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Author Topic: Trading Can Be Difficult With Tight Stop Losses  (Read 99 times)
Solondrado
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January 08, 2019, 04:44:22 PM
 #1

I see a lot of traders talk about setting tight stop losses. The problem with this is that you can get stopped out + incur a fee for the stop loss. Managing exorbitant fees can get pricey, especially if you're day trading or utilizing arbitrage. The easiest way to trade is to find exchanges that offer the lowest fees for buying, selling, utilizing stop losses ect. Right now Nauticus is offering .001% fees, so this is an exchange that you could potentially utilize (https://nauticus.exchange/). Also, it is important to watch out for people on twitter claiming to use TA's. I see a lot of people constantly changing their TA's every hour. This isn't "Trend Analyses", but rather guessing...
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January 29, 2019, 07:45:08 AM
 #2

Is that new crypto exchange?? Currently just afew exchange provide feature of stop loss, and as trader who want to manage the risk of trading, we have to choose exchange that have that feature. The trading fee of each exchange is different but not much, the trading fee of exchange is between 0.075% to 0.2%. Other than trading fee, we have to choose exchange base on high daily trading volume so we get best liquidity and low spread.

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January 30, 2019, 11:44:14 PM
 #3

At first time I see this thread I think will find out a brief explanation about managing "stop losses". But after reading deeply the content I am surprised that it is not a tips, but another exchange promotion. Man, I think you need to make proper title, don't trap people with this way.  


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January 31, 2019, 03:05:40 AM
 #4

I see a lot of traders talk about setting tight stop losses. The problem with this is that you can get stopped out + incur a fee for the stop loss. Managing exorbitant fees can get pricey, especially if you're day trading or utilizing arbitrage. The easiest way to trade is to find exchanges that offer the lowest fees for buying, selling, utilizing stop losses ect. Right now Nauticus is offering .001% fees, so this is an exchange that you could potentially utilize (https://nauticus.exchange/). Also, it is important to watch out for people on twitter claiming to use TA's. I see a lot of people constantly changing their TA's every hour. This isn't "Trend Analyses", but rather guessing...

Stop loss meaning limit that you can't break, the purposes is to protect your asset from bigger lost. This fitur use it depend your money management because every strategy have different target to out, so calculate with true data is very important. Use your mindset to see reality not just dream, reality will create understanding that X factor always there.

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January 31, 2019, 12:50:28 PM
 #5


Right now Nauticus is offering .001% fees, so this is an exchange that you could potentially utilize (https://nauticus.exchange/). Also, it is important to watch out for people on twitter claiming to use TA's. I see a lot of people constantly changing their TA's every hour. This isn't "Trend Analyses", but rather guessing...


I am posting this for the sake of the newbies, not as an "attack" on someone or something.

Everyone should preferably pay for higher fees in a more trusted, safer, and secure exchange than having a higher probability of losing your coins in an unfamiliar exchange.


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January 31, 2019, 01:44:02 PM
 #6

The problem with this is that you can get stopped out + incur a fee for the stop loss.
I think the fee should be the least of your problems, unless the stop loss is really really tight and it gets triggered often. To be honest I have never traded with tight stop losses and I have no clue how it goes, but the fee of 0.001 percent is super low and should not affect your balance much. Regarding the people on twitter throwing TA charts in hindsight I have stopped following them long time ago. These so called trading experts are not worth your time.
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January 31, 2019, 07:35:41 PM
 #7

Also many coins change small by small every single day, a coin that dropped 5% in an hour could recover in a minute and get to minus 3% instead of 5% which means if you put up a sell on 5% you will most likely lose your money instead of keeping it for better.

When you have a tight stop loss in the end you will always keep losing your money from the small changes in the market, stop loss is there so you do not forget about your coin and do not check the market and see that it lost over 40% in the recent weeks. You put up something like 10% or even 15% and that way you will be fine because if a coin moves more than 10% or 15% that usually means it will go down even more but if something goes down 5% it really doesn't mean anything. That is why I suggest going with something like 10% or more.
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January 31, 2019, 09:22:28 PM
 #8

I always prefers a wide stop loss or virtual stop loss to a tight one in trading cryptos due to their volatility which is usually very high A  trader will easily loss money when a trade goes against him for a while before resuming the the right movement however the trade had already been taken out.

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February 01, 2019, 01:30:40 AM
 #9

what you're talking about is true, playing bitcoin is about guessing where the market will go,
because after all when we have read the chart, candle and made the conclusion, in the end the market will determine where the market will go,
and this is where the alarm stop loss function and here we also have to look for an exchanger that provides a stop loss feature.
and this is indeed very important to do.

 
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February 05, 2019, 07:45:53 PM
 #10

Actually, stop loss in cryptocurrency is not very useful because only a few markets have trading systems using margins. Reading the situation when you have to sell and when you have to buy is the most important thing and you can use the order book as a reference. Because that's where the key stoploss in cryptocurrency is really.

 
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