Stop Loss Trading

[Cotton Candy]

Hey everyone.  Do any of you professional traders out there have advice on the best situations to use stop-loss in a trade?  It would be much appreciated.

ricseb

Stop-misfortune is utilized when the cost of a coin achieves the base worthy value set by the merchant. For instance, you purchased a coin for 0.134 eth. After the buy, you assessed the circumstance and put a stop misfortune this is available to be purchased at 0.10 eth. This is a sort of protection against the way that the cost will go even lower and you will be in a solid short. Likewise there is a take-benefit. It is utilized to settle benefits.

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[mklost]

As I know, Every trader loses sometimes. Loss and profit is the common thing in trading. You can't make the only profit without losing anything. And, without loss, you can't be the great trader. A loss in trade is very helpful to make the good experience about how to make the profit in trade. If you have big money to trade then your loss will be little if you trade with good coins. But, If you start trading with a low amount of money and you lose, then that amount will seem to you very big. That's it. This happened to me a long time ago. But now I know I can trade and I am very happy with my profit.

[JakeVTiano]

I would be very sad if the transaction occurred

[sumanto]

to be able to stop losses in trading you seem to need expertise and can control your patience so you will not get the loss again because if you can not control your patience then I am sure you will only get a lot of losses.

[lushlife]

I can't say I'm a professional trader, but I switched to scalping
and I feel safe if I set my stop-loss on 2-3%

[kenel]

from YouTube bloggers can advise Gerchik, from the literature I can recommend books by Edwin Lefevr " Memories of a stock speculator"

[noah tall]

Stop loss is a good strategy right now, all traders must have the analysis to do it.
But if I go deeper I think should do buy back and wait a while to sell.

They are like the best thing to always learn first most especially as a trader either short or long term.
One thing about the market is that even with analysis you cannot always be 100% right all the time as things can happen the other way round and one thing with huge loss is that you are already set for hitting the point where you may just have to be patient or buying back some more lower to at least compensate while moving up. Stop loss is highly important if you do not want to find yourself in such shoes.

[patrickj]

I think figuring out how to appropriately set a stop loss, and stop restrain are totally essential to being a decent merchant, and not being left holding packs that no one needs. In case you're contemplating trading, and have never known about these terms, at that point begin looking into now as it will spare you from losing a considerable measure of cash in the event that you incidentally get tied up with a pumped coin or the market totally down.

[posi]

I am never using stop loss, because i am always paying attention to the market while i am trading, i do not like to be off while i am doing my trades because you can easily lose some opportunities to make a few extra bucks per trade, that is why

You know you might be right buddy but it also a vice-versa situation because it not good to spend so much time watching the market movement and I'm saying this cause I have see some people that loose their investment through such act. Therefore, there's limit to everything.

[dunfida]

Stop-loss is used when the price of a coin reaches the minimum acceptable price set by the trader. For example, you bought a coin X for 0.11 eth. After the purchase, you evaluated the situation and placed a stop loss (this is for sale) at 0.10 eth. This is a kind of insurance against the fact that the price will go even lower and you will be in a strong minus. Also there is a take-profit. It is used to fix profits.

Stop loss would always been helpful but still having a significant negative effects yet you cant able to recover back your loses specially when the volatility would spread up on bigger ranges where it can trigger up your stop loss frequently this is why I don't use it up but rather just letting the price do negative as deep as it can but this is risky and do really like gambling at all yet there are really times which you do really trust up coins potential. For swinging trades this is also a helpful tool.

[EXtremeAEX]

Stop-loss is used when the price of a coin reaches the minimum acceptable price set by the trader. For example, you bought a coin X for 0.11 eth. After the purchase, you evaluated the situation and placed a stop loss (this is for sale) at 0.10 eth. This is a kind of insurance against the fact that the price will go even lower and you will be in a strong minus. Also there is a take-profit. It is used to fix profits.

Stop loss would always been helpful but still having a significant negative effects yet you cant able to recover back your loses specially when the volatility would spread up on bigger ranges where it can trigger up your stop loss frequently this is why I don't use it up but rather just letting the price do negative as deep as it can but this is risky and do really like gambling at all yet there are really times which you do really trust up coins potential. For swinging trades this is also a helpful tool.

I completely agree. My answer was about a question of what a stop-loss is.
Of course, to use this tool, you need to understand many points, know when to use it, and when not. Many traders lose when using stop-loss. Personally, I also use it only in certain transactions and only under certain circumstances. Therefore, I recommend to everyone and the author to start with a good understanding of different situations in the market and how these situations affect the price of coins. And only then start to use this tool.

[Ifamily]

I sometimes use Stop Loss in trading. But Better to wait for favorable situation & keep patience. Winning too much may not be good. Pick right stuff @ right time & wait

[Winnerschapel]

In trading, its always advisable for people to have stop loss in their trading and thats it. Its more conservative and you manage your risk when you have stop loss in your trades. If you dont use stop loss and the trades goes against you so much, you would lose money

[Moon Catcher Pro]

Hey everyone.  Do any of you professional traders out there have advice on the best situations to use stop-loss in a trade?  It would be much appreciated.

ricseb

What exactly do you want to hear?
Any position must be protected by a stop-loss
as the crypto-currency markets are very volatile
If you are interested in a specific place to install a stop-loss
Then it must be installed in specific places, such places are determined by technical analysis, and testing these patterns on history, depending on the instrument.
And only after testing the algorithm you can start trading
Otherwise, you will not do it, as trading is hard work.
If you are interested in learning more about trade, I have my own resource: http://www.insiderport.com/
Or find another community where you can find the advice of practicing traders

[Ibas samara]

loss is a must to deal with in trading, because it is a risk. but with the strategy and mastery of how to trade, a trader can minimize the risk. for professional traders, loss is a valuable lesson for more and more experts to trade.

[The Scorpion]

Due to this up and down rollercoaster type of movement, if you set a very tight stop loss (where the stop loss is set quite close to the current price), then these natural ups and downs of the market may very well trigger your stop loss even though, overall, the asset's value is going in the direction you want. It's a delicate balance to strike, and familiarity with the type of asset you're trading will help inform how "wide" (far away from the initial price of the asset) you set your trailing stop loss. It's no use setting a stop loss which will just be triggered by the ebb and flow of the normal market conditions.

[MVT_Freedom]

Stoploss is handy for situations where the Risk/Reward ratio is bad.
Or when you don't want to risk it, or when you think like I'm going to take a shit.

[Gdra467]

Even so-called professionals fail in crypto trading. It's not all rosy along the journey can learn to copy trade. People usually do it Forex trading and the same principles should work for you here.

[trader34]

Hey everyone.  Do any of you professional traders out there have advice on the best situations to use stop-loss in a trade?  It would be much appreciated.

ricseb

Using stop losses is very important during your trading activity, however, I recommend not to use very tight ones or they will end up being caught just for simple movements of the market and you'll probably lose money.

[gilad215]

Stop loss are really very important in trades whether you are in for long term or short term. Stop losses help you from getting completely rekt which is a very common happening in such a volatile market. Try to decide your stop loss according to past volatility trends. If you tackling with a very high volatility coin, go for a loose stop loss else a tight one. This you have to judge according to your investment.