stop loss management

[jaloto]

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

[Davidovic]

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

[Malsetid]

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

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

[vixcious]

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

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

[deisik]

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

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

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

[DeadCoin]

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

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

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

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

[mung_nasib]

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

[Mpamaegbu]

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

But you shouldn't use them blatantly and thoughtlessly. To put it differently, you shouldn't force yourself to use them just because it is the right thing to do.

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

[frankcastle19]

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

[deisik]

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

But you shouldn't use them blatantly and thoughtlessly. To put it differently, you shouldn't force yourself to use them just because it is the right thing to do.

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

In general, it depends

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

[carlfebz2]

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

But you shouldn't use them blatantly and thoughtlessly. To put it differently, you shouldn't force yourself to use them just because it is the right thing to do.

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

In general, it depends

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

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

[izanagi narukami]

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

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

[akram143]

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

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

[pushups44]

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

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

[Pamadar]

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

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

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

[carlisle1]

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

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

[gabmen]

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

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

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

[Bitcotalk]

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

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

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

[Whosdaddy]

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

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

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

[FanEagle]

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

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

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

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

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