Stop-Loss ideas

[mast3rm1nd]

Hello; I'm pretty new at trading crypto. I'm interested about thoughts and strategies about stop-loss percentages and strategies you guys use. at first I would not sell at a loss regardless my motto was "at least 5% profit, always" but if I want to trade more with a limited budget, I need to back out from certain coins even at a loss. that's why I'm interested about this topic.

[MissionPhailed]

I don't know if the stop-loss mechanic is such a good idea when trading crypto; more than often one gets a coin for a certain price, then value drops 40% or so below said price, after which the price absolutely skyrockets. You would basically deny yourself a possible substantial future profit in many cases when you actually implement a stop-loss tactic.

[Script]

I don't know if the stop-loss mechanic is such a good idea when trading crypto; more than often one gets a coin for a certain price, then value drops 40% or so below said price, after which the price absolutely skyrockets. You would basically deny yourself a possible substantial future profit in many cases when you actually implement a stop-loss tactic.

Most of the times it will save your money, your profit.

In this game it is more important not to lose money than to make more money, don't fear missing out, if it's going down sell it, risk management is everything.

[Hui8]

If you are sure about your motto to achieve five percent of profit then you don't have to worry about loss side as long as the coins are dumping like crazy. In altcoin market you can face worst dump, like 29-30% downward movement than your investment point. Thus, you can get naked with your trade at anytime in fraction of seconds. To achieve most of the stability you can decide to invest in top coins only which are raising at least in the last 24 hours of trade. This will just make sure that your coin is not gonna dump at least and you would be in the positive side of trade.

[Maum]

Unfortunately stop loss order is not supported by many crypto trading services. My settings where stop at loss 10% under current price that is to be followed on move up and stay static when price falls.

[MissionPhailed]

I don't know if the stop-loss mechanic is such a good idea when trading crypto; more than often one gets a coin for a certain price, then value drops 40% or so below said price, after which the price absolutely skyrockets. You would basically deny yourself a possible substantial future profit in many cases when you actually implement a stop-loss tactic.

Most of the times it will save your money, your profit.

In this game it is more important not to lose money than to make more money, don't fear missing out, if it's going down sell it, risk management is everything.

Well, it kinda depends on how you're active within the cryptomarket; if you're an active (day)trader and keeping track of trading movements on a frequent basis, than a stop-loss tactic could actually be beneficial. In this case you can ditch an underperforming coin to catch another 'train' actually leaving the station.

However, when planning to hold a coin long-term you can seriously bite the dust with that strategy; Ethereum for instance had a lot of ups and downs below $10 in 2016 before becoming an absolute monstrosity this year.

[Iranus]

Your risk here is buying coins and then hitting the stop loss from ordinary fluctuations regularly.  For example, the Bitcoin price dropped to around $1800 fairly recently after a bullish period and then went drastically higher afterwards.

Stop loss is important if you're trading short-term or you don't believe in the long term prospect of the coin.  But the majority of investors who are actually successful would tell you that if you don't believe in the long-term success in the coin, you're unlikely to succeed because you're playing around in a zero-sum game without a lot of expertise.

Personally I only use stop loss if the price has just risen drastically and I'm intending to sell.  That way I place stop losses as it goes up and sell when a correction comes near the top.

[audaciousbeing]

Hello; I'm pretty new at trading crypto. I'm interested about thoughts and strategies about stop-loss percentages and strategies you guys use. at first I would not sell at a loss regardless my motto was "at least 5% profit, always" but if I want to trade more with a limited budget, I need to back out from certain coins even at a loss. that's why I'm interested about this topic.

Stop loss idea to me is just common sense and that is setting a limit to what you can absorbed and be decisive when you want to make decision and at the same time never be ruled by emotions because that is one common mistake in trading. But when the above is settled, you are sure to not only limit the losses but also be able to make reasonable profit from various trading activities.

[deddod]

My strategy for dealing with losses is to back up my losses by repurchasing coins at a very low price. But if my funds are limited, I sell all my coins and look for the benefits of another altcoin.

[iamTom123]

Hello; I'm pretty new at trading crypto. I'm interested about thoughts and strategies about stop-loss percentages and strategies you guys use. at first I would not sell at a loss regardless my motto was "at least 5% profit, always" but if I want to trade more with a limited budget, I need to back out from certain coins even at a loss. that's why I'm interested about this topic.

I am just new at trading as well and many times I must admit I also committed mistakes of choosing an altcoin  that really tanked...then I am trapped as the value is really less than half of what I bought them. I still kept some of them in the hope that one day they will find the needed energy to mount a pump. However, there will come a time when I would push them for sale so that I can convert them back to Bitcoin which is right now back on the swing. Cutting losses can be important because we are running against time here. If you think that a coin is still sleeping you might as well transfer the same value to another coin which has the potential for more growth.

[gabbie2010]

Hello; I'm pretty new at trading crypto. I'm interested about thoughts and strategies about stop-loss percentages and strategies you guys use. at first I would not sell at a loss regardless my motto was "at least 5% profit, always" but if I want to trade more with a limited budget, I need to back out from certain coins even at a loss. that's why I'm interested about this topic.

Well as a good  trader you should always put a stop-loss in any trade this is applied to avoid losing all your investment this is applicable to those trading with candlesticks and do not forget to trade with 5% to 10% of your total investment and trade with the amount of money you can afford to lose.

[datodota002]

I am also new to crypto trading, I sometimes make a mistake when buying bitcoin while on peak and hope it will continue to climb, but it turns out the candle bar decreased, when I was in such situation I wait about 1-1.5% loss and i cut my loss, after that i waiting until the bitcoin going to stable and buy it. because i believe the price will always go up, it will go down and floating. and in that floating price i make it as entry point

[n4poleon]

It may be helpful to base your stop-loss at around the previous lows and tolerance level of losing. Charting is really helpful on this, I suggest that you may want to take time to learn charting and actually read and interpret the charts yourself, there a lot of materials around the web for this. Don't forget to take a look on your market volume. You wouldn't want illiquid market unless you want to wait for days to fill your orders. Goodluck.

[Zadicar]

Hello; I'm pretty new at trading crypto. I'm interested about thoughts and strategies about stop-loss percentages and strategies you guys use. at first I would not sell at a loss regardless my motto was "at least 5% profit, always" but if I want to trade more with a limited budget, I need to back out from certain coins even at a loss. that's why I'm interested about this topic.

Having stop-loss is always been suggested because if im having this kind of limits i wont easily burn up my money if prices would go on opposite way.Motto is always on earning a percentage depending on our target. You can make trailing stops later on if you are ready on the risk ahead if you do believe that prices might still go or down even more.This is my trading style. Trailing stops would comes next if i do know that prizes would potentially go in the right way im expecting.

[Hutalar]

Hello; I'm pretty new at trading crypto. I'm interested about thoughts and strategies about stop-loss percentages and strategies you guys use. at first I would not sell at a loss regardless my motto was "at least 5% profit, always" but if I want to trade more with a limited budget, I need to back out from certain coins even at a loss. that's why I'm interested about this topic.

I am just new at trading as well and many times I must admit I also committed mistakes of choosing an altcoin  that really tanked...then I am trapped as the value is really less than half of what I bought them. I still kept some of them in the hope that one day they will find the needed energy to mount a pump. However, there will come a time when I would push them for sale so that I can convert them back to Bitcoin which is right now back on the swing. Cutting losses can be important because we are running against time here. If you think that a coin is still sleeping you might as well transfer the same value to another coin which has the potential for more growth.

Absolutely the thing is if you have idealized of being stop-loss strategy then you must have to keep your eyes open and just see the price charts of all the coins if you have. As long as you are in profit in anyway, keep them and if you are not then just sell it in another coin. Bitcoin is good for many reasons and one is its yielding profit. It is volatile and maximum times it is going like pump so you can make more than 5%.

[JohnnyNnex]

Thanks for the topic and everyone for the answers. Can someone share interesting sites or articles on this topic ?

[Whosdaddy]

Hello; I'm pretty new at trading crypto. I'm interested about thoughts and strategies about stop-loss percentages and strategies you guys use. at first I would not sell at a loss regardless my motto was "at least 5% profit, always" but if I want to trade more with a limited budget, I need to back out from certain coins even at a loss. that's why I'm interested about this topic.

That idea of stopping your loss and taking profit was actually created so that if you are investing you won’t lose too much of your investment or you would be able to cash in on the market lets say when you are sleeping and the market moves in your favor.

A stop-loss level must be derived from technical analysis like a stop-level must mean to change of current trend. Otherwise we may lose profits by putting stop-loss in high fluctuate market conditions.

[omonuyak]

Most of the professional traders don't used stop lose in trading bitcoin and altcoins. The reason why they don't used stop loss is because they always do their analysis in place and they don't over trade. Most of them trade with just 2% of they risk capital. I have been trading for quite some time now and I have never used stop loss and I hardly lose in trade!

[kingntking]

Hello; I'm pretty new at trading crypto. I'm interested about thoughts and strategies about stop-loss percentages and strategies you guys use. at first I would not sell at a loss regardless my motto was "at least 5% profit, always" but if I want to trade more with a limited budget, I need to back out from certain coins even at a loss. that's why I'm interested about this topic.

In the trading world(I mean USD/EUR, EUR/JPY) and other markets using the stop loss and take profit orders is the greatest and the best way for you to make money off your investments but it should be used carefully, because you might regret that you stopped your trade too early cos of these two.

[PAKYU]

if you are in short position you can use %20 stop loss and %20 take profit.