STOPLOSS? what are Advantages and disadvantages of stoploss?

[joyclicks]

Any of you know about stoploss? To what i know, Stop Loss is a type of order to limit losses at a pre-set price. As the name implies, this order is used for the purpose of risk management, preventing the market from happening unfavorably, can still limit losses.
Stop loss are usually placed with a buy / sell order. A stop loss order is placed to limit losses at a predetermined position. Setting a 10% stop loss below the price you bought, will limit your loss by 10%. For example, we have bought gold for 1,000 and put a stop loss at 990. That is, if the market price reaches 990, the order will stop.
But I want to discover more about stoploss, its advantages and disadvantages. Can anyone tell me more about this? Thanks in advanced.

Lol, do you even know what you’re saying? What do you mean by advantages and disadvantages of STOP LOSS? I don’t know, for me, your question is kind of funny. What do you expect us to say as the disadvantage? That it stops you from earning bigger or what? Stop loss it’s just a way for you to prevent loss, that’s it. If you’re looking for something more than that, then I’m sorry to say that you’re wasting your time.

[gtglener]

After reading your post it makes sense that you know it already. Well, it is what it is, you just place your orders and set the settings at desired loss and in some cases you can even put on call function where you set how much profits to be taken. In that case same goes for profits as you set up the loss and once the value reach that amount then your order automatically gets executed for it. Its pretty kind of limit order but only one way functionality. As in the limit order you would specify the price on your own per coin/tokens at which the order must be executed.

The thing about a market is that it is unpredictable, and surely all we do as traders is to take advantage of the market with the use of our strategy, but at the same time not discarding the importance of using a stop loss as the inevitable where the market could want to go lower from where it bounced from could still be there.

A lot of people who trade the market usually do not have strategy and knowing where to put a stop loss will always be a lot of problem for them and in that case, it is always going to be hard to even know how to be stopping a loss to minimize the market risks.

[ShadowBits]

Any of you know about stoploss? To what i know, Stop Loss is a type of order to limit losses at a pre-set price. As the name implies, this order is used for the purpose of risk management, preventing the market from happening unfavorably, can still limit losses.
Stop loss are usually placed with a buy / sell order. A stop loss order is placed to limit losses at a predetermined position. Setting a 10% stop loss below the price you bought, will limit your loss by 10%. For example, we have bought gold for 1,000 and put a stop loss at 990. That is, if the market price reaches 990, the order will stop.
But I want to discover more about stoploss, its advantages and disadvantages. Can anyone tell me more about this? Thanks in advanced.

I use stop loss every time and it doesn't concern me if I get stopped every time as long as my funds are safe. Just be sure that you put your stop in a good way.

[Oilacris]

Any of you know about stoploss? To what i know, Stop Loss is a type of order to limit losses at a pre-set price. As the name implies, this order is used for the purpose of risk management, preventing the market from happening unfavorably, can still limit losses.
Stop loss are usually placed with a buy / sell order. A stop loss order is placed to limit losses at a predetermined position. Setting a 10% stop loss below the price you bought, will limit your loss by 10%. For example, we have bought gold for 1,000 and put a stop loss at 990. That is, if the market price reaches 990, the order will stop.
But I want to discover more about stoploss, its advantages and disadvantages. Can anyone tell me more about this? Thanks in advanced.

Putting up stoploss would only depend if you are really conservative on risk management but using that kind of thing here on crypto wont really be much effective yet 10% volatility wont really be that hard which means single price pump or swing would just trigger your stop loss and what would you do next? Chasing up another entry order and trying to break even. If you do make trade openly you would still have the chance for recovery but still risky yet we wont know on how deep would be the negative would go.

[b3llsf1l3s]

stoploss I think there are more advantages, this is one step to managing our crypto assets. with stoploss we can reduce the impact of losses because we can adjust the possibility of prices falling deeper after being analyzed

[nydiacaskey01]

If you are going to leave and cannot monitor the growth of your investment in a exchange site like Bittrex where they offer this kind of function, use the stop loss to protect your investment in any sudden drop of price while you are not in front of your screen or not logged in. This worked for me when I was holding NXT for IGNIS airdrop. As soon as the screen capture already happened, price of NXT dropped like a fly, good thing there's stop loss. I was able to sell NXT at good price.

[centimentalking]

Any of you know about stoploss? To what i know, Stop Loss is a type of order to limit losses at a pre-set price. As the name implies, this order is used for the purpose of risk management, preventing the market from happening unfavorably, can still limit losses.
Stop loss are usually placed with a buy / sell order. A stop loss order is placed to limit losses at a predetermined position. Setting a 10% stop loss below the price you bought, will limit your loss by 10%. For example, we have bought gold for 1,000 and put a stop loss at 990. That is, if the market price reaches 990, the order will stop.
But I want to discover more about stoploss, its advantages and disadvantages. Can anyone tell me more about this? Thanks in advanced.

Lol, do you even know what you’re saying? What do you mean by advantages and disadvantages of STOP LOSS? I don’t know, for me, your question is kind of funny. What do you expect us to say as the disadvantage? That it stops you from earning bigger or what? Stop loss it’s just a way for you to prevent loss, that’s it. If you’re looking for something more than that, then I’m sorry to say that you’re wasting your time.

For me there is no harm in using stop loss. Stop loss is somewhere where one can prevent himself from the loss in trading I myself you stop loss whenever I traded on Binaance  and bittrex.

[dowellness]

Any of you know about stoploss? To what i know, Stop Loss is a type of order to limit losses at a pre-set price. As the name implies, this order is used for the purpose of risk management, preventing the market from happening unfavorably, can still limit losses.
Stop loss are usually placed with a buy / sell order. A stop loss order is placed to limit losses at a predetermined position. Setting a 10% stop loss below the price you bought, will limit your loss by 10%. For example, we have bought gold for 1,000 and put a stop loss at 990. That is, if the market price reaches 990, the order will stop.
But I want to discover more about stoploss, its advantages and disadvantages. Can anyone tell me more about this? Thanks in advanced.

Lol, do you even know what you’re saying? What do you mean by advantages and disadvantages of STOP LOSS? I don’t know, for me, your question is kind of funny. What do you expect us to say as the disadvantage? That it stops you from earning bigger or what? Stop loss it’s just a way for you to prevent loss, that’s it. If you’re looking for something more than that, then I’m sorry to say that you’re wasting your time.

Not all exchanges support that uses a stop loss. Only biggest changes like binanace and few others off for the facility or stop loss. Those who are new in trading this is a very good thing for them to prevent himself from big loss.

[Beparanf]

If you are going to leave and cannot monitor the growth of your investment in a exchange site like Bittrex where they offer this kind of function, use the stop loss to protect your investment in any sudden drop of price while you are not in front of your screen or not logged in. This worked for me when I was holding NXT for IGNIS airdrop. As soon as the screen capture already happened, price of NXT dropped like a fly, good thing there's stop loss. I was able to sell NXT at good price.

I haven't tried it yet, bit it seems really an advantage especially at times were on holiday, sometime if I knew I would be off for a week and thinks that coins will continue dropping, even Im loss ,I will just sell it especially if that place have no internet.

[Altcoins enthusiast]

The most important of stop loss order is not to allow your account to be wiped out because of the unnecessary price movement against your open position and the disadvantage is that it is possible for price to follow your analysis from the point of the stop loss.

[deppil]

stoploss I think there are more advantages, this is one step to managing our crypto assets. with stoploss we can reduce the impact of losses because we can adjust the possibility of prices falling deeper after being analyzed

Yeah with that you can also buy at a lower price to at least reduce losses but do the analysis first. make sure that prices will continue
to decline before you stop losing. don't let you sell your coin when the price has stopped decreasing

[timmydakolo2]

Any of you know about stoploss? To what i know, Stop Loss is a type of order to limit losses at a pre-set price. As the name implies, this order is used for the purpose of risk management, preventing the market from happening unfavorably, can still limit losses.
Stop loss are usually placed with a buy / sell order. A stop loss order is placed to limit losses at a predetermined position. Setting a 10% stop loss below the price you bought, will limit your loss by 10%. For example, we have bought gold for 1,000 and put a stop loss at 990. That is, if the market price reaches 990, the order will stop.
But I want to discover more about stoploss, its advantages and disadvantages. Can anyone tell me more about this? Thanks in advanced.

Stop-loss:  The Important things in investing and trading is risk management. Setting a stop in my advantage side of it reduces the risk of you loosing it all in trading. The disadvantage is that the stop price could be activated by a short-term fluctuation in a stock's price.

[Itjoker]

Actually stop loss is very good tool, that provide you to optimize and mange your risks. Of cource there is probability that the price will hit your stop loss, colse your positions and will go higher than it was before it. But I think there will be more advantages through protect your maney in early stage of falling than opening order without stop loss.

[namcunguyen]

Advantage : no need to track daily active orders. This is especially useful when you are busy with not being able to follow the market for several days.
Disadvantage : can not hit the stop loss point because it is often oscillating.
You should know where your stop is and take profits within 5% - 10% .

[buwaytress]

Putting up stoploss would only depend if you are really conservative on risk management but using that kind of thing here on crypto wont really be much effective yet 10% volatility wont really be that hard which means single price pump or swing would just trigger your stop loss and what would you do next? Chasing up another entry order and trying to break even. If you do make trade openly you would still have the chance for recovery but still risky yet we wont know on how deep would be the negative would go.

If the guy's a short-term trader like the majority of people that seem to be active here, then stoploss is the only way for them to reliably manage their performance on a day to day. It'd be crazy not to act conservative if you trade daily, no stop loss means potentially just holding more and more of your balance in orders, stuck with them and unable to take advantage of new opportunities when they present themselves.

Long term holders, or trades meant to last months, or even weeks, sure. But one or two bad swings and you're just stuck waiting for the tide to turn, unable to do anything else.

[tenakha]

In my opinion you should use stop loss if you don't have enough money so, you can lose all of your money in small move of price without ''stop loss''. Of course having some money doesn't mean you don't need to control it. But in every sense it can save you from the loss. The disadvantage is that you find the right direction of the price, but it prevents you when the direction of the price moves to reverse direction.

[Zadicar]

Putting up stoploss would only depend if you are really conservative on risk management but using that kind of thing here on crypto wont really be much effective yet 10% volatility wont really be that hard which means single price pump or swing would just trigger your stop loss and what would you do next? Chasing up another entry order and trying to break even. If you do make trade openly you would still have the chance for recovery but still risky yet we wont know on how deep would be the negative would go.

If the guy's a short-term trader like the majority of people that seem to be active here, then stoploss is the only way for them to reliably manage their performance on a day to day. It'd be crazy not to act conservative if you trade daily, no stop loss means potentially just holding more and more of your balance in orders, stuck with them and unable to take advantage of new opportunities when they present themselves.

Long term holders, or trades meant to last months, or even weeks, sure. But one or two bad swings and you're just stuck waiting for the tide to turn, unable to do anything else.

As a day trader and basing on my experience we should really need to act conservatively yet we know the field we are playing to. Active trades with every second price changes and stop loss will really be needed.
It do really depends on how a certain trader will do the trade either short or long-term ones.It is true that once you have set out no stoploss then chances on leaving you hanging is there.

[SUDARMONO]

it is absolutely true to what you say, and really is very necessary in trading, and that can be avoided in that way.

[clickerz]

Advantage : no need to track daily active orders. This is especially useful when you are busy with not being able to follow the market for several days.
Disadvantage : can not hit the stop loss point because it is often oscillating.
You should know where your stop is and take profits within 5% - 10% .

This is so true to me. Stop Loss is very useful if  you don't have time to monitor daily with your positions. Disadvantage for me is when your stop-loss is hit and then it bounce back, you cant make a buy order to recover. But its fine since losses are manageable in this way.

[Siren]

Advantages of stoploss is you can retain the capital you put about investments and saving the chances to loss any value at all.

Disadvantage is if the value of that said Coin/token suddenly grows after that stoploss limit,unless you’re active to adjust the value again then you may profit more

Though i don’t really use this everytime i trade because i make sure that i have enough time to focus totally