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joshy23
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March 25, 2019, 08:49:49 AM |
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There is a recent addition in most exchanges and that is stop loss capabilities. Do you think this will improve trading experience and ensure one remain profitable on the long run? What is your thought about this?
I don't really understand the feature, many people say that such features will only increase the risk of trading. In trading I prefer the manual method, even though there are many new bot features or make it easier to trade but I prefer the manual method, for me the manual method calms me more when trading, even though the negligence of time can be detrimental to manual traders. It's a must not to use things that you are not familiar with, but if you are also open for changes then stop loss can also be consider, most of those day traders use this to avoid certain loses when a big dumped happen to the market, this feature can be an asset for your advantage as long as you are open for any possible advancement from this field. |
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sidkz
Copper Member
Jr. Member
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Activity: 1218
Merit: 1
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March 25, 2019, 09:54:28 AM |
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I had such a moment on my binance, I did not put a stop and lost 30% of my capital, the first time I saw this, the price was simply punched down placing orders at 120 BTC.
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Noa_Amable
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March 25, 2019, 10:28:07 AM |
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There is a recent addition in most exchanges and that is stop loss capabilities. Do you think this will improve trading experience and ensure one remain profitable on the long run? What is your thought about this?
well, sometimes there is no use of stop loss. especially when you don't use margin trading |
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iv4n
Legendary
Offline
Activity: 3122
Merit: 1171
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March 25, 2019, 10:58:14 AM |
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Stop loss is a good feature, I use it in two cases when I plan to short or to simply quit from that investment. Shorting is with bitcoin or some other main coin, that you believe in long term. I bought and prices is going down, I have my stop loss activate at some mark, when price touch that mark I`m reviewing situation and waiting for price to drop more and buy. With unknown alts, shitcoins stop loss is for a reason that if price goes down there is not going back up, so just quit that investment, you had some loss, get over it, learn something from that and continue.
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BitcoinTurk
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March 25, 2019, 04:41:47 PM |
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There is a recent addition in most exchanges and that is stop loss capabilities. Do you think this will improve trading experience and ensure one remain profitable on the long run? What is your thought about this?
The stop loss feature is a useful feature that should be used with extreme caution, although it is a useful feature for everyone. Unfortunately, this feature is used incorrectly by many people. The use of very low stop stop loss will often cause damage in sudden price fluctuations and should be used at an ideal price range. Furthermore, it is necessary to be selective in the field and service that it is used in every service since this is not working perfectly. |
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Ultimist
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March 25, 2019, 09:40:57 PM |
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I think this is a great innovation. Because it is not always possible to sell a coin on time before it falls very much. And stop loss function helps to trade successfully.
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Malsetid
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March 26, 2019, 02:02:41 AM |
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There is a recent addition in most exchanges and that is stop loss capabilities. Do you think this will improve trading experience and ensure one remain profitable on the long run? What is your thought about this?
The stop loss feature is a useful feature that should be used with extreme caution, although it is a useful feature for everyone. Unfortunately, this feature is used incorrectly by many people. The use of very low stop stop loss will often cause damage in sudden price fluctuations and should be used at an ideal price range. Furthermore, it is necessary to be selective in the field and service that it is used in every service since this is not working perfectly. I agree. I think most of the sudden dumps have been affected as well by trades hitting stop losses without the traders even being aware. It iss helpful for loss control that's for sure. But if not used correctly, it affects the market also. I use stop loss but i check first the suggested percentage on when to use it. |
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cryptodukeguy
Newbie
Offline
Activity: 108
Merit: 0
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June 17, 2019, 12:06:26 PM |
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Any news about mpcx's bonuses during the IEO? I couldn't find them on https://mpcx.co/ |
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zergenyt09
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June 19, 2019, 06:42:02 AM |
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Okay, this feature can be found in forex and binary, but does that mean that people are not losing when they trade forex and binary? Nope, you will lose at sometimes. Well, the good thing about stop loss is that it will minimize the losses that you should have encountered in the trade, and that's if you use it the right way. And stop loss can sometimes make you miss out on huge gains if you're not there to direct your trade once is stops. Your stop loss might be set at a small percentage and if you're trading a market that is highly volatile, price can drop and the stop loss will be executed, the next thing you know the price starts going up.
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Kimonoe
Member
Offline
Activity: 700
Merit: 10
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June 19, 2019, 09:41:49 AM |
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There is a recent addition in most exchanges and that is stop loss capabilities. Do you think this will improve trading experience and ensure one remain profitable on the long run? What is your thought about this?
The stop loss feature is a useful feature that should be used with extreme caution, although it is a useful feature for everyone. Unfortunately, this feature is used incorrectly by many people. The use of very low stop stop loss will often cause damage in sudden price fluctuations and should be used at an ideal price range. Furthermore, it is necessary to be selective in the field and service that it is used in every service since this is not working perfectly. I agree. I think most of the sudden dumps have been affected as well by trades hitting stop losses without the traders even being aware. It iss helpful for loss control that's for sure. But if not used correctly, it affects the market also. I use stop loss but i check first the suggested percentage on when to use it. stoploss is very helpful if we rarely see the market because of busy life in the real world. indeed with stoploss can reduce the risk of greater losses, because it will close automatically at the price set if the price is contrary to our analysis |
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k-a-r-l-0-2
Newbie
Offline
Activity: 21
Merit: 1
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June 19, 2019, 03:38:16 PM |
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Stop loss features is very important and necessary for a trader. Cause we can safe our money after start market fall. If we set our stop loss at some reasonable loss then we can safe from big losses.
I agree, my exchange has stop loss and I wouldn't use one without it. Particularly because I margin trade and short which obviously incurs a greater risk. It allows me to add additional funds to a position that seems to be going off the rails if I feel the market will turn back around to my favor - but with a limit that I feel comfortable with. I like the option to use a variety of order types like protection and OCO as offered by primexbt. This is a good variety for me to maximize my profit potential at the same time as minimizing the risk of loss. Also being able to trade on the go with an app to prevent getting stopped out early when using a stop loss is incredibly valuable if, again, the market looks like it will recover. |
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whyrqa-1
Member
Offline
Activity: 364
Merit: 10
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June 23, 2019, 05:35:48 PM |
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I am still not very strong in trading, but I have already managed to make sure that the main thing is to make the right choice of a trading exchange with great functionality. thanks to the services provided by the trading exchange, an experienced trader will be able to control the electronic one, even if he is absent on the exchange.
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D3m1r4wanti
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June 25, 2019, 01:40:51 PM |
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Any news about mpcx's bonuses during the IEO? I couldn't find them on https://mpcx.co/You should not ask questions or request information in this thread, you can ask directly on the ANN thread, or thread bounty from MPCX, and more specifically you can ask their telegram group. |
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EXtremeAEX
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June 25, 2019, 04:06:28 PM |
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There is a recent addition in most exchanges and that is stop loss capabilities. Do you think this will improve trading experience and ensure one remain profitable on the long run? What is your thought about this?
Stop loss is a great helper. After the purchase, it helps the trader to get out of position in a small minus if its need. At first glance, it seems that this is a bad tactic to get out of deals in a small minus. But in the long run, such a tactic can save you from a situation that has developed with many traders in 2018. Only greed doesn't give you time to get out of the deal. So learn how to control your greed and trade with stop losses. |
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