doomloop
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January 17, 2020, 06:04:05 PM |
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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.
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Leviathan.007
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January 17, 2020, 08:27:03 PM |
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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 ...
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coin_gambler
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January 19, 2020, 08:54:03 PM |
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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.
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Lecam
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January 20, 2020, 03:23:53 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?
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.
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adroitful_one
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1GhxHtabWhEpdb7e7oEJ2vd542n33BwTHR
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January 20, 2020, 04:25:23 AM |
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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.
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wildan88
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January 20, 2020, 05:46:17 AM |
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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%.
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adroitful_one
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January 20, 2020, 06:08:11 AM |
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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.
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wildan88
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January 20, 2020, 07:58:44 AM |
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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.
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. ..1xBit.com Super Six.. | ▄█████████████▄ ████████████▀▀▀ █████████████▄ █████████▌▀████ ██████████ ▀██ ██████████▌ ▀ ████████████▄▄ ███████████████ ███████████████ ███████████████ ███████████████ ███████████████ ▀██████████████ | ███████████████ █████████████▀ █████▀▀ ███▀ ▄███ ▄ ██▄▄████▌ ▄█ ████████ ████████▌ █████████ ▐█ ██████████ ▐█ ███████▀▀ ▄██ ███▀ ▄▄▄█████ ███ ▄██████████ ███████████████ | ███████████████ ███████████████ ███████████████ ███████████████ ███████████████ ███████████▀▀▀█ ██████████ ███████████▄▄▄█ ███████████████ ███████████████ ███████████████ ███████████████ ███████████████ | ▄█████ ▄██████ ▄███████ ▄████████ ▄█████████ ▄██████████ ▄███████████ ▄████████████ ▄█████████████ ▄██████████████ ▀▀███████████ ▀▀███████ ▀▀██▀ | ▄▄██▌ ▄▄███████ █████████▀ ▄██▄▄▀▀██▀▀ ▄██████ ▄▄▄ ███████ ▄█▄ ▄ ▀██████ █ ▀█ ▀▀▀ ▄ ▀▄▄█▀ ▄▄█████▄ ▀▀▀ ▀████████ ▀█████▀ ████ ▀▀▀ █████ █████ | ▄ █▄▄ █ ▄ ▀▄██▀▀▀▀▀▀▀▀ ▀ ▄▄█████▄█▄▄ ▄ ▄███▀ ▀▀ ▀▀▄ ▄██▄███▄ ▀▀▀▀▄ ▄▄ ▄████████▄▄▄▄▄█▄▄▄██ ████████████▀▀ █ ▐█ ██████████████▄ ▄▄▀██▄██ ▐██████████████ ▄███ ████▀████████████▄███▀ ▀█▀ ▐█████████████▀ ▐████████████▀ ▀█████▀▀▀ █▀ | . Premier League LaLiga Serie A | . Bundesliga Ligue 1 Primeira Liga | | . ..TAKE PART.. |
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drlukacs
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l0tt0.com
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January 20, 2020, 06:08:21 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?
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.
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iamsange
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January 20, 2020, 11:24:45 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?
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.
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TitanGEL
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January 21, 2020, 12:50:37 AM |
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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.
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Visbay
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
January 21, 2020, 03:04:10 PM |
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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.
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red4slash
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January 21, 2020, 03:18:19 PM |
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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.
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dimonstration
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January 21, 2020, 03:25:24 PM |
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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.
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milewilda
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January 21, 2020, 10:01:57 PM |
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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.
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magneto
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January 21, 2020, 10:06:49 PM |
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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.
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wildan88
Legendary
Offline
Activity: 1862
Merit: 1046
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January 22, 2020, 06:02:43 AM |
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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.
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wajik-tempe
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January 22, 2020, 06:42:39 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 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.
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Karmakid
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
January 22, 2020, 10:23:37 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 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.
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Gheka
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
January 22, 2020, 11:17:07 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 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
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