Is stoploss worth it ?

[pawanjain]

I have set the weekly target of 2% profit on the capital amount which is quite easy knowing that BTC swings about 2% on a daily basis and hence it would be an easy target to achieve.

I am achieving the target but as the recent dip was a big one, it took away all the profit I made. So is a stoploss worth a try so that such big dips don't take away the rest of the profit I make ? Should I consider placing a stoploss for such a small target ?

[1714871510]

1714871510

[1714871510]

1714871510

[1714871510]

1714871510

[DJohnson]

I have set the weekly target of 2% profit on the capital amount which is quite easy knowing that BTC swings about 2% on a daily basis and hence it would be an easy target to achieve.

I am achieving the target but as the recent dip was a big one, it took away all the profit I made. So is a stoploss worth a try so that such big dips don't take away the rest of the profit I make ? Should I consider placing a stoploss for such a small target ?

If you aren't comfortable with the price dropping so much then yes you should use a stop loss.  If you are willing to hold bags and wait things out that is fine as well, depends on your trading style.  However, if you want to trade more often in order to try and capture more profits you will want to use a stop loss so your money isn't tied up in positions that are losing.

[apityeh71]

Yes stop loss is very useful to use to avoid big loss,  crypto market open all the times and we are not possible to watch the chart every times. Price of crypto really high fluctuation and unpredictable,  so stop loss will help to avoid loss.  In trading I always use stop loss and take profit by 1:3, that mean if stop loss 5%, and then take profit should be 15%.

[karungbitcoin]

Based on my experienced in crypto trading, stop loss is very worth because this feature possible to cut the loss immediately. In my trading activity i has been did not use stop loss and when the price down 20% just afew hours i did not cut loss it and waiting for the price back to going up, but the price keep down and down and my loss become bigger, and if i use stop loss like 5% so i will only loss 5% and i can buy back in cheaper price so i can recover that loss when the price going up again.

[binhvo1505]

I have set the weekly target of 2% profit on the capital amount which is quite easy knowing that BTC swings about 2% on a daily basis and hence it would be an easy target to achieve.

I am achieving the target but as the recent dip was a big one, it took away all the profit I made. So is a stoploss worth a try so that such big dips don't take away the rest of the profit I make ? Should I consider placing a stoploss for such a small target ?

of course. Never neglect small amounts, because most of our traders are losing money because of the small downs of the market.
We need to be careful in trading. Let's look at every index and make our portfolio the lowest loss, that's a good trader.

[gabmen]

Well for me it definitely is. Especially if you don't have that much to spare. It's part of managing the risks i take which is already quite high enough with trading and holding. It can be your safety net to avoid excessive losses.

[cokroalif]

For most traders, the decision to put this stop loss is an uncomfortable choice. Why? because that means they have received 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

[Awesomus Maximus]

I am achieving the target but as the recent dip was a big one, it took away all the profit I made.

With this sentence above you have identified the main reason why a stop loss is worth it: "To save you from big dips." Depending on the platform you trade on, it may or it may not get triggered. But most of the time it will prevent you from losing all the profit you have made. The other side of the story is that stop losses are visible on the platform you trade on. The big players know where the majority of stop losses are. They may move the price toward the stop losses to pick them up and provide enough liquidity before moving in the other direction. This is a real danger for most of the retail traders. All things considered, I think it is better to trade with stop losses, always.

[whirlcoin]

I am achieving the target but as the recent dip was a big one, it took away all the profit I made.

With this sentence above you have identified the main reason why a stop loss is worth it: "To save you from big dips." Depending on the platform you trade on, it may or it may not get triggered. But most of the time it will prevent you from losing all the profit you have made. The other side of the story is that stop losses are visible on the platform you trade on. The big players know where the majority of stop losses are. They may move the price toward the stop losses to pick them up and provide enough liquidity before moving in the other direction. This is a real danger for most of the retail traders. All things considered, I think it is better to trade with stop losses, always.

To be more profitable we definitely need to achieve the losses more less this will be the only way to get the decision of profit that we have set in our mind so my opinion is in you have entered into trading you need to set all the things before trading on your mind.

[rhomzkie26]

I have set the weekly target of 2% profit on the capital amount which is quite easy knowing that BTC swings about 2% on a daily basis and hence it would be an easy target to achieve.

I am achieving the target but as the recent dip was a big one, it took away all the profit I made. So is a stoploss worth a try so that such big dips don't take away the rest of the profit I make ? Should I consider placing a stoploss for such a small target ?

Aiming stop loss I think would be a hard thing for the traders,  that's the reason why most of the community in this field of business they always said the the market was unpredictable, even the experts can't read the accurate things will happen in the chart, it maybe close unto it but not precisely achieve it. So, if you are not sure or comfortable on what you are doing, well I guess it is good to hold your coins in a long term than to sacrifice your coins into loss in the end.

[St4yInTh3D4rk]

Basically the margin in the stoploss trading needs to be around 6% and it also very easy to achieve with the crypto price swigs so it is really worth to do to increase profits but it long term you need to care about the market situation as well and stop or start trading accordingly if you want your profits to be stay with you.

[Coolman4]

only when we lose we will know the value of stoploss

[michellee]

Sometimes, stop loss can help us from a big loss especially when the big dumping of the price is coming. But if there is nothing happen, and it's only temporary for the down of the price then stop loss will only make us lose the chance for the next increasing of the price. It is difficult to detect or to know if the price is getting drop without a chance to back to the higher price or not and we could only watching closely for the market and sometimes by watching of the history from the coin can help us to determine if the drop is only a flash drop or not.

[XXXgames]

only when we lose we will know the value of stoploss

yes its true we set the stop loss then its sell and again going up

[Kopyleft]

Stop loss can be very useful if used properly amd professionally. It helps prevent excessive losses when a trade goes against you and you are not disposed to close the trade, but could also pull you out of a trade too quickly and you miss out if the price makes a reversal.
The key is using it properly.

[playboy654]

Stop loss can be very useful if used properly amd professionally. It helps prevent excessive losses when a trade goes against you and you are not disposed to close the trade, but could also pull you out of a trade too quickly and you miss out if the price makes a reversal.
The key is using it properly.

Yes it will be more useful when you use this opportunity more profitable in the right way like using the professional thing also helpful you to get satisfied with this but don't make over confident with anything anything will be happen to anyone easily.

[bohr]

I have set the weekly target of 2% profit on the capital amount which is quite easy knowing that BTC swings about 2% on a daily basis and hence it would be an easy target to achieve.

I am achieving the target but as the recent dip was a big one, it took away all the profit I made. So is a stoploss worth a try so that such big dips don't take away the rest of the profit I make ? Should I consider placing a stoploss for such a small target ?

If you want to get profits no matter how small then you need to use a stop loss, I know it may look to not be necessary when you are aiming for such a low amount of profits but if you do not do it then you are going to experiment the same thing happening to you many times, you will get some profits and you will lose it all when you make one mistake.

[eaLiTy]

So is a stoploss worth a try so that such big dips don't take away the rest of the profit I make ? Should I consider placing a stoploss for such a small target ?

Having a stop loss feature will help you in cases where the market is having a huge drop, when the market had a huge rally last year everyone knew the market will reverse anytime after some time so during that time I made full use of the stop loss feature as I knew once the market crashed it would be a big one. I will not suggest using it with a small price range drop as the volatility level is high.

[enawati]

Alot of trader and investor was lossing money more than 90% because they did not use stop loss. They just confidence the price will keep going up, and decided to hold after loss more than 50% but finally the price keep down more than 90%. If they did use stop loss , so they will never loss too much.

[automaticmoney]

Stoploss definitely worth it in trading we need to minimize the losses in the market so we should keep stop loss whenever we open a trade