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Author Topic: Stop loss paid for my MEAL!  (Read 149 times)
lolman1231
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August 10, 2018, 11:05:24 PM
 #1

Sorry for the attention grabbing title, need the clicks lol.

For all trades what is good percentage loss to trigger stop loss?

Or do it use it at all?

Is under 10% Loss good to say to put stop loss at?
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MegUsta
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September 01, 2018, 09:35:03 AM
 #2

I'm surprised there's no suggestions here at all. Would be nice to see what experienced trades think about stop loss strategies and percenages.
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September 01, 2018, 11:39:57 AM
Merited by pooya87 (1)
 #3

There's a lot more to looking for a decent stop loss price than just picking a certain percentage. Mostly I think it's more of looking at which price points that have good price support. I mostly put stop losses a small amount under that certain price point.

Also, it'd be more fitting if you posted this on the Trading Discussion subforum: https://bitcointalk.org/index.php?board=8.0

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September 02, 2018, 03:58:40 AM
 #4

for me, a stop loss is just an automatic sell order placed to be executed if a certain condition is met. that "certain condition" can be anything. generally you set it at some price which is your loss. for example if you buy at $6500 and don't want to lose more than 5% then you place a stop loss order at $6175 but the problem in this market is that it is volatile sometimes certain lower prices are reached for a moment before price instantly goes back up. for example if you place it under the support lines like setting it at $5900 your sell order will execute and when you come back you will see you have sold your bitcoin and the price is $6200 again.

what i am trying to say is that it is not easy or even possible to find the best solution. you always have to come up with a setup that is reducing your risks as much as it can without introducing newer risks. and of course you should always do it by analyzing the market.

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September 02, 2018, 09:02:02 AM
Merited by Foxpup (2)
 #5

I recommend avoiding stop-loss for several reasons, but primarily because if you are trading you should be paying attention. Using a stop-loss is like driving a Tesla with your eyes closed using Autopilot -- most of the time it is ok, but eventually you will die.

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Velkro
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September 03, 2018, 03:16:55 AM
 #6

Sorry for the attention grabbing title, need the clicks lol.

For all trades what is good percentage loss to trigger stop loss?

Or do it use it at all?

Is under 10% Loss good to say to put stop loss at?
Catchy title Wink.
Its all personal choice with % loss for stop loss. Take into account that its bitcoin market, price can swing 10% in matter of minutes, not days/weeks etc.
If you place 10% stop loss in FIAT markets, put 25% in bitcoin world.
Second thing, put value you are comfortable loosing.

Gwapoman
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September 03, 2018, 03:38:37 AM
 #7

market entries and market situations..take these points as your basis what percentage your gonna use for stop loss or even not use it at all..different traders have their own unique strategies in trading,there are traders who can take 40% loss and others already making an exit when their trades went -5 or 10%.trading is very unpredictable and complicated so setting standards is really not advisable.
CONSISTENCY is kind of a joke in trading so try to explore,use different strategies and always look for good market opportunities.

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chocolah29
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September 03, 2018, 12:18:07 PM
 #8

Sorry for the attention grabbing title, need the clicks lol.

For all trades what is good percentage loss to trigger stop loss?

Or do it use it at all?

Is under 10% Loss good to say to put stop loss at?

Honestly, 10% is a way too late for stop loss especially if you day trading whereas 10% is more significant. Why you're taking the risk in cutting loss if you can cut it at 5% or you can't just control your emotion that tends for you to go panic at 10%. Which is which then?

Seemingly, you should be wary from the market to avoid more losses likewise take profit more often.
Pinkprint
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September 03, 2018, 01:24:39 PM
 #9

You should take into account the support trend on the chart. The stop-loss can be 5% of your capital.
Also pay attention, so you can come back into the trade if you see the trend reversing soon.
Jundax
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September 03, 2018, 03:09:03 PM
 #10

I recommend avoiding stop-loss for several reasons, but primarily because if you are trading you should be paying attention. Using a stop-loss is like driving a Tesla with your eyes closed using Autopilot -- most of the time it is ok, but eventually you will die.

Same here.
I'm not too good at trading but I have the same opinion.
You must constantly monitor the market, analyze the trend and be able to make quick decisions yourself.
r1s2g3
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September 04, 2018, 04:57:24 AM
 #11

Is under 10% Loss good to say to put stop loss at?

I think you should not put stop loss on the basis of percentage. It  should be some support analysis that point if market reaches @ X price of  this share then its  other support much below it. So logically your stop loss should be just below the first support/resistance level of the diving market.

You need to be updated about your investment and do not wait for stop loss if your analysis is pointing that underlying fundamentals on that share are week, sell at once then.



 
I recommend avoiding stop-loss for several reasons, but primarily because if you are trading you should be paying attention. Using a stop-loss is like driving a Tesla with your eyes closed using Autopilot -- most of the time it is ok, but eventually you will die.
+1 , Quite interesting analogy.
vovanlau2
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September 04, 2018, 03:34:05 PM
 #12

10% is so small in my opinion. Because now the movement of coins so large, 20% is rational.
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