Is stoploss worth it ?

[iMark]

Stop loss is should be to use for every trade because we can not guarantee each our analysis will be right,  stop loss will be give advantages to cut the loss immediately from wrong trade so we can minimize the risk of trading.  Trading without use stop loss is the same like gambling because the risk will be very high.

Yeah I think every trader must have a backup plan like stop loss, there's no way you can hold back for a period of time that you don't
know right? and maybe the price can go down and continue to hurt you? then you should make plan for this.

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[panganib999]

Stop loss is should be to use for every trade because we can not guarantee each our analysis will be right,  stop loss will be give advantages to cut the loss immediately from wrong trade so we can minimize the risk of trading.  Trading without use stop loss is the same like gambling because the risk will be very high.

Yeah I think every trader must have a backup plan like stop loss, there's no way you can hold back for a period of time that you don't
know right? and maybe the price can go down and continue to hurt you? then you should make plan for this.

If i have a backup plan that would be holding the coin if market drastically decline, On my view, stop loss is for those who needs their money or on emergency status. We think sometimes that we need to stop our losses maybe we are just too emotional towards the market but for me stop loss is not really a back up plan it's your end journey for trading though you can back at it anytime.

[Altero]

Stop loss is should be to use for every trade because we can not guarantee each our analysis will be right,  stop loss will be give advantages to cut the loss immediately from wrong trade so we can minimize the risk of trading.  Trading without use stop loss is the same like gambling because the risk will be very high.

Yeah I think every trader must have a backup plan like stop loss, there's no way you can hold back for a period of time that you don't
know right? and maybe the price can go down and continue to hurt you? then you should make plan for this.

If i have a backup plan that would be holding the coin if market drastically decline, On my view, stop loss is for those who needs their money or on emergency status. We think sometimes that we need to stop our losses maybe we are just too emotional towards the market but for me stop loss is not really a back up plan it's your end journey for trading though you can back at it anytime.

It is not just for some kind of emergencies but it is one way to avoid more losses. Many traders have applied it with their daily trades specially during bear season but it sometimes not to be effective at all times. We should analyze the market first before doing it.

[devinks]

Stop loss is should be to use for every trade because we can not guarantee each our analysis will be right,  stop loss will be give advantages to cut the loss immediately from wrong trade so we can minimize the risk of trading.  Trading without use stop loss is the same like gambling because the risk will be very high.

Yeah I think every trader must have a backup plan like stop loss, there's no way you can hold back for a period of time that you don't
know right? and maybe the price can go down and continue to hurt you? then you should make plan for this.

the name is also trading if we do not use the stop loss method it will be more risky to lose money if the market goes down. so by way of stop loss it's great to keep our money to avoid losses

[BitcoinHunt3r]

Stop loss is should be to use for every trade because we can not guarantee each our analysis will be right,  stop loss will be give advantages to cut the loss immediately from wrong trade so we can minimize the risk of trading.  Trading without use stop loss is the same like gambling because the risk will be very high.

Yeah I think every trader must have a backup plan like stop loss, there's no way you can hold back for a period of time that you don't
know right? and maybe the price can go down and continue to hurt you? then you should make plan for this.

the name is also trading if we do not use the stop loss method it will be more risky to lose money if the market goes down. so by way of stop loss it's great to keep our money to avoid losses

Actually i maybe 1 of people who not use stop loss, because i don't know it or maybe when i trade in past, i only know buy and sell. In Bittrex i already feel how loss 90% from capital because i keep hold until the coin has no value anymore.

[wayancrypto]

Trading without use stop loss is the same like bring your money to casino, and your money can be going to zero. The price of crypto is unpredictable with high fluctuacion, just like yesterday the price dumped just in afew minute, and we will loss alot of money if we did not stop loss and trailling stop.

[peonminer]

Absolutely I would have a stoploss of 1% if your gain wanted is 2%. It will prevent you from losing more capital. Maybe you can put your gain at 5% and your stop at 2%.

[susila_bai]

It is always good to keep stoploss if you are not watching the market full time, as you have mentioned that recent fall of market has created lot of users loss due to all having long position. So it is always good to keep SL just like you are keeping 2% profit margin, so this way you can lose or earn 2% daily not have to lose high when market is down.

[tadpole_bitfrog]

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 ?

I think you are misunderstanding about stoploss. What you are saying is a sell order rather than a stoploss. stoploss is an order to help you sell at a lower price and guarantee your risk.
You should just put a stoploss and just place a sell order at the same time. It will make your investment safe.

[conected]

Trading without use stop loss is the same like bring your money to casino, and your money can be going to zero. The price of crypto is unpredictable with high fluctuacion, just like yesterday the price dumped just in afew minute, and we will loss alot of money if we did not stop loss and trailling stop.

- Accurately, risks and losses will not be a small number if we do not set a stop loss because as you said, this market is always a very high volatility, very fast and unpredictable, and when we don't keep up with the movements of the market, handling our situation is slow, the market will easily take away everything from us, a lot of people already understand this feeling when their only mistake is simply not setting up stop loss. Stop loss is very important, is as a close friend helps solve problems for us when we don't have time to care about the market, traders really need it

[creeps]

Absolutely I would have a stoploss of 1% if your gain wanted is 2%. It will prevent you from losing more capital. Maybe you can put your gain at 5% and your stop at 2%.

We should have this kind of limit, whether you hold or trade. Stop loss limit can help you to prevent from a big loss. I usually have this kind of limit because I know it will be more worth it in a highly volatile market. Don’t be greedy and don’t take so much risk on holding, always think on how to save money than to lose it.

[catfishftw]

one of the things we all need to know is that the decrease in loss is a win.
we need to know that and need to do that.. decreasing your loss is such a great achievement.

[Lanatsa]

Trading without use stop loss is the same like bring your money to casino, and your money can be going to zero. The price of crypto is unpredictable with high fluctuacion, just like yesterday the price dumped just in afew minute, and we will loss alot of money if we did not stop loss and trailling stop.

- Accurately, risks and losses will not be a small number if we do not set a stop loss because as you said, this market is always a very high volatility, very fast and unpredictable, and when we don't keep up with the movements of the market, handling our situation is slow, the market will easily take away everything from us, a lot of people already understand this feeling when their only mistake is simply not setting up stop loss. Stop loss is very important, is as a close friend helps solve problems for us when we don't have time to care about the market, traders really need it

Not really a necessary thing yet even you didnt set up a stop loss and your negative goes deeper you do still have the option to hold it and you wont really lost it as long
you didnt sell and thats the advantage specially for long term aspect trades.
Stop losses is useful but you should know on when it would really be needed to be used.

[bitcoin31]

Stopping lost is sometimes are worth it because people who do way to cut their losses if the market really dump peopleare selling their coins but not mostly it is good because for sure market will get backa again the value and you will not get money because you stop your losses once you take a risk possible get mode money.

[marcous]

Some exchanges have implemented a stop loss system. And this really helps traders where they cannot monitor the market almost 24 hours nonstop. can at least minimize losses for traders. But I think this system is not too influential for traders who are used to trading activities where lost is a risk. And I believe not all traders use this system.

[Capt00]

Stopping lost is sometimes are worth it because people who do way to cut their losses if the market really dump peopleare selling their coins but not mostly it is good because for sure market will get backa again the value and you will not get money because you stop your losses once you take a risk possible get mode money.

You can stop losses if you have stopped in the middle of the dump trend, and wait until the market bounces back itself. Rather than panic selling and cut your losses it means you've accepted your lose and you can't recover it. Sometimes we can say that it is worth it but no you've already a loss.

[Gozie51]

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 ?

From this point where you are sure that you are achieving your target, I think what you need more is to keep adjusting your your take profit since it appears you are doing well to make profit. But stop loss is good too not to lose your total capital at once.

[angel55]

Whales often put up sell walls to lower the price and trigger stop losses.  This is how they accumulate coins for cheap and then they dump them during the next pump.  don't fall for their trap, I would never suggest using a stop loss for crypto because these markets are naturally volatile.

[ymer]

Stop loss valuable for safe exchanging however in crypto exchanging my fortunes so awful, Some of the time I utilized stop loss at that point showcase hit my stop misfortune a skip back yet clearly utilizing stop loss the best thought and security trading

[tbossmitche]

I absolutely believe stoploss is important when you are trading in any capacity. As much as you might want to make a lot of profit, you need to protect yourself from excessive losses. I will like to term the stoploss feature as a risk management strategy and I advice everyone to inculcate the habit of using this feature as it could save you a lot of pain. Stoploss is important in times when the market is pretty unpredictable and we cannot keep up with the price movement. Your biggest mistake will be not to set up the stoploss feature. If you've not tried it till now, you should and you'll be thankful you did.