Bitcoin Forum

This is the best time to pick your stop loss and make it an essential part of your trade. The market keeps falling and investors and traders alike keeps crying. It seems some wild prediction of Bitcoin giving those who missed the early opportunity of buying is coming alive. To avoid been caught up and trapped  by the market volatility stop loss should be as useful as every other technical or fundamental tool you can think of. It is better to risk a small fraction of your assets than losing it all

Stop loss on last 2017-2018 bull run peak? Where it is around $20,000?
For me, I am really not alarmed with these recent dumps in the cryptocurrency market because it's not only the cryptocurrency market, it is most of the market especially non cryptocurrency market.

Or simply stop trading so that you will save yourself on stressful days like this rather than forcing yourself to trade and set a stop loss which will highly be hit due to huge wicks of crypto volatility. Make sure to apply properly stop loss and not use it to slowly decrease your asset by setting it on the range which the price could reach up and down. The current market is very unstable and there's clear sign of bearish movement despite some minor relief. I believe we can experience relief in the next few days but that doesn't mean we should trade right now to get that small chance of profit. I preferred to watch and wait rather than risk trading right now.

While I agree with you — because trading is definitely not for everyone, we're in the Trading Discussion section. :P

But yea, money is made in times like this if you know what you're doing. I made a killing shorting the insolvent Celsius. https://twitter.com/CelsiusNetwork/status/1536169010877739009

It looks like this condition will continue, and maybe you are a little late to use stop-loss because the price is now at the $25k level. But still, it's okay if you already use stop loss to avoid even bigger losses. Hopefully, the price will not fall deeper and sadden investors and traders. But if that continues, investors and traders will have to prepare themselves for deeper bear market times.

But rest assured that this situation will not last forever and will be replaced by the bull market so that the price will reverse direction and increase again. Or maybe if you're in doubt, it's best not to try to buy coins and just wait.

its necessary always to have a stop loss because on this kind of situation of the market its very dangerous to rely only in our skills,where in, much better to be smart enough when trading to prevent massive losses and regrets afterwards. So always focus on how to protect your trade and the only solution for that is you need to build your own risk management that even you made mistakes at the end of the day you still can bring your account into green.

Don't predict the market, let's response quickly with what you see on the market. Or you should have a long term plan, then you won't have to predict the market, how it moves next days, next few weeks, next few months.

Stop loss, stop limit orders are good but don't forget to exit and don't open new positions with margin, future trading. You will be killed in the chaotic market, now and until the bear market ends.

Before the bear market ends, you will be killed again by short positions. Because you don't know when it will turn to bearish, you short, then you will be killed.

In my opinion it is better to stay away from the market for now. Let is calm a little bit and then we can start using the stop loss. At the moment I feel their is a panic situation out there and the market will hit a new low this year and then might bounce back.

Those who still want to trade they do need to use the stop loss feature otherwise this market condition will eat up their assets. 

That should be the very mindset of every trader and that's where MM (money management) comes in. While starting on this journey, I made that same mistake of thinking that I could get out of the market and be profitable without SL because it would seem that price would get to my SL, offset it and then revert to my TP. It was always happening. When I didn't place a SL manually, it would get to the point I had in mind and zoom pass it instead of reverting. So, it would take me days and sometimes months too to revert to entry price. In some cases, I would eventually had to close in greater loss than I would've done if I had placed a SL. That's after days, weeks or months. I've realized it's pointless trading without SL. SL gives you rest of mind. Just don't place it too close. Give it space to breath well.

I don't know why people are crying. Do they dont have short button ?
A good trader always makes money from fluctuations.

Yes, this opportunity is giving those people who missed opportunity to grab at lower prices. but, it is also a fact that at this time there is lots of fear, and because of that majority of new investors don't want to buy. But when bitcoin goes back to its all-time high, they start regretting again like they always do.

It is not enough only to set stoploss but it is also important, what is your target price and where should be your stop loss.

There are traders that are happy about this drop. Specially those who leverage and short, that's making them money and they know what they are doing.

Or just don't trade at all.

If it's not productive to do it and you're the type of trader that you can't make that much on this time, you better stop trading and just buy for long term holding because this situation won't last forever.

Actually it's time to buy now according to my TA and preferably the TA from different groups I am following with, they explained a good ideas why it is now a good idea to long, I don't wanna bore you with the details I think there's a lot of good ideas you can see in tradingview I rather choose that platform than rather predictions here in the forum, I see a lot of speculations here lately but they don't offer a valid proof or good TA to support their speculations.

Stop loss orders are important tools for short term traders. We can all make wrong decision and a stop loss helps us to limit our losses. The problem is that in times of high volality the positions can be closed out way to fast again. Today bitcoins dropped 10%, which means that most of the stop loss would have triggered already. Another problem with stop loss is that it doesn't take general market movements into considerations. Over the last few months all of the big crypto coins lost in value. If we sell our positions through a stop loss where will we invest then? Switching into a different coin will likely trigger the next stop loss. Maybe selling right now is not the best option, because why didn't we sell when bitcoin was at 40 or 35,000? At such low levels now I would just sit out the storm.

Very wild prediction but Stop Loss is very important but I have changed to a stable coin which allows my asset not to lose much, I will continue to pay attention to what point is the lowest when the market is bearish, I think $20k is the right one to enter again or wait again under that?

There is nothing to earn as long as the market drop down is more severe but I would like to maximize my buy again at a lower price.

Understanding stop losses is important, however, I'm a part of those who share the opinion that this is best time to play it safe and instead of concentrating on setting stop losses or how to go about it this season to still limit your losses. Enough losses have been made already, I'd say just lay off trading for a while till the market is doing better, it wouldn't make you any less a trader.

 A big and an also very important skill in trading and a factor in becoming a successful trader is knowing when to trade and when not to trade, IMO this season where the market is crashing remarkably without prediction, trying to best secure what you have left is the best strategy.

As the others have said, this might be a good time just chill and enjoy your tea/coffee without getting stressed out from the bearish market at the moment.
Sure, stop loss is very important if you want to be a good trader and also to minimize your losses as little as possible. But, there's will come a time where you just need to step out from trading. Since we don't really know until when the bearish market will continue, so entering the market now is very risky, tho it is always risky.
The best option would be just stop trading for a moment, and just wait for the right moment to get back in the market. It's a lot better than losing more when you think you could buy cheap and hoping the price to bounce back up but its price trend says otherwise.

Lets put up some example.

S&P 500, Nasdaq 100 Drive in to 'Bear Market' Territory Ahead of the Fed (https://www.dailyfx.com/forex/fundamental/daily_briefing/session_briefing/daily_fundamentals/2022/06/13/SP-500-Nasdaq-100-Slide-to-Start-Fed-Week-can-FOMC-save-the-day.html)
Everything in the Stock Market Is Being Sped Up Including the Crash (https://www.bloomberg.com/news/articles/2022-06-10/everything-in-stock-market-is-being-sped-up-including-the-crash)

So its not really that crypto market does have that problem.Almost those traditional markets are suffering the  same thing.
Stop loss? its sensible for some investors but not for those who do long term hold.

It is not that simple, I would say that when we know its not doing fine, putting a stop loss at %50 would be understandable, because anything that goes down %50 would probably go down even more and that is understandable. But having any stocks or gold compared to that? They do not really go down %50 that easily, maybe some stocks could, but not the market in general. This is why there is a big difference between the two. I still say you should go with crypto though, because you donot make x100 with stocks that commonly, but doing x100 in crypto is not unheard of, in fact it is quite common during bull periods.

Stop loss is necessary but still the market is unpredictable and this crash can happen instantly without you knowing the future trend, on this level your cut loss level will be invalidated or else you have to sell at a bigger loss which I don’t recommend. Holding is the next best thing you can do, and of course you can still accumulate to average down the cost. In this current market, those who have a better plan always ended up a winner in the next bull market.

I think that stop loss is not needed anymore because the price seems to stop falling lately as they are already at their lowest. What is happening is that they only increase a little and then they fall again on their previous low and then repeat this cycle again and again but even if we are not on this situation, there are still traders that don't use a stop loss. Maybe stop loss is really not an essential part of trading?

A true investor and trader does not cry but those who cry are weakling or they are newbies on this scene. If you have picked the right set of coins, it is better to not loss anything even if that is small because their value can always recover.

Are you sure about that... That bitcoin is no longer making any more lows and as such, stop lose is no longer needed on a trade?
I really can't agree to that point with you. Sincerely, I never expected nor did any prediction that bitcoi  could make the low that it just did. Today's low came as a shocker to me and I wondered whats going on. Although, I know better not to sell but instead, be joyous of the perfect buying opportunity it creates, giving investors a chance to level up with early adopters, even though is just by a fraction.

Stop Lose is just a guide against the unexpected with some degree of possibility. Using it or not doesn't make you less a professional trader but, its another way to exercise caution and should he encouraged.

i have the feeling that a lot of traders got liquidated owed to this recent crash. so i think, you need to re-visit your goals here and maybe, hold off your trades for a while and get the pulse of the market. stop loss will be your saviour if you are not very careful here.
maybe, time to assess things in the market and keep an eye with the news surrounding the crypto market. this will give you insights on what to do with your funds.

Lots had been liquidated from those future/leverage trades but for those spot positions then as long they hadnt realized those losses or havent put up some SL's then there's still some chance for them to hold their position.

Stop loss are relevant but i do see for it to be useful when you are dealing with the price on a very active manner but if not then you would really be finding
a big problem if you dont know on how to handle your finances.

As long you dont sell then its not considered to be a loss.

You should still be careful though. I agree that with crypto there are some falls which are sharper than stocks, and the whole market is in a big fall, we reached like 70% or so down from the top, and that is a sad situation. I get that we will also recover a lot bigger as well, I agree that bitcoin could reach like 300k for example, before tesla goes up 2x from current price, so it is quite possible to make more money here.

But, just because the up is that much, doesn't  mean that we need to go that high, we could still end up with some part of making a good return while being careful with what we are investing into. Stop loss would be a smart decision in that case.

Stop loss might be applicable enough if you are losing to much money on it and maybe execute this as early as we can then take position on how market acts because from this we can recover back the losses we got on how the market goes at the moment. But its really a big problem if you don't know how to handle this kind of situation because we might get another lose if we take wrong step on executing our next positions.

This is really good advise for traders to avoid trapping and regret. If you don't use stop loss you may lose more than expected and at the end you can exhaust all finance in the particular trade because the market is really unpredictable and volatile. Once not taken a good decision at a spot, the volatility will not give you time for that. Therefore I think stop loss is very important to every trade entered.

some traders do not like the use of stop loss. they are oriented toward trading or a long-term investment. when they buy, they immediately sell within a specific target price. when the dump happens, we have to be calm, and not worry because everything will come back again. but in the selection of certain assets. this will change the plan from trading to long-term investment.

however, stopping losses helps traders to avoid bigger losses. once the asset is safe, we can buy back the asset at a lower price in the hope that the pump will return the capital.
To be honest, the current situation requires a good analysis to keep our assets at a stable value. The mind can panic when market conditions are chaotic.

Everything can happen and what we plan is often different from reality, today the market drop is more than 8% and a total drop of more than 28% in a week, even the altcoins that I hold like matic are also significant drops, I think it's too late if we stop loss More than 20%, hold and be patient is better to reduce losses and even profit.

your statement and advice is cogent for cryptocurrency trading. Because it's has became obvious that cryptocurrency market is getting downstrend everytime. The best option as you said is to leave the market and when the market restructured you can come back for trading, i embraced such ideas.

Yeah but it would also be wise to wait before buying. But I would agree that a possible reversal is starting and 22k USD will be the last bear range for this cycle. I expect an upward movement to start by tomorrow.

Stop-loss should be used as much as possible not only in this stage but every-time the trader places an order. Fundamentals only speak of buying bitcoin and technicals should be used with caution.

I dont think much risk is involved in buying at this price range, unless another big downtrend starts. So you can divide your assets if you have any left for buying and use that to pick up the coins dropped from weak hands.

Yes many of are forgetting the 2018 time when Bitcoins dropped from 20k usd to 3k usd.
Similarly this time also it’s happening.
It’s just another dump. So no need to panic.
Yes as the OP said, it’s a great time for new investors who wants to buy Bitcoins and join the crypto space.
Right now buy Bitcoins in cheaper price and enjoy profits later on.
Just keep patience and have faith on the market.

I think that a stop loss will be very useful for short term or day-trader. Moreover, if the price gets down to a certain rate. But, if the price has been decreasing so significantly until dipping again and again, for what we are using the stop loss? If the loss has been too down and we are too late. That is why the most recommended thing is setting stop-loss once we are setting for the buy and sell of the coins. So this will really help us to decrease more losses at certain rates.
As we know, the crypto market today is very unpredictable and it can go down very extremely only in several hours. The bearish is real.

Currently I believe nobody can really predict the market and most people want to trade, so I believe whenever you enter a trade it better you use stop loss so incase the trade goes against you then you will be able to cut your loss. Actually not everybody really likes using stop lose, not everybody is in support of stop lose but I believe it's not really a bad idea to use stop lose. I will advise newbies to be very careful currently and they should try and make use of stop lose.

Well, if you see bitcoin dropping, expect that the whole altcoins market is also going to drop. No matter how you think those altcoins you've got are in shape, still, they're going to lose a lot because of bitcoin.

Yes, I also think that it's too late to stop loss if you've bought it before this 80% crash for most of the altcoins. But it's all your choice to make if you think that it's still worth to give it as stop loss.

for me at this time we can actually take part in buying, by dividing into several buying areas, so that if the price drops again then I am ready to wait for the next purchase, I don't think about short-term trading, at this time I only rely on long-term investments, if the four-year cycle occurs again, so I have to be ready to wait another four years, therefore the capital I use is cold money

Yeah, other traditional financial market is really down right now. But more so on crypto as it reacts on every global news like the war and then the recent Fed rate hike.

Anyhow, I think stop loss is really a must right now, just to play safe. But we all know that in trading, specially in the beginning, we should understand stop loss as this is the basic if you are going to stay longer in the market.

The stop-loss feature is indeed useful to prevent us from experiencing even greater losses when there is a bear market like now. But if from
the beginning we plan for long-term investment, it seems that the stop-loss feature is not needed. Because I myself have decided to invest long-term,
so no matter how deep the market falls, I'm still patient holding the coins I have. I even decided to buy more coins that I considered potential
every time the price dropped lower, because I believe a bull market like what happened in 2021 will definitely happen again. But what concerns us all,
not all coins are good for long-term investments, besides investing in Bitcoin and Ethereum it's a good idea to use stop-loss. Because apart from Bitcoin
and Ethereum so far the risk is very high and there is no guarantee that all popular coins are good for long-term investments. We can see what
happened to LUNA, previously LUNA was very popular and was in the top 10, but surprisingly it fell drastically. I'm sure if we didn't use the stop-loss
feature when investing in LUNA, we would have already experienced a huge loss.

At this tragic loss of prices, I'd somehow think that stop-loss is not the best option but holding. Just imagine buying Bitcoin at $30k (as an example) and then selling it now, we're losing much honestly and if you are not in need of money at this time, I don't think that can be an option to take. Yet, the price drop can't be predicted but to the moment seeing the market in bear season, I think we have been aware of that possibility (more drops than ups) and we deem make prepared for it to hold rather than sell.

I am not selling anything right now. It's too late. Although I am expecting some more dips but we never know what happens next and my paper losses are already high so I just HODL than regret later if somehow the market makes a sudden turn of events. Interesting if we need to wait for the next halving or ATH happens earlier.

As for my experience last 2017 ATH, I should have sold all into stable currencies last late December or early January this year. Now it's HODL time! 

when you're already losing money and maybe you're late making a sale when the downturn has just occurred. then hold is the best choice. Just believe it, the upcoming bull in the future will bring you in better shape.
although we don't know how long this situation will last. if there is the capital, we can buy back the asset at a cheaper price for the long term.
many are selling at a loss because of panic with the state of the market. Asset values that continue to decline certainly put pressure on investors.

I wouldn't recommend a margin trade during this period of time if that's the topic of using stop-loss feature here. When in bear market you'd be easily liquidated as prices tend to move faster than expected compare on what we see during bull market when there's a series of mini bear market or just higher lows.

Not really a good time to sell. Just hold firmly and we'll see those good prices again. Just expect that there will be more dips to come and we'll not know until it comes again.

Just do it again for the next bull and bear market. It's going to save us from a lot of trouble whenever the next bear market comes again but we're not yet done with the current one.

Luckily I've done it for a few altcoins. Now is a great time to get big discounts with almost separate entries at multiple support points. If we see when prices start to get low, that's where the whales take our losses. Whether or not it's too late to make a stop loss at this point, if that happens to you, the options aren't too many.

In general, this tool is quite useful for work. Moreover, I don’t think that it is seasonal - rather, you just need to use it on time.

There’s no such season for this since this is necessary every time you trade so you can save some money from losing it. Trading is very tricky, it requires a lot of work and perfect timing with a good plan and strategy, many forget on setting up their cut loss price and the result is negative for them. On this bear market, traders should be more wise since the bottom is yet to be seen and having no cut loss level might trapped you on a higher price.

Cut losses arent needed from time to time specially if you do go for long term on which you could simply hold your assets until recovery would happen and this is where others been doing.For stop losses it would really be just relevant if you do go short term trades or playing with the price movement where you do set some sl's basing into your position or on how much you could able to accept those loses.
In future or even on leverage these things would really be much needed or relevant thats why its up to someone on when and how they would really be using it basing
on what kind of trading they've been using on.

If you just bought the coins yesterday, considering stop-loss may be okay. But if you consider stop-loss for the coins that you bought in 2021, I think it is too late. Now, we have no choice, we must hold the coins until the next bullrun because selling now means you stop expecting to get back your funds. Now is the bearish period, it isn't the right time to sell.

This market fall is already predicted, so experienced or professional investors/traders mustn't feel sad or cry. Investors/traders who know well crypto market cycle have prepared everything before this bearish happens. Only beginners or newbies who feel panic and even cry because they are surprised with this fall.

Losing all?
If you hold or invest in top coins or BTC, you won't lose all your funds.
You only experience a decrease in your coins' value. But it will be over once the next bullrun is coming.

As always a particular strategy or tool is only useful when used on the right context, after all while it would be a mistake to use a stop loss for the investor which wants to hold their coins for the long term, it would also be a mistake for to hold our coins for the long term when what we are buying are volatile altcoins, so regardless of whether we like to invest or to trade we need to use the appropriate tool, otherwise the chances of losing a huge amount of money increase significantly.

In this bear market, it may be best not to trade and leave the market for a while. Whether it's the bitcoin market or the altcoin market, the price is bound to run wild and you can get caught up in price volatility and we won't be able to do anything but wait. Stop-losses are used before the market price plunges too deep but if the stop-loss is used at this time, it won't be of much help because the price has fallen deeply. So the use of stop-loss must pay attention to the market conditions before the price drops drastically.

Definitely interesting period to bag more. This is golden period for every type of person, whether they are long time holder or whether they are day trader or even short time investors. Everyone got the chance. Market is so cheap right now, we could buy fro long terms or move with the market for short period of time to bag our profits.

Furthermore, this is one of the times when we used to say “I wish I could have bought the bitcoin/Altcoins when they were less priced”. Those who will miss this opportunity surely gonna regret later.

When a big storm occurs, we must be brave to cut loss, switch to stable coins and wait for the right time to buy, many speculations say that the negative trend is not over, if we do not immediately do the cut loss action then the hold for the long run is the option better.

Holding requires not much, you just need to be a patient person and there are so many people who are not patient. If people could learn that alone, they could do so much with it but they still decline it somehow. Just focus on something that would be profitable for you meanwhile, like find a hobby that can turn into a business for example, do whatever you can but do not sell your coins.

There are so many business ideas in the crypto world, most of which do not require even a capital, maybe like 100 bucks at most which everyone can earn even here. So all in all, you just need to occupy your mind somehow and make a profit like that.

Old-time traders and investors must already know that cryptocurrencies move this way and its part of the cycle. Instead of crying over their trading losses, it's the best time to fill our bags with potential coins. Yes, we shouldn't miss this chance and buy when the market fully recovered. Sometimes, our fear keeps us away from a profitable future.

Now is a really good time for this tool. At least, often this is what saves the trader from losses and allows you to change the strategy in time.

Yes if you are on short term trade. But can very well buy and place a trade on a long term investment without a stop loss. There will certainly be a pump after a correction. And since the last ATH was in last year, there will be a delay for another ATH and this is how the market is manipulated by the big hands whom we say the Whales. Yes, they are manipulating the market now and yes they are making use of the panic sales. When the panic sales reduce, the market will start moving upward.

But certainly all the stop loss targets would be hit and the market controllers would use it and grab more liquidity.
Maybe a better idea would be not to leave your screen or better stop trading till the market stablizes.

I have always been a fan of stop loss. But in three occasions that the market reversed immediately after hiting my stop loss made me believe convincingly that there's someome behind the scene who sees the point I kept my stop loss.
Even if my claim is very weird, I have decided to believe it in order to have a piece of mind.

For smart investors, what is happening today is just something not to fear of or alarming. But for those who bought coins at their high value, they must be losing right now if they start panic selling, but if they still wait for a reasonable price to sell, then losing is not visible. However, stop loss will only be useful if you want to control the losses, but if you just hold your coins until the market stabilize, then stop loss is not applicable.

But for me, stopping loss is not the best option to take at this time, we'd rather just hold. Keeping potential coins like BTC and ETH, we know that these coins are profitable long-term, selling them now is really a big regret after. We can say it was an anticipated market crash, but as we are in crypto investment, we are also prepared to hold when the time has come. In fat, we even know that this is not all buying and selling, but also we have to practice how to hold.

The long term people may not like it, but also very short term ones do not like it neither. Like for example if your aim is a quick 5 minute trade, buy and sell right away hoping you would make a profit, which usually deals with leverage trading since only then you could make a good profit, but if you do 50 of these a day on spot then you could still make a profit, then you may not like stop loss neither.

This is why stop loss is for people who would like to hold between 24+ hours to 6 months, anyone who wants to hold between those periods could use it, aside from that there will be absolutely nobody that could make you that kind of profit.

For those trader that can't keep up with the current market dump situation it's preferable they apply the stop loss. Cause at this moment not everyone can withstand the financial fall even though the may tend to take a bull direction to equate the situation cause it's not gonna  be like this for too long but, the big question is "when could that time be"?

On the other hand, it's at this market period that you will know who the real traders are cause under this market dump there are those that are still pulling out some bucks while others are lamenting.

I think it's normal for every trader to use stop loss in every trade because you can't always be right and also the market can decide to play around and hit your stop or change direction totally. So it's a must to use stop loss. Anyone not using stop loss is merely gambling.

When it comes to trading, being right is the most difficult task there is. It's just another part of impossible as an accurate prediction of the market means your never going to lose and loosing is a part of trading either we like it or not. No matter how professional you might claim to be, your surely going to meet some loses in your trades.
This is where the Stop Lose comes to play and define the point where it says, I can't bare it no more. Stop loses are no foe but a helper and should be used by most traders to minimise lose. No Stop Lose and a trading analysis goes wrong, your bound to hurt on a trade in ways you never thought of just because of neglect.

Stop loss is a must every time to avoid huge losses, but some people don't put such thing especially if they have a huge amount of USDT and only using 3-5x leverage. However, it is different for those who are using 25-50x leverage and not using stop loss, I mean that's gonna give you a mini heart attack and so much frustration whenever you got liquidated.

I always use stop loss especially when I'm about to leave my trade and do something else.

Stop loss is just necessary if you are doing leverage-trading to avoid huge losses or being liquidated. Having a stop-loss will ease your mind when you can't monitor your leveraged-trade. But if you trade on spot, there is no reason to sell at a loss unless you are experienced in trading and see the market will dip more so you sell your coins that time to buy more amount when its price goes lower. Hodling in this current season is the best choice for me if you aren't good at trading,

I don't think that was the best option for now since the market is declining badly. Maybe in those days that Bitcoin is still at the $30k level and major altcoins aren't dumping hard but for now, it never saves you, it only gives you heavy losses if ever you push to sell. What we need for now is to hold, we can still be hopeful with the market knowing that someday we could see changes in its momentum. We can't be like before when our emotions dictate us.

Fell down more than what I expected, as you said if someone learned to use the feature few days ago or when it's at peak then probably they get the benefits but after the huge dive then its actually the time for buying, maybe it can fall further but anything below 20K is huge discount just count as much as you can and wait for the next couple of years.

Those people who are dealing with such high leverages must be aware of the risks involved. I am not saying that people who do that are all veterans and smart people, some newbies give it a shot as well and sometimes they fail and lose money. However, they "should" be aware of it, that is the requirement to get involved.

If you do 50x stuff, then how could we say that you would not be able to make any type of stop loss, and still expect it to move like a regular market would. That is risky and something that would make you lose money a lot if you are not careful. This is why I always have stop loss, and never do high leverage trading.

Most traders with 25-50x leverage usually don't use stop loss, tho. They're sort of 'quick in, quick out' in a short amount of time riding some candle with a low fund like $50-100. If they lost, they lost.
Everyone tries to short in this bearish market but the stop loss is what the exchange mafia aiming for to liquidate your fund. I said don't use stop loss, playing low ball with $100-500 and 5x leverage at most with high liquidate price mark if you can afford (cross or large fund). Eventually, it will go down since this is bearish season.

Without a doubt they should be aware of what they are doing and the consequences of using such a massive amount of leverage and lose a trade without a stop loss, and yet despite knowing the consequences of their actions a lot of people still decide to use that tactic and then they lose a massive amount of money, and the reason is simple they only think of all the money they will earn and not even once they think about the money they could lose, which without a doubt it is a critical mistake.

We can definitely say that a stop loss is mandatory only if you trade with leverage, since a sharp price change may lead to the liquidation of your position. As for spot trading, you will have the opportunity to close your position yourself after a correction, which usually happens after a dump.

There are some few traders that do not use stop loss like me. Example was yesterday that I used RSI and Bollinger band to determine an overbought position, using 1x leverage to open long position for bitcoin, I was losing $72, it would have been loss if I used stop lose, but later the market corrected itself and I gained $49. I would have gained more up to $154 if I waited to see the price to be at the oversold area on the chart, but I just closed the position before it became oversold but it even dropped more than the oversold area before it start to rsie.

If our analysis says that the market must turn around a few hours later, we don't need to use stop-loss because we can lose the opportunity to benefit.
But if we are in a position that does not really know what will happen a few hours later, the use of stop-loss can be done.
Everything will depend on how we analyze market movements and if we have often traded, we can certainly know what to do and can certainly adjust to the situation.
If the position of the market movement is not good, we can get ready to use stop-loss.

I don't really think you are right, I know is really good to use stop lose but is not mandatory, I can enter a trade and I won't use stop lose, using stop lose is just a choice because not everybody really like using stop loss and they always make their money, it those not mean they are gamblers or they are bad traders, I believe using of stop loss is just a choice, I know lot's of traders that don't use stop loss even during bear market and they still trade successfully.

Actually, using stop losses is not only for this kind of season. Stop-loss can help us to manage our fund and also a market for sure. However if we are a day trader or short-term holder, a stop loss can really help us to minimize or decrease the loss. As long as we know the right time and rate for stop loss, this is good enough to do it. However, if we are long term holders, we may not need stop loss because we are willing for long term.

It's true that the stop-loss feature is not mandatory for us to use, depending on the results of the analysis and also the market situation.
I also made several trades without using the stop-loss feature and managed to make a satisfactory profit. Because the stop-loss feature must be
used at the right time, it doesn't mean we don't use the stop-loss feature like a gambler. That's the importance of trading courses, so that we can
learn many things, and know how to use the stop-loss feature well. In my opinion, sometimes too much use of the stop-loss feature can reduce
the profit we generate. So the use of the stop-loss feature must be wise.

Yes it is indeed a choice and everyone has their own way of trading too,
so when we see a trader there is using a stop loss and there is not using it I think that is a very normal thing,
what is clear is that everyone has the freedom to trade and it depends on their individual preferences

Now is the right time to use this tool. I think that this may well allow the trader to avoid losses.

Stop loss is really necessary or the best thing to do is to convert your crypto assets to stable coins so you will be safe from the bearish market. We are not sure if the bear market is already over as bitcoin has not fully recovered yet, so more opportunity to buy or accumulate and that is something not to be worried about.

This is the function of stop loss. When you use stop loss you have a perfect peace of mind while on the trade because the worst that can happen in that particular trade is to lose that part mapped out of your balance that you have decided to trade with.


It is actually not a must depending on the traders experience or choice but it is required because it helps to reduce our loses. I have realize using of stop lose is better to be used when we reduce our risk. Because the reason for the negative experience that have made traders to recount bad experience by using stop loss is to take higher risk and when the stop loss is caught up, it will take off huge amount of our balance. Taking lower risk trade is better with stop loss.

then what about the holders? do they gamble too? I don't think so!, I'm also a holder and don't use stop loses,
I bought a coin today and I believe that my coin will increase in the future, and that's the holder,.

There are too many people who do not know the benefits they have when they are doing a leverage trading. They are using something that will allow them to make more money than what they could afford and that is the reason why most people use leverage, and the benefit of it is still beyond them. Look, you could turn your 1k into 10k if you wait long enough and if you have a high leverage and that is understandable and I understand that some people may enjoy that and it's fine.

But the reality is that, people who are veterans do not turn their 1k into 10k with leverage, they turn their 1k to 1.1k and they get out. Because, it is much easier to do that, with high leverage, your 10 dollar profit could become 100 dollar profit and you could keep doing that constantly many times inside just one day and you could make a killing out of that for sure without a problem at all.

Even if you use a stop loss, you could still lose money if your analysis is poor. Using a stop loss does not guarantee that you won't lose money, if you don't do you analysis well you will still lose money even if you use stop loss. Let's assume you are trading with $100 and you want to exit the trade when you are at lost of $10, after your stop loss have been triggered, you are left with $90, If you don't do proper analysis and enter another trade with the $90 that is left after your stop loss has been triggered and you set your stop loss to exit the market when you are at $10 lost, if the stop loss is triggered, you will be left with $80 and will be losing money over time. I believe doing proper analysis before entering a trade is the best. Sometimes your stop loss will be triggered then the coin will bounce back.

Stop loss is very important and useful for the trader. I use many times to stop loss that's way, I lost my money a little of. I know many of them whom don't use stop loss and the lost their money. I see many of them are going to be much painful for the token Luna which is damaged many people life.

Personally, I do not use stop loss, especially when I trade in bitcoin, stop loss means that you will inevitably lose when the deal hits the stop loss, but for me I prefer to use hold instead of stop loss, stop loss is good when you trade on chitcoin. As for bitcoin, I do not recommend using it at all because bitcoin It will definitely go back up again, it's only a matter of time, you just need some patience, you don't need a stop loss at all because you will be a loser, but with Hold you will definitely be a winner.

You don't have to see stop loss as a loser method but a method of trading that helps you not to lose all your money at once. What stop does is to help you leave some part of your money for another opportunity to try and regain your lose incase you lost out in the first trade. Whether bitcoin or not, stop loss is a good tool for stopping your risk to be over stressing to your account.

It is well worth it to work with this tool. I think that its correct use may well bring the desired result.

Stop loss would really be relevant when you are really dealing with active trading but if not then i dont see for it to be necessary but there were people who do make use of SL tools even on long term or price swings

which i dont consider not to be bad but of course there would be its con's on where it would really be considered loss and wont really be having  the chance on breaking even or something talks about recovery

just because it had been triggered then its considered to be a complete loss.Stop loss would be useful if you are actively dealing with the market but if not then it wont really be that necessary
for you to make use.Even myself doesnt set out because if it falls to negative then i would simply really be just wait for the entire market to make some change trend.

Using stop-loss isn't a must, it is optional. If you think stop-loss isn't the best solution for your coin, you don't need to use it. Especially for Bitcoin, that is proven to increase again after the huge dump, no worry to hold it in our wallet. I also never use the stop-loss feature for my Bitcoin because I rarely trade it, I prefer to make it as a long-term asset. It is simple, we just need to keep it in our wallet until the next bullrun. Sure, it requires a patient because we must wait for several years.

Everything depends on your trading or investing strategy, and while there are a few people that can make do without a stop loss the truth is that a great deal of the newbies will benefit from having one, as the whole point of the stop loss is to protect yourself from suffering massive losses in a single trade, which is the number one problem of most newbies, only once people have left that stage on their development and have become more refined and knowledgeable then traders could stop using a stop loss on every single one of their trades.

If you set the stop loss incorrectly, it will also lead to the loss of the deposit, as if you did not use it. The only difference is that it will take longer. In this case, we must correctly set the level at which we open a long so that the set stop loss is below the support level or above the resistance when opening a short position.

It’s not a good time to sell if you aim for good profits, but if you are selling some of your altcoins for bitcoin, that way it will never be a loss and will be a helpful one. However, it will always be an edge if you prepare enough funds prior to bearish market, and after you have made profits from the bullish market. That way, you will never run out of funds and you can always maximize your purchase particularly if you also do DCA-ing this time.

Yeah.. you are actually right on this, because I can remember this recent fall in the price of Bitcoin from $30,000 to $20,000, I lost almost half of my invested asset, because the fall in price happened so quickly that we never knew it won't bounce back so soon. Only had it been I used the stop loss feature, am sure by now I wouldn't have been regretting the way am doing now. But actually this experience have thought me a lesson which I won't forget so soon. So using the "stop loss" feature is the best thing to do now to avoid the tragedy it's volatile market nature today

In the case of trading, for me, the most important thing is the Stop Loss, of course you have to know how to place it, but the ideal is to be able to trade with the corresponding tools, with stop loss and take profit at the same time, something that not all excahnges have it, in the case of binance if there is a long position the only way to protect is with the stop loss, and if it goes up a lot you have to move the stop loss, but that implies being glued to the chart and that is something that at least to I don't like it, because I like to do other things and not just be involved in trading, so I don't know how to use the stop loss.

What happens is that even if you become a full-time trader and you do nothing else it is still unrealistic to think that you are going to be able to watch the markets all the time, and as we know the volatility in this market is so high that the price can change incredibly fast while we are sleeping, so if you do not use a stop loss by the time you wake up you could realize that you have lost a significant amount of money and if you are using leverage you could lose all your capital just because you did not took advantage of one of the best tools we have available to reduce our losses.

The purpose of using the Stop Loss strategy is to save us from losing a lot. Many people never appreciate this but that was their opinion. Definitely yes, they will just realize the importance of this when they already suffered big losses.
Well, I don't ask and urge traders to use this but I would encourage them to look into this strategy and even try just for them to know how it helps us in the time that we are not the computer and the time when we left our trade open for selling.

While using a stop loss is completely optional because each trader is free to trade in whatever way it suits them best, at the same time I find a stop loss to be almost indispensable if you want to become a successful trader, and this is because a great deal of traders are only thinking about the profits that they can make not understanding the money they do not lose is probably way more important, it is because of this you get to know who is a good trader during the bear market and not during a bull market, because during a bull market everyone seems like they are a genius as all the market is going up at same time.

For those people who are only dedicated to placing certain types of signals, without taking into account their own and meaningful analysis, the stop loss should be placed without any debt, but for a person who has made their respective analysis, although it may be very Well, I recommend using the stop loss a lot, but you really have to know how to place it, because sometimes for not knowing how to place it well, the stop loss was not activated and I kept losing, I think this is one of the things that cannot fall into error, because it translates into loss of money.

Good advice for day-traders who are involved with leverage and spot trading to have their trading account get protected while dealing with the volatile market Bitcoin ,but the stop lose in my view do not have anything to bother the long time holder / investors as they got nothing to do with stops loses. So for every day trader it is always good you ensure you use stops in order to protect yourself from blowing out your entire portfolio. The best thing one should do now is stay away from leverage trading or any form that will liquidate you, rather the best thing one should do now is to accumulate more of Bitcoin and wait for future ,do not be in ghast to make money rather it's time you engage yourself with other sources of income and then from there you sustain yourself.

I don't why would an investor or a holder will do a stop loss. They are having their coins to hold it for a long time and will not care how low will the price go, They are just accumulating and accumulating on different price points. Traders are the one that should use a stop loss, I've seen many liquidation because of not having a stop loss this is why I don't forget to have a stop loss on every trades I am having whether it's a spot or in futures. For the season we are having right now, I can agree that adding other source of income and to start accumulating is the way to go.

I agree with you on this. Especially for traders it's very important to keep a stop loss always. You always should make your trades with risk and reward in your mind and if some uncertain volatility just magically kicks in, it should not disturb your whole calculation so it's best to always have a stop loss on the system itself than just keeping a mental stop loss because sometimes market would fall so rapidly that you won't be able to put your mental stop loss in the system in time.

Stoploss would only be that relevant and effective when you are an active or daytrader on which stop losses could really be that useful whenever you do set out on particular short time frames which is worth to use

on but for long term holders then it wont really be that necessary i would say just like others been saying which i do fully agree on that one.Honestly this would be entirely be depending on someone
if ever they would see that SL would be relevant or not but just like i said when you are going for long term then it would really be just fine for you not to use it.

Stop loss is good strategy that a trader uses to decrease their failure and select certain value when the price of market become in dip so there will no harm to his money so in this case he will decrease his money loss. You should all use it because the market price is not stable any time there become decrease in price so you will not have any trouble about losing in trading.

It is.

Most traders know how to stop loss and the newbies aren't the ones that uses it because they're confident about what they do. But take it to the professional traders.

They know that the market is unpredictable and that's why they set it around a few percentage of losses and they'll set the stop loss so that they still have that much to switch into other trades.

the use of stop loss will set how much loss will be cut when it reaches a predetermined limit. but some beginners still don't use it so it will be fatal for trading. spot trading may still look safe if you don't use stop losses, but if futures trades don't use stop losses it will allow for faster liquidation.

It's because they think that it's easy.

As they trade, they think that they're good with those few wins that they take and that's why confidence will make them lose a lot of money.

And for the futures, honestly, I am seeing more traders losing money there, newbies and even those that are old timers.