Stop loss feature in Exchanges

[Huskarls]

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 think this feature is often used by beginners and it is also good for both parties, beginners choose an exchange that has this feature because some of them may play it safe, while the exchange also has more traders who naturally increase their trading volume

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[apityeh71]

One of the big my mistake in crypto trading is did not use stop loss, i was loss more than 50% because i did swing trading and i dont have many times to monitor the market . The price of crypto very high fluctuacion and in one day the price can be going up and down more than 50% , so use stop loss is must be in crypto trading. Currently only some exchange provide this feature,  so for the better only use exchange that provide this feature.

[wayancrypto]

Use stop loss in trading is one of the risk management so that mean we should be use it for every single trade. I been loss much money in crypto trading because did not use stop loss and i used exchange that does not offer this feature. Just like forex trading and stocks trading we should be use stop loss and take profit in every open potition to avoid big loss and to make profit by consistently.

[harleymasters]

I think this function is a great tool that gives investors the opportunity to collect profits. Stoploss at the right time can help you overcome your greed to succeed. From what I know professional traders all use stoploss to minimize the risk when the market changes unexpectedly and make you fail to keep up.

[Supercrypt]

Honestly I have been in crypto for 6+ years now and last month was the first time I have ever used stop loss. I am more into trading methods right now than I have ever been because I have already made my profit and take it out so I am basically trading with profits only and that means I can lose all of it and still be fine with it since its quite low amount and not my own money (well it is mine but it feels like not mine) hence long story short it feels like its fine for me to test these things out.

I tested stop loss at 3900 recently and it went under it and it sold it and I rebought it at 3600ish levels, I am really happy with that because we know the trend levels of bitcoin right now and if you move accordingly it is quite easy to make profits. Now I put a sale at 4150 which is about the max we reach (around 4200 or so but I didn't want to risk it) and put another stop loss at 3900 again. Lets see which one will happen.

[@Hakermania@]

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?

It is absolutely a positive thing. the exchanges are becoming more advanced because the number of players that need them has increased. The stop loss is one of the best tools for to protect your investment

[akram143]

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?

It is absolutely a positive thing. the exchanges are becoming more advanced because the number of players that need them has increased. The stop loss is one of the best tools for to protect your investment

In trading we can definitely do some mistake and it common for all people the things we can do love is changing the habit and learning something you will be very useful for the future that we cannot do that mistake anytime again if you learn that it will be more useful in the future

[Yamifoud]

I think this function is a great tool that gives investors the opportunity to collect profits. Stoploss at the right time can help you overcome your greed to succeed. From what I know professional traders all use stoploss to minimize the risk when the market changes unexpectedly and make you fail to keep up.

Stop-loss is one strategy that could help for a safe play but still you need time and focus on our trades.  But not all the time you'll be profitable when there is unexpected huge dump of prices. You can still be losing if you don't have time study flows and it's market chart,  so therefore, you should always checkinh you trades every now and then.

[mamesso]

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?

It is absolutely a positive thing. the exchanges are becoming more advanced because the number of players that need them has increased. The stop loss is one of the best tools for to protect your investment

I also understand this as a protection for traders, and this is important to avoid the biggest losses in trading.
all exchanges should have this feature to protect users.

[leonix007]

Honestly I have been in crypto for 6+ years now and last month was the first time I have ever used stop loss. I am more into trading methods right now than I have ever been because I have already made my profit and take it out so I am basically trading with profits only and that means I can lose all of it and still be fine with it since its quite low amount and not my own money (well it is mine but it feels like not mine) hence long story short it feels like its fine for me to test these things out.

I tested stop loss at 3900 recently and it went under it and it sold it and I rebought it at 3600ish levels, I am really happy with that because we know the trend levels of bitcoin right now and if you move accordingly it is quite easy to make profits. Now I put a sale at 4150 which is about the max we reach (around 4200 or so but I didn't want to risk it) and put another stop loss at 3900 again. Lets see which one will happen.

That's how it should play it

Price actions always reversed, so protecting your investment with triggered sell will do the trick rather than hold and watching your portfolio lower its value

however, you should know what you're doing to not be eaten up by frequent stoploss and will start FOMO upon price pump

[TopT3ns]

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?

It is absolutely a positive thing. the exchanges are becoming more advanced because the number of players that need them has increased. The stop loss is one of the best tools for to protect your investment

I also understand this as a protection for traders, and this is important to avoid the biggest losses in trading.
all exchanges should have this feature to protect users.

Maybe in future almost all exchange will add that feature. Because in past only a few who has it. But maybe they have their own reason why not add that feature since first open their exchange, like bittrex for example.

[adaseb]

One thing you need to remember with stop losses is that they might not always work effectively depending on where you set your stop loss.

A few days ago some angry Bitmex user said his stop was executed at $4000 but he set it actually at $3850 and resulted in a huge loss. Looking at the chart data you can see that price very quickly went from $3850 to $4040 and set up a chain domino effect of buying due to stop losses and margin calls, and most likely there was no sellers at $3850 for that user and it didn't fill until $4000. This user was short BTC.

This is why if you set a stop loss under or above a major resistance/support area you might have trouble getting it filled, especially with no slippage.  Similiar situation happened when the $6000 yearly support was broken last November. There was massive selling and no buyers left and hence the reason why it dropped so low so fast.

A good example of stop loss slippage in the stock market is during the USA employment numbers report which comes out on the first Friday of every month, usually there is a crazy spike and your stop loss can easily not get filled.

[shoreno]

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?

It is absolutely a positive thing. the exchanges are becoming more advanced because the number of players that need them has increased. The stop loss is one of the best tools for to protect your investment

I also understand this as a protection for traders, and this is important to avoid the biggest losses in trading.
all exchanges should have this feature to protect users.

Maybe in future almost all exchange will add that feature. Because in past only a few who has it. But maybe they have their own reason why not add that feature since first open their exchange, like bittrex for example.

yes i agree on what TopT3ns said ,  alot of exchange dont have a stop loss feature .  that is also the reason on why many traders have lost thier assets because before but good thing that some exchange already realized the importance of this feature .

I think this feature is often used by beginners and it is also good for both parties,

no . it isnt only for beginners becase this can also be useful for pro traders that trade oftenly  .

beginners choose an exchange that has this feature because some of them may play it safe .

no not really .  beginners are not picky .  they will use any exchange to practice trading and they didnt even know about this feature  .

[Huskarls]

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?

it depends on how we use it, but usually this is only good at certain times, so we shouldn't be able to use this feature, in the past year, this feature was often used for illegal activities such as pump / dump and combined with bots, who knows what now there are still or no problems like this. If we think that the market will tend to fall, it's better not to buy first rather than having to use the stop-loss feature

[Chibongvdg]

The best way to minimize loss is always use stop loss when trading, because crypto is very volatile and can loose 100% of your funds in a day.

[sujonali1819]

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 have bad and good things. so you should think again and again before using this feature. Because sometimes it helps the trader to avoid loss and some time it through in loss.If you can not know more about this feature you can search on youtube that helps very much. But I think it has the more good feature than bad .thanks

[richcorner100]

When firstly i learn about crypto trading, i did not know if there are some exchange have feature of stop loss so in that times  i only use exchange that did not have it. Trading activity without use stop loss just the samething like betting, so now i prefer to use exchange that have it to minimize the risk in trading. I recommed to all trader to choose exchange that have it if you dont want loss more than 50% of your trading balance.

[Nnedaddy1]

The benefits of the stop loss feature implemented in exchanges cannot be over emphasized.
It actually makes trading easier and exciting ulie when the feature was not in place.
As a trader, you are able to use the stop loss feature , set your order and go to sleep without the need to be monitoring your trade every other minute.

[topkhai]

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?

Decision to put this automatic fitur stop loss is an uncomfortable choice. Why? because that means we have accepted the loss. However, every trader has the right to decide for himself which trading model best suits him, whether by using a stop loss or ignoring it, it returns to the trading strategy used by each trader

[enawati]

Did not use stop loss in crypto trading is big mistake because crypto with high fluctuacion that also mean the risk very high. All crypto already going down to more than 85% so by use stop loss we will never loss alot of money. Stop loss feature will reduce the loss from wrong trade. Stop limit, trigger order and price condition is feature that we can use for stop loss, so use exchange that have this feature is recommended.