Stop Loss, A life saver or a evil?

[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.