Stop Loss, A life saver or a evil?

[redigaffi]

Hello,

I had this question in mind, since many of my trades with an adjusted stop loss got triggered, but then the market goes in the direction I wanted, but since it got triggered basically im out. I know this is due to big fishes messing around.

What do you guys think, is stop loss something or, or not so good?

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[wajik-tempe]

Hello,

I had this question in mind, since many of my trades with an adjusted stop loss got triggered, but then the market goes in the direction I wanted, but since it got triggered basically im out. I know this is due to big fishes messing around.

What do you guys think, is stop loss something or, or not so good?

Stop loss is a must for a day trader. Stuck in a coin in a long time is not better than loss a bit of capital and move to another trades with chance to get more profits. So stop loss is the key for day traders who lives their life with trading. But we have to determined where we want to stop loss first before we enter a trade

[Apened]

Hello,

I had this question in mind, since many of my trades with an adjusted stop loss got triggered, but then the market goes in the direction I wanted, but since it got triggered basically im out. I know this is due to big fishes messing around.

What do you guys think, is stop loss something or, or not so good?

For me its better to have it but try a different way of setting it to stay on a trade because right now market is so volatile in the means of manipulation everywhere its uo to ypu of you want to put all of the risk or still mamage your risk and wait for the setups. The only bad thing is when your position was caught in the act most of the time or maybe your stop loss was too tight on your entry. Try a different place and approach how you will place it.

[rijaljun]

Hello,

I had this question in mind, since many of my trades with an adjusted stop loss got triggered, but then the market goes in the direction I wanted, but since it got triggered basically im out. I know this is due to big fishes messing around.

What do you guys think, is stop loss something or, or not so good?

It's never bad since your prediction (to take profit) isn't succesful and it forces you to trigger stop-loss. All you need to do is to have a better prediction and consideration for your trading so you won't trigger stop-loss and could take profit from every of your trade.

[panganib999]

Here's the thing. You don't blame stop loss for stopping you from earning a profit, you thank it cause it prevented a loss for you. That's it. The only reason stop loss prevented you from earning a profit was because your prediction was bad. Simply as that. Listen here, Stop loss is a system. A bot so to speak. It has no mind, no intelligence or any of the sort. YOU order it what it needs to do and that's it. You don't blame a friggin light bulb for providing light now do you? If any one is to blame, it is you yourself. Because you told the stop loss what it needs to do, nothing else is to blame.

[djsugar]

Stop loss can prove to be more of a life saviour than an evil. You just need to maintain the risk-reward ratio. Traders mostly go for 1:4. But it is dependent upon your preference.

Everyone knows pretty well how much volatile the crypto trading is. A single swing in opposite direction can rob you of all your money. So it always better to put stop loss in place. The best part is it is flexible to your needs. You need not always put tight stop loss but regardless it is really essential to trade.

Responsible trading is always better!

[Coyster]

What if the fall continued and the direction the market took was a negative one for your investment, when stop loss does what it's meant to do, and probably the market corrects itself, I do not blame myself or the feature.

Just because it seems you missed some profits this time around, doesn't mean next time would end up that way, you can always put the funds left back into your investment, it's better than having to lose far more than that.

[makolz26]

Why an evil? For me this is a life saver for most traders, as you can always buy again when the price is at dip rather than losing all your money and has no return on it at all.

For some it maybe an attempt but still stop loss is considered as the best friend of most crypto traders, without it all your fund might at risk all the time.

[ChrisPop]

You can't predict market movement and you don't know the forces present in the market at any moment so using stop losses is a must. There are many ways to manage your risk and it all depends on you. It depends on your trading style and strategies. My advice to you is to paper trade to experiment things and try to avoid OBVIOUS stop loss placement areas as they are the most hunted areas by the market movers

[StephenieDuong]

Agree with you that set stoploss sometime is not too good in crypto. Manytime stoploss price hit and make we out, but i dont think stoploss is a bad option for trader. If you want stoploss become really useful, then you have to learn, get experience on each time stoploss hit, summarize all yours trade history and find the best way to set stoploss.

[AbuBhakar]

Agree with you that set stoploss sometime is not too good in crypto. Manytime stoploss price hit and make we out, but i dont think stoploss is a bad option for trader. If you want stoploss become really useful, then you have to learn, get experience on each time stoploss hit, summarize all yours trade history and find the best way to set stoploss.

I prefer setting my own stop loss amount in specific coins. This year I plan to monitor my trade, buy and sell prices to see if I really earn, preferably will stop using bit and just do it manually. I want to stop being greedy on waiting and setting unrealistic price. Will set goal and try to trade more often by next year. It will depends on how we set our stop loss to see it's effect on us.

[janggernaut]

Hello,

I had this question in mind, since many of my trades with an adjusted stop loss got triggered, but then the market goes in the direction I wanted, but since it got triggered basically im out. I know this is due to big fishes messing around.

What do you guys think, is stop loss something or, or not so good?

It can be both. Stop loss can prevent you to lose more and it can be also make you lose many times, but after some time, the price is bounce back. Stop loss is something like double edge-sword, if you are lucky, you will not lose a lot, if you aren't lucky, you will lose money which you supposed to win if you wait it a little longer

[the rise]

the basic function of stop loss is to keep your profits awake and not go down too much, but also to reduce worries when not online. Indeed, the painful thing is when prices touch stop loss and then reverse direction as quickly as possible. To anticipate this, we also need to pay attention to the daily trend, if it is still in the same range, we don't need to do it.

[avatar_kiyoshi]

Hello,

I had this question in mind, since many of my trades with an adjusted stop loss got triggered, but then the market goes in the direction I wanted, but since it got triggered basically im out. I know this is due to big fishes messing around.

What do you guys think, is stop loss something or, or not so good?

If so, you most likely misplaced stop-loss, which means that you are likely to place stop-loss too close to support or resistance.
I think stop-loss is important and a life saver for traders, this can prevent from greedy, also prevent fatal losses. So don't miss your stop-loss.

[aardvark15]

You can’t always get it right but the stop loss should help prevent a big loss in the event of a crash or a significant correction. Most good traders I know always set a stop loss to both prevent a big loss and to lock in a profit.

[clickerz]

Hello,

I had this question in mind, since many of my trades with an adjusted stop loss got triggered, but then the market goes in the direction I wanted, but since it got triggered basically im out. I know this is due to big fishes messing around.

What do you guys think, is stop loss something or, or not so good?

If so, you most likely misplaced stop-loss, which means that you are likely to place stop-loss too close to support or resistance.
I think stop-loss is important and a life saver for traders, this can prevent from greedy, also prevent fatal losses. So don't miss your stop-loss.

Its a lifesaver. /base on my experience, it saves me a lot. I put a range near I bought the coin, and when it goes, I have a little or bearable losses. If it goes up, it is okay, at least I am not on a big loss. In trading we aim to maximize profits, also to minimize losses too.

[onyek16M]

Hello,

I had this question in mind, since many of my trades with an adjusted stop loss got triggered, but then the market goes in the direction I wanted, but since it got triggered basically im out. I know this is due to big fishes messing around.

What do you guys think, is stop loss something or, or not so good?

If so, you most likely misplaced stop-loss, which means that you are likely to place stop-loss too close to support or resistance.
I think stop-loss is important and a life saver for traders, this can prevent from greedy, also prevent fatal losses. So don't miss your stop-loss.

Its a lifesaver. /base on my experience, it saves me a lot. I put a range near I bought the coin, and when it goes, I have a little or bearable losses. If it goes up, it is okay, at least I am not on a big loss. In trading we aim to maximize profits, also to minimize losses too.

yes agree with you, stop lose is most important thing in trading. with stop lose in trading you no need to see market all day and everytime
stop lose save you from lose and avoiding emotional involvement such a greedy and angry in trading. so in trading i think need to use stop lose option

[watergold]

I use the stop-loss option only to trade daily with altcoin trading and other coins. It is very helpful if the market conditions like this and I do not need to lose my money a lot in trading.
If my bitcoin does not need stop-loss I will hold on and on because this is not good if selling bitcoin by losing money, bitcoin let me hold it until it grows back.

[Landak]

Hello,

I had this question in mind, since many of my trades with an adjusted stop loss got triggered, but then the market goes in the direction I wanted, but since it got triggered basically im out. I know this is due to big fishes messing around.

What do you guys think, is stop loss something or, or not so good?

For me, the stop loss function is very useful if we already know that market conditions are not favorable and we do not want to experience too much loss (this is very helpful). but if the scenario after the stop loss is touched then the price suddenly goes up again, it means it's not in our profit but if we are the people aware of a "possibility" when the price has touched the stop loss position we will get ready to take further action whether this will go up or keep going down then prepare in that position or take recover another time if there is no time to open a buy and sell position.
So, my point is Stop Loss is very useful, can reduce excessive losses. profit remains safe too, if you use this feature. everyone has a different experience when using the stop lose function.

[StephenieDuong]

Agree with you that set stoploss sometime is not too good in crypto. Manytime stoploss price hit and make we out, but i dont think stoploss is a bad option for trader. If you want stoploss become really useful, then you have to learn, get experience on each time stoploss hit, summarize all yours trade history and find the best way to set stoploss.

I prefer setting my own stop loss amount in specific coins. This year I plan to monitor my trade, buy and sell prices to see if I really earn, preferably will stop using bit and just do it manually. I want to stop being greedy on waiting and setting unrealistic price. Will set goal and try to trade more often by next year. It will depends on how we set our stop loss to see it's effect on us.

Yeah right, stop loss effect or not will depend on each trader and their experience. I hope you will get luck next year and become a good trader. Always remember to set stop loss, either auto or manually and must monitor all trading history.

[dunfida]

Hello,

I had this question in mind, since many of my trades with an adjusted stop loss got triggered, but then the market goes in the direction I wanted, but since it got triggered basically im out. I know this is due to big fishes messing around.

What do you guys think, is stop loss something or, or not so good?

Stop loss is a life saver most of the time yet if we do talk about risk management then this one is really important specially if you do actively trade up and dealing with
daily moving prices.Come to think if ever the price goes to the opposite way youve been expecting then your screwed.Its better to have SL than have nothing
at all as part of that risk management.

[adroitful_one]

Hello,

I had this question in mind, since many of my trades with an adjusted stop loss got triggered, but then the market goes in the direction I wanted, but since it got triggered basically im out. I know this is due to big fishes messing around.

What do you guys think, is stop loss something or, or not so good?

Really, it depends on how far ahead I'm trading or if I'm going to get up from the pc during the trade. If I'm going to get up and be gone for a few hours or more, I'll throw a stoploss on there just to prevent anything crazy from happening while I'm gone. But, if I'm going to be sitting there keeping an eye on the coin I'm trading, then I usually won't use one. They're good just in case some weird news comes out and tanks the price for a short period of time for whatever reason.

[Maslate]

Hello,

I had this question in mind, since many of my trades with an adjusted stop loss got triggered, but then the market goes in the direction I wanted, but since it got triggered basically im out. I know this is due to big fishes messing around.

What do you guys think, is stop loss something or, or not so good?

Stop loss is a life saver most of the time yet if we do talk about risk management then this one is really important specially if you do actively trade up and dealing with
daily moving prices.Come to think if ever the price goes to the opposite way youve been expecting then your screwed.Its better to have SL than have nothing
at all as part of that risk management.

Having stop loss is a very helpful one because it prevents you as a trader to lose even more particularly with the very down market at the moment. Moreover, if you don't follow stop loss, you still have to do such things wherein you can minimize losses at the moment.

[nicolas1979]

Stop loss created as limit to handle your lost, this is not evil but saver. Good trader know their ability and everything has limit when reach it you should stop evaluate strategy and start again from beginning. Many people say stop loss evil, nightmare, looser but many asset already save because using stop loss. Imagine if you not use stop loss, your lost will grow up eat every value in your fund until bankrupt. Think wisely about stop loss and please use it for your own safety.

[LouVandetta]

Hello,

I had this question in mind, since many of my trades with an adjusted stop loss got triggered, but then the market goes in the direction I wanted, but since it got triggered basically im out. I know this is due to big fishes messing around.

What do you guys think, is stop loss something or, or not so good?

Could be both, honestly. But really, stop-loss is like your saviour and just like a hero without its cape. I've experienced something similar just like what you did.
It triggered the stop-loss but then again the price goes in the direction I expected to have. I take that as not my best day, simple as that. It's better to lose a little than to lose more without setting the stop-loss beforehand.

Putting aside your experience where it got triggered, but what if the price goes down really hard and you didn't put a stop-loss, you know what happens next, And if you did put a stop-loss, it means stop-loss already fulfilled its purpose.

[maxreish]

It's a life saver. Stop loss can save up huge losses. If your stop loss always triggered, may I ask how much % was your leverage? If you have lower leverage and far from being liquidated you can set stop loss like 20% near the liquidated amount so it may have a chance to atleast not reach the stop loss and will be possibly go on the way you are expecting.

[slaman29]

I can't believe I'm actually seeing someone suggest stoploss is an evil.

If you have a strategy, then you surely must have SL in place to say okay I was wrong, so now I'll think again and take this losses. Without stop loss you're trading like okay I was wrong, now let's hope the market swings back or I'm fked.

[carlisle1]

I can't believe I'm actually seeing someone suggest stoploss is an evil.

If you have a strategy, then you surely must have SL in place to say okay I was wrong, so now I'll think again and take this losses. Without stop loss you're trading like okay I was wrong, now let's hope the market swings back or I'm fked.

i try to believe that OP is just trolling mate because this argument is stupid as non traders will only agree.

the safest way to trade is having Stop Loss but he is insulting as evil?no this is wrongful.

[Shasha80]

In my opinion stop loss is the most important part of trading. So using stop loss saves the capital we have so it doesn't run out.
With stop loss we can manage the loss that we experience. So stop loss is not evil, but stop loss really helps traders. So if
we miss profit, don't blame stop loss, but blame the strategy that we apply. As long as I use the stop loss feature, it's never
I feel disadvantaged. Even with the stop loss I can avoid greater losses.

[asus09]

In my opinion stop loss is the most important part of trading. So using stop loss saves the capital we have so it doesn't run out.
With stop loss we can manage the loss that we experience. So stop loss is not evil, but stop loss really helps traders. So if
we miss profit, don't blame stop loss, but blame the strategy that we apply. As long as I use the stop loss feature, it's never
I feel disadvantaged. Even with the stop loss I can avoid greater losses.

Best option for stopping lost because we can save our money without get risk with our trading and investing assets have lower price, how ever many time we see not brave for cut lost and they waiting with altcoin back with higher price, but they have waiting with long time to get back profit and need one year maybe to get much profit again, for me selling and cut loss is best solution when looking assets coin price with lower price.

[andycarrol]

Hello,

I had this question in mind, since many of my trades with an adjusted stop loss got triggered, but then the market goes in the direction I wanted, but since it got triggered basically im out. I know this is due to big fishes messing around.

What do you guys think, is stop loss something or, or not so good?

the fact that I experienced is that sometimes it can be a lifesaver, but on the other hand, also sometimes it becomes evil because of panic so then cut loss.
but I still use cut loss in my trading, because I was quite afraid, my experience lost more than 80%, so now I place a cut loss if it drops below 10%.

[Darooghe]

In my opinion, if you're trading long term or investing, it's unnecessary. If you're trading something that could cost you money from a bad news article or some stupid analytics that's might be purposeful manipulation, definitely put a stop. if you're in a short term on a very volatile stock. for instance, buy a stock for $100. And you only think it'll go to $150. And it goes to $200 instead. You can put a stop/loss at $150 since that is what you expected anyways. really, it all depends on how much risk you're willing to take on.

[gabbie2010]

If you had ever encountered price whipsaw in trading then you would know that stop loss is a life saver,  there are times when the whales triggers price manipulation such that there would be an extreme price volatility thus the market rises rapidly and falls likewise thus burning out many traders portfolio without a stop loss of course a well planned trade with a calculated or reasonable stop loss would be stopped out in any cases of whipsaw.

[samuraijin]

especially all you have to do is look for a pair where the price really hasn't increased on that pair, usually people often enter when the price is high, maybe you enter into a trade like that, so that when the price goes down you choose to stop losing but the price goes up again, You are being played with by big traders, so you have to know when to enter the trade, maybe it will save you, if you stop losing it is a decision that you have to think about before you really feel guilty when what you think isn't happening I usually stop losing when I lose 2%

[CryptoBuzzerd]

Marketmaker always hunting for your stop-losses. Be aware of it!

[BitcoinHunt3r]

My apologize before, but i think it is all about perspective. If OP's coin keep down, maybe he will grateful  because stop loss is save him. I think something like stop loss is feature that actually made to help trader. But it is all depends on that trader can manage it or not. It is our decision actually when want to use stop loss or not, like use or not and what happen after that, it's all from the decisions we make and there is no need to regret it.

[Gheka]

Stop loss created as limit to handle your lost, this is not evil but saver. Good trader know their ability and everything has limit when reach it you should stop evaluate strategy and start again from beginning. Many people say stop loss evil, nightmare, looser but many asset already save because using stop loss. Imagine if you not use stop loss, your lost will grow up eat every value in your fund until bankrupt. Think wisely about stop loss and please use it for your own safety.

Well, some people always only regret and negative thinking, then feel that stop loss is a bad tool when this automatic setup made them miss a good recovery and fall into loss but they do not seem to analyze further, this immediate reversal may be a coincidence, if the market does not go as they wish, what will happen next, very few people think about this scenario, they just stop at thinking stop loss is a crime. While the stop loss is the savior of many people, especially for long-time traders, this tool has limited them from falling into deeper pools of blood

[pawanjain]

You won't be asking this question if you didn't encounter losses due to stop loss. I believe Stop loss is not for everyone.
The ones who know how to use it wisely in the particular trend gains profits because of it while the other losses.
So if you are constantly facing losses then you must stop using the stop loss.

[Subbir]

If you suffer from any reasonably hesitation then you'll be able to use stop loss and refrain from opening trade feel that you just are wrong somewhere and your call may be hangdog then it's sensible to use caution typically after we trade we've got several things wrong, then employing a stop loss will greatly cut back the loss if your call is correct.

[uray]

Why an evil? For me this is a life saver for most traders, as you can always buy again when the price is at dip rather than losing all your money and has no return on it at all.

For some it maybe an attempt but still stop loss is considered as the best friend of most crypto traders, without it all your fund might at risk all the time.

It all depends on how you use it, you cannot use a stop loss when the market is in this range as it is really volatile and it will recover in a few trading hours and when that happens your coins are already sold and there is nothing you can do about it and hence you need to be careful when implementing those in a volatile market like bitcoin, when the market is rallying it is a different story altogether and i used stop loss to get my maximum profit during the last rally as i was able to sell majority of my coins over $18k .

[eaLiTy]

I had this question in mind, since many of my trades with an adjusted stop loss got triggered, but then the market goes in the direction I wanted, but since it got triggered basically im out. I know this is due to big fishes messing around.
What do you guys think, is stop loss something or, or not so good?

The most important thing when dealing with a volatile market like BTCitcoin is that you need to be careful when using stop loss and there is another option stop limit where i have not heard many talking about in this forum.

The most important aspect of stop loss is when the market is rallying and then you are busy and you can put a stop loss so that you will not miss on booking the profit when the market rallies and when it comes to stock market it is an important tool but in a volatile market like BTCitcoin you have to be careful and for you to carefully execute those orders you need to be well aware of the support level and that is the important aspect when you are using those market.

[suzanne5223]

Hello,

I had this question in mind, since many of my trades with an adjusted stop loss got triggered, but then the market goes in the direction I wanted, but since it got triggered basically im out. I know this is due to big fishes messing around.

What do you guys think, is stop loss something or, or not so good?

Stop loss in crypto trading is actually something satisfactory for crypto trader which believe the market is in manipulated state but the crypto need to stop about 75% of his trading because sometime an occasion where the downtrend expected maybe uptrend may happen  either the 25% shouldn't be a pain in butt.

[TRONTON]

stop loss is very important if bitcoin releases the brakes and falls down following the daily chart, for example if we buy $ 8k, then there is no other word than to wait for bitcoin to remain floating, or make a one-sided cut loss if not using it, altcoin also applies the same.

traders who set many orders will be greatly helped rather than pressing "cancel all" which is often late, but there are still other options such as OCO which can specify two directions of orders side by side.

[Faxmate]

Agree with you that set stoploss sometime is not too good in crypto. Manytime stoploss price hit and make we out, but i dont think stoploss is a bad option for trader. If you want stoploss become really useful, then you have to learn, get experience on each time stoploss hit, summarize all yours trade history and find the best way to set stoploss.

I prefer setting my own stop loss amount in specific coins. This year I plan to monitor my trade, buy and sell prices to see if I really earn, preferably will stop using bit and just do it manually. I want to stop being greedy on waiting and setting unrealistic price. Will set goal and try to trade more often by next year. It will depends on how we set our stop loss to see it's effect on us.

Yeah right, stop loss effect or not will depend on each trader and their experience. I hope you will get luck next year and become a good trader. Always remember to set stop loss, either auto or manually and must monitor all trading history.

You shall keep track of your trading history because that gives you actually idea where are you standing. Stop loss effect is a nice option that everyone shall utilize whosoever is involved in trading because it helps them to avoid unbearable losses since it has a limit for your loss money. This effect is not I believe used by most of the young traders and so they suffer from huge losses.

[stomachgrowls]

Why an evil? For me this is a life saver for most traders, as you can always buy again when the price is at dip rather than losing all your money and has no return on it at all.

For some it maybe an attempt but still stop loss is considered as the best friend of most crypto traders, without it all your fund might at risk all the time.

It all depends on how you use it, you cannot use a stop loss when the market is in this range as it is really volatile and it will recover in a few trading hours and when that happens your coins are already sold and there is nothing you can do about it and hence you need to be careful when implementing those in a volatile market like bitcoin, when the market is rallying it is a different story altogether and i used stop loss to get my maximum profit during the last rally as i was able to sell majority of my coins over $18k .

Thats why some people doesnt use up stop loss due to high volatility where these SL can be easily eaten up by a few percent movement on the price.It will depend on how deep the stop loss you've set out.

People didnt tend to make use of it because once its triggered then its already considered as lost funds rather than having a pending order on negative which they do still believe that they can recover it out
or break even one the market had rise back up again.

It do have advantages and disadvantages though depending totally on market condition thats why you should know on when and not to use it.

[nydiacaskey01]

Its a life saver if you know where and when to use stop loss, its the other way around if you dont. Stop loss have saved me a lot times already in times when I am expecting a huge drop after an event. Example is after a snap shot was taken to a token that is scheduled to have an airdrop to existing holders, expect a huge drop after the snap shot and thats where I used stop loss, it triggered the system to sell my token my holders started to dump.

[Karmakid]

Here is my opinion, stop losses are liver safer rather than an evil. If you put up a stop loss, then it will lessen the risk of losing more money because you will be automatically out of the market once the price reaches your stop loss. In the cryptocurrency market, since it is volatile, you should give a decent allowance to your stop loss level in order for the market to really move on its own way so you will not get stopped easily on a false breakout.

[harizen]

Hello,

I had this question in mind, since many of my trades with an adjusted stop loss got triggered, but then the market goes in the direction I wanted, but since it got triggered basically im out. I know this is due to big fishes messing around.

What do you guys think, is stop loss something or, or not so good?

That's why it called "stop-loss". Try to understand the function, purpose, and definition of it.

We really don't need to be technical here. You can answer by yourself if that feature is really good for you.

The market is highly unpredictable. You can't just put your instinct that your preferred direction will always be met.

[Spaffin]

Its a life saver if you know where and when to use stop loss, its the other way around if you dont. Stop loss have saved me a lot times already in times when I am expecting a huge drop after an event. Example is after a snap shot was taken to a token that is scheduled to have an airdrop to existing holders, expect a huge drop after the snap shot and thats where I used stop loss, it triggered the system to sell my token my holders started to dump.

I completely agree with exactly what you said, because this function for traders was created specifically to avoid big troubles on the stock exchange.  Although there is a possibility that for those traders who have not used the stop loss correctly or have not yet learned how to use it, this function can bring some kind of problem.  Although I’m not even sure about that. In my opinion, everything depends on the correct settings of the function, and also to avoid big losses, you need to use Stop Loss and Take Profit at the same time.

[maydna]

Stop-loss can help you to prevent a big loss if the price is down too deep. But that will depend on how the market move and if you are not sure about the market, you can use stop-loss in your trade. But if you can analyze the market and you can accept the risk that the price can go to any price, then you don't have to use a stop-loss. That will depend on how we can determine the market. But personally, I don't use stop-loss too often in the market because if I feel that the market is not moving to the price I want so before the price is down, I will close my trade first while I need to wait for another time to buy the coin.

[sulendra12]

What do you guys think, is stop loss something or, or not so good?

Stop loss is actually useful in some cases, you need to actually do that if you want to save your money in bad cases such as price crashes or too late selling your coins because you can't actually predict the price so you need to actually do stop loss.

[onyek16M]

What do you guys think, is stop loss something or, or not so good?

Stop loss is actually useful in some cases, you need to actually do that if you want to save your money in bad cases such as price crashes or too late selling your coins because you can't actually predict the price so you need to actually do stop loss.

stop loss very usefull for me. stop loss can minimizes loses in trading because when the price of coins going to down stop loss will automatic sell your coin with the price have been decide then stop loss can remove feel of  greedy it part of emotion or Psychology from trader so it must to be controlled and stop loss can help you in this case . so stop loss safe your life save your balance.

[Shimmiry]

Stop-loss can help you to prevent a big loss if the price is down too deep. But that will depend on how the market move and if you are not sure about the market, you can use stop-loss in your trade. But if you can analyze the market and you can accept the risk that the price can go to any price, then you don't have to use a stop-loss. That will depend on how we can determine the market. But personally, I don't use stop-loss too often in the market because if I feel that the market is not moving to the price I want so before the price is down, I will close my trade first while I need to wait for another time to buy the coin.

In trading there is only chance you will get that you will win your trades or lose your income, many beginners are failing their first trade because of lacking of knowledge and techniques on their trades, knowing the price of the coin is not enough it is better to have a lot of research and must be updated what is happening on the market because every time there is a factor that will affect the market in just a single second, next is also ask other person to help with you in trading but make sure you know some of them, today many people are pretending that they are giving you help but is they have a bad intention to you and your money, be careful with those people you must be aware what is happening on your environment even you are in digital world, lastly trust your self in trading you cannot let other people decide what you need to do still that last decision is on your hand.

[whyrqa]

What do you guys think, is stop loss something or, or not so good?

Stop loss is actually useful in some cases, you need to actually do that if you want to save your money in bad cases such as price crashes or too late selling your coins because you can't actually predict the price so you need to actually do stop loss.

The fact is that Stop Loss is not a trading bot that can cause irreparable harm to a trader, but special features of your account when placing orders in order to avoid big losses in trading.  Stop loss is beneficial to those who correctly configure these functions.

[Trela]

Hello,

I had this question in mind, since many of my trades with an adjusted stop loss got triggered, but then the market goes in the direction I wanted, but since it got triggered basically im out. I know this is due to big fishes messing around.

What do you guys think, is stop loss something or, or not so good?

That's simple! Ask some questions before returning to work:

1. What is your goal? List it out clearly.
2. How are you trading? Scalping or Trade as a planned? You need to clarify what the method is using.
3. What is your maximum stop-loss level?
4. Have you set a Stop-loss in line with your goals?
Etc.

I personally never set stop-loss below 3% if looking for a profit / 10% / order. For Scalping, you should take a trading course to understand it.

[gabmen]

How is it evil? I mean, definitely it can save you from going broke if you're day trading. And you're not going to use stop loss if you're planning on holding for a long time. I think it's even essential that this feature is utilized by everyone who day trades  to avoid getting caught in sudden market swings. Especially if one doesn't have the time to focus on watching the market and their orders.

[btc78]

when i was still trading i choose not to use Stop loss strategy but i know this is not also bad,there are some successful gamblers that made their way using this as safety precautions.

so using the word Evil is not appropriate mate,and it depends on who's involve because if you cannot watch your trading activities because of some important occasions and you need to still take risk on your favorite currency then using stop loss will make you safer at that certain moment(though it is not advisable for traders to leave their computers when trading)

[Maslate]

This depends on your timing, if you do it with a right timing, this might help you.
Stop loss is to minimize your loss, that's important especially for day traders but without enough knowledge on how to use it, it might not help you at all.

[BuxCoin]

Hello,

I had this question in mind, since many of my trades with an adjusted stop loss got triggered, but then the market goes in the direction I wanted, but since it got triggered basically im out. I know this is due to big fishes messing around.

What do you guys think, is stop loss something or, or not so good?

stop loss is a life saver , we cant be correct in market all times , when we are wrong stop loss saves us by losing little

newbies makes a lot of mistakes in placing  stop loss , placing stop loss depends on volatility if volatility is more stop loss should be placed far , if volatility is less stop loss should be placed near , you could decide where to place SL based on technical analysis swings , or based on risk like 2% of the capital like that

[pajak666]

Hello,

I had this question in mind, since many of my trades with an adjusted stop loss got triggered, but then the market goes in the direction I wanted, but since it got triggered basically im out. I know this is due to big fishes messing around.

What do you guys think, is stop loss something or, or not so good?

The biggest sharks in the industry think it's bad. It's data driven they say:P Although their strategies very often revolve around strong markets that are growing in general. If yo uhave deep pockets in this case it makes it probably better to wait it out and sit comfortably at 20-30% drawdown instead of sweating more trades

[Ahimoth]

Hello,

I had this question in mind, since many of my trades with an adjusted stop loss got triggered, but then the market goes in the direction I wanted, but since it got triggered basically im out. I know this is due to big fishes messing around.

What do you guys think, is stop loss something or, or not so good?

The biggest sharks in the industry think it's bad. It's data driven they say:P Although their strategies very often revolve around strong markets that are growing in general. If yo uhave deep pockets in this case it makes it probably better to wait it out and sit comfortably at 20-30% drawdown instead of sweating more trades

There's nothing wrong with waiting as long as you have patience on a particular timeline of your holdings. Don't fall on uncertain asset, always see to it that you've been choosing the promising coins to avoid regrets in the end. I don't think stop loss is an evil, but rather it's really making your funds stay secured for possible potential loss.

[alisonwonder]

Hello,

I had this question in mind, since many of my trades with an adjusted stop loss got triggered, but then the market goes in the direction I wanted, but since it got triggered basically im out. I know this is due to big fishes messing around.

What do you guys think, is stop loss something or, or not so good?

I always use stop loss for trading, because it's better to lose 5-10% than I lose more than 50%, because it will be difficult for me to recover it.

[jcpone]

Hello,

I had this question in mind, since many of my trades with an adjusted stop loss got triggered, but then the market goes in the direction I wanted, but since it got triggered basically im out. I know this is due to big fishes messing around.

What do you guys think, is stop loss something or, or not so good?

For what the good thing for stop loss, is that you can maximize and control your losses. Unlike, if you didn't set stop loss, your assets might gone all instantly. So, I don't think it is an evil things, of course not. Instead, stop loss was something giving us a good way how to control ourselves when we do trade in the platform.

[ultrloa]

Hello,

I had this question in mind, since many of my trades with an adjusted stop loss got triggered, but then the market goes in the direction I wanted, but since it got triggered basically im out. I know this is due to big fishes messing around.

What do you guys think, is stop loss something or, or not so good?

For what the good thing for stop loss, is that you can maximize and control your losses. Unlike, if you didn't set stop loss, your assets might gone all instantly. So, I don't think it is an evil things, of course not. Instead, stop loss was something giving us a good way how to control ourselves when we do trade in the platform.

Agree with that since if people will not set on when they execute the top loss for sure they will suffer from heavy dumps and hard recovery. Maybe some other think that this is an evil deed since some newbies though that we are suggesting them to dump for a loss. But if they learn the basics and have education with it a high chances for them to gain easily even if the market is in bad state.

[dark08]

Controlling your emotion by putting stop loss is a good for a trader because not all the time your analysis is correct there will be a time your analysis can change direction this stop loss will help you to avoid losing a lot of money or liquidating your fund.

[pundit]

Stop loss can frustrate you sometime but it is definitely a life saver. Sometimes it happens that after eating your SL market move in the same direction you wanted but manytimes it happens that if you do not put a SL, market keeps on moving in the opposite direction untill it eats your account, so accepting small loss is always better than to risk the whole account. The best way to keep SL is few pips away from swing high or swing low. I hope it helps.

[Subbir]

I always use stop loss for trading, because it's better to lose 5-10% than I lose more than 50%, because it will be difficult for me to recover it.

In my opinion, victimization stop-loss usually avoids loss It are often utilized in every kind of trade short-term or long-term trading are often avoided if you employ stop loss. however this can be whole unsuitable for newcomers as they open trade with no plan concerning trade. the largest drawback are going to be after you understand that the movement of the trade is in no method similar Then your call could appear wrong.

[The Cryptovator]

Before judge stop loss you have to know about "life saver" that you wrote on the topic title. Because stop loss only will save life (life of fund actually), but I will not improve. Means you can't get profit more than stop loss that you have been settings. For this reason we can call life saver to stop loss. I won't consider it as a evil although I got REKT so many times. But who know what is going on upcoming times. Stop loss, could save your fund from huge loss although you can't make huge profits. We should realize that something is better than nothing. Instead of become loser why not just saty stable with stop loss. But I know everyone have different opinions and they would be right as well, I respects everyone's legit opinions.

I wanna remind Newton's law,

For every action, there is an equal and opposite reaction

So for stop loss would be same, it would works differently for every each person. That's means you are also right from your end although some other would not agree with.

[Negotiation]

I think it's not okay to do a stop loss when doing business. Because there is no reason to be disappointed about the loss of profits in doing business you can learn only if wrong Do not lose the stop from where you lose then try again from there So correct your mistakes and move forward.

[Savemore]

Before judge stop loss you have to know about "life saver" that you wrote on the topic title. Because stop loss only will save life (life of fund actually), but I will not improve. Means you can't get profit more than stop loss that you have been settings. For this reason we can call life saver to stop loss. I won't consider it as a evil although I got REKT so many times. But who know what is going on upcoming times. Stop loss, could save your fund from huge loss although you can't make huge profits. We should realize that something is better than nothing. Instead of become loser why not just saty stable with stop loss. But I know everyone have different opinions and they would be right as well, I respects everyone's legit opinions.

I wanna remind Newton's law,

For every action, there is an equal and opposite reaction

So for stop loss would be same, it would works differently for every each person. That's means you are also right from your end although some other would not agree with.

Stop loss is very important in terms of trading, we should consider placing our stop loss before the trade. The reason why it called stop loss is simply because to lessen our losses. There are many way of setting up a cut loss. There are people who placing it before the support level, before the breakout or a percentage stop. Having a stop loss in every trade can be considered as a good risk management.

[JC btc]

Before judge stop loss you have to know about "life saver" that you wrote on the topic title. Because stop loss only will save life (life of fund actually), but I will not improve. Means you can't get profit more than stop loss that you have been settings. For this reason we can call life saver to stop loss. I won't consider it as a evil although I got REKT so many times. But who know what is going on upcoming times. Stop loss, could save your fund from huge loss although you can't make huge profits. We should realize that something is better than nothing. Instead of become loser why not just saty stable with stop loss. But I know everyone have different opinions and they would be right as well, I respects everyone's legit opinions.

I wanna remind Newton's law,

For every action, there is an equal and opposite reaction

So for stop loss would be same, it would works differently for every each person. That's means you are also right from your end although some other would not agree with.

Stop loss is very important in terms of trading, we should consider placing our stop loss before the trade. The reason why it called stop loss is simply because to lessen our losses. There are many way of setting up a cut loss. There are people who placing it before the support level, before the breakout or a percentage stop. Having a stop loss in every trade can be considered as a good risk management.

Very true, I never thought that stop loss is an evil, it's very important especially if you are a day trader and can't focus much on it, as much as possible and it is really a golden rule that you need to have stop loss if not you are taking risk all the funds that you have instead of maximizing it you will get at rekt.

[TrevorS]

Stop loss is one of the most useful tools in trading. Personally, I lost a significant amount of money just because I was standing in a business with a shoulder without stop loss.
Unfortunately, it is now especially difficult to choose the correct stop size due to the fact that market manipulators simply simply knock out the stops with certain actions.
However, even taking into account this factor, it is impossible not to use such a useful tool, because you will certainly lose more without using it.
Stop loss minimizes your risks and chances of making a mistake.

[pixie85]

I think that stop loss isn't a great tool especially in a market prone to constant manipulation and pumps and dumps. In a market that tends to be stable you don't need to worry about stop losses because the price usually moves by 1% a day, or even less. Bitcoin can jump 5% in an hour and this can  happen a few times in one month.

Stop losses usually get hit in this market because manipulators know how to take money from traders. Traders think they're smart and set up stop losses thinking they're safe and they get hit and hit and their positions liquidated and they keep coming back with 2-3% losses and scoring further losses until they're out of money.

[KnightElite]

Stop loss is one of the most useful tools in trading. Personally, I lost a significant amount of money just because I was standing in a business with a shoulder without stop loss.
Unfortunately, it is now especially difficult to choose the correct stop size due to the fact that market manipulators simply simply knock out the stops with certain actions.
However, even taking into account this factor, it is impossible not to use such a useful tool, because you will certainly lose more without using it.
Stop loss minimizes your risks and chances of making a mistake.

Stop loss can be a life saver all the time. What I mean is; stop loss can help us to lessen our losses. All of professional traders have stop loss in every trade. You cannot do stop loss without discipline and that's why most of the people are failing in trading. Having a stop loss is a form of a sucessful and profitable trader.  If you do not have stop loss then it most likely to lose in a trade.

[bitbunnny]

As long as you are not greedy trading is good choice. Greed is something that often leads to losses.
It's important to set realistic goals according to your capabilities, both financial and your skills and experience, don't expect too much in too short period of time and have patience. Nevertheless, loss is not possible to avoid, sooner or later you will face it but as long as you respect your limits you will be able to handle it. Don't overestimate you, that is very important.

[Janation]

I don't think you should blame those big fishes.

We all know how cryptocurrencies are so volatile and we can't really identify how would they behave. The best thing to do now is just wait. If you immediately sold yours, I think you already lost but with this kind of market, there will be no way that we can't have those chances to reinvest

[Harriti]

Hello,

I had this question in mind, since many of my trades with an adjusted stop loss got triggered, but then the market goes in the direction I wanted, but since it got triggered basically im out. I know this is due to big fishes messing around.

What do you guys think, is stop loss something or, or not so good?

I also used stoploss activation a lot in my first transactions. In the crypto market, unlike the forex market, our market capitalization is quite low and sharks hold a lot of bitcoins so they can manipulate the whole market. So in order to be able to trade well in the crypto market, you need to accept losses of more than 100 - 150 points, this is the price to pay to avoid the shark stoploss manipulation. or if you can not stand this, you can choose not to use stoploss but order with a low amount, about 1% of your account. Your account will definitely not burn out.

[maydna]

I think it's not okay to do a stop loss when doing business. Because there is no reason to be disappointed about the loss of profits in doing business you can learn only if wrong Do not lose the stop from where you lose then try again from there So correct your mistakes and move forward.

That will depend on the market situations because if the market is going to go down, you will not have another choice to hold the coin, but you can use stop-loss trading to prevent the big lose. You can use that feature in regard if you are sure that the market will occur to the lowest price. It is normal to see the losing because all traders have those experiences, but we have a different method to prevent the loss. Make sure you know how to use stop-loss properly so you will not be disappointed later.

[GreatArkansas]

What do you guys think, is stop loss something or, or not so good?

Why it become an evil? It is exactly a live saver!
That's why it's called stoploss to stop your loss. Stop loss is one of the best weapon of a trader.
If there is no stop loss especially in some leveraged/margin trading, you will always end up to REKT city!

[Subbir]

What do you guys think, is stop loss something or, or not so good?

Why it become an evil? It is exactly a live saver!
That's why it's called stoploss to stop your loss. Stop loss is one of the best weapon of a trader.
If there is no stop loss especially in some leveraged/margin trading, you will always end up to REKT city!

Rightly expressed that stop-loss plays variety of borough sorts for trading even as profits is created victimisation staples however on the opposite hand it's additionally safeguarded by the loss of an outsized door. accept as true with you that Stoops may be a defend that protects everything.

[beerlover]

Stop loss is important if you know how to use it but if you end up using it in a way that doesn't reflect the resistance/support levels of bitcoin then you might get hurt.

Just to give an example (the numbers are made up) lets say bitcoin is 20 thousand dollars, there is a support at 18 thousand and a resistance at 22 thousand, if you put a stop loss at 19 thousand dollars you may end up losing money, but if you put it on 17.999 you may make money. How? Well, if support is at 18 thousand and it goes lower that means it will go even lower, but if support is at 18 and you sell at 19 it can recover from 18 and go all the way to 22 thousand you will end up in a loss. So, check out the charts and support/resistance levels in order to know where to put your stop loss as well.

[onyek16M]

What do you guys think, is stop loss something or, or not so good?

Why it become an evil? It is exactly a live saver!
That's why it's called stoploss to stop your loss. Stop loss is one of the best weapon of a trader.
If there is no stop loss especially in some leveraged/margin trading, you will always end up to REKT city!

Rightly expressed that stop-loss plays variety of borough sorts for trading even as profits is created victimisation staples however on the opposite hand it's additionally safeguarded by the loss of an outsized door. accept as true with you that Stoops may be a defend that protects everything.

maybe that mean become an evil is stop loss limits the sell price, so when the price of coins going to the moon and should be get more profit if not use stop loss. i think is feeling greedy so its bad and you have to say thanks for stop loss because it can distance yourselft from feeling gredy
so stop lose saver your life, and need to use it in trading

[okala]

This market (bitcoin) is highly volatile, that it is almost impossible to predict the next direction in long run. Most of the indicators are lagging and a single tweet can create over $2000 price movements. I think we need professionals investors and institutional traders to reduce the volatility of the market.

[DevilSlayer]

Stop loss is important because it is "required" in every trade we should have this kind of plan in order to minimize the losses. I do trailing stop loss always, if my bias did not happen then I will sell it in the breakout of 10 MA. There are many stop loss technique like percentage stop and I also selling my position if the current daily candle closes below into the previous daily candle.

[drlukacs]

Hello,

I had this question in mind, since many of my trades with an adjusted stop loss got triggered, but then the market goes in the direction I wanted, but since it got triggered basically im out. I know this is due to big fishes messing around.

What do you guys think, is stop loss something or, or not so good?

Those things will bring you a new market experience. You should consider it as a lesson to learn later you can set a stop loss level further or choose a more appropriate time to place an order. Initially I often encountered many such cases but I did not admit any tools, I reviewed myself for the wrong orders at the right time, then I learned from experience and gradually I traded. better and have less losses.

[ViceOfBTC21]

A good reason why stop loss might be good is because even the most perfect Internet connection will fail some time. Maybe your computer breaks during sometime, which will make it impossible to stop an order.

That's one of reasons why I believe every trader should use stop loss.

[Bagaji]

Hello,

I had this question in mind, since many of my trades with an adjusted stop loss got triggered, but then the market goes in the direction I wanted, but since it got triggered basically im out. I know this is due to big fishes messing around.

What do you guys think, is stop loss something or, or not so good?

Stop loss will only be seeing as a bad thing to some people because of their greedy mind set. They want to get it all for themselves and if you should check the numbers of time that the market move above your direction you will see that is less than that of the time it moved as against your expected direction.

[bettercrypto]

Why do we need to have stop loss strategy? Because we need to avoid an extreme loss for our trades. We are just human and we can experience bad trades anytime. So, to prevent such loss made by manipulation, we need to have a cut loss or we experience a cut throat trades. Only, traders who are not greed will do this. Because they think of how much they will lose more in case the trend reverse.

[Hallmader]

Which point of view are you looking at it? If you look at stop loss as a mechanism to save you from bigger losses, then it is indeed a life saver. One the other hand, if you look at stop loss as way to fail gaining or taking profit then it is a bitter tool that you should do away from. Having said it, stop loss is not to blame. It is just a tool or a mechanism. The market is totally independent of it. You analyze the market well and stop loss is going to be your friend. You fail it and stop loss is an enemy.

[d3nz]

A good reason why stop loss might be good is because even the most perfect Internet connection will fail some time. Maybe your computer breaks during sometime, which will make it impossible to stop an order.

That's one of reasons why I believe every trader should use stop loss.

But, sometimes you really need to check the market if it will go down more and I've experience that before i already make a position for a stop-loss but the price goes much dip in which i didn't realize that it will happen and i just watched movie that time.

And i think, stop-loss is a lifesaver but we need to always the market or a notification if it will plummet much more. It really depends on what token/coin you are buying and if it has more volume and talk of the community.

[Ashong Salonga]

Hello,

I had this question in mind, since many of my trades with an adjusted stop loss got triggered, but then the market goes in the direction I wanted, but since it got triggered basically im out. I know this is due to big fishes messing around.

What do you guys think, is stop loss something or, or not so good?

It's good if were used properly. Stop loss wouldn't just be put without proper evalution. As you do a technical analysis, you must determine where should stop loss be placed too in which it should be on the support and take profit should be placed to the resistance. Even though the stop loss cut your chance to get a higher profit, it's still okay rather than continuously winning.

[Arkann]

Why do we need to have stop loss strategy? Because we need to avoid an extreme loss for our trades. We are just human and we can experience bad trades anytime. So, to prevent such loss made by manipulation, we need to have a cut loss or we experience a cut throat trades. Only, traders who are not greed will do this. Because they think of how much they will lose more in case the trend reverse.

Stop Loss must be used so that the trader can minimize losses and be more able to secure the profit to be set. Stop loss strategy is certainly widely used by traders because it is proven accurate to avoid losses. Unlike trading using bots, bots will automatically work to minimize losses

In any case, the use of stop loss is beneficial only with the right settings.  If a trader correctly uses these functions, then he is more likely to get good results from trading.  Basically, stop-loss is used in order not to sit at the monitor screen 24 hours a day and does not follow everything that happens endlessly.

[Xxmodded]

Many investor never agree when to stop loss with their assets, look keep holding although price increase down more than 30% and more, after success buying with some coin trading why not put limited selling coin for ready when their coin assets trading have lower price, I think better lost little with your money than we have waiting for long time with holding without know when price up.

[mbakruroh]

For me stop loss is saver, so I must use it for better result. About 2 years a go I make mistake and lost 49% from my fund because ignore stop loss. I keep hold when market slowly but sure goes down. The problem is I use small range and because this I believe the price will rise and the reality is really bad. If I set it I only loss 10% and I regret it very deep. Stop loss create as break to stop, no break no safety.

[jostorres]

Hello,

I had this question in mind, since many of my trades with an adjusted stop loss got triggered, but then the market goes in the direction I wanted, but since it got triggered basically im out. I know this is due to big fishes messing around.

What do you guys think, is stop loss something or, or not so good?

All of us do take a position in the wrong side of the market it happens to everyone, but remember that there are times that the market will keep falling and you only have stop loss to save your ass in a moment like this. Especially for newbies, there’s saying that you should live to trade another day.

If you don’t save your money from crashing then you’re not going to live to trade another day and gain more experience. There are different ways to make use of stop loss and you should look into and try to maybe the time or percentage you set your stop loss so that if there is a short divert it doesn’t cut off immediately.

[The Sceptical Chymist]

I get the impression that about 60% of members posting here don't have a clue what a stop-loss order is.  Not surprising.

OP, there's nothing inherently right or wrong about using a stop-loss order and if you're trading a particularly volatile coin and your exchange offers that function, it could save you from losing more than you want to.  I used to trade stocks and could have put in stop-loss orders but generally I didn't--and there were some trades that I kicked myself because I didn't use one.  They can be figurative life-savers as you alluded to, and they're certainly not "evil". 

[Driggers95]

For me stop loss is saver, so I must use it for better result. About 2 years a go I make mistake and lost 49% from my fund because ignore stop loss. I keep hold when market slowly but sure goes down. The problem is I use small range and because this I believe the price will rise and the reality is really bad. If I set it I only loss 10% and I regret it very deep. Stop loss create as break to stop, no break no safety.

Of course, the example you are telling is a very typical example of stop loss being a savior for all of us in trading, it helps us to reduce the loss rate to the level we want and maintains some capital to be able to enter the market in times of market revival. However, only those who have felt the pain of loss without stopping loss understand this, those who fall into coincidence times, the loss becomes thorns, even making them miss the moment of revival will not understand, in general, we need a process to understand the importance of stop loss

[peter0425]

For me stop loss is saver, so I must use it for better result. About 2 years a go I make mistake and lost 49% from my fund because ignore stop loss. I keep hold when market slowly but sure goes down. The problem is I use small range and because this I believe the price will rise and the reality is really bad. If I set it I only loss 10% and I regret it very deep. Stop loss create as break to stop, no break no safety.

Of course, the example you are telling is a very typical example of stop loss being a savior for all of us in trading, it helps us to reduce the loss rate to the level we want and maintains some capital to be able to enter the market in times of market revival. However, only those who have felt the pain of loss without stopping loss understand this, those who fall into coincidence times, the loss becomes thorns, even making them miss the moment of revival will not understand, in general, we need a process to understand the importance of stop loss

i don't know why did OP say that stop loss  is a evil since this is very helpful from the beginning and this saves our asses for many times because if there is no stop loss strategy for sure all traders are failed by now.

I don't know what happen with my trading always will become myth or not because after selling my bitcoin and altcoin assets price always up but why after buying and trading with bitcoin and altcoin price always up, every time I try to sell my altcoin assets price can up faster but when I try to keep holding get bad moment with price keep down.

because all you want is to profit instantly and that is why you always find wrong timing,remember that in bitcoin we need to have patient and time ,holding if we dont get our target value at the given time.

[Apened]

For me stop loss is saver, so I must use it for better result. About 2 years a go I make mistake and lost 49% from my fund because ignore stop loss. I keep hold when market slowly but sure goes down. The problem is I use small range and because this I believe the price will rise and the reality is really bad. If I set it I only loss 10% and I regret it very deep. Stop loss create as break to stop, no break no safety.

Of course, the example you are telling is a very typical example of stop loss being a savior for all of us in trading, it helps us to reduce the loss rate to the level we want and maintains some capital to be able to enter the market in times of market revival. However, only those who have felt the pain of loss without stopping loss understand this, those who fall into coincidence times, the loss becomes thorns, even making them miss the moment of revival will not understand, in general, we need a process to understand the importance of stop loss

Well there is, we should know how to use it effectively,  not all stop loss is good but it will let us stick to our plans on trading as we never know if something big will going to occur out of nowhere and we are unprepared so there is a big risk over there that can put our money in a risk of losing a big amount because we are not using it. In other words its better to be stopped out than to let our losses become much worse to where the time comes that we cannot decide because its too big amount to accept and sell at loss.

[suzanne5223]

For me stop loss is saver, so I must use it for better result. About 2 years a go I make mistake and lost 49% from my fund because ignore stop loss. I keep hold when market slowly but sure goes down. The problem is I use small range and because this I believe the price will rise and the reality is really bad. If I set it I only loss 10% and I regret it very deep. Stop loss create as break to stop, no break no safety.

Of course, the example you are telling is a very typical example of stop loss being a savior for all of us in trading, it helps us to reduce the loss rate to the level we want and maintains some capital to be able to enter the market in times of market revival. However, only those who have felt the pain of loss without stopping loss understand this, those who fall into coincidence times, the loss becomes thorns, even making them miss the moment of revival will not understand, in general, we need a process to understand the importance of stop loss

i don't know why did OP say that stop loss  is a evil since this is very helpful from the beginning and this saves our asses for many times because if there is no stop loss strategy for sure all traders are failed by now.

You and the OP make a good point because stop can necessarily be evil it not manage proper and this are the reason why some crypti trader complain about losing their investment because they use the shop lost strategy at the wrong time.

I don't know what happen with my trading always will become myth or not because after selling my bitcoin and altcoin assets price always up but why after buying and trading with bitcoin and altcoin price always up, every time I try to sell my altcoin assets price can up faster but when I try to keep holding get bad moment with price keep down.

because all you want is to profit instantly and that is why you always find wrong timing,remember that in bitcoin we need to have patient and time ,holding if we dont get our target value at the given time.

That's clearly not the reason and what i see about the OP is someone who still lack the right knowledge to trade profitable. Besides, i believe the only method she used now is following the crowd.

[Sahyadri]

Like it or not, stop loss helps make your trades more effective in long run. You might miss on an opportunity because of a stop loss in this highly volatile market. But it helps you stay on track and helps in keeping your emotions out of the trade which is very essential in trading a highly volatile market.
It also helps in maintaining the desired risk reward ratio which is another critical factor of trading volatile markets.

[boris singer]

Like it or not, stop loss helps make your trades more effective in long run. You might miss on an opportunity because of a stop loss in this highly volatile market. But it helps you stay on track and helps in keeping your emotions out of the trade which is very essential in trading a highly volatile market.
It also helps in maintaining the desired risk reward ratio which is another critical factor of trading volatile markets.

the risk of loss can be minimized with a small profit target of under 4%, there are still some altcoins that are still close to atl, and we can be sure the downward trend will not break the last support and will rise slowly again, stop losses are not needed and most importantly to continue to ensure that the down graph remains at a level that is not out of range. I only use it while offline, but not always.

[Quidat]

For me stop loss is saver, so I must use it for better result. About 2 years a go I make mistake and lost 49% from my fund because ignore stop loss. I keep hold when market slowly but sure goes down. The problem is I use small range and because this I believe the price will rise and the reality is really bad. If I set it I only loss 10% and I regret it very deep. Stop loss create as break to stop, no break no safety.

Of course, the example you are telling is a very typical example of stop loss being a savior for all of us in trading, it helps us to reduce the loss rate to the level we want and maintains some capital to be able to enter the market in times of market revival. However, only those who have felt the pain of loss without stopping loss understand this, those who fall into coincidence times, the loss becomes thorns, even making them miss the moment of revival will not understand, in general, we need a process to understand the importance of stop loss

Trading up on the way of being too meticulous and very strict when it comes to fund management then you wont definitely forget on setting up a stop loss.We know that this will limit out on how deep the loss would it be but here on crypto you should know on how to place it up yet volatility will easily eat you since movement can swing up on bigger percents compared to other markets.

Good thing with SL is that you can definitely still have the chance of recovery since you havent still blown out your entire capital or account.
SL would be good for short or day traders though but it isnt really that needed for Hodlers.

[Assface16678]

For me stop loss is saver, so I must use it for better result. About 2 years a go I make mistake and lost 49% from my fund because ignore stop loss. I keep hold when market slowly but sure goes down. The problem is I use small range and because this I believe the price will rise and the reality is really bad. If I set it I only loss 10% and I regret it very deep. Stop loss create as break to stop, no break no safety.

Of course, the example you are telling is a very typical example of stop loss being a savior for all of us in trading, it helps us to reduce the loss rate to the level we want and maintains some capital to be able to enter the market in times of market revival. However, only those who have felt the pain of loss without stopping loss understand this, those who fall into coincidence times, the loss becomes thorns, even making them miss the moment of revival will not understand, in general, we need a process to understand the importance of stop loss

Trading up on the way of being too meticulous and very strict when it comes to fund management then you wont definitely forget on setting up a stop loss.We know that this will limit out on how deep the loss would it be but here on crypto you should know on how to place it up yet volatility will easily eat you since movement can swing up on bigger percents compared to other markets.

Good thing with SL is that you can definitely still have the chance of recovery since you havent still blown out your entire capital or account.
SL would be good for short or day traders though but it isnt really that needed for Hodlers.

In cryptocurrency, this is a game with full of risk it depends on your luck and to your self how to do you will earn a profit on using crypto. We have a two kind of earnings in crypto first is the gambling this time it can test your luck and if you know how to play gambling games better to try this because this is fun and a lot of excitement. Next is the trading this one can give you a daily profit or a long term profit, in short term trading you can use altcoins to trade and get a regular income, in long term trading it takes a lot of time before you get your money. Not all the time a cryptocurrency holder always have their profit on each transaction, and this can cause of loss of income that is bad, still many traders and gamblers use this failure as a stepping stone to bring back to the top, but most of them fail and getting too much loss and debt.

[Subbir]

maybe that mean become an evil is stop loss limits the sell price, so when the price of coins going to the moon and should be get more profit if not use stop loss. i think is feeling greedy so its bad and you have to say thanks for stop loss because it can distance yourselft from feeling gredy
so stop lose saver your life, and need to use it in trading

Stop-loss will protect you from loss by targeting all aspects of the market which will change at any time within the trading market. Suppose you were asleep for any reason when the worth movement went beyond your perception, what would you do? you'll have tons of loss beyond your thought so you ought to use a stop-loss.

[jazmuzika217]

Honestly quiting and shifting on other coin is not practical. All we know from the start we need lot of patience here in crypto world. So if you quit you already prove that you can't really do about crypto businees. I think this is bad habbit of every investors and traders. We  need to learn from our mistake not to quit.

[barabarian1]

in my opinion it is better to use such a method, because with a stop loss can prevent you from a very large loss if you are only stuck in one coin with a very long time. I'm not saying it's evil, and it's a must to use stop loss when you can't predict the market price in the future. usually traders will experience large losses, when their speculations fail and are too ambitious to seek very large profits without using stop loss. I myself use stop loss to avoid huge losses and seek profit with stop loss.

[Xxmodded]

Stop loss available for keeping our assets safety although have loss little amount than we keep holding and assets coin price increase very low, we lost our chance to get back money and keep holding until price back with higher, where needed more time maybe one year or become two years waiting with altcoin holding price back to higher.

[SARA ISLAM]

Stoploss is a lifesaver if you use it in the right point, in an uptrend always set stop loss under a swing low like this, The crypto market is so volatile if you do not set stop loss then anytime it can destroy your trading life.

[ChronoLite]

where needed more time maybe one year or become two years waiting with altcoin holding price back to higher.

you don't even need to wait that long to actually get your profit back. probably you will forget about your assets after few months. so, i would recommend to just not holding that altcoin for long time if you are not sure when to sell it. would be better to stop loss rather than holding for nothing.

[pgbit]

I cannot count the times my ass has been saved because of Stop-loss.
As a professional trader, it is your duty to constantly check your active trades especially when there has been a price movement that he likely triggered your Stop-loss to activate, so Stop-loss is definitely a life saver but this all depends on the trader, if Stop-loss didn't exist, some people would be available 24/7 for their trades but because it exists, many of them just tend to slack off.

[Kasabus]

Definitely, it was a life saver...just try to read this one the advantage of using Stop-loss in any form of trading
https://forextradingstrategies4u.com/trading-with-a-tight-stop-loss/

You'll find out that it is very useful during the bear season and somewhat a good strategy when your trades become complicated. It basically saves you from losing a lot but of course, you'll have used this carefully for every single mistake will also drag you down.

[Wipeout2097]

Its all about the condition of trade and market,For me it is like a life saver and we save our trade from massive losses.If you are expert enough in the trading the SL will be life saver and  just put without any proper strategy  will evil for you.
This is reason it is called trading is not everyone but fro those who fall daily but again stand with a courage and new hope to recover all losses,Because they have confident on their skills and knowledge to reach where they want to be.

[milewilda]

Definitely, it was a life saver...just try to read this one the advantage of using Stop-loss in any form of trading
https://forextradingstrategies4u.com/trading-with-a-tight-stop-loss/

You'll find out that it is very useful during the bear season and somewhat a good strategy when your trades become complicated. It basically saves you from losing a lot but of course, you'll have used this carefully for every single mistake will also drag you down.

Most of the time it would really be a lifesaver but applying here on crypto is somewhat not really that needed? Why? because we can eventually wait for
recovery of price and that wont took so long if we do compare the price movement against stocks and forex which means you do still have the chance of recovery and cant be treated nor considered as a total loss due you are still holding that coin but it would be a stressful thing yet patience would be tested out but if we do deal with active trades then this one is a must.

[LUCKMCFLY]

Hello,

I had this question in mind, since many of my trades with an adjusted stop loss got triggered, but then the market goes in the direction I wanted, but since it got triggered basically im out. I know this is due to big fishes messing around.

What do you guys think, is stop loss something or, or not so good?

I think Stop Loss is prudent to have it, but not with a rate higher than 8% at most 10%, but if the movement is in your favor, you can move it to increase your profit rate, the gains should always be lengthened and quickly cut the losses.

When a movement turns against and skips the Stop Loss, don't be disappointed, the market always offers opportunities, the key is not to despair.

[adaseb]

This is actually a pretty good question and my answer is that a stop loss is BOTH.

In my early days of trading I never used stop losses because I had no idea where to put them or I didn't know that feature existed. Later on I started using stop losses because I learnt in some tutorial. Then I kept getting my stops hit and almost everytime price reversed usually, so I stopped again them again and it made things worse.

Basically it made things worse is because you can't under estimate the market, similar to how bitcoin broke $6000 in November 2018, people assumed $5500 would be the low but it kept going lower and lower and lower to $3100. And basically a small loss turned into a big one.

Hence they are a little of both, sometimes they can save you but many times they just stop you out and reverse right after.

[theghostm1]

It is known that the price movement cannot be expected 100%, and therefore if the price reflects on the trader with a big difference, the stop loss will be the only savior.
 The fact that a stop loss is more effective in Forex than digital currencies

[Kasabus]

Stop loss is one of trading's most useful tools. Personally, I lost a substantial amount of money just because I was in a shoulder-free business. Unfortunately, choosing the right stop size is particularly difficult now because market manipulators simply knock out the stops with some actions. However, even if this factor is taken into account, it is impossible not to use such a useful tool, because without using it you will surely lose more. Stop loss minimises your risk and the likelihood of error.

That's why it's added because it's requested and it's useful to day traders.

Market seems so unpredictable, dump and pump are happening and sometimes a coin could not recover anymore or will take time to recover and that means your money will be stuck which you can have use for trading other more volatile assets in the market.

[leowonderful]

It depends how you use stop losses and what sort of analysis leads you to place stops at a certain place. I usually use market stoplosses while trading on leverage on sites like Bitmex, and they're definitely a lifesaver in those instances when things can move extremely rapidly in one direction and limiting losses is extremely important as a result. They can certainly be bad if you're constantly getting stopped out by bad stoploss placement (placing stops in extremely obvious places like near local highs and lows, etc), but they're generally a very good thing in my eyes. Just depends how you're using it in the end.

[Barbut]

It's a lifesaver, you use a stop loss to not sink. It's a good trading tool, it should be used for almost every trade, we can't predict where the price is heading next. It's better to get out from a sinking ship before it touches the bottom, and if you think that ship can recover from that you can buy back what you sold. It doesn't work all the time, but it's better to be safe than sorry.

[AbuBhakar]

It's a lifesaver, you use a stop loss to not sink. It's a good trading tool, it should be used for almost every trade, we can't predict where the price is heading next. It's better to get out from a sinking ship before it touches the bottom, and if you think that ship can recover from that you can buy back what you sold. It doesn't work all the time, but it's better to be safe than sorry.

I also consider it as a lifesaver since we need to do it as we know how volatile the market is. We need to set up to how much we are able to lose to keep trading in this speculative market. I usually forget to stop loss that I regret the most as I lose a lot instead of gaining.

[Colt81]

If you ever feel that the market will drop it's price, you should better use a stop loss because it is one of the most useful tools in trading to prevent you from having a huge loss, that is why it is a life saver. You can't actually predict when will the market will go up and down, so making a good analysis would help you to have a good trade.

[secone]

Hello,

I had this question in mind, since many of my trades with an adjusted stop loss got triggered, but then the market goes in the direction I wanted, but since it got triggered basically im out. I know this is due to big fishes messing around.

money management is the important thing if you want to be a profesional trader, profesional trader wil use investor money to trade and take profit, but sometimes he ready to lost too if he wrong in seeing the direction of the market. everyone need stop loss and take profit, even in real life, when you feel danger don't do it.
so for me this feature very usefull, to maximize our profit and minimize our loss

What do you guys think, is stop loss something or, or not so good?

its something usefull, but this is diffirent ni crypto HODL, long investment didn't need stop loss

[oktana]

If you ever feel that the market will drop it's price, you should better use a stop loss because it is one of the most useful tools in trading to prevent you from having a huge loss, that is why it is a life saver. You can't actually predict when will the market will go up and down, so making a good analysis would help you to have a good trade.

What is worrying is if the stop loss is only triggered by a long tail that appears suddenly and only temporarily.

we cannot only focus on feelings if we are in this condition. I myself chose to set the stop price for the trigger limit, and the limit price with a greater percentage if the trend caused the price to fall very badly, this is also a weakness of the long-term trader because it cannot maximize the use of stop losses.

[Pamadar]

If you ever feel that the market will drop it's price, you should better use a stop loss because it is one of the most useful tools in trading to prevent you from having a huge loss, that is why it is a life saver. You can't actually predict when will the market will go up and down, so making a good analysis would help you to have a good trade.

Pro traders have this function as they knew that market volatility is really tough to handle. they will choose to have some small percentage of loses than to suffer the whole investment capital. Using stop loss in the right manner gives you the edge as if ever you made mistakes it will not gives further damages but small amount and can be recover in your next position using your chosen assets.

[tungaqhd]

Hello,

I had this question in mind, since many of my trades with an adjusted stop loss got triggered, but then the market goes in the direction I wanted, but since it got triggered basically im out. I know this is due to big fishes messing around.

What do you guys think, is stop loss something or, or not so good?

Stop loss is a life saver for me. I set stop loss for every trade, it protects me from big loss if my prediction is wrong and i don't have time to look at the chart the whole day.

[ultrloa]

Hello,

I had this question in mind, since many of my trades with an adjusted stop loss got triggered, but then the market goes in the direction I wanted, but since it got triggered basically im out. I know this is due to big fishes messing around.

What do you guys think, is stop loss something or, or not so good?

Stop loss is a life saver for me. I set stop loss for every trade, it protects me from big loss if my prediction is wrong and i don't have time to look at the chart the whole day.

That would be the more ideal things to do than cracking our heads for holding more even if the market is dying since it will be a huge pain if we bag hold and wait for something good will happen for certain coin we hold on that day. That's why It's always good to stop loss and buy when the dump stabilize since by this a huge chances that we can earn back what we lose with huge percentage of winnings.

[carlfebz2]

Hello,

I had this question in mind, since many of my trades with an adjusted stop loss got triggered, but then the market goes in the direction I wanted, but since it got triggered basically im out. I know this is due to big fishes messing around.

What do you guys think, is stop loss something or, or not so good?

Stop loss is a life saver for me. I set stop loss for every trade, it protects me from big loss if my prediction is wrong and i don't have time to look at the chart the whole day.

That would be the more ideal things to do than cracking our heads for holding more even if the market is dying since it will be a huge pain if we bag hold and wait for something good will happen for certain coin we hold on that day. That's why It's always good to stop loss and buy when the dump stabilize since by this a huge chances that we can earn back what we lose with huge percentage of winnings.

You wouldn't necessarily to wait for recovery yer you can average down or accumulate still while the prices is moving down. Yes its risky or gamble but its your choice if you do embrace up the risk.

Stop loss would be ideal on scalping on smaller time frames but for long term it isnt really that needed. SL are lifesavers if you are really following a very strict  capital management.

[EmmaLory]

short time trader must be use stop loss for safety. now market condition very critical up and down trend now live ,so every short time trader use stop loss. long time no need stop loss i think

[crossabdd]

I use the stop loss feature only when I can't monitor trades. actually this feature is good for reducing losses. rather than holding without knowing the direction. better to use this feature. several times I lost a lot of the value of the coins that I held. but with stop loss. this is more controlled.

[Edraket31]

I use the stop loss feature only when I can't monitor trades. actually this feature is good for reducing losses. rather than holding without knowing the direction. better to use this feature. several times I lost a lot of the value of the coins that I held. but with stop loss. this is more controlled.

For most of us for sure it is a life saver, for me I don't have much time to monitor the price too as sometimes, I do have meetings in our work, so I see to it that I have put up stop loss. But when I don't have work then that's the time I can focus and no need to put stop loss, it's not evil but a very helpful tool for me.

[davinchi]

Honestly, on a day traders job stop loss is a very very important part of the deal, they are dealing with such small increments that even 1% is a big deal for them, they do use stop loss in the sense that they want to do 100 trades every day and make if possible 1% profit at the end of the day, that is all they care about, 1% a day is 365% a year so most of them fail but at the same time staying in a bear run with crypto at hand is nightmare for them so they are willing to let small fall go by in order to keep themselves liquid and ready to trade again.

Same goes for sell orders by the way, like for example they bought at 100, they put order to sell at 101 so they can get quick profit right away. I will never understand how their brain works but those quick moves require stop loss very much.

[Mpamaegbu]

Stop loss is a must for a day trader. Stuck in a coin in a long time is not better than loss a bit of capital and move to another trades with chance to get more profits.

I can relate with this from experience and so I honestly think SL is the way to go. But don't just make it a tight SL. Give it room to breath and take your mind off it. If it hits SL, you already predetermined your loss and so you move on. To let a trade float for days in loss has no meaning because at the end one might still end up losing and even losing big time.

[spike420211]

It's a lifesaver, you use a stop loss to not sink. It's a good trading tool, it should be used for almost every trade, we can't predict where the price is heading next. It's better to get out from a sinking ship before it touches the bottom, and if you think that ship can recover from that you can buy back what you sold. It doesn't work all the time, but it's better to be safe than sorry.

I agree with you. The key here is "In every trade."
It happens that everything goes so well that at some point you simply stop using this function, since setting up the next stop loss seems pointless, because the price is always moving in one direction.
However, it is precisely at these moments that events occur that can upset you very much and take away a significant amount of profit if the trend goes in the opposite direction and you are not ready for it.

[Pinkris128]

In my own personal opinion, stop loss could actually help a trader to minimize their losses when we are facing a sudden price drop or a bear market, that is why it is a life saver. But some traders intends not to stop their losses because they actually just hodl their coins until the price returns.

[Joyawan13]

in trading when market prices move faster to change we do not have to panic and be afraid of the losses you get, because trading must be able to think that in trading we certainly want to benefit from our trade, not when prices suddenly decline quickly and we estimate the trade loss and we panic and sell it, that's the wrong action in my opinion, stop loss and calm down, wait for the price to go back up again.

[PuertoLibre]

In my own personal opinion, stop loss could actually help a trader to minimize their losses when we are facing a sudden price drop or a bear market, that is why it is a life saver. But some traders intends not to stop their losses because they actually just hodl their coins until the price returns.

Stop loss is kinda double-edged sword for the inexperienced traders. The inexperienced trader has no idea where to put the stop loss line on chart and how to adjust it according to the latest market patterns. The naked price pattern is the best way to trade the average volatile markets without using the stop loss or take profit orders. The fake breakouts or early rebounds/pullbacks will be hit the SL before the trader moves it to the safe zone.

[janggernaut]

in trading when market prices move faster to change we do not have to panic and be afraid of the losses you get, because trading must be able to think that in trading we certainly want to benefit from our trade, not when prices suddenly decline quickly and we estimate the trade loss and we panic and sell it, that's the wrong action in my opinion, stop loss and calm down, wait for the price to go back up again.

Which one actually you suggested to people? Between don't sell when the price decline and use stop loss? Those 2 are very different and those can't be happening on same time.
Stop loss is when you sell your coin after it your stop loss you have set before, it can't be undone after it got executed.

[RealMalatesta]

Most things, if not all, has two sides (advantage and disadvantage).
If you’re making use of stop loss in trading and you’re not there to continue it after the trade has been stopped due to going the wrong direction, then you’re likely to miss out if things should get to a better line and start moving up.

But whatever, we should still call it a life saver because it’s not every time that the price of asset would go down and rebound, most times when it starts crashing it just continues to fall to a lower price till you lose everything. Stop loss is mean to save you from such situation where you are likely to lose everything.

[Kevondo]

Most things, if not all, has two sides (advantage and disadvantage).
If you’re making use of stop loss in trading and you’re not there to continue it after the trade has been stopped due to going the wrong direction, then you’re likely to miss out if things should get to a better line and start moving up.

But whatever, we should still call it a life saver because it’s not every time that the price of asset would go down and rebound, most times when it starts crashing it just continues to fall to a lower price till you lose everything. Stop loss is mean to save you from such situation where you are likely to lose everything.

Stop loss can be treated as a life jacket in this trade. You can use it in time of need, it will save you from great loss in long term business. But why to think and worry about loss, we can make positive hopes that we will not face any loss, the prices will not go down. Your positive hopes will also act as a saving kit for your business it will give you inspiration and you can struggle more in it.

[doomloop]

It's a lifesaver, you use a stop loss to not sink. It's a good trading tool, it should be used for almost every trade, we can't predict where the price is heading next. It's better to get out from a sinking ship before it touches the bottom, and if you think that ship can recover from that you can buy back what you sold. It doesn't work all the time, but it's better to be safe than sorry.

I agree with you. The key here is "In every trade."
It happens that everything goes so well that at some point you simply stop using this function, since setting up the next stop loss seems pointless, because the price is always moving in one direction.
However, it is precisely at these moments that events occur that can upset you very much and take away a significant amount of profit if the trend goes in the opposite direction and you are not ready for it.

It is important part of every trade, one should set it for his trade at a better time. Make a good decision before you regret. The nature of this trade is very fluctuating so one should keep a strong eye on everything before it get lost. Setting good minimize loss for your trade is the good quality of a trader.

[Leviathan.007]

Depends on yourself and the value of the stop loss.
If you choose a good value for it, this can be a money saver. but if you don't ...

[coin_gambler]

Stop loss is one of trading's most useful tools. Personally, I lost a substantial amount of money just because I was in a shoulder-free business. Unfortunately, choosing the right stop size is particularly difficult now because market manipulators simply knock out the stops with some actions. However, even if this factor is taken into account, it is impossible not to use such a useful tool, because without using it you will surely lose more. Stop loss minimises your risk and the likelihood of error.

[Lecam]

Hello,

I had this question in mind, since many of my trades with an adjusted stop loss got triggered, but then the market goes in the direction I wanted, but since it got triggered basically im out. I know this is due to big fishes messing around.

What do you guys think, is stop loss something or, or not so good?

Stop loss is a must for a day trader. Stuck in a coin in a long time is not better than loss a bit of capital and move to another trades with chance to get more profits. So stop loss is the key for day traders who lives their life with trading. But we have to determined where we want to stop loss first before we enter a trade

Stocking coins its really good enough especially those coins that no potential to grow. So maybe only buy coins when a short trader buy and sell if you see that you have profit you can sell it then buy back again once the coin goes down the price. Because in short trade you can see your profit in a days so its really good to do short trade than to hold it for a long term.

[adroitful_one]

Stop loss is one of trading's most useful tools. Personally, I lost a substantial amount of money just because I was in a shoulder-free business. Unfortunately, choosing the right stop size is particularly difficult now because market manipulators simply knock out the stops with some actions. However, even if this factor is taken into account, it is impossible not to use such a useful tool, because without using it you will surely lose more. Stop loss minimises your risk and the likelihood of error.

My problem is the opposite. It seems like every time I try to use a stop loss, the coin will dip and sell at the price and then immediately go back up and trade for the price I was originally wanting to sell for anyways. It drives me nuts knowing I would have had the trade go through had I just not used a stop loss. I just don't really find them that useful if I'm trading top coins. Usually, even if the price dips down, it returns sooner rather than later to the price I was wanting to sell at.

[wildan88]

Stop loss is one of trading's most useful tools. Personally, I lost a substantial amount of money just because I was in a shoulder-free business. Unfortunately, choosing the right stop size is particularly difficult now because market manipulators simply knock out the stops with some actions. However, even if this factor is taken into account, it is impossible not to use such a useful tool, because without using it you will surely lose more. Stop loss minimises your risk and the likelihood of error.

My problem is the opposite. It seems like every time I try to use a stop loss, the coin will dip and sell at the price and then immediately go back up and trade for the price I was originally wanting to sell for anyways. It drives me nuts knowing I would have had the trade go through had I just not used a stop loss. I just don't really find them that useful if I'm trading top coins. Usually, even if the price dips down, it returns sooner rather than later to the price I was wanting to sell at.

sometimes I also experience the same thing, when the cut loss prices go back up, but I apply 10% to the cutloss, and according to my experience it's better to lose 10% and it will be easy to recover, than I did not cutloss and lose more than 50%.

[adroitful_one]

Stop loss is one of trading's most useful tools. Personally, I lost a substantial amount of money just because I was in a shoulder-free business. Unfortunately, choosing the right stop size is particularly difficult now because market manipulators simply knock out the stops with some actions. However, even if this factor is taken into account, it is impossible not to use such a useful tool, because without using it you will surely lose more. Stop loss minimises your risk and the likelihood of error.

My problem is the opposite. It seems like every time I try to use a stop loss, the coin will dip and sell at the price and then immediately go back up and trade for the price I was originally wanting to sell for anyways. It drives me nuts knowing I would have had the trade go through had I just not used a stop loss. I just don't really find them that useful if I'm trading top coins. Usually, even if the price dips down, it returns sooner rather than later to the price I was wanting to sell at.

sometimes I also experience the same thing, when the cut loss prices go back up, but I apply 10% to the cutloss, and according to my experience it's better to lose 10% and it will be easy to recover, than I did not cutloss and lose more than 50%.

I don't ever hold trades long enough to lose 50%. I only trade good, well established coins and try to trade them off within a couple of days. So, unless something major happens with the project, I don't ever see that much of a crash. How long are you trading where you see those kinds of losses? That's one of the reasons I don't hold long term. Those 50% losses would stress me out too much.

[wildan88]

Stop loss is one of trading's most useful tools. Personally, I lost a substantial amount of money just because I was in a shoulder-free business. Unfortunately, choosing the right stop size is particularly difficult now because market manipulators simply knock out the stops with some actions. However, even if this factor is taken into account, it is impossible not to use such a useful tool, because without using it you will surely lose more. Stop loss minimises your risk and the likelihood of error.

My problem is the opposite. It seems like every time I try to use a stop loss, the coin will dip and sell at the price and then immediately go back up and trade for the price I was originally wanting to sell for anyways. It drives me nuts knowing I would have had the trade go through had I just not used a stop loss. I just don't really find them that useful if I'm trading top coins. Usually, even if the price dips down, it returns sooner rather than later to the price I was wanting to sell at.

sometimes I also experience the same thing, when the cut loss prices go back up, but I apply 10% to the cutloss, and according to my experience it's better to lose 10% and it will be easy to recover, than I did not cutloss and lose more than 50%.

I don't ever hold trades long enough to lose 50%. I only trade good, well established coins and try to trade them off within a couple of days. So, unless something major happens with the project, I don't ever see that much of a crash. How long are you trading where you see those kinds of losses? That's one of the reasons I don't hold long term. Those 50% losses would stress me out too much.

I trade in binance, there were lots of coins that fell below 50% when bitcoin price surged, at that time I was too confident and tried not to cutloss when it went down, but apparently it kept going down, until finally I got a 50% loss and did not dare to backup my loss for fear that it will continue to fall and until now its difficult to recover to reach 50%. so my principle always put 10% cutloss each decrease.

[drlukacs]

Hello,

I had this question in mind, since many of my trades with an adjusted stop loss got triggered, but then the market goes in the direction I wanted, but since it got triggered basically im out. I know this is due to big fishes messing around.

What do you guys think, is stop loss something or, or not so good?

may be because you placed a wrong and sometimes you pay a price for it. Everyone here knows that they are facing whales, not the regular crowd. For crypto markets, when trading on margin or futures, we should bear greater risk. That's the safest way to keep our orders safe. or if you don't accept it, you should trade only while you are still awake. then you can see how the market is going and you will decide right then. absolutely not traded at night, because the whales are usually active at night.

[iamsange]

Hello,

I had this question in mind, since many of my trades with an adjusted stop loss got triggered, but then the market goes in the direction I wanted, but since it got triggered basically im out. I know this is due to big fishes messing around.

What do you guys think, is stop loss something or, or not so good?

may be because you placed a wrong and sometimes you pay a price for it. Everyone here knows that they are facing whales, not the regular crowd. For crypto markets, when trading on margin or futures, we should bear greater risk. That's the safest way to keep our orders safe. or if you don't accept it, you should trade only while you are still awake. then you can see how the market is going and you will decide right then. absolutely not traded at night, because the whales are usually active at night.

Or maybe change to long term. Because day trading actually not fit for some people, like OP maybe who afraid about his investment if want to leave market with his order on becasue logn term market means we jusr buy and hold it no matter what happen everyday before our target reached.

[TitanGEL]

Cut loss is important before you execute your trade, why it is important? Stop loss is important because it only means that our expectation did not happen. All of the discipline trader have stop loss strategy because it is impossible to win every trade. Trading is a game of probability where we cannot always win. Stop loss can lessen the risks that we are taking.

[Visbay]

Stop loss is one of trading's most useful tools. Personally, I lost a substantial amount of money just because I was in a shoulder-free business. Unfortunately, choosing the right stop size is particularly difficult now because market manipulators simply knock out the stops with some actions. However, even if this factor is taken into account, it is impossible not to use such a useful tool, because without using it you will surely lose more. Stop loss minimises your risk and the likelihood of error.

My problem is the opposite. It seems like every time I try to use a stop loss, the coin will dip and sell at the price and then immediately go back up and trade for the price I was originally wanting to sell for anyways. It drives me nuts knowing I would have had the trade go through had I just not used a stop loss. I just don't really find them that useful if I'm trading top coins. Usually, even if the price dips down, it returns sooner rather than later to the price I was wanting to sell at.

sometimes I also experience the same thing, when the cut loss prices go back up, but I apply 10% to the cutloss, and according to my experience it's better to lose 10% and it will be easy to recover, than I did not cutloss and lose more than 50%.

I don't ever hold trades long enough to lose 50%. I only trade good, well established coins and try to trade them off within a couple of days. So, unless something major happens with the project, I don't ever see that much of a crash. How long are you trading where you see those kinds of losses? That's one of the reasons I don't hold long term. Those 50% losses would stress me out too much.

For me, it is not good to cut loss because we know crypto never remains the same in life and if you realize that the market is down it’s not good to risk your losing 10 percent Bette keep holding. As I know crypto is about price change so no need to be a worry at all just believes in your abilities and keep trading but at fall try to keep holding.

[red4slash]

Cut loss is important before you execute your trade, why it is important? Stop loss is important because it only means that our expectation did not happen. All of the discipline trader have stop loss strategy because it is impossible to win every trade. Trading is a game of probability where we cannot always win. Stop loss can lessen the risks that we are taking.

in doing the previous cut loss we have done management on the risks that might occur in the current investment. so we think of the bad possibilities that will occur and not just think about the benefits, all must circulate simultaneously because in crypto the risks are quite large.

[dimonstration]

Cut loss is important before you execute your trade, why it is important? Stop loss is important because it only means that our expectation did not happen. All of the discipline trader have stop loss strategy because it is impossible to win every trade. Trading is a game of probability where we cannot always win. Stop loss can lessen the risks that we are taking.

I didn't do it before, it may save me a lot before. Now that I'm using it, it really a Life saver in way you'll be able to appreciate whether you gain or not, but since you'll be able to stop at time that the price decline too much and you're in need of that money. No time in being greedy just appreciating you decide to do stop loss.

[milewilda]

Cut loss is important before you execute your trade, why it is important? Stop loss is important because it only means that our expectation did not happen. All of the discipline trader have stop loss strategy because it is impossible to win every trade. Trading is a game of probability where we cannot always win. Stop loss can lessen the risks that we are taking.

I didn't do it before, it may save me a lot before. Now that I'm using it, it really a Life saver in way you'll be able to appreciate whether you gain or not, but since you'll be able to stop at time that the price decline too much and you're in need of that money. No time in being greedy just appreciating you decide to do stop loss.

When im still starting to trade im really that too confident on having open or hanging orders not only btc though but on alts which do leave me hanging even up to now.
but well its too late to regret because you wont have any choice but to hold and im doing cost averaging or accumulating while on low prices yet at least you do able to
break even.If i do able to have stop loss then i might able not to lose that much.

[magneto]

It makes no sense to positively or negatively label a mechanism provided by an exchange - it's like saying whether or not limit orders are evil compared to market orders. It depends on your exact needs and you simply can't generalise it in that sense.

If you're trading in a market where there is thin support at a particular level and you want to exit your position as soon as the support is breached, since there is a high likelihood of a panic dump, then stop loss can definitely be useful.

But there is no point in saying whether it's good or bad in general terms - longing BTC can be good in some circumstances while bad in others.

[wildan88]

sometimes I also experience the same thing, when the cut loss prices go back up, but I apply 10% to the cutloss, and according to my experience it's better to lose 10% and it will be easy to recover, than I did not cutloss and lose more than 50%.

I don't ever hold trades long enough to lose 50%. I only trade good, well established coins and try to trade them off within a couple of days. So, unless something major happens with the project, I don't ever see that much of a crash. How long are you trading where you see those kinds of losses? That's one of the reasons I don't hold long term. Those 50% losses would stress me out too much.

For me, it is not good to cut loss because we know crypto never remains the same in life and if you realize that the market is down it’s not good to risk your losing 10 percent Bette keep holding. As I know crypto is about price change so no need to be a worry at all just believes in your abilities and keep trading but at fall try to keep holding.

Do you know that most of the altcoins have experienced the biggest dump of 90%, and do you think to keep holding it is better? especially altcoin after increasing high enough, it will be difficult to return to these high prices, if that happens it certainly requires a long time. with cutloss at least it will save your assets from a big defeat. because I experienced when prices went down and I kept holding, but in the end, I lost more money and until now the coin is really hard to come back to the top.

[wajik-tempe]

Hello,

I had this question in mind, since many of my trades with an adjusted stop loss got triggered, but then the market goes in the direction I wanted, but since it got triggered basically im out. I know this is due to big fishes messing around.

What do you guys think, is stop loss something or, or not so good?

It's just depend on how we use it, for me ppersonally it helped a lot with my trading style, i always place a stop loss whenever i entered a trade because i won't waste my time holding coins that already crashed. it's just the same with a knife, people could do cut fruits with it but they also could but their fingers by doing it.

[Karmakid]

Hello,

I had this question in mind, since many of my trades with an adjusted stop loss got triggered, but then the market goes in the direction I wanted, but since it got triggered basically im out. I know this is due to big fishes messing around.

What do you guys think, is stop loss something or, or not so good?

It's just depend on how we use it, for me ppersonally it helped a lot with my trading style, i always place a stop loss whenever i entered a trade because i won't waste my time holding coins that already crashed. it's just the same with a knife, people could do cut fruits with it but they also could but their fingers by doing it.

It is indeed helpful for traders who don't want to deal with bigger amount of loss when they are trading. When I was just getting started on trading, I used to think that I can manage the risk by myself and I do not need stop losses because I am already a good trader but the market turn against me and it gave me a lot of losses and it made me realize how important is the stop loss to avoid getting too much emotional and just sticking with your game plan.

[Gheka]

Hello,

I had this question in mind, since many of my trades with an adjusted stop loss got triggered, but then the market goes in the direction I wanted, but since it got triggered basically im out. I know this is due to big fishes messing around.

What do you guys think, is stop loss something or, or not so good?

It's just depend on how we use it, for me ppersonally it helped a lot with my trading style, i always place a stop loss whenever i entered a trade because i won't waste my time holding coins that already crashed. it's just the same with a knife, people could do cut fruits with it but they also could but their fingers by doing it.

It is indeed helpful for traders who don't want to deal with bigger amount of loss when they are trading. When I was just getting started on trading, I used to think that I can manage the risk by myself and I do not need stop losses because I am already a good trader but the market turn against me and it gave me a lot of losses and it made me realize how important is the stop loss to avoid getting too much emotional and just sticking with your game plan.

You are not the only one who ever feels that you are very good at trading, many people are always arrogant about their talents, they really have the talent to be the right thing but they don't know that talent is always a double-edged sword, arrogance is always accompanied by subjectivity, never putting a backup plan as their failure in trading, they only understand when they have failed. Stop loss is the best backup plan to correct our mistakes, sometimes it may not work as expected but at least it won't let things get out of our reach

[suzanne5223]

Hello,

I had this question in mind, since many of my trades with an adjusted stop loss got triggered, but then the market goes in the direction I wanted, but since it got triggered basically im out. I know this is due to big fishes messing around.

What do you guys think, is stop loss something or, or not so good?

It's just depend on how we use it, for me ppersonally it helped a lot with my trading style, i always place a stop loss whenever i entered a trade because i won't waste my time holding coins that already crashed. it's just the same with a knife, people could do cut fruits with it but they also could but their fingers by doing it.

It is indeed helpful for traders who don't want to deal with bigger amount of loss when they are trading. When I was just getting started on trading, I used to think that I can manage the risk by myself and I do not need stop losses because I am already a good trader but the market turn against me and it gave me a lot of losses and it made me realize how important is the stop loss to avoid getting too much emotional and just sticking with your game plan.

You are not the only one who ever feels that you are very good at trading, many people are always arrogant about their talents, they really have the talent to be the right thing but they don't know that talent is always a double-edged sword, arrogance is always accompanied by subjectivity, never putting a backup plan as their failure in trading, they only understand when they have failed. Stop loss is the best backup plan to correct our mistakes, sometimes it may not work as expected but at least it won't let things get out of our reach

Stop loss could be the best back up plan to correct ones mistakes and could also be a disaster (path of making huge loss) either if use at the right moment.
Samething applied with talent and arrogant which i believe could be the best back up plan if use at the right moment.

[Blackdeath]

Hello,

I had this question in mind, since many of my trades with an adjusted stop loss got triggered, but then the market goes in the direction I wanted, but since it got triggered basically im out. I know this is due to big fishes messing around.

What do you guys think, is stop loss something or, or not so good?

It's just depend on how we use it, for me ppersonally it helped a lot with my trading style, i always place a stop loss whenever i entered a trade because i won't waste my time holding coins that already crashed. it's just the same with a knife, people could do cut fruits with it but they also could but their fingers by doing it.

It is indeed helpful for traders who don't want to deal with bigger amount of loss when they are trading. When I was just getting started on trading, I used to think that I can manage the risk by myself and I do not need stop losses because I am already a good trader but the market turn against me and it gave me a lot of losses and it made me realize how important is the stop loss to avoid getting too much emotional and just sticking with your game plan.

You are not the only one who ever feels that you are very good at trading, many people are always arrogant about their talents, they really have the talent to be the right thing but they don't know that talent is always a double-edged sword, arrogance is always accompanied by subjectivity, never putting a backup plan as their failure in trading, they only understand when they have failed. Stop loss is the best backup plan to correct our mistakes, sometimes it may not work as expected but at least it won't let things get out of our reach

Stop loss could be the best back up plan to correct ones mistakes and could also be a disaster (path of making huge loss) either if use at the right moment.
Samething applied with talent and arrogant which i believe could be the best back up plan if use at the right moment.

In my own opinion, stop loss is not only a back up plan because it could be your strategy that could help you whenever we are facing a bear market that it could cut our losses or preventing ourselves to have huge losses. Using a stop loss is always for the right moment because there are times that you don't need to cut your losses that there is posibillity that the price of a coin will recover back.

[dark08]

Hello,

I had this question in mind, since many of my trades with an adjusted stop loss got triggered, but then the market goes in the direction I wanted, but since it got triggered basically im out. I know this is due to big fishes messing around.

What do you guys think, is stop loss something or, or not so good?

It's just depend on how we use it, for me ppersonally it helped a lot with my trading style, i always place a stop loss whenever i entered a trade because i won't waste my time holding coins that already crashed. it's just the same with a knife, people could do cut fruits with it but they also could but their fingers by doing it.

It is indeed helpful for traders who don't want to deal with bigger amount of loss when they are trading. When I was just getting started on trading, I used to think that I can manage the risk by myself and I do not need stop losses because I am already a good trader but the market turn against me and it gave me a lot of losses and it made me realize how important is the stop loss to avoid getting too much emotional and just sticking with your game plan.

You are not the only one who ever feels that you are very good at trading, many people are always arrogant about their talents, they really have the talent to be the right thing but they don't know that talent is always a double-edged sword, arrogance is always accompanied by subjectivity, never putting a backup plan as their failure in trading, they only understand when they have failed. Stop loss is the best backup plan to correct our mistakes, sometimes it may not work as expected but at least it won't let things get out of our reach

Stop loss could be the best back up plan to correct ones mistakes and could also be a disaster (path of making huge loss) either if use at the right moment.
Samething applied with talent and arrogant which i believe could be the best back up plan if use at the right moment.

In my own opinion, stop loss is not only a back up plan because it could be your strategy that could help you whenever we are facing a bear market that it could cut our losses or preventing ourselves to have huge losses. Using a stop loss is always for the right moment because there are times that you don't need to cut your losses that there is posibillity that the price of a coin will recover back.

I agree with this opinion because on trading you need a plan before entering a market and stop loss are one of those plan. Dont be so stressed if your stop loss hit because its a life saver to your fund.
In that case you will avoid lossing so much fund and can re enter the market anytime compare to holding your.position with no assurance it will back to its buy/sell level.

[Apened]

Hello,

I had this question in mind, since many of my trades with an adjusted stop loss got triggered, but then the market goes in the direction I wanted, but since it got triggered basically im out. I know this is due to big fishes messing around.

What do you guys think, is stop loss something or, or not so good?

It's just depend on how we use it, for me ppersonally it helped a lot with my trading style, i always place a stop loss whenever i entered a trade because i won't waste my time holding coins that already crashed. it's just the same with a knife, people could do cut fruits with it but they also could but their fingers by doing it.

Its a literally a must stop loss will help us going back to trade even we loss some amount because of it what matters is we protect our capital to be in a huge loss. We can trade in other day or week if we want to and recover that loss a proper setting of stop loss will save our emotions and capital. Its not an evil you just need to know where to place it with a risk management.

[GreatArkansas]

It's just depend on how we use it, for me ppersonally it helped a lot with my trading style, i always place a stop loss whenever i entered a trade because i won't waste my time holding coins that already crashed. it's just the same with a knife, people could do cut fruits with it but they also could but their fingers by doing it.

Its a literally a must stop loss will help us going back to trade even we loss some amount because of it what matters is we protect our capital to be in a huge loss. We can trade in other day or week if we want to and recover that loss a proper setting of stop loss will save our emotions and capital. Its not an evil you just need to know where to place it with a risk management.

This is exactly important! There are lot of new people start to trade but they still don't know how to use stop-loss and they believe that their trades are always correct or will go to their take profits area or target price.

Well, a lot of trading experience this that STOP LOSS is not important (especially me before when I started to trade). At the end of the day, they will realize how stop-loss is really important, especially when you are doing margin trading or those trades that have leverage.

[boyptc]

From the word itself, you can get the roots from it.

Stop loss is a very great of help when you're away from your PC to monitor your trades. It's actually a life saver and I don't see it as evil, how do you say so?

[coinfinger]

Hello,

I had this question in mind, since many of my trades with an adjusted stop loss got triggered, but then the market goes in the direction I wanted, but since it got triggered basically im out. I know this is due to big fishes messing around.

What do you guys think, is stop loss something or, or not so good?

Maybe you didn’t set the stop loss the way you’re meant to set it. You shouldn’t be setting your stop loss at random levels, you should be setting it in a position that will allow some fluctuation, that means you have to put it below the swing low, which what you have just explained here : the price of Bitcoin or any other cryptocurrency you’re trading can fall and also bounce back, that’s why you have to make sure you’re following the trend.

Making use of stop loss is not really as easy as some think it is , I have seen a few people complain the same about missing out after their stop loss cancel our their order.

[gabmen]

Hello,

I had this question in mind, since many of my trades with an adjusted stop loss got triggered, but then the market goes in the direction I wanted, but since it got triggered basically im out. I know this is due to big fishes messing around.

What do you guys think, is stop loss something or, or not so good?

Maybe you didn’t set the stop loss the way you’re meant to set it. You shouldn’t be setting your stop loss at random levels, you should be setting it in a position that will allow some fluctuation, that means you have to put it below the swing low, which what you have just explained here : the price of Bitcoin or any other cryptocurrency you’re trading can fall and also bounce back, that’s why you have to make sure you’re following the trend.

Making use of stop loss is not really as easy as some think it is , I have seen a few people complain the same about missing out after their stop loss cancel our their order.

Well it's always better to miss out than to lose big. That's what this feature prevents. It gives you cushion to stay alive for another day. I've had experiences when the price of the coin shoots up after the value hit my sl level. It's part of trading. You won't be able to know anyways when the movement will go up. Always better to be safe than sorry.

[Asmonist]

Having losses is really a no no. Though losses is part of trading, we must as we can have it stop. Mostly its all about the period of time we wait for certain trade. Of course, there are really days that we tempt to trade it and sometimes regret the next day. Most likely losses is not good for trading so better not trade so fast as much as possible. Its quite hard and challenging though.

[bettercrypto]

Hello,

I had this question in mind, since many of my trades with an adjusted stop loss got triggered, but then the market goes in the direction I wanted, but since it got triggered basically im out. I know this is due to big fishes messing around.

What do you guys think, is stop loss something or, or not so good?

It's just depend on how we use it, for me ppersonally it helped a lot with my trading style, i always place a stop loss whenever i entered a trade because i won't waste my time holding coins that already crashed. it's just the same with a knife, people could do cut fruits with it but they also could but their fingers by doing it.

Basically, cut loss strategy is helpful especially when you want to assure every trades. I am also emotional and I want to prevent myself to carry out in trading. Therefore, it will help me a lot to prevent a certain loss.
Actually, it is whom will use the cut loss strategy because there are traders can handle the loss but others prefer to limit their position.

[aomakun]

Hello,

I had this question in mind, since many of my trades with an adjusted stop loss got triggered, but then the market goes in the direction I wanted, but since it got triggered basically im out. I know this is due to big fishes messing around.

What do you guys think, is stop loss something or, or not so good?

It's just depend on how we use it, for me ppersonally it helped a lot with my trading style, i always place a stop loss whenever i entered a trade because i won't waste my time holding coins that already crashed. it's just the same with a knife, people could do cut fruits with it but they also could but their fingers by doing it.

Basically, cut loss strategy is helpful especially when you want to assure every trades. I am also emotional and I want to prevent myself to carry out in trading. Therefore, it will help me a lot to prevent a certain loss.
Actually, it is whom will use the cut loss strategy because there are traders can handle the loss but others prefer to limit their position.

in trading using a cut loss strategy will be more useful because one way to do risk management.
So we are thinking of bad too, but there are other ways like having a limit or making regular buy to minimize risk compared to cut loss

[Mumbeeptind1963]

yes stop loss is very important and must be used for traders because the market can not be seen every time so to prevent price movements on the market suddenly crash, this can save from big losses

Loses is part of trading but if you lose a lot its better to stop it and think about  the next thing to do like watching the movement of market, so once you trade again you will get inform if its the right time to trade if the market is pumping. Also the reason why experience loses is when they continue to trade without even looked the market situation.

[fiulpro]

Well I think you need to first analyze how much loss you can handle, if the market goes even 0.1 above it , the you need to realize that you have to get out , it's for the safety only .
Since the trading market is rather volatile and no one knows where it's gonna go next this is something that saved the traders of their own greed.
Therefore I do think that it is a good strategy because otherwise you can get lucky but most of the times you will loose more than you can ever account for .
This is like the basis of trading.

[carlfebz2]

Well I think you need to first analyze how much loss you can handle, if the market goes even 0.1 above it , the you need to realize that you have to get out , it's for the safety only .
Since the trading market is rather volatile and no one knows where it's gonna go next this is something that saved the traders of their own greed.
Therefore I do think that it is a good strategy because otherwise you can get lucky but most of the times you will loose more than you can ever account for .
This is like the basis of trading.

No, it shouldnt really be treated up that way which you do think up on doing gambling rather than thinking up wisely.Of course, risk management thing is prioritize
and setting up stop loss is suggested if you do make some active or short trades but if you are engaged on long term or swing trade aspects then i dont see for these limits
to be used along the way but well it depends on a certain trader though if how much loss level he can handle.I dont see a reason why SL are evil but to be expected
that these limits would easily be hit or eat up when high volatility moments do happen.

[ScamViruS]

Hello,

I had this question in mind, since many of my trades with an adjusted stop loss got triggered, but then the market goes in the direction I wanted, but since it got triggered basically im out. I know this is due to big fishes messing around.

What do you guys think, is stop loss something or, or not so good?

Stoploss is important for day traders. The stoploss protects them when unexpected markets fall down. I've used stoploss before, many times I see my stoploss hit, and the market goes up again. This is because I have little idea about trading. So stoploss is just as effective when you set it after proper analysis.

[TheGreatPython]

Everybody here loves stop loss so much but stop loss can only slow down your loss whereas if you do not lose it you can literally bleed as much as you can and recover afterwards instead of keep dying every single day. Just die once and recover, much better option if you ask me.

Do not consider for a second that stop loss doesn't have any issues at all, you literally have to make sure you do not get stop loss constantly, if you lose just 1% that is fine and you think it is better to lose that 1% compared to 50% you will lose eventually if you don't use stop loss.

However, reality is if you use stop loss constantly and keep constantly get that 1% stop loss, eventually it will amount to higher than 50% total and you will eventually lose all your money anyway, which would be not a good way to lower the risk.

[Mahanton]

Everybody here loves stop loss so much but stop loss can only slow down your loss whereas if you do not lose it you can literally bleed as much as you can and recover afterwards instead of keep dying every single day. Just die once and recover, much better option if you ask me.

Do not consider for a second that stop loss doesn't have any issues at all, you literally have to make sure you do not get stop loss constantly, if you lose just 1% that is fine and you think it is better to lose that 1% compared to 50% you will lose eventually if you don't use stop loss.

However, reality is if you use stop loss constantly and keep constantly get that 1% stop loss, eventually it will amount to higher than 50% total and you will eventually lose all your money anyway, which would be not a good way to lower the risk.

Who would be the one to set up 1% SL here on crypto space? It would be understandable if it would be used in forex or stocks but for crypto?

This kind of percentage isnt suggested yet price can swing up possibly 5% on daily basis which means your SL can easily be triggered up.So it isnt suggested on setting it up into these levels.

Of course this one is a life saver if you do know on how to use it but i do agree that it do have some sort of disadvantages.

[koang]

Hello,

I had this question in mind, since many of my trades with an adjusted stop loss got triggered, but then the market goes in the direction I wanted, but since it got triggered basically im out. I know this is due to big fishes messing around.

What do you guys think, is stop loss something or, or not so good?

I think almost all traders agree that stop loss is needed to limit losses.
The problem is,how much the proper Stop Loss?
To determine how many appropriate Stop Loss points are dependent on the trading plan and indicators used by each trader.
And usually the wider the SL range, the higher our level of confidence that TP will be achieved

[wozzek23]

This kind of percentage isnt suggested yet price can swing up possibly 5% on daily basis which means your SL can easily be triggered up.So it isnt suggested on setting it up into these levels.

Of course this one is a life saver if you do know on how to use it but i do agree that it do have some sort of disadvantages.

Yes, I do not set stop-loss for my trading as I believe into cryptos and it may bounce back for sure. But, I guess for the people who are shorting bitcoins in bitmex like exchanges (not in sport trading) must need to make use of stop-loss levels to cut their losses earlier which will prevent them making their accounts fully exhausted.

I guess no one could have same style of trading on both spot trading and derivative trading. We need to follow certain set of rules based on where we do trade. This way sport trading may not require to use stop-losses but for derivative trading, we must need to use them.

[Baoo]

Well, It is unfortunate that Bitcoin's price is controlled by the big fishes or whales, but I see that many trades are giving this reason as an excuse for their financial losses,  that is not acceptable to be honest, giving a lot of compliments will never help and change anything, you need to deal with any situation, no matter how hard it is, there is always a solution for any issue .

[Stedsm]

Stop loss literally saves us from a lot of tension and stress because you just don't need to watch the markets with the fear of getting kicked out with your whole capital getting compromised in a matter of seconds just because of that wick that comes either way that is against the direction of your trade (this applies to margin and leveraged positions). I don't trade alts these days as they look more fishy and can turn you red, not much profits as I can't hodl longer (impatient type of a guy I'm). You shouldn't buy into alts if you can't hold for longer, at least till you are in 10% profits, so stopping a very tight stop loss here is not recommended (this is for altcoin trading).

[princerepon]

In my thought of course it's a life saver. Actually it depends which kinda trading strategy you are using. Mainly it is more useful thing for day traders than long term holders. Why i'm saying it's life saver is, suppose your stop loss got triggered and price go deeper than you thought. So in this point you didn't get loss because of "Stop Loss". But if price go up after you got trigger then you just miss the opportunity to get some profit (but you don't get loss though). Here is a great article about Stop Loss where you can find positive and negative side of it.

[okala]

Hello,

I had this question in mind, since many of my trades with an adjusted stop loss got triggered, but then the market goes in the direction I wanted, but since it got triggered basically im out. I know this is due to big fishes messing around.

What do you guys think, is stop loss something or, or not so good?

We are mostly at the victim of this experiences you have had and I see stop loss as evil especially if you are unlucky. Trading has enrich manipulators then sincere traders and I always said "if you did not have funds to be among the manipulator then there is no need of going into trading because in the long wrong you are going to lose.

[deisik]

However, reality is if you use stop loss constantly and keep constantly get that 1% stop loss, eventually it will amount to higher than 50% total and you will eventually lose all your money anyway, which would be not a good way to lower the risk

That would be a thoughtless and rather reckless use of this tool

As you say, using stop losses in a kinda knee-jerk reaction (like automatically setting 1% stop loss) will only lead to compounding of the total loss until there is nothing left to lose. To cut losses short makes only sense when the price action is not what you expected it to be. Then you shouldn't think twice indeed

However, if you expect the price to fall further, you can even add to your position instead of closing it (say, employ some dollar-cost averaging strategy). In other words, your stop losses must be consistent with your long-term trading strategy (let's call it your trading paradigm), and thus planned well ahead

[Zemomtum]

You only concentrated on one aspect, when it got triggered and the market move upside, wouldn't you happy when he got triggered and the market continues to dip down? Stop loss is a MUST tool for a day trader not to get rekt but only lose a little percentage based on the stop loss settings.

[rodskee]

You only concentrated on one aspect, when it got triggered and the market move upside, wouldn't you happy when he got triggered and the market continues to dip down? Stop loss is a MUST tool for a day trader not to get rekt but only lose a little percentage based on the stop loss settings.

and that is so true mate,stop loss is not applicable for everyone it is for daytrader that was busy in a certain time so he cannot focus infront of the computer so putting stop loss will save them from being wrecked but for other trader it is not specially when you are aiming for good profit in your trading time,and also for long term holder?no this is not necessary because what ever may happen still we have lots of time to wait for recovery.that is one good thing if we can keep the holding longer.

[madnessteat]

When setting stop-losses, you should calculate the coefficient of possible loss to profit or pull up the stop-losses as the profit increases, so that in case of trend reversal the position will be closed with profit. Even though stop-losses are often eliminated, I use them in almost every trade.

[Janation]

stop loss must be used by all traders because it is very important if the market crashes when you are not watching the market for that stop loss is used when you cannot monitor the market

That is inevitable.

We all know that losing in this market is inevitable. You don't know what may happen and with the fast-changing price, you could lose without you knowing. Just an example the price dropped so hard just this week and if you invested at $9K or $10K, you already lost in just days. You can't stop that though you could reduce the risk in a way.

[pankaj1234]

Stop loss is very much nessecary in today life market because there are two many cryptocurrency going arround the world and people switching from on to another so every market can be harsh for any trader. Other things about stop loss can be enemy when market goes towards your predicament but in life it always necessary to earn slow and steady money.

For me stop loss is life saver then a evil.
Enjoy safe trading these days.

[Kurokonobasuke]

As a trader, being loss is a part of our journey before we become a professional trader, because it helps us to think on what is the best strategy in trading so that the next you experience the same situation, you've already  know how to do. But if we always experiencing loss in every time you trade well, it is a sign for to stop it. Stoping you from trading is not an issue because it is a good thing for you, when we stop trading we don't get any loss on our assets.

[spike420211]

stop loss must be used by all traders because it is very important if the market crashes when you are not watching the market for that stop loss is used when you cannot monitor the market

Stop-loss is your loyal friend and iron insurance in case everything goes wrong.
The ability to correctly set stop losses and move them qualitatively to breakeven can save and increase your capital in the shortest possible time.
I think this is exactly where beginners should start.

[Synaesthesia]

As a trader, being loss is a part of our journey before we become a professional trader, because it helps us to think on what is the best strategy in trading so that the next you experience the same situation, you've already  know how to do. But if we always experiencing loss in every time you trade well, it is a sign for to stop it. Stoping you from trading is not an issue because it is a good thing for you, when we stop trading we don't get any loss on our assets.

Everyone has suffered a lot of loss when participating in this market and of course you will always have a hard time investing here because this market is very volatile. I think you need to have knowledge when investing and always believe in yourself because this is the way for you to get the best results when trading. Beside, do not be greedy when trading to ensure you the best profit.

[ufaiz50]

Hello,

I had this question in mind, since many of my trades with an adjusted stop loss got triggered, but then the market goes in the direction I wanted, but since it got triggered basically im out. I know this is due to big fishes messing around.

What do you guys think, is stop loss something or, or not so good?

For me stop loss is a life saver, even though the situation depends on yourself and I often experience that case. When you are in market manipulation, you have to take part in following whales, so you don't experience events like this and you also need to pay attention to the market volume as well.

[Janation]

Beside, do not be greedy when trading to ensure you the best profit.

We can't just say "do not be greedy" since that can't be done easily.

As a human being you will never be able to control yourself from gathering or earning profit. Being greedy is a part of an investor but you should be able to control that so you will not fall to scams and possible hacks that could happen. Losing is inevitable in this market that is why we can't stop it but we can minimize it.

[hadisaw]

Hello,

I had this question in mind, since many of my trades with an adjusted stop loss got triggered, but then the market goes in the direction I wanted, but since it got triggered basically im out. I know this is due to big fishes messing around.

What do you guys think, is stop loss something or, or not so good?

For me stop loss is a life saver, even though the situation depends on yourself and I often experience that case. When you are in market manipulation, you have to take part in following whales, so you don't experience events like this and you also need to pay attention to the market volume as well.

why do we play stop loss? if you play in the crypto market without using margins. I think, to play in the crypto market, .we must have more assets to buy the prices below

[bitgolden]

I had this question in mind, since many of my trades with an adjusted stop loss got triggered, but then the market goes in the direction I wanted, but since it got triggered basically im out. I know this is due to big fishes messing around.

What do you guys think, is stop loss something or, or not so good?

Well, at least you have to admit that the stop loss saved your ass from losing much of your money and appreciate that. As for the market going back in a direction you want, it’s just how it is at times, this market is quite unpredictable. Maybe you should try to work on your settings for stop loss.

For example, if you have been setting it around 80% you can reduce it to like 60% or even 50% and that way when the market drops more below that 80% it wouldn’t cut your trade, and it will keep going until the market starts to recover back again and you also start making profit. Stop loss is not bad, the main purpose is save you from more loss than you can take. You just have to be around to set it back.

[BuNga_cute]

I strongly recommend that every crypto trading must use stop loss, because crypto prices are very volatile so if you don't use stop loss we will
experience running out of capital, which is likely to cause prices to continue to fall. For me personally the stop loss is a life saver,because I've
experienced escaping several times from the losses I experienced thanks to using stop loss. Indeed, we have to manage our capital if you want
to use stop loss optimally, so that after we do stop loss, we can re-enter the market by buying more coins at a cheaper price.

[MWesterweele]

I strongly recommend that every crypto trading must use stop loss, because crypto prices are very volatile so if you don't use stop loss we will
experience running out of capital, which is likely to cause prices to continue to fall. For me personally the stop loss is a life saver,because I've
experienced escaping several times from the losses I experienced thanks to using stop loss. Indeed, we have to manage our capital if you want
to use stop loss optimally, so that after we do stop loss, we can re-enter the market by buying more coins at a cheaper price.

Indeed because if you continue there's possibility you lose more, so I think it better to stop for a while and wait until the rising of the market. When you stop it can save you from huge loses but if not it will cause you a harm to your money.
Basically you can avoid loses if you observe the movement of the market, because you will know if market is falling when you saw red marked, always monitor the market before you trade.

[panganib999]

Beside, do not be greedy when trading to ensure you the best profit.

We can't just say "do not be greedy" since that can't be done easily.

As a human being you will never be able to control yourself from gathering or earning profit. Being greedy is a part of an investor but you should be able to control that so you will not fall to scams and possible hacks that could happen. Losing is inevitable in this market that is why we can't stop it but we can minimize it.

Sometimes being greedy can result you to an unexpected winnings like what happened to me before. But most of the time greediness can lead to a huge loss, as most of us has experienced it before aren't we? Losing if inevitable in trading we'll get to lose but as much as possible we are trading at the very least risky trade trying not to lose and gain in max. We do have different perception on viewing the market and that does make the market volatile and hard to understand.

[LUCKMCFLY]

Hello,

I had this question in mind, since many of my trades with an adjusted stop loss got triggered, but then the market goes in the direction I wanted, but since it got triggered basically im out. I know this is due to big fishes messing around.

What do you guys think, is stop loss something or, or not so good?

For me stop loss is a life saver, even though the situation depends on yourself and I often experience that case. When you are in market manipulation, you have to take part in following whales, so you don't experience events like this and you also need to pay attention to the market volume as well.

why do we play stop loss? if you play in the crypto market without using margins. I think, to play in the crypto market, .we must have more assets to buy the prices below

I think that a very direct consequence of not using "Stop Loss" in these times is suicide, mainly when the whole market in general has been affected by a Fundamental such as the coronavirus, and if it had an open position, it would be in a percentage position. of considerable loss, which could have been avoided thanks to a "Stop Loss" therein lies the importance of it in a scenario like the current one.

[rodskee]

stop loss is very helpful for traders to prevent large losses, and can make traders not panic when market dump because stop loss will save your money when market dump

depend on the situation because if you are an active trader there is no need to use this as it can hinder you trades in time.
if the price drops on your stop point but just after that the price Pumped?what will be your reaction?so it is helpful but not in all time maybe
 sometimes when we are busy and need to go out or AFK
 then we can use this as tools but only on those times but mostly?manual
 trading is still what best for us.

[Pamadar]

I strongly recommend that every crypto trading must use stop loss, because crypto prices are very volatile so if you don't use stop loss we will
experience running out of capital, which is likely to cause prices to continue to fall. For me personally the stop loss is a life saver,because I've
experienced escaping several times from the losses I experienced thanks to using stop loss. Indeed, we have to manage our capital if you want
to use stop loss optimally, so that after we do stop loss, we can re-enter the market by buying more coins at a cheaper price.

Having a much better understanding in regards to stop and loss features for your trading activities is very important, there are some incidents where you position yourself and your target did not materialized and instead moves in the other side, having a good  stop and loss settings you'll be able to catch your position without monitoring it 24/7 it will also prevents you to make a higher damage as long as you know how to set it properly it will be a helpful tools for your trading business.

[janggernaut]

stop loss is very helpful for traders to prevent large losses, and can make traders not panic when market dump because stop loss will save your money when market dump

Stop loss is only used for those who trade for short term only. If they are trade for long term, they won't use this setup and just wait until the price goes to they want. Sometimes even though market dump and it affected the price, it could bounce back again and higher than their price before

[ChooseUsairname]

Definitely a life-saver. The price may never ever reaches your T/P again.
However, to set it up precisely takes a lot of efforts.
I would recommend to find a place where you can back test the size of your S/L vs T/P on recent historic data.
Money management is undervalued, but you can reach much higher profit, if you have your rules adapted to the actual asset.

[rexxarofmoknathal]

I really like the stop-loss option, to me at least, it provides me with so much more flexibility and often if the market trend goes the other way to what I expected and thus set my stop-loss is usually because of the volatility and I don't really put the blame on the option.

It's frustrating when you buy and sell at the wrong times but having a stop-loss is definitely better than nothing!

[nelson4lov]

<snip>
It's frustrating when you buy and sell at the wrong times but having a stop-loss is definitely better than nothing!

Stop loss is actually a life saving feature. For us swing traders, it goes a long way to save our ass should the market move in the opposite direction. Although we might incur sone loss but it'll be minimal compared to not having a stop loss order. It acts more like a backup plan. That way, you'll have something to fall back to. That's why professional trader always recommend setting stop loss orders just in case.

Let's not forget that with stop loss orders, the market might go sideways for a bit, and your stop hit and then proceed to move in the direction you originally thought It would. That's one of the worst feelings.

[4IRIK]

Stop loss is MUST

But it is not enough to keep in control of your budget.

Successful trading requires complex risk management with several risk limits (like overall drawdown, losing trades in a row and so on)
Also, it's about psychology. The idea is not to move your stop and to comply absolutely with your strategy.
Personally, for me the software related to risk management is useful (i use https://www.bitinsure.com/, idk about other similar)

It controls my risks (drawdown, losses and other trading limits and sends me alerts when any of them is reached. Also it gathers and calculates real-time stats so I do not spend any time on monitoring my accounts, looking of drawdown and other risks and have my performance stats at hand

[htsy585]

Stop loss is MUST

But it is not enough to keep in control of your budget.

Successful trading requires complex risk management with several risk limits (like overall drawdown, losing trades in a row and so on)
Also, it's about psychology. The idea is not to move your stop and to comply absolutely with your strategy.
Personally, for me the software related to risk management is useful (i use https://www.bitinsure.com/, idk about other similar)

It controls my risks (drawdown, losses and other trading limits and sends me alerts when any of them is reached. Also it gathers and calculates real-time stats so I do not spend any time on monitoring my accounts, looking of drawdown and other risks and have my performance stats at hand

Stop loss is unbeatable, it's inception has made trading of cryptocurrency assets more easier and more profitable, the only downside i see to stop loss option in trading cryptocurrency is when you set it on an exchange with low trading volume. Like you said, it's not enough to keep in control of your trading portfolio and as such we've several management tools being proposed and roll out on a daily basis, this is the first time I'm hearing about the platform you suggested but I'll definitely try it out as all these features you wrote out are paramount to proper trading experience

[DevilSlayer]

I strongly recommend that every crypto trading must use stop loss, because crypto prices are very volatile so if you don't use stop loss we will
experience running out of capital, which is likely to cause prices to continue to fall. For me personally the stop loss is a life saver,because I've
experienced escaping several times from the losses I experienced thanks to using stop loss. Indeed, we have to manage our capital if you want
to use stop loss optimally, so that after we do stop loss, we can re-enter the market by buying more coins at a cheaper price.

Having a much better understanding in regards to stop and loss features for your trading activities is very important, there are some incidents where you position yourself and your target did not materialized and instead moves in the other side, having a good  stop and loss settings you'll be able to catch your position without monitoring it 24/7 it will also prevents you to make a higher damage as long as you know how to set it properly it will be a helpful tools for your trading business.

Stop loss is what we should focus before buying stocks or cryptocurrenncies, there are people who losing money in the market because they do not have stop loss. Having a stop loss is a part of risk and management where it is important in a plan in order to minimize the risks. People who have stop loss are the ones who can survive in the market challenges.

[conected]

I rarely use stop losses especially when im invested in Bitcoin, basically what im doing is buying in the dips and only sell if Bitcoin goes new all time high. You could say im a long term type of trader that's why, i dont worry if ever the price plunge cause i know it will eventually return. Long term trading for me is where the profits are.

- I know for investors who have chosen bitcoin and hold it in the long term, patience is the inspiration for their infinite profits, price in the short term is not their concern but this method seems to be quite obstinate and lacks a necessary analysis in the market with such fluctuations and opportunities. This market needs us to be proactive, rather than passive when it is not so easy to guess, so stop loss is always a safe contract for us, this guarantee can sometimes make us miss or uncomfortable but in certain times it will prove its worth.

[cassavachips]

Stop-loss is an important action for trading if you do not want to experience a large loss, when the altcoin that you handle touches the stop loss then there you must buy back at a lower price if you still believe that altcoin will recover.

[TrevorS]

I rarely use stop losses especially when im invested in Bitcoin, basically what im doing is buying in the dips and only sell if Bitcoin goes new all time high. You could say im a long term type of trader that's why, i dont worry if ever the price plunge cause i know it will eventually return. Long term trading for me is where the profits are.

All the same, there is a sense. If you bought Bitcoin at the bottom, then I do not think that you want to lose your money in case of unforeseen circumstances, such as a second bottom.
Therefore, it is always better to play it safe and keep your finger on the pulse. A cataclysm may happen or something else that lowers the price of bitcoin very low. You must be prepared for this.

[Arkann]

I rarely use stop losses especially when im invested in Bitcoin, basically what im doing is buying in the dips and only sell if Bitcoin goes new all time high. You could say im a long term type of trader that's why, i dont worry if ever the price plunge cause i know it will eventually return. Long term trading for me is where the profits are.

All the same, there is a sense. If you bought Bitcoin at the bottom, then I do not think that you want to lose your money in case of unforeseen circumstances, such as a second bottom.
Therefore, it is always better to play it safe and keep your finger on the pulse. A cataclysm may happen or something else that lowers the price of bitcoin very low. You must be prepared for this.

One way or another, for each trader it is not enough to understand what you need to buy cheaper and sell more expensive.  In order to be successful, you need to devote as much time as possible to monitoring the market and conduct as carefully as possible analysis of the coins with which the trader decided to trade.  One way or another, in order to make good use of the stop loss, you need to be able to configure it correctly.  If a person is accustomed to working independently and manually adjusting all transactions, then he certainly does not need a stop loss, but for this, you practically need to sit all the time near the computer monitor.

[cotton ball]

Stop loss make us confused will our assets back to higher price or not, but in other time we must ready when holding coin price suddenly dump without get anything from our investment way, but if can recovery for lost better to make chance and cut lost for looking profit with other coins.

[iv4n]

Stop loss make us confused will our assets back to higher price or not, but in other time we must ready when holding coin price suddenly dump without get anything from our investment way, but if can recovery for lost better to make chance and cut lost for looking profit with other coins.

Stop loss function is not confusing, people use it in just few cases, to sell and wait for price to dip more and then buy (popular shorting), or selling and moving money in some other alt. With ethereum and bitcoin I never use stop loss function, I simply wait if I buy in wrong moment, sooner or later the price of these two coins bounce back. For me stop loss function is good for risky investments in some alts, mostly low valued alts, where alts that break support can drop really hard, even to 1 sat. With them stop loss is almost necessary if you don't wish to end up with total loss.

[Twentyonepaylots]

Stop loss make us confused will our assets back to higher price or not, but in other time we must ready when holding coin price suddenly dump without get anything from our investment way, but if can recovery for lost better to make chance and cut lost for looking profit with other coins.

But more than anything, stop loss gives day traders the assurance that they needed and they are wanting. Without stop loss you just wouldn't know when to stop. You'd be stuck in a coin with no hopes of getting an increase or you will get stuck in a losing coin. You would want to have stop loss in your portfolio or investment strategy as it provides you security. It allows you to jump from one coin to another with minimal losses, and most of all, it provides you the freedom to choose which coin you wanted to jump in. So I don't really see anything confusing about it after it's just a simple rule of thump.

[Hulhala15]

I think that stop loss is exactly what can insure you in the most difficult situation, because otherwise you will have to constantly monitor the situation in the market and it will take all my free time, I do not think it can be considered profitable. I think it's this feature that saved a lot of capital. It's another thing when you're doing calculations by eye and you just can't control how it should be. I think that's what causes a lot of losses, because you just have to calculate take-profit and stop-loss correctly, because that's what allows you to think about the risks and secure your profits. But I certainly wouldn't trade without stop loss, it's a road to nowhere...

[Yatsan]

It depends on when stop loss is going to be a life saver. For example, when you are using stop loss in a roller coaster ride with the price then, you are using it in a wrong way! The market will have huge ups and down and stop loss will make your comeback not possible. I usually use stop loss when the market is pretty stable so that, when there's gonna be a huge dump out of nowhere I will be saved. Another thing is, when you are doing leverage trading always use stop loss, no matter how the market is doing, avoid being liquidated, hahaha.

[Sternbinder]

Well, actually, a lot depends on the strategy, because really now there are strategies that can lead to profits and good results, even if you trade without stop loss, the main thing is to correctly navigate the approaches and understand whether to take risks in a particular situation. Unfortunately, people often can not critically assess the situation and just blindly follow the standard excursions, without paying attention to the market situation and its peculiarities. And now it is more sad, I think that this is what gives traders the false impression. And in general, I think that this is what suits every single person, only it matters. I am in favor of everyone trading in a comfortable way, it is not always worth sticking to the opinion of the majority in everything.

[bearexin]

Right now if you look at what happened we could easily say that it was a life saver, however just because this fall was there doesn't mean it was always a life saver. In a situation where stop loss is a thing and pandemic happens when price was 7.5k and you put a stop loss at 7k, you are lucky, you can now buy back from 5k and you would be doing better actually, that is the good stop loss and we love that version.

However, maybe you put it at 3.8k so that you wouldn't be affected if a doomsday type of thing happens and price goes under 3k, well unfortunately for you you have just sold your coins for 3.8k and price is above 5k, that is the bad version of stop loss and we hate that version. So stop loss could be a bliss or could be a curse, all depends on how you use it.

[stepwilli]

Exactly what it should be like, it is all depending on strategy and market and how your strategy fares with the market. There is no guaranteed way to use stop loss to make more profits, that has never been a thing before and it is not a thing now neither.

Sometimes you make a stop loss to a point and price hits "just" under that makes your coins sold and then goes up really height, for example if you had stop loss at 6k yesterday, it was around 6.7k and dropped under 6k but now above it again, which means your stop loss would have been wrong. However if you had stop loss at 7k before all of this started, you would be in profit.

So, basically strategy+market+luck= profit but strategy+market+unlucky= loss. That is all there is to it, there is no 100% way to use it.

[BitcoinTurk]

Hello,

I had this question in mind, since many of my trades with an adjusted stop loss got triggered, but then the market goes in the direction I wanted, but since it got triggered basically im out. I know this is due to big fishes messing around.

What do you guys think, is stop loss something or, or not so good?

The use of stop loss is a very important life-saving tool that users who use in daily or very short terms should definitely use it. Although it is a remorse because it is used in some cases, it is necessary to know that it has many benefits especially in bad market conditions. To give a short example on my own transactions, I had a 4000 USD fund liqudate by not using stop loss 2 weeks ago. Although this is a very painful experience for me, losing this money, which I previously earned by using stop loss, did not affect me financially. If I had used stop loss, that money would continue to be in my wallet with a maximum loss of 200-300 USD, and perhaps I would have been able to cover it with other transactions. For this reason, I attach great importance to the use of stop loss and I think it is necessary. Of course, short-term price movements and some needle movements on the graphics will close with stop loss positions, but you can be sure that instead of losing all the balance in your wallet, losing a small percentage of your wallet balance will hurt much less.

[Spaffin]

I am just starting to study cryptocurrency trading and visit various resources where there are similar manuals for novice traders.  But the fact is that I have never met such a resource, which would say that Stop loss is bad.  every time I read information about this, then all the authors of the information provided say that stop loss is a fuse for any trader who will not let you go broke.  Of course, trading is primarily the adherence to certain rules, the experience and the ability to do the right analysis, and with a calm cryptocurrency market, all this works together, if the trader really understands what he is doing.  although you need to consider that a trader can work for the long term or engage in daily trading, because this has its own characteristics.  but as I understand it, stop loss will bring results With the right settings, especially when unpredictable situations arise on the market.  thus, stop loss is not an opportunity for constant use, but functions are triggered in emergency situations so as not to reset your account.

[spike420211]

You need to understand how the market works in order to maximize your profit with this tool.
The fact is that those who create waves in the market are very well versed in the technique of “knocking out stops”,
they make a false breakdown in one direction or another that provokes your stop loss to trigger, after which the price starts moving in the opposite direction, leaving you down and pushing a deal on the go.

[deisik]

The fact is that those who create waves in the market are very well versed in the technique of “knocking out stops”,
they make a false breakdown in one direction or another that provokes your stop loss to trigger, after which the price starts moving in the opposite direction, leaving you down and pushing a deal on the go

Them that you refer to are exchanges

And the breakouts mostly occur on exchanges like Bitfinex and BitMEX (as they say, birds of a feather flock together, yeah). However, it is not so much about stop-losses and knocking them out as about triggering margin calls followed by forced liquidations of either long or short positions (at times both longs and shorts)

Everyone and his dog could witness the scale of one such blatant and outrageous market manipulation with their own eyes when BitMEX liquidated over $1 billion worth of longs on March 12 -- probably the most ruthless and brutal long squeeze in Bitcoin's history

[Lanatsa]

You need to understand how the market works in order to maximize your profit with this tool.
The fact is that those who create waves in the market are very well versed in the technique of “knocking out stops”,
they make a false breakdown in one direction or another that provokes your stop loss to trigger, after which the price starts moving in the opposite direction, leaving you down and pushing a deal on the go.

Price slippage or manipulation isnt a new thing and this had always existed specially on traditional markets where there are market price situations that really tend to trigger out stop losses.This is no different here on crypto space and come to think that price movement are way too volatile and its easy to trigger out those SL's without even presuming that the market had been controlled that way but you can eventually find out
if you have already set deep SL's but still triggered out but well this isnt something new thats why i dont prefer on using SL when you are doing long term trades but day active ones then this
tool is the most helpful.

[MCobian]

In my opinion, people who say stop-loss a evil or not good, means that person knowledgeable in trading is questionable. Because it is clear
stop-loss is a life saver, without stop-loss feature I believe that the capital we have will be run out in the end. Imagine a highly volatile
cryptocurrency market, if without stop-loss it is very difficult to save our capital. Because with a stop-loss we can minimize the losses we
experience. Therefore for me stop-loss is a life saver.

[drlukacs]

Hello,

I had this question in mind, since many of my trades with an adjusted stop loss got triggered, but then the market goes in the direction I wanted, but since it got triggered basically im out. I know this is due to big fishes messing around.

What do you guys think, is stop loss something or, or not so good?

That is why we should only use low leverage and stop loss far from sensitive levels. My boss taught me how to trade like that in crypto, when you are too familiar with the tricks of the whale, you will have to have your own strategy. The use of x5 or x10 leverage will allow you to place stoploss farther but the hole is not too much. It is a trick to place a stop loss effectively.

[SolarWindMiningCompany]

For me stop loss is a real life saver as it as saved mybtrade countless number of times helping me to minimize loss. As any good crypto trader that you are it is very very advisable that you make use of stop loss..this will teach you discipline and help you reduce greed , it will majorly help you to manage and minimize loss at an early stage before your trade falls apart

I think every crypto trader has different strategy and approach to trading and thus as inclined to Stop Loss. Its all about profit and loss for me and stop loss helps me mitigate the risks of loosing funds. So its a a life saver to me too

[Jazzi Mahesh]

I think as a trader you must know your tool well before you use it. Stop loss is great tool you can use to save your money from being vanished to 0. It's a saver or an evil depends on how well you implement the stop-loss strategy.

[Kong Hey Pakboy]

For me stop loss is a real life saver as it as saved mybtrade countless number of times helping me to minimize loss. As any good crypto trader that you are it is very very advisable that you make use of stop loss..this will teach you discipline and help you reduce greed , it will majorly help you to manage and minimize loss at an early stage before your trade falls apart

Indeed. A stop loss is really a life a saver that it also save me from all of my trades. I reallt don't think stop loss is evil or bad in trading because it is really useful tool for us traders not to experience loss and discipline ourselves in trading.

[bigcash2011]

When it comes to forex trading then definitely stop loss is a must and i have personally burnt my account many times just because i was not setting stop loss for my trades but when you talk about crypto trading especially without leverage then i do not think there is much need for stop loss because crypto model is deflationary and if you have purchased the dip market will be back up but you need to be patient.

[EdvinZ]

Hello,

I had this question in mind, since many of my trades with an adjusted stop loss got triggered, but then the market goes in the direction I wanted, but since it got triggered basically im out. I know this is due to big fishes messing around.

What do you guys think, is stop loss something or, or not so good?

I think now many traders who lost their deposits neglecting stop losses would start writing you instructive texts. Trading without a stop loss is a sure way to drain the Deposit sooner or later. Trading without a stop loss is like playing in a casino. You must use stop losses.

[pragna]

Hello,

I had this question in mind, since many of my trades with an adjusted stop loss got triggered, but then the market goes in the direction I wanted, but since it got triggered basically im out. I know this is due to big fishes messing around.

What do you guys think, is stop loss something or, or not so good?

I think spot loss is a part of trading life and thats why trading or life can not be stop so far. When anybody wants to trade he know that profit and lose is part of trading life. So you can not stop there. Moreover you have take learn to choose best coin for trading in future.

So i think loss may a turning point of trading life.

[milewilda]

Hello,

I had this question in mind, since many of my trades with an adjusted stop loss got triggered, but then the market goes in the direction I wanted, but since it got triggered basically im out. I know this is due to big fishes messing around.

What do you guys think, is stop loss something or, or not so good?

I think spot loss is a part of trading life and thats why trading or life can not be stop so far. When anybody wants to trade he know that profit and lose is part of trading life. So you can not stop there. Moreover you have take learn to choose best coin for trading in future.

So i think loss may a turning point of trading life.

You are basically talking shit on here which do clearly shows that you dont even know on what you are talking. Stop loss is a trading tool which can be used automatically and would be triggered if it do hits up that particular level on where you have set it up.If you cant still get it up then this would be a better read up: https://www.investopedia.com/terms/s/stop-lossorder.asp
Next time be sure to research up everything before making any comments so that you wont make yourself look dumb.

Answering the topic which i can say that SL is useful specially when you do day/active trade.

[cytpoway121]

You have raised a topic with definitely two sides to it.
But in a nutshell, i think stop loss to an extent is a life saver, but if anything happens outside your stop loss, my friend you are in for a straight rekt.

Also, your experience in setting a proper correct stop loss matters in each trade, so i will to keep learning until you are a master trader

[atjiat]

If you pay attention to the statement of almost the majority of experienced traders in the forex market, then almost all the reviews about Stop Loss are positive. Of course, in order to get the corresponding results, you need to learn how to set the stop loss function settings correctly, and you need to use this function for any trading style. For beginners, this is a certain difficulty, but the numbness of modern everyone comes to the conclusion that the installation of stop loss is mandatory in order to stop trading with constant losses.

[ningrum]

stop lose will be useful if you play in futures exchanges, such as Binance Futures or Bitmex,
because if you don't use this feature then you will lose all your money

[shadowdio]

For me as a trader we have to set stop loss so that we will not losing more money because high chance that it might go down further. You don't want lose money right so it is better to set always stop loss when trading cryptos.

[Dollar_Hunter]

I always trade in the spot market, maybe like an investment, but the investment has not been profitable for 1 year because the price of altcoin is still below, is it better for me to use stop loss? and run?

[bitgolden]

Of course stop loss will have a positive result for you, its basically a life saver in disguise as evil, because in reality lets be honest bitcoin and even in forex there is a lot of manipulation, which means stop loss that you do with all other people could be broken and help the whales when they want to make more money, but if you don't do it, you will be basically losing a lot more as well.

So what is the danger? If you put stop loss at 5% under, and the whales knows that there is sell orders and potentially some stop loss orders, they will sell a bunch of bitcoin to make it lower, and they will buy at the lower end and make more profit. Whereas you will be active or have some orders to buy lower when something like that happens to not get affected badly.

[giammangiato]

For me as a trader we have to set stop loss so that we will not losing more money because high chance that it might go down further. You don't want lose money right so it is better to set always stop loss when trading cryptos.

I agree with what you wrote, the stop loss for me is also a way to reduce excessive losses especially when things are not going as we expected. You try to limit your losses, and at best you can buy back when it has gone further down

[Renampun]

I assume stop loss is a life saver...
several times the crypto assets that I bought dropped 40%, I installed a reminder feature when the assets that I bought went down then I would immediately sell, and then I bought at a lower price. I put stop loss in my risk management.