed funds, then you should not have the question of using a stop loss, because in this case, its use is mandatory. For those who trade on the spot market, the use of a stop loss is not mandatory, and if the market goes in the opposite direction from your expectations, you will be able to close a losing order yourself.

You said really well that a professional trader always use stop loss .Its a great option to decrease your losses and give you a high ratio profit always .I think your friend may be don't have much knowledge behind that .He will surely learn it when he will make a huge amount of losses may be he can lost his everything .Its very good to know that you have this idea and you can apply it .

We are not going to argue if someone does this strategy or not, it was their choice and who knows if they are also comfortable without this thing. This stop-loss strategy is just an option to save from losing a huge amount but if we analyze it thoroughly, we are still at loss. That is why some people don't make themselves at ease with this but they choose to have their own of way winning against losses.

Without a doubt, placing a stop-loss can save you when the market moves suddenly in any one direction.

While this is the case, many still don't know how to use it or don't really understand the benefit and go without. It is also a personal choice to use stop-loss in trading.

What I'd like for others who don't use stop-losses to take away from this is that most good traders take full advantage of this, so why shouldn't you??? Something to think about...

You are very right. The stop Loss hunt is the reason why many traders don't use it because after their stop Loss is hit the trade will now go their predicted way. Some people don't know how to read charts and where exactly to place a stop Loss. Have been there and I know the common mistakes they make. Up till now some trades will still hit your stop Loss either you are a newbies trader or pro, the success rate is what is important and it will save you from further liquidation especially in futures.

Everyone is at liberty of choice in stop Loss usage. People who have a large stop Loss limit  most likely will not want to always use it especially if their stop Loss is hit and trade goes their way. It's always painful. They will rather leave the trade and watch it closely.

Honesty, I stop using Stop Lose. Sometimes I miss good profit for stop loss. Stop loss can protect you from high loss, But sometimes your coin will solded for stop loss, then pump again. And that's why i stop using stop loss.

Very, very important 8). But you’re not the only one that have seen such people who are going to argue that stop loss is of no importance, and you did the best thing by letting your friend be, just let him do whatever he wants to do, that’s completely his own business and it has nothing to do with you, but don’t feel sorry for him if he comes later to tell you stories (that’s if shame is going to let him).

I have seen people who don’t use stop loss, I don’t bother asking them why or pressuring them to make use of it, it’s their choice and they can go with it. Stop loss is very important because it helps we traders to stop huge and uncontrollable losses that can happen in this volatile market. If someone says otherwise, then it’s their business, not mine  ???.

You have to stop loss, right? So, by any means, it's very important. Or at least if you think that price will fall and are afraid, then sell short on futures trading.

Btw in reality, there are two things: If you are long term holder, I mean if you can hold your coins for at least for 4 years, then, you don't need to use stop loss function (but still always better to use), even if you buy at 60K because bitcoin will reach its all-time high after halvings.

And if you are a person who prefers day trading, then set stop loss function on some % movement or otherwise I believe you'll hold a little bit more and sell in time when everything is going to move from fall to rise.

Stoploss could really be a helpful tool for those who do trade on very active manner but not for those who do tend for long term aspect or those swing traders because
they are just depending or waiting up for some recovery rather than on making some stop loss which would really be considered a total loss once it had been triggered out
not like when you are just having some open position then you would matter on the price volatility but somehow this might result into a longer waiting game
since we know that it isnt known on when the price would really be making out some recovery but for scalpers then stop loss is really important.

When it comes to stop loss? Then these links would be a good read.
https://mytradingskills.com/stop-loss-trading
https://www.investopedia.com/articles/stocks/09/use-stop-loss.asp

Stop loss is important when you are an active or scalper type of trader.

People consider cryptocurrency trading to be similar to gambling which I also agreed and they can be both frustrating at some point so the trader will need to take some time off or when making market decisions become a problem that's when stop loss comes in.

Therefore, stop-loss strategy is very important in crypto trading but some traders seem not to understand the benefit of it but traders that love to secure position in terms of capital gain and daily holding while not online or when the market next momentum is not certain to make use of stop-loss

For a daytrader, stop loss is very important in order to stop the loss at a certain rate and then use it to get profits from other coins anymore, If it is about the coin for investment, I personally don't set the SL or CL. This is only for certain coins that I play with some suggestions. So
And you may also see the importance of the security season and also there are some ways to stop loss that can really help to manage the lost money.
You may read this article, this is very clear and also interesting:
https://mytradingskills.com/stop-loss-trading

A stop-loss order is an excellent order that allows you to stop a trade if it moves to a certain level. Its benefit is that it prevents further losses and is also an important approach to manage risk. The only drawback is when it is executed and then the financial asset reverses. If you like to be a good trader then you should understand about stop loss. It saves your money to not get huge loss. So for a good and profitable trading stop-loss should be used.

The importance of Stop Loss, is usually very varied, there are many who do not use Stop Loss to stay in the market, for example, if I have a market entry in LONG, I protect this entry with a "Leveraged Short" this forever protect myself against the movement of the market, this is how Jesse Livermore operated in the years 1800-1900, although now there is a lot of technology to do it through bots with artificial intelligence, it has been proven that those who are always in the market are more likely of win.

However, Stop Loss is good to use when there is no similar experience, since it is preferable to lose a small percentage that gives the "Stop Loss" than to lose everything.

It is difficult to be in the market with both operations if there is no help from bots, because each movement must measure the degree of profits and losses, there are many things that must be taken into account.

If you can actively monitor your trade 24/7, you might not necessarily need a stop loss. I have friends that are full time traders, they are always online monitoring the market, some do not really use the stop loss all the time. When asked, one gave a particularly very striking reason. He said that if there might be a fall ( a loss) before there is a massive profit spike in a trade, so if you play it too safe and set your stop loss prematurely, you might save your penny and miss out massively on some future gains.

I hope there is a lesson to learn from this my story.

Stop loss meaning you'll sell when it hit your bottom price and even if you're a 24/7 trader, you must still have this one because this is your guide on when to sell to avoid further losses, and as per the story they still have the stop loss price but not on a dumping market I guess. This one can be considered as your trading strategy, your selling price should still be on your limit so having a stop loss setup is very important for me, I can't execute a trade without this.

Yeah, there are different approaches here being followed by most traders. But, when you're entering a trade you must have stoploss levels in hand is that you can ensure on the event of an expected market movements how much you are affordable to lose. So, deciding about level of stoploss will be a good approach before entering a trade.

I am also never entering into any of crypto trading without finalizing where I'm going to place my stoploss orders. Because, securing my current capital is more important for me than getting new profits.

Stop loss is very important actually for a traders when trading a coin especially if its so volatile. But perhaps mostly full time traders is the one who don't really want to use such stuff, wherien it's because of their own style when it comes to such things in my opinion . What i mean they are really confident without using stop loss because they are in it all the time to protect their profits. And for me usually only those who don't have enough time when trading using stop loss nowadays..

If you can't really do trade for the whole day meanwhile you also don't want to let your asset go down right to the bottom it's very essential but if you really don't care with the dump since you intend to hold the coin for a long time anyway it's not really important.
I personally never liked using stop loss since if I do trade most of them are short term that I could monitor and if I couldn't really monitor the market i'd decide to convert my asset to stablecoin instead.
But, overall certainly very important for people who have more to do than just seeing the market full day.

Stop loss is a temporary greed blocker, which can indeed save you from losing more money in your trading platform wallet. I, myself doesn't use it all the time if I have time to monitor every trade that I entered, I only use it if I'm gonna sleep already or if I'm gonna do something else other than trading. Others use it because they have too many trades too look at so using "stop loss" is really helpful for those kind of Traders, especially in day trading.

Full-time or part-time traders, most of them have to do a stop loss process, if you see some traders who are overconfident and don't set things up early enough, they are sure to lose more because market value jumps very quickly and momentarily, observing and processing after everything has started will be too late, we need to calculate everything in advance. That is the most important point of the stop loss, need the parameters and assertiveness to execute, the delay and the lengthening of the action will make the situation out of control

It seems like your friend is going far beyomd doing things to work by his own and would like to learn things freely. Having stop loss is very important for us traders to somehow do manage our funds not to get into deep loss. But it seems that the friend of yours is still not into realizing how risky it would cost him to trade freely having no stop loss. It will look like a gamble having no stop loss added by the fact if you were just a newbie in trading. It will put you into frustration and deep loss keep going into banging against the market pushing your funds into the full limit. Stop loss is important to keep an eye of your funds not to be totally wiped out in an instant. Ignoring such will cost you to gain loss rather than profit. It will not always worthy to take risks because you somehow need to assess and strategize to last long specially in trading.

Stop lose is what every regular and passive trader will go for but to some other traders if their capital is in a stable coin such as Bitcoin will not border to use stop loose,

 I started trading 2 years ago and at the early stage I know nothing about stop loss but I was lucky I made some profits.

I think your friend is a very brave person who is ready to lose all his capital in a single trade. Using stop loss is one of the safest thing you could employ to help reduce the risk of losing.
I've been trading for a while now and I can tell you I've been able to save myself from blowing all my capital because I never forget to employ the use of stoploss.
Maybe your friend is so good that he's always accurate with his trades and that have gotten into his head that he no longer set stop loss, I believe there will always be that trade that will go the wrong way and only stop-loss would be able to save him and he won't have used it in the trade and he'll lose all

I guess for trading bitcoins, you do not need any stop loss. Yeah only for bitcoin trading and not for any altcoin trading.

When you trade bitcoin in spot markets and when you have confident on the futures of bitcoins then you may go trading without worrying on stop-loss levels. For some traders, stop-loss is giving extra pressure so they may feel comfortable when trading without stop-loss.

Moreover, long term holding is a stoploss-less way of trading in long term ;D.

For every important feature, there is a disadvantage and this also applies to STOP LOSS; stop loss feature is supposed to help traders maintain a low % loss profile on their trades most of the times and it helps saves capital; but on the other hand, some trades do cross the SL before going on to hit TP; which means that the trader has missed out on a potential profit because of the stop loss functions. Its a 2 way thing; a trader should do whatever suits them

When I first started trading, I run just backtest and papertrade for months and one of the most significant things that I realized was what happens when you use stop-loss and what happens when you don't. Stop-loss is extremely significant in my opinion. It is a safety net.

Stop loss is a must. Everyone who thinks to take trading seriously needs to learn to use it right. Also having profit margins and stop loss margins is what is most important. Sometimes waiting to long can make all profit to get lost.

You mean we need to have proper exit point regardless of it will be a positive or negative run of our position in trading? That sounds reasonable. Because I have experienced losses after waiting for more profits. Hence having proper target level also will help very much similar to how stoploss is helping in preventing losses.

Moreover, stoploss is good because it is helping to save time. I am seeing some people who are ignoring on making use of stoploss because they are always confident about bouncing back of market to get them profits but they are enforced to wait for more time. But for the people who exit at stoploss will do other trades and then make profits in comparatively quick time.

Yeah, that is another perspective of using stoploss; so far traders do suggest stoploss for cutting losses early but now as per your point, it seems we need to make use of stoploss to cut down the waiting time. I agree that I have traded many times without stoploss and kept waiting for days to week for market to return. Sometimes I got chances to exit for no losses if I do not consider my waiting time with locked capital.

If I have exit at stoploss and tried another trade on next day itself then I might have saved time and might have got chances to make bigger profits as well.

Stop loss will prevent you from missing the opportunity to sell at a minima loss, so I don’t see any reason why traders will not set-up their stop loss level, well in fact this can be a big help.

Trading is too risky, I don’t want to lose everything in instant and that’s why I always set-up my stop loss limit just to make sure I’m on the right track. So far, I didn’t hit any stop loss because I always take profit every time I see the opportunity.

You know, people who using stop loss is for those who aren't certain what they invest.  If people have research anything about their investment before, once they buy the coin/invested, they never will use stop loss. Instead use stop loss, they will keep re-buy/buy the dip because they knows well what they invested.

In my understanding, you do not need stoploss for your investments but your trading must need.
There are a lot of differences between trading and investment. For investments you need to go for fundamental things whereas for trading you just need on that particular day's technical things so that you could get into profits or cut your losses earlier. It means only technical analysis may give you stoploss levels and not the fundamental things.

The new perspective of using stop-loss levels is, not only to cut your losses earlier but to save your time as well. I am personally never entering any trade without stoploss levels.

In my opinion stop loss is very important when trading, cause it helps us to avoid getting liquidated, in cases where a flash drop in the market happens due to how volatile the crypto market is, stop loss helps us to close our position before we get liqiudated, but if your friend doesn't see the importance of using it, then just let him be maybe that's not his style of trading cause whether you like it or not everyone has their own style of trading so he probably loves trading without any stop-loss set.

You mean under the circumstance of margin trading?
Yes, getting liquidated might get you big losses whereas you can exit with small losses if you're having stoploss level. Moreover you must have stoploss level at the trend reversal point so that it will be serving the exact purposes.

Because, just to prevent getting liquidated, if you put stoploss at random price level then if market comes back but you may not get same level of position because of less capital right now you are having of the stoploss hit. So, your stoploss level should be derived from same technical analysis.

From the word itself, it prevents you to have more loss when your trade doesn't go the way you predicted it. It is very important because some people get liquidated because they don't set it. Just like what happened a week ago when bitcoin made a flash crash from 56k to 50k in less than 15 minutes. Many people think that their liquidation price is too far that it is impossible to hit and when this flash crash happened it liquidated almost $2b from what I read.

From the little experience am having I believe stop lose is very important in trading In trading  after buying a coin make sure you set stop lose to avoid lose of fund nobody can predict what will happen after buying buying a coin and is better to lose 5% of your fund than to lose 50% of your fund. Some people believe that stop lose is just a total waste of money but to be honest stop lose is very important in trading am speaking from experience last year when bitcoin was about to dump I bought sxp coin on binance around $3.5 when the coin dump my stop lose was triggered and I was monitoring the coin the coin dump to $0.7 and I bought back the coin and currently sxp is around $4 stop lose really help me to buy back the coin when the price was very low.

From these kinds of scenarios, I come to a conclusion that for bitcoin trading stoploss is inevitable if you are trading with leverage and if you're trading on spot markets then you can simply hold without stoploss as bitcoin is known for bouncing back these days.

Overall we can summarize observations like this:
We do not need stoploss for bitcoin spot trading when overall bitcoin trend is bullish.
If you're trading any other coin against bitcoin, then probably you need stoploss even in spot trading.

Yes, long term holders of bitcoin are holding (literally long term trading) without stop loss. But, at the same time. I guess they must be having trailing stop loss in mind like if you have bought bitcoins for $50k levels and you might have stoploss levels around $51k levels in mind still you will not bother anything when bitcoin is trading above $55k levels. But, if bitcoin prices are coming down to $52k levels then you will start thinking about exiting with least profits.

I am just explaining how stoploss can be used even in spot and long term trading. But, I must agree that bitcoin spot trading definitely not requiring any stoploss to exit as you can hold bitcoins for years.

https://i.imgur.com/B1elGWu.png
I have attached a picture that tells how stop loss works. And how much important for a traders. A stop loss stops from destroying your whole assets. Stop loss means that you feel that if market goes opposite to me then after that point i will exist from this point. So, it is a very essential tool for traders.

Stop loss is the key to maximize profit or protect your capital. Because we don't know when is the peak of a bullrun. Your friend studying 'technical analysis' without using stop loss is useless. Waiting for market to recover after a drop is a big mistake for an investor or trader. I have experienced it before, I did not use stop loss and waiting for the market to recover is very painful.

Yeah, stop loss is very important to use. Maybe, if you have the guts and strong faith, it's okay not to use it either. However, if this feature exists, why not use it? Instead, it can minimize the impact of losses or risks that may occur later. Because, in technical terms, stop loss is very necessary. If there is no such feature, surely some people will experience difficulties, especially beginners. For beginners who learn without using stop losses, you should start now to try to use this feature. It will be very helpful in managing the funds that you trade and invest. It is better if this feature is put to the best possible use. Stop loss will make us feel calm, because we already know the limits that have been set according to our own will. So be ready to face the planned losses or you won't lose at all. It is unfortunate if this feature is not used at all.

There are many benefits of stop losses, when we cannot always observe the market, we are placing a measured risk. after all trading is an opportunity, so profit or loss can occur. on the other hand, stop loss prevents us from being greedy, which is usually when we are floating minus then we are afraid to cover losses. even though there is still tomorrow to make a profit

Stop loss is primarily needed when you trade futures on the spot market, it is also needed, but you can also close deals on the market if you constantly monitor the chart.
Also, a stop loss is needed, for those who do not often analyze rafic and in order not to drain their deposit, it is better to set a stop at least at 0.

Yes, using stoploss in real trading is becoming a habit for most traders only after they gain some maturity level in trading until then most traders are trading without stoploss like they wait for markets to bounce back to get them profits. I agree with you that stoploss is a tool that every trader must use. When people forget to use stoploss, they are holding the unrealized losses with the hope of market to return back and by forgetting there will be another tomorrow to get them fresh opportunities.

When we are holding beyond stoploss levels then we are wasting time and new opportunity and also we are in danger of losing big as market may go at any level to get us big losses. Holding beyond stoploss will risk all the capital literally.

Better to have this feature if you are not always checking the market, it helps a lot in terms of avoiding huge

losses whenever collapse happened with your asset, stop loss will allow you to top up your profits even you

are not monitoring the market, trigger point when you place your target automatically allow you to gain from

your investment.

Lol I won’t blame your friend and others that are doing the same thing as he does. He’s not the only one, I know a lot of people that don’t like making use of stop loss and their excuse is usually that it can trigger an unnecessary sell, and that can lead you to missing a huge opportunity when there is just a short term fluctuation in price; in a situation like this your stop loss order is going to be activated and then the market will start moving up and you will miss the chance of making profit. I have seen someone complain about something like this on this forum.

So, everyone knows what works best for them, if what people are doing is not working for you, it’s best to do your own.

You are TRUE that he will learn from his own mistakes. You should have explained it to him and you fulfilled it. You have nothing else to do here. Many people want to understand this issue and many do not. In my sentiment, just as a tortoise hides under its hard shell when it detects a problem, so does a stop loss to me. Stop Loss acts as a safeguard in our trading. If there is a loss and no stop loss is imposed then it is entirely over. Conceivably most people can't withstand it.

There is basically no certainty in trading, sometimes the price can rally for hours, but it can crash within a few minutes. therefore we need stop loss to anticipate unexpected movements, so that our capital remains safe. And don't forget to place your stop loss, don't be too short, but give room for the market to move

to short stop loss is risky to , market sometime absorb stop loss and we will easli liqiuidated. maybe long term investment doesnt need any stop loss, we were focus on developtment and should not look at price frequently like daily trading.

It finds no use to you since you are talking about investing but for us as a trader, you will never survive in here if you don't know about this strategy. Stop-loss has something of big help for the traders especially for part-time traders and it is somewhat a savior to possible big losses. But, it doesn't mean that we are still safe doing this, no, we are still in losing but at least we don't get into the point that we entirely lose our funds.

Maybe, if you are in trading, you can appreciate it. I hope you will.

Stop loss is very important, as a trader we need to set a price point or limit on when we sell or buy, if we did not set limit we are just like depending on the coin market price that always moving so we can maybe loss without any limitation, we need stop loss and plan everything to prevent posible losing due to high volatility of the crypto market.

Yes stop loss will help trader to limit loss but if you don't know how to use it properly, You might suffer a loss everytime you trade instead of gain due to volatility of the market. It's inevitable for the price of a certain coin to pump and dump on a volatile market. You might loss if you set stop loss within the price range even though it will just recover soon once the price hit your set stop loss. Combining fibonacci level will help you on how to set stop loss.

Stop loss is very important if you are investing a big amount.
You can set a stop loss at 10% loss so that if market crashes your whole asset don’t get vanished withing few days.
So its very important to set a stop loss.

Really important with trend nowadays a lot of people change their style into future trading. Because if not set stop loss, and suddenly something happen to the coin like in a many days ago when bitcoin and other altcoins really dumped without notification, a lot of people get liquid and lose all their money. For that stop loss is really important to use.

If you are dong short term trades then SL would be ideal but if not then you would really be just letting those loss to be hanging because the price in the market could eventually recover.

SL is important for those who do make out short trades but for long term and swinging trades then this one wont really be needed.When it comes to importance talks then this one is really needed
if you are really minding about percentage loss of your entire capital.So its up to ones choice if he would decide to make use of it or would just simply wont matter if they commit negative
since they can simply wait for recovery.

With stop loss or SL can make us less loss or fund trading but never make it easy and early for using stop loss because many coin potential back to higher price few days later. I believe with holding only and never take moment for stop loss because is not good how to manage loss in trading, keep hold and waiting when price really wake up than have to stop loss.

Yes, holding does not require stoploss at the same time if you are going for short-term trading then it is highly recommended to go for stoploss so that you will never need to wait for market to turn back; you may just make another trade to recover your losses.

Moreover stoploss should be obtained from technical analysis rather than placing it at our own preferred levels. Because, if you're going in random then definitely you will miss market turning levels.

stop loss was one of money management in crypto or other finance market, its very usefull for unexperience trader to avoid huge loss in every trade. to survive in market , we must dicipline with any rules and its be one of them. some traders maybe using another money managment , but stop loss the easiest one.

If you are a daily trader or trading in the future, the stop-loss or cutloss feature is very important to limit the loss that we may spend. So far, many traders always analyze whether the coin drops in several rates or percentages, they will prefer to use or set a  stop loss. This is used to only lose a small amount and then use the funds to buy coins again in order to take profit and close the loss.

Certainly, he will surely learn it the hard way. That's if he hadn't already tasted the sour grapes given the timeline of this post and the OP's. Traders who have the mindset of always winning are those who feel it's an aberration to record a loss and they tend to jettison the idea of using a SL. Often, these traders are ruined. Let me speak from the experience of a FX Trader. No matter how small a lot size one wants to use to avoid using a SL one will soon discover the hard reality of either a trade running for a long time without making profit or account getting burnt eventually. It's best to use SL while trading as it gives traders peace of mind. Yes, quiet alright SL may be hit but that's part of what trading is also about, isn't it? A trader who doesn't want to record a loss will eventually end up a loser.

Stop-loss strategy important depends on your trading features and market situation. If you want to trade for a short time and you do not have any knowledge about long time market analyze then it is very important for you. A Stop-loss strategy is most effective when the market is volatile and downtrend. The importance of stop-loss totally depends on your trading strategy and market analysis skill. However stop-loss is an important feature for all traders.

Maybe it is not his style due to he believe in the coin he is holding. I also have a friend. He bought Doge at its ATH on third week on April. After ATH, dogecoin price falls and it becomes rank 8. My friend who is scalper hold his doge a little longer than the usual days he's holding a coin. Until this month of May comes plus before the Saturday night live it price continue to rise as well as from rank 8 to rank 4 (referring on coinmarketcap). If he used stop loss when it Doge fall after he bought, he may never gain the same benefit he had.

Stoploss is important in downmarket if you're trading in spot but it is important in both up and down markets if you are trading in leveraged market. I mean the importance of stoploss is not related to the trend of the market.

I agree your trading strategy is highly related to your stoploss; for example if you're into long-term holding then you never need to go for stoploss; it means whenever you are good in fundamental analysis and you are investing based on fundamental things then you never need to worry about having stoploss.

Stoploss is a good feature to save both time and money at the same time we need to use it effectively otherwise sometimes it will lead to big regrets.

Well I understand that it works for doge in that situation, but if you believe in a coin you could still use stop loss and also go back in. So let's assume we are talking about dogecoin as well, the all time high is about 73 cents right?

Well, let's say you buy at 55 cents or so, put a stop loss at 50 cents, and when it reaches there, if you could go back in at 40-45 cents levels, just have a trail buy where you start buying more and more the higher it goes and end up buying it all back before it reaches 48 cents levels, you are still involved and profited from it as well, if it doesn't go up you are not bothered, so at that point you would be able to have an average purchasing at around 45-46 cents and sell at 73 cents instead. This is a valid strategy that you can use even if you believe in the coin going up you can use this one if you want stop loss.

That's the purpose of stop loss. It is to stop any further losses that you cannot monitor if you're ever away from your PC or any trading device. And stop loss isn't only common in trading cryptocurrencies but also in trading stocks.

Much better to still practice trading if there's not enough knowledge about the market. Although with such features as stop loss, while the trader starts to learn, it will help to minimize the losses that might occur.

Stop loss is really very essential for mostly day traders and for sure futures trade because it's way too risky and also stop loss could really be essential if you aren't there to watch the trades, stop loss would help you to cut your losses and take you out of the market when you aren't there to execute the trade so it helps you to reduce further losses when the market prices moves in the opposite direction. Well I think a day or short term trader who trades without stop loss must be there to watch his trades or else that person is really taking a risk which might cut him badly.

Yes, stop loss is must only for short-term based traders; I don't think it will be helpful even these type of traders will be continuously watching their trades and spending long hours in front of market screens because you cannot go for placing stoploss when market is against you and trading near the stoploss levels. You should always put well in advance so that it will get executed when it needs.

If you're waiting to exit your trades around the stoploss levels, then most probably you will never cut your loss but you will you leave your trades open which will result in big losses in the end because human emotions will never accept losses but always look for recovery of market.

I am short term trader but never use stop loss and keep waiting for tomorrow or next tomorrow will be my coin break to higher price again, better hold few days or weeks than have use stop loss feature, I think with stop loss we have ready loss our fund but can get chance later with other coin, but I most patience waiting price back to higher price.

Well I think it mostly depends on which margin you trade. If you go at x3 to x5 then it's okey not to use stop loss. But at x10 or bigger stop loss is needed in my opinion.

Yeah, I have experienced that. You must make use of limit order options for your stoploss orders otherwise you will change your mind along with market fluctuations. Once your entry order are executing you must go for placing orders for both target and stoploss. These days most exchanges are offering us to place orders with limit functionality which will help you to place orders at both higher than market price and lower than market price.

Most traders are always preferring to have only target orders but they are delaying to place stoploss order for some reason. In my opinion they are somewhat confident about reaching target levels which may be the reason why they are not giving importance for having stoploss order.

I was too like your friend as I have always traded without stop loss before. But later when I began trading futures, I understood that if I put stop loss below or above the liquidation point, it saves me so many dollars and if I put it near entry once my trade is in profit, chances of loss are nearly zero.

It depends on the trader and the strategy that suits them. I know stop loss is always recommended for new traders but it becomes optional when the trader in question becomes experienced. They tend to figure out their own strategy and stop loss doesn't fit well into all traders strategy. I mean, I've seen some really good traders who instead of a stop loss, prefer to use DCA strategy to hold their position for much longer instead of cutting losses with a stop loss order. So it's dependent on the trader themselves.

Another point to note, stop loss shouldn't be based on some magic number percentage - say 5%, 3%, 10% etc. It should be placed at an area of value; likely below a support area that breaks.

Yes. It is impossible to monitor 24 hours, the stop-loss feature really helps us to prevent big losses. If we don't use stop-loss, it will be very risky for our coins once they are still on open order but we are already not monitoring the coins. Mostly, the stop-loss feature is very helpful for traders, while for investors the stop-loss feature isn't really needed.

Stop loss is important for trader to minimize the loss, but the problem is many trader doing trading activity on DEX that dont have feature of stop loss like in Uniswap and Pancake, so will be difficult to handle the high fluctuacion of the price. So to minimize the risk when i trade on those DEX, firstly i make analysis of the project by learn the fundamental of the project and do long term trading, like hold for 1-4 month. For daily trading, i did it on CEX like on Binance and Huobi that provide feature of stop limit and OCO that we can use it for stop loss and trailing stop.

First time I'm hearing about DEX are lagging this kind of important feature. It means they are allowing only spot trading like only buying and selling at a available prices alone possible in those DEXes? I'm seeing a lot of hype is going in favor of uniswap and pancake but unfortunately they are missing out a very important and basic feature of trading.

Limit order must the more important feature that we can make use in most of the reputed exchanges. I am also familiar and always going for trailing stoploss because after getting into profits, trailing stop loss is more important to protect our unrealized profits.

And for those who wanted not to use this strategy, they better not trade when they don't have enough time to wait until the sell order will be filled. Because the purpose of this is to help traders not to lose all of their money but if we analyze it carefully, we are still at the losing ends. Very unfortunate, but that is how the trading works, either to use this or not, you can't still avoid the chances of losing.

It is the sole purpose why it has been added to make our trading activities easier. Very much used for those who have been trading and sometimes away from their keyboard.
And for the investors, you're right that it's not needed because most of the investors don't have to monitor it from time to time because everyone who says that he's an investor, expect him that he's in the long term strategy.

Yes, better to avoid putting the coins on open order if they don't have enough time for trading. Or if they want, they can use the stop-loss feature.

True. As the investor, he or she must put a strategy for the long term. They won't plan to sell their coins in a short time. So, she or she doesn't need a stop-loss feature.

If some things have happened, an investor might have to sell a bit of it but they're going to make sure that he's able to back it up again and maintain his portfolio.
And that portion that has been sold will be put into good use. Investors won't just sell without any reason. But they're selling if there's an important thing to be used for that profit but later on will add up and back what was lost.

it is important to know about stop loss when you trade. trading with strategies and techniques you must know before you may trade and avoid sort of losses and be efficient in trading. reading graphs and understanding the flow of alt coin is crucial when that specific coin you are trading is in dumping.

Putting stop loss even if it is for long term is also good if you are able to set it properly. If the market dumps hard like in a bear market, you can buy a coin lower than the price you've bought during this bull season. Prices of cryptocurrencies during those seasons are really low that it is easy for an altcoin to increase 10x when it's bull season again. Stop-loss is very important because it decreases the chance of your portfolio of having massive loss for a long time and enabling us to buy more quantity at a cheaper orice.

I don't think I disagree but I would say small traders who trade a single or a few coins should not use stop-loss because they can monitor the market and if they feel like the market is going down for a particular reason then it is better to hold and sit tight instead of selling is loss.

I remember I held my UNI swap tokens and I got the best price for them for my patience but if I was deterred by the early dump which happened when it got listed at exchanges then I might have not even got 25% value of the coins. If you are a trader who plays with a large number of coins and loses track then I would strongly favor using the stop-loss feature because it can be crazy tracking several coins all the time.

Remember in crypto fluctuations are obvious and very common so don't panic too quickly.

Absolutely and we must not be emotional with any token we have. If the price is dropping then getting rid of it is not a bad idea. I mean, yes you believe in a project and expect the token to do well in the future, but if the market is crashing just sell them and later you can again buy them for a cheaper price.

Traders must not be emotional with their decisions because a trader being emotional is nothing more than a passive gambler. When gambler is having good self-control then they can easily follow all the basics of perfect trading which will definitely get them good profits consistently.

Does depend on what you do prefer because not all would really be willing on waiting like forever whenever the price would able to make some recovery unlike when your stop loss been hit
or triggered then that would already be considered as a lost which means you would need to compensate but whatever you would do neither having stop loss or doesnt have the important thing
is that you do able to make profits no matter what kind of method you've been using and this should really be prioritized.
Use all sorts of indicators or tools which would really be beneficial on your part.

I don't have vast experience with DEX but yes this might be a concern because DEX are already less user-friendly as compared to centralized exchanges and these features might not exist as you said and then on top of all there are some crazy ethereum transaction fees too. Maybe that is why despite knowing all the danger that comes with centralized exchanges, I still prefer Binance.

The market is too manipulative. Most coin prices, including Bitcoin, are driven by a horde of bots. Ask traders how often their stop losses are knocked out and the price immediately goes up, then the stop loss is knocked out at the top and the price goes down, and so on endlessly. To work with stop loss, you first need to understand how sharks work in the market.

Stop loss very important for daily trader so they can manage their risk and did not lose all tgeir money in one trade. They also usualy did not hold or doing swing trade. Time is very important for daily trader thats why they use stop lost if there are mistake in their prediction.

Or if there's a sudden market swing and dump that they didn't expect. That's why stop loss is a feature that helps everyone to avoid huge losses which have been happening for so many traders. They're forgetting to use this feature so that when their trade goes wrong, they would only have around 1%-5% of losses. And that's the percentage that most of the traders do and sometimes there's also a stop loss of 10%, depending on how much the trader sets it.

- Too big stop loss levels are only for potential projects and have strong recovery after wobbles, usually experienced investors and traders will go in this direction, they know the market is threatening only temporarily, early stop loss will make them lose their ideal price. For surf projects and not too promising, the range of stop loss is as you said, relatively short to minimize risk and besides, we will have more time to arrange and prepare for a period of entry in a wobbly market, this is the advantage of those who know how to stop loss

I am not a future trader, just a spot trader. So far, I have no problem in trading although I never used stop loss. In my opinion, stop loss is a must in future trading but it is optional for spot trading. However, it can be different for another one, I don't say it can be applied generally. I only think as a spot trader, I can trade well even not using the stop loss feature. While for other traders, stop loss may be a must because they have no much time to monitor crypto market. So, they need stop loss to avoid a possible huge loss.

-Most investors can benefit from implementing a stop-loss order.

-A stop-loss is designed to limit an investor's loss on a security position that makes an unfavorable move.

-One key advantage of using a stop-loss order is you don't need to monitor your holdings daily.

-A disadvantage is that a short-term price fluctuation could activate the stop and trigger an unnecessary sale.

Source (https://www.investopedia.com/articles/stocks/09/use-stop-loss.asp#:~:text=A%20stop%2Dloss%20is%20designed,and%20trigger%20an%20unnecessary%20sale.)

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You should know on how to use stop loss because it would eventually depending on what kind of trading you've been dealing with.

It's not like it's that difficult to understand how sharks work but you can always read indicators and you can learn how to do a good trading as time goes by and you continue trading. I think even if the market is manipulative, stop loss still has it's place on the market, it's your defense against big bleedings when the market is red.

They really are going to expect a loss because they're using a stop loss. An early stop loss is a good strategy to avoid further losses that may come to them and if it happens to recover that quick, they'll just have to set another plan of recovering the little that they've lost.
It's better to have that stoppage plan at the beginning and lose a small amount rather than waiting for that recovery which they don't know how long it will take. Day traders choose to lose a small amount for stop loss and will just go onto another trade for the recovery and profit.

If I trade without leverage(long-term), I will trade without stop loss because it can hit my SL and then go to TP after a short time.

if you ask about the importance of stop loss, of course it is very important, because stop loss has a purpose so that we don't lose 100%,
I have traded and lost almost 1000, because I put a stop loss, I lost only 500, yes even though it was a loss,
but my loss is not 100%, use stop loss if you trade anywhere the exchange

Well, if there is a way to avoid losing our money in trading, I definitely not use this strategy because even though we say it helps to avoid a huge loss but still to consider a loss of our ends which I think was not a good idea. But unfortunately, we can never find any and this give no choice for the traders especially when they put their trades already and have no time to monitor it.

Actually it helps especially if you are losing to much and want to find a best position again to regain your losses byt if you have enough money to buy again at cheap rate then doing this is actually not necessary since your right you will end up losing if you do so while if you have spare you can just buy another and let those bought at the peak bag hold for a while from this you can possibly avoid losing without touching the one you bought first.

If you are a trader, You need to use a stop loss. It's to CUT the loss. If your trade goes wrong, you will be fine if you are using a stop loss. If you did not set up stop loss and trade goes wrong your trade entire position will be liquidated(at leverage) or at the spot, you will be at a huge loss. We know, at crypto we can get 50% or pump dump at a single day. So stop loss is a way to cut the loss. If you want to know more about stop loss you can read this thread: https://twitter.com/EmperorBTC/status/1402300131127398406?s=20

STOP LOSS is the most important factor that traders need to follow to minimize losses.

Crypto traders use a stop-loss order to sell an asset when the price reaches a specific point. These orders are designed to limit the loss of a trading position if the market goes south or the predictions fail.

Many traders use it only with long positions, but professionals have started to use them to protect short positions too.

The primary benefit of using stop-loss is that you don't need to monitor the market constantly. If the crypto’s price hits the stop-loss percentage, your trade order is executed automatically.

It’s a common yet essential tool that takes emotions out of the play. By setting effective stop-loss percentages, traders protect their funds from critical situations.

Some of the people I know that was trading does not aware of the stop loss and its importance, the stop loss is one of the most important feature in market since with this you would be able to enter and exit market or avoid crash automatically or without looking at the market most of the traders use this to avoid the instant crash of the market.

There are some other good features on some exchange not just stop loss but both stop limit and stop loss. With this you would take profit or stop loss automatically.

It is very important to use the stop-loss feature when trading crypto, very volatile crypto prices can fall very deep and make our capital run out
if we don't use the stop-loss feature. Most people when trading crypto will definitely make mistakes and that will make us lose. Actually we
experience losses in crypto trading is a natural thing and must happen to all traders, but not everyone experiences the same percentage of losses.
If we don't use a stop-loss, it is very possible that the losses we experience are very large, because we do not always monitor the market 24 hours.
It means we don't know how much loss we will experience. But the stop-loss feature helps us set the percentage of losses that we are ready to accept.

Despite the importance of a stop loss, I find it ridiculous how some exchanges like Gate for instance does not have that feature.

Yes, stop losses are of great importance in crypto because the markets are so volatile. It is usually used to prevent major losses and at times to help capture the momentary price spikes.

For me personally, what is very important is the stop loss feature, I know the stop limit is very helpful,
but the use of the stop limit is not required during a bullish market, and indeed stop losses must be installed when trading starts,
or when open positions on an exchange, yes if not then you may lose a lot of money

Many trader including me ignored to use stop loss, that why nowaday I loss more than 50%. I just thinking in bull market, stop loss is no need and dont have any benefits to us because the stop loss can be triggered then the price keep going up. Decision to not use stop loss is very big mistake, because in crypto, the market can be dump just afew hours and then we can not handle it because while that happen we are doing others activity.

It's also effective to help newbies.

They can avoid further loss and emotional breakup if they're going to use it. The market's volatility cannot be controlled and by having this set, they have an idea that once their stop loss has been met, they can formulate another strategy how they will going to react with such.

Just leave him with his trading style , because not everyone will experience a loss with a stop loss . He just needs time to learn by his own experience. The most important thing is that our duty as a friend has been done to just remind us. The rest let him determine his own style. And I'm sure he will understand and start to learn from all his experiences

How much important the STOP LOSS feature is depend on the individual trader. If anybody can proper use of stop loss then it's very important for him. For example Some buy a coin with a prize after waiting for 1-2 even more days waiting to fill the order. This time the stop loss feature should be active because there is very lower chance to go down the coin since he brought it after waiting for some days to fill the order.

And some user like me who has not any patient to do wait for buy a coin in cheap prize. In this case if I set stop loss 5% then it's really can go more that 5% down in short period when I buy it with panic and I could lose 5% instead of getting profit.  ;D

So in one world it actually depend on the trader how much properly they use it.

I believe its a great tool helps you to minimize the loss if your trade going opposite to your strategy. Utilizing the SL include to diminish misfortunes must moreover pay consideration to the rules of back and resistance. But everybody is diverse, a few are based on introduction, a few are based on cost. Possibly usually broadly utilized by Long term trading , to maintain a strategic distance from market fluctuation.Most of professional traders must suggest to use SL in long term trading but should use every one little kind of negligence can result huge losses.

If a trader wanted to limit his losses to a trade or position, stop loss is very important. The trader should just have to accept its cons such as it is still possible for the market to go up after you stop loss, this on the other hand, makes you not lose all of your funds.

indeed we often experience after a stop loss is hit and the price goes up again. but I think we have to be disciplined about the framework that we have created before. And one more thing, don't be stingy about placing your stop loss, you have to place it in a loose position, so that there is room for the market to move

Stop loss have saved me from sudden dip in price of bitcoin, it has also prevented me from taking advantage of sudden increase in price as well! Stop loss is life-saving tool in volatile cryptocurremcy market! Stop loss has it's disadvantages as well but it's advantage outweigh it's disadvantage!! Most centralized  cryptocurrency exchange provide stop loss tool but now, we are seeing decentralized exchange provideing stop loss on their AMM swap! Now you have the option of using stop loss in a decentralized exchange and that take away the risk of your money been trapped in a centralized exchange!

Stop lose is a very important aspect in trading used to avoid unnecessary loses. It is a way of preventing loses that are inevitable and unconsciously known to a trader. This has really helped me a lot, by preventing further loses in trading. It also has it advantage and disadvantage.

Sometimes when I take a trade without stop lose, I'm always skeptical about the outcome of the trade because their is high tendency of the trade not correlating with my analysis due to fear of high loses. But I'm always surprised when the trade falls to my direction of trend but in all, stop loses is very good initiative and it's a way of maintaining risk management in trading.

Even after getting well aware of usage of stoploss, I believe it is completely a blunder mistake if you're still going for your trading without stoploss. I mean you may go trading without stoploss orders until you are not aware of the need of stoploss but once you come to know its usage then you should make use of it all the times. It means you should not underestimate the benefits of going for stoploss orders for our trades.

As per some of the people of this forum who are all experts in crypto trading, stoploss order is not only for cutting your losses earlier but it is also for the purpose of saving your time so that you will get chances to recover your losses as early as possible in upcoming trades.

Stop losses could neither be useful or not into someones been trading because even though this is important but there are type of traders which do see this indicator to be non relevant at all because they are going for swing trades and when they get negative then they do simply just wit up for recovery
because you wouldnt lose anything if the stop loss wont be triggered or you havent put one at all and this is why some would be saying that this one is
quite irrelevant.
but overall specially if you do make out some scalping then stop loss is really very important and also if you are a trader who do goaway from your pc and wont check out from time to time then these tools are useful.

Always try to use stop loss for avoiding big losses because no can't know how market treats so for minimizing your big losses must be used stop loss.

The use of a stop loss will provide security for the capital used, because the stop loss must have been set what percentage of the loss must be cut to stop even greater losses when the market is suddenly bearish. I usually determine in advance what percentage of profit to get and risk management by using stop losses to stop losses.
It is important or not to use a stop loss depending on the individual trader or depending on the strategy being used. but for me it is very important.

I will say that trading  with stop loss is good to an extent and not often good because I have tried both of them.
Good when your analysis are wrong, it will save you from blowing your  entire account. While not often good in some cases where  it stops you  out and still continue in same direction.

I agree, in fact, in these moments that have been very full of total uncertainty, the loss of stop is the best lifeguard that can be used, in fact, it is the safest way to do trade, because in case of market is in our favor, what should be done is to move the stop loss to follow the management of the profits, otherwise, if it reaches the loss of stop, what should be done is to assume the loss, the loss of the stop It is essential in these times and operations with the use of stop loss, it is the most intelligent to enter the market, I believe that when there is uncertainty in the market is ideal for the mandatory use of stop loss.

Maybe we can say is that it saves us from losing it big but since it was stop-loss, means that we are still losing in a few bucks. I know it was a helping strategy for a trader but I suggest if there is a way not to use it, much better. That is why TA's is very important, this could help us to avoid using a stop-loss strategy, I didn't push myself to put in trade if the situation is not good. Maybe we have to wait until the moment is in a favorable situation.

Stop loss is very important to avoid risk when a trader has a lot of risk for trading and is not able to understand anything about the market properly. Trading stop loss order helps us to trade in the stock market with discipline it is a kind of stop loss order that helps to combine both risk management and trading management. This is one of the most difficult decisions traders can make when deciding on a profit and when to reduce a loss stop loss on the other hand is a good decision to protect your own funds.

It's important like your life because it's in the name already, it stops you from losing although you are still on the loss if this activates but the worst has already come for you because the purpose of stop loss is to help you prevent a really big loss, kind of like you are bleeding and then you put a pressure on that bleeding and the bleeding stops.

its should be a problem when your position stopped and market still continue parallel with your position. we never know its just trapped or not, as a traders we must accept this think which is already planned before. when our position stopped , we must re-analize market and make sure we could to avoid making same mistake.

Stop lose = save Lives, yes this is my opinion about stop lose, because if you know the importance of stop lose then you will always apply it,
because in crypto trading, stop lose is used so you don't lose a lot, and don't lose capital, stop lose of course not only in crypto,
but in Forex and stocks, stop losing is also important, so, if you trade then use a stop loss

It's a feature that will definitely save you whenever the market goes a downtrend as quick as it is.

That is in every market so that it can help every trader to save themselves whenever a sudden correction has happened. And even if you're sleeping, you can stop your losses.

Right, it prevents loss but it also ends any possible recovery that might have happened if you didn't force a stop loss in the situation. The crypto market is volatile and stop-loss although important doesn't always work in your favor because the market will move and will trigger stop loss and then the market will move back to the original price.

I think stop-loss is important if you are trading coins you never analyzed and purchased only in hope or hype. If there is a coin you analyzed and bought then don't really see the need of using stop-loss because the coin should recover its value with time.

Not that I don't agree but sometimes patience can be rewarded, recently when BTC dropped everyone who had a stop-loss set would lose some amount but those who didn't can still hold tight and let the market recover.

Stop loss important to daily trader. Or people who enter matket with more then 30% of his portofolio so he can buy back when the matket down. If you enter the market especialy for Bitcoin just buy 10% of all your saving then do DCA.

I never use stop lose when i trade in crypto market, the reason is " Crypto market is too volatile ".

I dont set stop loss When i trade with very low leverage and most time, i don't over trade.
But stop loss is very important for a very good trader when you notice that the market is going wrong and passed more than expected support or resistance level.

Newbies or learners like me obviously require to use the stop loss feature while trading in order to prevent losing more than we can afford at the early stage. I think it is important because personally, it was affecting me psychologically as I was losing more and this made me stop trading for a few weeks.

Stop loss is very important to traders.

For HODLERS, you don't mind about stop loss because you don't do day trading.

But for traders, it's a must if they convey their profits from day to day living. If they've got a 1%-5% stop loss, that won't hurt them and they can win more with their next trades.

Well yes, although the only option I see is, if the price goes down and we don't have a stop loss, we would have to wait as long as necessary until the price goes up to recover and if it goes up even more we could get more profit, but those movements They usually happen very slowly, it can even last up to 1 year, however there are many who enter a position with the opposite leveraged, that is, if you enter LONG, another order is placed short and leveraged at the same time in case it goes away the market against, a very peculiar and very risky technique.

In my opinion in essence.. apart from learning many things in terms of trading, we really have to be able to control ourselves/control our emotions and sometimes we are too ambitious to be something not good in trading.
the term stop loss is very important of course and if not.. it's like playing too risky that can make fail.

In the cryptocurrency market, most investors will have panic and greed for their own interests, especially the latter, which makes them profitable and slowly turns into losses. Due to the instability of the cryptocurrency market, once it is below my stop loss level, I will directly reduce my position and sell without hesitation. This is to minimize losses, not to mention being blind, without independent opinions, and without the ability to judge. It is a very dangerous thing. Although it is difficult to stop loss, it is actually the most reasonable approach.

When the stop loss is lower than the investment cost, it must be cut out in time. During the investment process, if you find that you have made a mistake in the subjective judgment of the investment target and your own operation deviates from the market trend, you must immediately stop the loss. Stop loss plays an important role in risk management. Learning to stop loss is also very important in trading and investment. Stop loss in time can effectively control and reduce risks.

As we know that a stop-loss is outlined to restrain an investor's loss on a security position that produces an unfavorable move. One key advantage of employing a stop-loss arrange is you do not got to screen your property day by day. A drawback is that a short-term cost change may actuate the halt and trigger an superfluous deal.

A stop-loss order is an order entrusted with a broker to purchase or sell out when a store attains a particular value. A stop-loss is blueprinted to prohibit investor losses in a protected circumstance. Installing a stop-loss order for 10% below the stock we bought will prohibit the loss by 10%. The convenience of a stop-loss order is that we do not have to keep an eye on how the stock acts every day. This prominence is especially efficient when we are on respite or in circumstances that confine us from beholding our stocks for extended periods of time. The drawback is that a short-term fluctuation in the stock value may facilitate the stop price.

Though similar to that. A stop-loss order works by automatically closing a crypto position when the price hits a pre-determined level. 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 loss is very important of course for traders but it is very peculiar and very risky technique.

Very essential, when you're relying on day-to-day trading activity, you need to close your position every time you see that there's nothing happen yet you keep on incurring losses. Stop-loss isn't seemed to be a risky technique for me but it's a way to stop further loss and you've got to do it, there's no risk involved in it yet it's a solution whenever you see that your trades aren't following what you've planned for. It's the best strategy for those who don't want to see their positions being eaten by the market and they'll only get lost. The wise traders won't feel bad if they stop-loss between 5%-10% of loss as they do this strategy.

Talking from experience I can tell you using stop loss is as good as saving your funds, no matter the knowledge of technical analysis trading without stop loss can get you fucked up, technical analysis tells us action that has been taken already, there could be a sharp news which might push prices down after you have analysed and set up your trade and if this happens in your absence surely you gonna get liquidated.

There are dealers that would prefer not to be told by others and that is the reason they don't pay attention to the advices of different brokers. It's vital and common to see brokers utilizing stop misfortune yet on the off chance that they don't do that, they'll most likely get familiar with the exercise in a hard manner. I concur that distinctive exchanging systems make the individual less worried about stop misfortune, as a significant degree of certainty will return the value making things substantially more powerful.

If you want to safe you money ,should use Stoploss. You can buy back if token price down feom your stoploss but if its down 100% or 200% its very hard to get back you portfolio. May be some time token down to stoploss and then upswing start, but we should safe our money and can get another opportunity to earn .

The returnable token is also just a rough guesswork model, sometimes charging for this model takes a long time and our money will postpone the contract with new promise tokens, wasting one plan then many is proportional to the time the model has not been charged again. The most dangerous is the leverage pattern, it's a timed bomb, manipulation from exchanges and whales can speed up the detonation time, manual stop loss will become too late

If you don't know how things works with the kind of trading you are using it's true that danger or risk is just along the corner.

Stop and loss is very effective if you fully understand the market, the volatility might give you decent benefits if you play well but it's always a case to case market movements, same from what you have said, whales is very unpredictable as they can make the market move within a split of a seconds.

Honestly if you do not know that is another story, but if you do know and still do not use then it is a whole another story as well. There are people who do not use stop loss even though they know what it means, just because they believe that they could DCA their way out of it. I am "sort of" in the middle, I do not use stop loss because I am a long term investor and I do not care about the price of today, and I do keep on buying so it is sort of like the one who do not use it, but there are traders that do not use it as well and try to make it profitable in a bit longer and yet still a trader way.

This is why I honestly believe that we should not be focusing on knowing or not knowing, we should be focusing on the benefits of using and the damages of not using, that way we could actually calculate the risk and take our precautions accordingly.

Is there any time that you've incurred 200% of loss?

I guess that's never going to happen to me. A 100% loss is already going to put you into zero in value for the cryptos that you own. And to say that you'll get 200% down.

You're totally negative and you might even have a loan with that percentage of loss.

For investors a stop loss is not critical as whatever asset they bought they did for the long term, also since they can accept bigger losses then it is unlikely a flash crash will surprise them and will not allow them to sell their coins within the range they were willing to accept to lose on that particular investment, but trading is a completely different game, trading moves incredibly fast especially if you use leverage and not having a stop loss is basically the difference between losing traders and profitable traders, so it is a huge mistake to not use a stop loss if someone is thinking of trading the markets.

Stop Loss is used in risky trades to avert excessive and unmanageable losses. If someone don't use stop loss will face huge losing quickly. It is used to overcome the loss.

Not only in risky trades.

But in every trade that you do, you must apply it to minimize the risk that you're taking.

Yeah, the bigger and quicker loss is waiting for those that won't apply stop loss with their trades.

Stop loss is most important when you don’t want to loss much. But, I don’t use stop loss for some reason. Sometimes I missed big profit for using stop loss. Coins touch my stop loss target then pump again. :-\ Stop loss is helpful, When a trader can use it properly.

Many of the traders uses stop loss not only for the loss but stop loss can eventually prevent anyone from a big loss which will be terrific one. The traders which are using stop loss mostly will get low loss as compared to the traders which are not using it.

Many traders uses stop loss not only because of their losses but eventually to prevent anyone from a big loss. It is very important especially if you don't want to loss much and want to gain profit always. Stop loss is used in risky trades to avoid excessive losses. Stop loss is very important and helpful when traders  can manage it because if traders uses stop loss, they will get low loss compared to those traders who are not using it and can't manage it properly.

This is not really accurate a stop loss is used or at least it must be used in every single trade that you make regardless of how risky you think it could be, and the reason for this is that you do not really have a way to know if the trade that you're making is risky or not, we must remember that the price of any coin in this market can change at an incredible pace and if you are not using a stop loss in order to protect your capital when that happens you are going to lose a great deal of money, and if at the same time you are using leverage then you could even lose all of your money.

Stop loss is an important means to protect investors from making mistakes in decision-making and reducing losses. Foresee greater risk of loss in investment transactions, prevent losses in time and protect funds from losses.
When the market fluctuates, the stop loss can be turned to seize the opportunity.
When there may be a high amount of loss in the future, timely stop loss can reduce risk loss.

Always i heard about Stop Loss and many traders said that Crypto trading is not secure without stop loss, becouse we are human not a robot, so we can't spend time 24 hrs on trading, and for this reason and for our fund stop loss is always important.       

For me it's very important, I consider it as a life saving device like life vest, fire extinguisher, sprinklers, medical kit. Though there will be some damage it will help it to stop or prevent it from more damage and it can actually save all your money if you are a leverage trader or futures trader so I think this feature is really important and most people doesn't know how to use it.

At the end of the day your duty as a friend is to call out any big mistake that your friends are making, if they don't want to change their behavior then that is on them, at least you tried to help them and now it is up to them to face the consequences of their choices, it is obvious that trading and not using a stop loss is a huge mistake, unfortunately the majority of people do not learn this is the case until it is too late and they have lost a lot money, and it is impossible for them to recover that money since now they will have to take huge risks in order to do so creating more losses in the process.

sometimes stop loss not totally working in our trades, market often to sweep stop loss that setted by traders. And for your case , holding assets when we confidence with the fundamental behind the project for long term was better withot stop loss. spot market and for long term investment didnt need stop loss , or our balance will decrease alot when this SL hit.

I think everyone should use stop loss because it could be very important at some point, most times we trade without stop loss and feels it isn't that important because we know how to read charts and also have a large equity, but in crypto anything can happen! Talking from experience, I learnt the usefulness of stop loss when there was a great massive market crash and I wasn't there to close my trade cut my losses, so bad my account got liquidated, had it been i used stop loss my account would have been saved by now

I remembered when I was trading and had set a stoploss area but when my analysis was wrong then I deleted the stoploss and finally I experienced a panic sell because the price continued to decline until I finally sold it with a bigger loss, until now I still remember that mistake. therefore stoploss placement must be adhered to because every trade there is of course a loss and a win

 As stop-losses anticipate expansive and uncontrollable misfortunes in unstable trades. In the event that you're not utilizing stop-losses, it's as it were a matter of time when a huge losing position will get out of control and wipe out most of your trading benefits, in the long run indeed your whole account.

Imagine you sleep and left open orders on, and when wake up you get liquidated  ;D. I think most simple way to tell people why stop loss is very important feature. I think market already really kind to give us that feature so we're not trapped when something really bad happen with our trading activity. With that we can target or at least how much and in what price we still afford to lose and it not really destroying our assets especially our mental health.

It's easy to learn to make money, but it's hard to learn to stop losses, just as it's easy to learn to buy, but it's hard to learn to sell. Everything is driven by greed and fear.

I have a chat with my fellow trader from my work, they are new to trading maybe a couple of months before they started trading and surpassingly they don't know how to use stop loss since they always complain that they can't sleep watching their trade or whenever they sleep and wake up their trade loss, they think they need to buy a bot and setup to sell when they are losing. And I asked them if they know what's stop loss on the exchange site, they say they didn't and I teach them the importance of the stop loss.

It's important as it can be because stop loss is your way of not losing money in trading. The only thing that I can think of when it comes to an analogy is that stop loss is like a dike, you build it early and when the rainy season and floods come, no destruction will happen to the surrounding areas protected by the dike since you stopped the possibility first.

Presumably the majority of them are being stoploss pursued on each exchange position there, however they don't see the value in its handiness. Over the long haul, you will see the value in why stop-misfortune is vital. Albeit one should not say wanted sum for loses, yet we are really the one setting the measure of misfortune we can some way or another acknowledge. The disadvantage of stop-misfortune is having your exchange to be halted when at times it bulls after the fall.

This is the thing, a stop loss must always be respected I know that for a lot of people such an absolute rule may seem to not make sense but when it comes to a stop loss this has to be the case because you only need to make a single mistake and delete your stop loss to suffer massive losses from which it is almost impossible to recover, some people can get desperate because the market goes up and down in a range hitting their stop loss over and over again and then turning around on the opposite direction, but that is a trap and if you fall into it you're going to regret it and will never forget that mistake.

There is no way he won't learn. He definitely will learn someday in a big way when he bumps into market volatility. At this level, I don't see why one would engage in trading without setting SL and even TP because things happens like a flash. If possible, I'd even advice to set Trail Stop (TS) on every trade the moment each started yielding profit.

I see the value of stop-loss when it comes to trading, this is really what traders usually do especially if they often monitor the movement of market prices and they meticulously analyze and analyze them.  But for me, I'm not the typical trader so it's okay if you can't call me good.  I don't use stop-loss, maybe because it depends on the coin/token being traded that you want to sell.  These are the traders who invest or buy coins/tokens for profit or let's say they minimize the risk of losses.  So I just use setting the target price on the spot and P2P trading ...

The only way to reduce market loss is to think and analyze the market very well. If you enter the market unknowingly, you must face losses instead of profits. Analyze coins before you invest and analyze how much a coin can have an impact on its future.  Before investing you need to know about market popularity Need to do analysis.

Oh bor stop loss is everything. When i am trading stop lose is hurting me but without it i am dying anyway. If you are not using stop loss you will lose your funds one day for sure. but i have to say that in bull season it can be really hearthbroken.

It hurts to see yourself stop loss.

But it's a better thing that you stop your losses before you lose all that you've got. It's a common strategy that every traders know and if you don't know how to do it.

or you're not a fan of it, you better teach yourself or experience how it is to stop loss.

Stoploss can help you to save your positions from getting liquidated. I got liquidated twice 100usd each.
No one can predict the exact price movement. So if you dont want a stoploss you are gambling your money.

Did you just leverage it? well, if you're not familiar with leverage and you put that amount, you really are going to be liquidated with that.

I agree with stop loss, it will help you to avoid getting liquidated and incur losses.

That's also applicable in leveraging.

Stop loss is very important if you want to trade wisely. Stop loss saves me from losing more money, and this one works for me but of course you need to have your own strategies and techniques to manage everything. If you don't know what to do when the market dumps, better not to panic and assess your strategies or look for other way that fits on your trading style. Some don't use stop loss at all but they still remain profitable because they are buying at the bottom price and sell at the peak price. Since market price is not stable, stop loss is the best way to manage your losses.

One of the most basic tools yet one of the most important tools in trading. There's a lot of traders that doesn't consider putting a stop loss they only think that once they enter a trade they are going to have a profit which is not. That's why we are doing a technical analysis is to know the possible take profit and of course possible loss.

That is the thing with the stop loss, many people do not really appreciate it because unlike other tools and skills it does not really help you to make money and instead it is a defensive tool that gets you out of the market at a predetermined position, however its value is immense, a trader that does not use a stop loss is going to have a lot of problems becoming profitable as it is almost impossible that at some point they will not make a mistake from which they lose a fortune and then it becomes impossible for them to recover it.

Traders or new investors have to realize that there's the opposite of making profit.

And that's losing and if they're not good at it, they should stop loss to practice how it goes and avoid bigger loss. They really don't appreciate such feature if they're not really on it.

To underestimate the function of a stop-loss, many were lost where they could, protect themselves, bypass certain risks.

Stop loss is very important in trading as most of the traders use stop loss because they wanted to prevent theirselves from loss and getting more benefit as well. So, for newbie it is also important and they have to use it for their trading. It is easy to use and prevents everyone from getting into more loss.

In general, Yes it is commonly use to prevent loss but it's specific role was an escape plan once the TA of a trader went go wrong. Usually they setup stop loss near notable prices like support,resistance, fibo level and ema/ma line. Understanding it's specific use is better than having a general knowledge on it.

You are saying right that stop loss is a part of trading. Professional traders must places stop loss when they take a trade. Because stop loss triggered when you feel you can book that loss. In future trading, stop loss is a necessary part of trading. If our trade goes wrong from our direction then it can liquidate our account. So, please be careful

trading is not theory, because practice is more important in trading so we know the strategy to stay afloat. one of them is stop loss, which is very helpful for traders to secure capital when the analysis is wrong. that way, losses can be cut automatically

I think Stoploss is one of the best tool to safe from big loss.  Sometimes market crash very hard due to bad news like china News which crashed whole market in an hour. Those who added stoploss has saved theirs money. Regret i not used stop loss that time and loss 1000$ +.
Now i use stoploss for every trade.

Stop Loss is a crucial a part of trading it's impossible to trade without stop loss when the quantity of loss increases while traders reduce the quantity of loss through stop loss professional traders make more stop losses. they need an honest idea about the market they reduce risk through stop loss when prices tend to be downward must learn the techniques of stop loss also as must practice the market.

There is ONE way, to trade without an SL... you can use hedge positions, instead of an SL. BUT this requires a shitload of practice in btcusd (https://de.tradingview.com/symbols/BTCUSD/) and really is nothing for new trades. It works great, if you know what you are doing, I love to do so in the indices.

This is trader, about which we don't know that how much a coin will rise and how much it will be going down, what can we do? we can only predict, so, newbies don't have that much knowledge and didn't know about trading strategies. So, stop loss is necessary for them because anytime market will go down. So, it will prevent them from more loss.

Style of trading you said? No kind of styles in trading that wouldn't work with stop loss, many people are really not seeing the importance of stop loss till something bad happens, am talking from experience am a victim of same circumstances, I believed am good at what am doing, managed my risk well and got enough equity to withhold any dip so no need for stop-loss, but a day came where the market crashed and everything tradeable was badly bleeding and I got rekt, I learned my lesson the hard way.

Stop-loss is a very important trading tool that helped traders to safeguard against losing further!  Stop loss is very useful and it is a double edged sword as it could take you out of position when the loss perhaps was meant to temporary before positive price action upward! Stop loss should be used sparingly if you know what you are doing!

I would say: If you are investing (like loooong Term) there is no Stop Loss needed, but you should still observe what happens, once a week or so.
If you are trading, depending on your broker, your account might go into the negative and therefore you absolutely need and SL, imho. Especially with BtcUsd (https://de.tradingview.com/symbols/BTCUSD/) where it can happen in seconds, if you have bad luck...

You'll be able to maximize this tools having that kind of experienced, the importance of knowing how things

works and how to set it up correctly, the market is really volatile when it comes to crypto it's really hard to

predict but if you have that fundamentals and you are willing to work with your own design of system,

using this tool will help you in a better ways.

Indeed. Stop loss is very important in trading. I never trade without stop loss. It's like an armour in a battlefield. Even an expert who have lot of experience in trading will surely need this kind of strategy. I think that Stop Loss is also helping in some other way, and I don't see any wrong if ever someone use it when they do trade in the actual platform anyway. Stop Loss help us control losses unlike using it we might get feel bad and regret if we don't set it up our loss methods. I remembered not using stop loss and liquidated my whole funds because of it.

As the proverb goes ‘a penny saved is a penny earned’ traders concentrate so much on the potential profits they can get that they do not put enough attention to their own capital, and this is kind of weird as the profits they could get are not even real right now but the money in the exchange they are using is very real and as such an effort should be made to protect it no matter what, but people get blinded by the profits they can get and as such they lose sight of the thing they should care the most about which is their own capital.

Stoploss is applicable only with margin, future trading. For Spot you cannot apply stoploss once you bought a coin.

especially for novice traders where their orientation is to get a lot of profit and fast. This mindset can hinder our trading success. especially if their analysis is wrong, they seem reluctant to cut losses, even because they don't dare to see the market they let it go and do other activities, and in the end they lose even more. therefore it is very necessary stop loss

Stop loss is most important for saving our fund for big loss Stop loss also used when we invest in any token so we don't know market goes up or down then stop loss working and specialy  for newbies user  which don't have any knowledge about trading use stop loss for save money .

Stop Loss is very important for you if you start futures trading. For example, if you buy a coin, you have to keep it with stop loss.Your order will be canceled and some of your profits will remain. Stop loss is a way to avoid loss.If you keep with stop loss, your liquidation will not be zero. If you have something, the profit will remain.

And this is the kind of thinking that produces huge losses, it is important to not take anything what happens in the market as personal, if you make a prediction and then the price begins to go down and goes against your prediction there is no reason to get defensive, just accept the fact that you made a mistake and it is time for you to move on and accept the small loss, because if you do not then you are going to suffer even more losses because you decided to not close that trade.

Stop loss is so much important in trading. If you set stop loss, you can overcome your loss in trading. It is important for increasing the chance to gain profits in trading. Without setting a stop loss, you can lose money. It is the big mistake of the users in trading to not set a stop loss.  The main cause of fail in trading is that users don't think it serious to set stop losses.