Stop loss feature in Exchanges

[manggis97]

When firstly i learned about crypto trading,  i was loss much money and also sometimes missing big profit when the price bull run,  and then asked to my friend, what is the solution for this my problem,  and then he suggested me to use exchange that has feature of stop limit,  this feature we can use for stop loss and trailling stop.  He said we will never know how high the price of crypto going up when bullish market and we will never know how deepest the price will going down when bearish,  so this stop limit function will help to minimize risk and maximum the profit.

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[Ividanik]

Experienced traders don't use this function. Every second is valuable, the swing can dramatically change it's direction, and if you have this function on - you lost right away. (Lost the chance to see market change / lost your chance to earn full profit). It's better to be able to control the situation then just watch it.

[BobTrade]

Anyway I don't know why, by instance on Binance (but probably on other exchanges aswell) it's not possible to put at the same time Stop Loss and a Limit Order. I mean, I want to put my target price (high one) and the stop loss, and I've tried several times with no chance at all. So everytime I must choose between putting stop loss or my target price and this is very risky due sometimes I could lose the target or miss the stop loss , maybe when I'm sleeping..

[rumexx]

Stop loss button in an exchange platform is a vital tool in the platform which help traders to mitigate their losses. As a trader  there are some precaution that you need to observe so that you will be able to trade for a while before you lose your trading capital. Stop loss is a major part of the precaution. It is an innovation  which this exchange has introduced and will attract more client to them.

[Yunbalo]

Nowadays, there are quite a lot of people applying for this campaign, I find that the lower the price of coins, the more we buy, do not worry too much about buying, will reduce your risk, and reduce the risk. So do not worry too when the market falls

[aloktyagi.gz]

stop loss is very necessary when you hold long term. i have lost 30% when not putting cutloss for ethereum
I have lost and hope you are not like me

[aencarnaci]

Thank you for your suggestion, I know this is as common as it gets and you are probably writing this for merit or post count or signature or whatever but in the end people do need a reminder that when their portfolio looks like its bleeding its because they did not properly used the stop loss option, I am one of those people too.

I don't know why we do not put a sell order at a level which would make sense so that we won't lose too much when the market goes to full bear mode.

I also use buy method where I put some money on low amounts like crazy low and hope that one day someone will be stupid enough to get there from buying all of the market.

[Davidbugs2]

I am not in favor of it, I still in the favor of hodling until you earn decent profit.

[Meysa_richa]

Yes, it's true that experience like that will be able to increase your income in the long run and I don't think it's ever a problem.

[Rexxxem]

I think stops are OK for margin trading (like XBT/USD on Bitmex), so you dont lose everything. I dont use stops at all while trading alts on Binance

[medconindi]

Stop loss is essential to maintain your investment. You have to understand that there is money we can continue to play.

[Lanatsa]

You should be careful when using the stop loss feature. Institutional investors use the fact that many people set stop losses (as they are usually taught to do) to artificially engineer liquidity in the market. Moreover, they intentionally trigger the obvious stop loss levels by pushing the price toward them. For example, if their real intention is to go long, they may push the price below a certain level they know most of the retail investors set their stop losses at, and then, when these levels are triggered they can have enough liquidity to go long. If you don't want to get burned in such a way, better learn how these things work and how to identify institutional manipulations before getting into this stop loss feature.

Stoploss is good but when it comes to volatility nature of crypto prices then most of the time or high chances that these would be always triggered specially when manipulation do exist or having big swings on prices.These are only good when we do trade up with forex and stocks but on crypto im not really using up much because i know it can really be triggered or reached easily unlike if you do let just make it on negative float you do have still the chance to recover.

[btc_angela]

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?

What recent addition? stop-loss have existed before. I'm not sure what exchanges you are talking about. As long as you know how to used it then you should be good. The problem is that newbie traders doesn't understand it and thinking that using this method will save them from such losses. There's no fool proof strategy here. Everything is at risk so its going to 50/50 in my opinion.

[emberbekas]

I don't use such feature in crypto trading. All I do is just buy when I had a good feeling that the price will move up in the next couple of days. And sometimes I do cut the loss when I am in a bad mood in regards with the price movement. Such feature maybe good for others but for me, it won't improve anything at least till today.

[gabbie2010]

Personally I always  features stop loss in my trading plan to avoid heavy losses bearing in mind that Cryptos are very volatile that is why I traded with the exchange that has such a feature hence I always  deployed a very wide stop loss according to percentage of my total investment eg 2%

[fullhdpixel]

Is this true that in the future asset trading in the market has a stop loss feature, if so, this feature is very useful to avoid large losses when there is a decline in asset prices on the market

People just do not make use of them; this is something that I have always used on bittrex and binance. But for some of this platforms, it works best for those who are into long term trading or using the longer time frame to trade and not for those who are scalpers and using a very low time frame, because you will not get your stop loss executed in that manner.

Although, there are platforms that still offer effective stop loss, such as bitmex and the likes, but at this point, you are not in the lane of normal trading but marginal trading.

[Maricurijohn]

I don't use such feature in crypto trading. All I do is just buy when I had a good feeling that the price will move up in the next couple of days. And sometimes I do cut the loss when I am in a bad mood in regards with the price movement. Such feature maybe good for others but for me, it won't improve anything at least till today.

Yes, that is a prediction, it is your senses, me too, trust and buy into hold waiting for the opportunity to increase the price to sell, no need to use any features in the market This

[Bennix]

Stop loss feature in exchanges is good because it helps traders to reduce a very high loss especially when there is a big manipulation from whales.
A trader may buy a coin especially when the indicators tells him to buy,but whales might push the price  60% below the support level.
When this happen,whales will accumulate a very big amount of coin and be selling it at the price majority of average traders didn't buy,and if someone use stop loss he might loose only  7% of his coins instead of 60% of which if he is smart enough he will buy many units of that coin and make more profit.
Many traders loose 80% of their coins/tokens because they were using exchanges with no stop loss features.
Stop loss also helps trader to adjust the price of the coin they bought especially when the price is moving up.
For example,i may buy a coin at 20 sat ,and it moves up to 30sat.What i normally do is to adjust the stop loss to 26sat so if the price keeps moving up i will make more profit ,if it moves down,i still take profit.

[guoyu78]

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 feature is not something new in exchanges; it has been for a while with just very few people knowing how to utilize it. However, for most exchanges, you really need to be placing your stop loss in a very reasonable spot which is the reason why it is not usually palatable for someone who is scalping or day trading and the best option to have an effective stop loss for such type of trading is by using a Marginal trading platform like Bitmex.

[otundebis]

Stop loss have always been in various exchange I have used for many years. Except for decentralized exchange,  the top tier exchange of cryptocurrency have stop-loss tool to help and protect traders in time of market dump!