Is stoploss worth it ?

[logicgate]

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.

  Same as now, it is not good to sell or to panic our coin because I am sure market will get back to right path again so why to sell when we have good chance to make profit instead of only sopping our lose, if we see market getting down it is good to buy some more coin at affording price than taking foolish decision of selling our present coin at panic price, I only suggest you keep holding your 2 percent will become 10 percent very soon.

[Timmzzy]

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 ?

In most trade just like the day trading I believe it's worth it but regardless to long term, is not worth it due to the market can be trickish to predict.

[LUCKMCFLY]

It is difficult to give advice, since I do not know what your style is, but if you lost due to Bitcoin's falls, it is because you do not understand the market very well or if you set a Stop Loss above 10%. which, I suppose ... In my case, my most risky Stop, which I almost never place, is 10%. If I lose, I assume my loss, but if I win, I gain a 3 to 1 ratio with respect to my Stop Loss.

[omonuyak]

If you are not going to be with your system every time it is very important you place a stop losses order in other to be able to reduce loses in case of unforeseen circumstances that may cause the market to move against your open position.

[The Cryptovator]

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 ?

Uses of stop loss means save your fund from sudden drop or huge loss. You don't need set stop loss all of your trade. Its depends on situation, if there is risk for dump then you could use stop loss. For example any coin start dump after you bought then stop loss is appropriate to avoid big loss. If any coin start pump after you bough then set stop loss on profit will be appropriate. So even coin dump again at least you will have some profit, if coin pump more means you will have more profit.

So it's very important to know when and where should you use stop loss.

[oceantiger]

Stop loss is one of the major money management tools in trading. If you have limited capital for your trading wallet Stop Loss is your best friend so that you can fight today and come back to fight tomorrow. Without stop loss, your trading capital may be eroded in only one-day trading. Stop Loss can never be over emphasis in trading and money management.

[nasipadang]

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 ?

Right, you also have to set what percentage of losses for cut lose, as we know market fluctuations can go down and you can also make mistakes so as to avoid greater losses, then cutlose is also necessary, no matter how small your profit target is.

[iv4n]

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 ?

Right, you also have to set what percentage of losses for cut lose, as we know market fluctuations can go down and you can also make mistakes so as to avoid greater losses, then cutlose is also necessary, no matter how small your profit target is.

Stoploss is counterproductive with trading with bitcoins, you don`t do that with bitcoins you do that with some alts that has no perspective. When you stop loss with bitcoin it`s should be like shorting, so you sell and when price drops more you buy again (now you have amount of bitcoins you want and some extra cash left ), but that can be a trap if price suddenly change direction and start to rise. If that happens than you don`t have coins, you stop your losses and sold, you have some money but price is up, that`s not a good time for buying. I hope I gave you nice explanation.

[Ilhanassar]

 Stop lose is mandatory if you are a scalper or day trader, otherwise you will liquidate all your account and get rekt. One thing I highly insist on is that stop lose shouldn't be tight and the balance should be big enough to avoid wicks that hit stop loses easily. If you are a swing trader or an investor it's another story and stop lose isnt that important since you are sure about the trend direction.

[befriendmywater]

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 place a stoploss order at the right time and at the right price, you will not have any regrets. I think your big problem is not knowing which stop-loss order to put at a reasonable price. You can create a topic about how to place a stoploss to get people to comment. Maybe you will understand more and get a better strategy for yourself.

[Wexnident]

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

If you are just going to minimize your losses, you just need to pause or rest on trading then wait for another time if you feel the market is increasing again. For me quitting after you loss is not an option but an ultimatum decision for your own good if you have lost a huge amount.

[The Cryptologist]

If you don't have a lot of time within a day to check your assets then it is very essential to have a stoploss. But in this bear market, downward movement is always the trend so I really don't think that you still need to use it. Just be a long term holder for now and activate stoploss once those tokens soar above the sky again.

[avarnet]

for now, the stop loss method must be used so as to overcome losses when trading and now it is indeed great to get a big profit by holding back until the market experiences a large increase

[LUCKMCFLY]

Due to my little experience in trading, there is a learning that I will never forget, as long as I have my analysis done, the first thing I should place after placing the order is the Stop Loss, since in an experience I had, I placed my order forgetting Stop Loss, and the electric fluid service failed for more than 4 hours, at the time of having restored service, I had my position at a loss of -48%, initially the movement did not touch my Take Profit, it came very close, and it went down unabashedly.

[futile-resistance]

In any trading, stop loss is one of the most important tools that need to be in place and active at all times.
The market we are in is unpredictable, I understand you are a good trader and you have studied the market carefully but any change can happen at any time, so it’s best you still set your stop loss to avoid unnecessary regrets and tension, trading has to be with minimal risk to be able to fully get the best out of it.

Bad days really happen when day trading, so use stop loss to prevent any form of big losses.

[Noa_Amable]

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 keep an eye on the account and practice day trading without leverage then stop loss is not necessary. I would not use it in these conditions.

[Yamifoud]

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 keep an eye on the account and practice day trading without leverage then stop loss is not necessary. I would not use it in these conditions.

Not necessarily we used stop loss strategy if we are focus on trading cause we can always check it's market trend of a certain coin. But if you're not into full-time trader,  using this one will be helpful to prevent from losing badly. But only few of us were doing these since we can either not to sell our coins during dip unlike for those who wanting to get their funds.

[2double0]

Stop loss isn't so good if hit, trailing stop is.
If you keep changing your stop loss every time it hits one of your targets, it will definitely be a win-win situation in the long run as even if it gets back to the original price from where you entered, it will not hit your capital so hard which you can compare while having no stop loss and losing a big share.

[kodtycoon]

stopLose is commensurate if the value falls hard yeah mate indeed you must to take such action, but if your small calculation funds are better the hodl and wait for the increase above you buy because bitcoin is an instability that makes us as traders hesitant to take such action

[bitgolden]

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.

That is why the author should not see trading like gambling as you said. Trading without stop loss is what creates unnecessary panic selling for a number of people and discourage them from further trading. Like you rightly said, the market is generally unpredictable and fluctuates a lot, the fluctuation might be favoring the author now forgetting the fact that the coin being traded might have a dump price and since there are uncertainties about the coin, hence stop loss is very useful.