Stop Loss, A life saver or a evil?

[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.