beerlover
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December 22, 2019, 07:38:32 AM |
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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.
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| | . .Duelbits│SPORTS. | | | ▄▄▄███████▄▄▄ ▄▄█████████████████▄▄ ▄███████████████████████▄ ███████████████████████████ █████████████████████████████ ███████████████████████████████ ███████████████████████████████ ███████████████████████████████ █████████████████████████████ ███████████████████████████ ▀████████████████████████ ▀▀███████████████████ ██████████████████████████████ | | | | ██ ██ ██ ██
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onyek16M
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December 22, 2019, 08:26:04 AM |
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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
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okala
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December 25, 2019, 09:54:04 AM |
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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.
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DevilSlayer
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December 25, 2019, 10:40:49 AM |
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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.
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drlukacs
Sr. Member
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l0tt0.com
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December 25, 2019, 10:50:12 AM |
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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.
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ViceOfBTC21
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December 25, 2019, 08:12:57 PM |
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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.
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Bagaji
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December 25, 2019, 08:35:45 PM |
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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.
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bettercrypto
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December 25, 2019, 10:02:19 PM |
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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.
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Hallmader
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December 26, 2019, 03:07:05 AM |
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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.
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d3nz
Sr. Member
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#SWGT PRE-SALE IS LIVE
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December 26, 2019, 09:00:13 AM |
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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.
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Ashong Salonga
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December 26, 2019, 09:38:04 AM |
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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.
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Arkann
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December 26, 2019, 06:20:39 PM |
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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.
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Xxmodded
Sr. Member
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SOL.BIOKRIPT.COM
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December 26, 2019, 06:21:15 PM |
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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.
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mbakruroh
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December 26, 2019, 06:33:08 PM |
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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.
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jostorres
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December 27, 2019, 12:15:41 AM |
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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.
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| | . .Duelbits│SPORTS. | | | ▄▄▄███████▄▄▄ ▄▄█████████████████▄▄ ▄███████████████████████▄ ███████████████████████████ █████████████████████████████ ███████████████████████████████ ███████████████████████████████ ███████████████████████████████ █████████████████████████████ ███████████████████████████ ▀████████████████████████ ▀▀███████████████████ ██████████████████████████████ | | | | ██ ██ ██ ██
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The Sceptical Chymist
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Top Crypto Casino
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December 27, 2019, 02:53:00 AM |
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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".
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Driggers95
Member
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December 27, 2019, 12:58:39 PM |
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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
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peter0425
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December 27, 2019, 01:17:24 PM |
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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.
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Apened
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December 27, 2019, 03:17:50 PM |
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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.
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suzanne5223
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December 27, 2019, 05:03:03 PM |
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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.
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