stop loss management

[wayancrypto]

I dont find any crypto exchange provide automatic order that we can use it for stop loss and take profit in single potition at the same times, all crypto exchange should be provide it because the fluctuacion of crypto very high. Currently only afew exchange provide stop loss feature, but when we use that stop limit feature for stop loss we can not make sell limit order. Alot of trader loss more than 10% from one trade because they did not use stop loss and the crypto market open anytimes.

[iMark]

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 use leverage while trading then you definitely need stop loss. Ans you can set it as 100 pips lower than open price.

If you don't use leverage and keep an eye on your account while having open positions then you don't need stop loss.
Price is always fluctuating and having a floating loss is not a big challenge.of course if you don't have leverage and any rollover charge

but even without leverage, prices might continue to fall from your purchase price? the most important thing is not to buy carelessly when the price is went go down or before the lowest price comes, the key is to buy at the right time, then you will not do a cutlose or stop lose

[BlackPanda]

I dont find any crypto exchange provide automatic order that we can use it for stop loss and take profit in single potition at the same times, all crypto exchange should be provide it because the fluctuacion of crypto very high. Currently only afew exchange provide stop loss feature, but when we use that stop limit feature for stop loss we can not make sell limit order. Alot of trader loss more than 10% from one trade because they did not use stop loss and the crypto market open anytimes.

We should trade naturally, it is much better because we can estimate whether we will experience losses or profits.
I don't believe in a program, I follow my instincts in trading. When we can do that we can fully control what we will do.

[armarsterling7]

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?

There are many ways to place a stoploss order properly. But according to what I did and succeeded, I think we should place a stoploss order about 10-12 units. It's quite effective and I often use that average to place orders.

[Noa_Amable]

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 should realize how much can you afford to lose for each trade.
that would be your stop loss. if you trade without a leverage and don't afraid to lose it then you can use only take profit.

[gaston castano]

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 should realize how much can you afford to lose for each trade.
that would be your stop loss. if you trade without a leverage and don't afraid to lose it then you can use only take profit.

my advice if the conditions are not possible then you should not force yourself, get out of trading when the situation does not allow it to be better than we rely on the stop loss tool

[prtty2gal2]

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 should realize how much can you afford to lose for each trade.
that would be your stop loss. if you trade without a leverage and don't afraid to lose it then you can use only take profit.

Most exchanges are now beginning to introduce stop loss as additional features into their platform now and most of them serious make heavy use of this system. Binance offers this service and once you log in to their platform, you will definitely see that option at the top menu.

We also have others great exchanges out there that offers this service such as poloenix, kraken and many more exchanges that I don’t use but the best of them for now is still Binance.

[PuertoLibre]

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 should realize how much can you afford to lose for each trade.
that would be your stop loss. if you trade without a leverage and don't afraid to lose it then you can use only take profit.

Sometimes stop loss feature wouldn't be executed depending on the situation of the market. Illiquid market conditions are the biggest reason why no one buys, sells the stop loss order and it was executed on another possible price level.

[sana54210]

Stop-loss is being used to avoid major loss even in situations where the price for the coin keeps on down falling.
It is always better to set a stop loss for each order we place because it always helps us to calculate the further loss even if the coin does not move according to our expectations.

Stop loss means to sell your coins at a lower price but before the markets completely crashes up. We really need to research deep before setting a stop-loss but is always necessary to avoid over loss.

[ongkok87]

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 should realize how much can you afford to lose for each trade.
that would be your stop loss. if you trade without a leverage and don't afraid to lose it then you can use only take profit.

so that we do not get losses continuously by stopping trading first the best way, because now is the time to hold not trading, especially every day trading

[panganib999]

Stop-loss is being used to avoid major loss even in situations where the price for the coin keeps on down falling.
It is always better to set a stop loss for each order we place because it always helps us to calculate the further loss even if the coin does not move according to our expectations.

Stop loss means to sell your coins at a lower price but before the markets completely crashes up. We really need to research deep before setting a stop-loss but is always necessary to avoid over loss.

Sometimes stop loss is not used by the veteran traders, they even hold it and i guess they think that it will pump as it dump and will probably it makes more sense. Stop loss is cutting of losses right ? but somehow it is just a regretful decision.

[Google+]

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 should realize how much can you afford to lose for each trade.
that would be your stop loss. if you trade without a leverage and don't afraid to lose it then you can use only take profit.

so that we do not get losses continuously by stopping trading first the best way, because now is the time to hold not trading, especially every day trading

I suggest if conditions like today are better you do not do daily trading because if you trade daily then it will only make you confused because movements that can not be predicted better you apply long-term trading so that the benefits you get can be more.

[nydiacaskey01]

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?

They say 10% below your bought price is good when you set the stop loss. Because if its 5%, there are times price drops suddenly at 5% then recovers after a few hours specially when the coin is very active and traded heavily. If you have time to monitor your investment and spends most of the time in front of your trading dashboard, I wouldn't use stop loss. I will decide myself when to sell as much as possible. I will only use it if I will not have control of my investments or I am away from my PC or laptop for a day or more.

[richcorner100]

Use stop loss is apart of risk management, so we should be use it for each trade. We have to know if not all crypto exchanges provide feature of stop loss. Feature of stop limit, stop price, trigger price, price condition is feature that we can use for stop loss and trailling stop. For Margin trading will be more easy to use stop loss in MetaTrader platform.

[fasdorcas]

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 should realize how much can you afford to lose for each trade.
that would be your stop loss. if you trade without a leverage and don't afraid to lose it then you can use only take profit.

so that we do not get losses continuously by stopping trading first the best way, because now is the time to hold not trading, especially every day trading

I suggest if conditions like today are better you do not do daily trading because if you trade daily then it will only make you confused because movements that can not be predicted better you apply long-term trading so that the benefits you get can be more.

Day trading can only get one confused when you don’t plan taking profit once or twice and get out of the market, if you have the mindset of taking profit once a day no matter how little without the mindset of getting huge profit before leaving, it should not be confusing, I trade daily and in the history of my trading.

I don’t lose often not because I am so perfect but because I put all my analysis to test first and at the same time take the little profit I can get for that day while still HOLDIG some for long time, so you can actually benefit from both if you play your cart well.

[Noa_Amable]

I dont find any crypto exchange provide automatic order that we can use it for stop loss and take profit in single potition at the same times, all crypto exchange should be provide it because the fluctuacion of crypto very high. Currently only afew exchange provide stop loss feature, but when we use that stop limit feature for stop loss we can not make sell limit order. Alot of trader loss more than 10% from one trade because they did not use stop loss and the crypto market open anytimes.

just set a pending order, it is the exchange trading. set the opposite pending order for the same volume and that's it

[CryptoToxicAvenger]

I always analyze all possible risks and expose it as much as I am willing to lose. Then I follow the coin and if need to move i the stop loss depending on the movement of the coin.

[XbladedThanos]

Stop loss, you should buy when the penny fell sharply, which is the best way to reduce your losses, if you sell them you will lose more, buy in and wait for the market to recover soon.

Best option is to put sell order slightly higher than the current sale so that once price surge up your order get filled first and then half the coin at a stop loss order because market volatility can just comeback to bite you man

[fullhdpixel]

As long as things are not going according to plan which you already had set out before entering the trade, it is better to get out and then look out for another entry. I know a lot of people tend to be a whole lot skeptical when it comes to the use of stop loss, but in the real sense, without it, you are easily going to be screwed.

These exchanges started using Stop-loss because a lot of peoples who are not that aware about trading feels it secure to make their profits come true. Stop loss is usually meant for those who can’t decide whether the coin is going to dump or pump and in such situation peoples prefer setting up stop-loss to instantly sell their coins if the price touches the stop-loss price.

Exchanges have done great introducing stop-loss into them.

[sedahan13]

When first trading on Poloniex , i did not know if stop limit is feature that we can use for stop loss and trailling stop, so this is my first mistake in trading, because if i know it iam will not loss much money. So learn from that, now i always trading by use stop loss. Trailling stop is very usefull in bull market to lock the profit and we can maximum the profit with less risk. So if you want to make profit with less risk dont forget to use stop loss and trailling stop for all trade.