Stop-lose any recommend?

[flyx]

Hey guys
I can say 95% of my loses are because of using stop-lose , price always return to past price and i regret why i made stop-lose ,  but th
ere is another worry that without setting it market may blow your account suddenly ,  i use 1:10 leverage . I'll appreciate if you guys guide me how i run it  .. Thanks

[Charles-Tim]

Maybe you think 95% of your losses is because you are using stop loss but No. It is because you are still learning how to trade. Stop loss is a very good feature in trading, although you will lose very little instead of losing more. That is the essence of using stop loss.
If you think day trading is not favoring you, do not blame stop loss, but choose swing trading, you will not have to consider the little losses but still hold for a little while, possibly the coin will rise back, but this also depends.

Also learn daily about trading to increase your gain. With what you said, it is like you are not patient also, you need to be patient while trade.

[CryptopreneurBrainboss]

Using stoploss shouldn't be that hard to understand. You must have used it wrongly then if that's the case. Although stop loss we're not meant to stop you from lossing but help minimize your loss, still there's a way you can turn it to your favor as when used in this manner (placing your order 10% above your buying price) you'll always be in profit. How to achieve this is very simple; after entering a trade at first, you can set your stop loss to -10% (maximum) as I believe that should be the highest anyone new to trading should go to play it safe.

Now after recording some profit, you should constantly readjust your stop loss to be in profits incase of scenario when the market declines. I used 10% because that's my limit but you can constantly increase yours to 10,20... percentages until youre comfortable with the profit you have gotten. In summary, turn your stop-loss to take-profit

[flyx]

Using stoploss shouldn't be that hard to understand. You must have used it wrongly then if that's the case. Although stop loss we're not meant to stop you from lossing but help minimize your loss, still there's a way you can turn it to your favor as when used in this manner (placing your order 10% above your buying price) you'll always be in profit. How to achieve this is very simple; after entering a trade at first, you can set your stop loss to -10% (maximum) as I believe that should be the highest anyone new to trading should go to play it safe.

Now after recording some profit, you should constantly readjust your stop loss to be in profits incase of scenario when the market declines. I used 10% because that's my limit but you can constantly increase yours to 10,20 etc % until youre comfortable with the profit you have gotten. That's turn your stop-loss to take-profit

10% of market price or 10% of investment ( i use 1:10 leverage)

[babygun]

Using stoploss shouldn't be that hard to understand. You must have used it wrongly then if that's the case. Although stop loss we're not meant to stop you from lossing but help minimize your loss, still there's a way you can turn it to your favor as when used in this manner (placing your order 10% above your buying price) you'll always be in profit. How to achieve this is very simple; after entering a trade at first, you can set your stop loss to -10% (maximum) as I believe that should be the highest anyone new to trading should go to play it safe.

I agree with Brainboss although I find a stop loss of -10% quite low when trading cryptos due to the high volatility. I use a stop loss of -25%.

Now after recording some profit, you should constantly readjust your stop loss to be in profits incase of scenario when the market declines. I used 10% because that's my limit but you can constantly increase yours to 10,20... percentages until youre comfortable with the profit you have gotten. In summary, turn your stop-loss to take-profit

In fact, than you put in a trailing stop opder. Taking a profit is always a good idea also.
More information on a trailing stop opder: https://www.investopedia.com/terms/t/trailingstop.asp

10% of market price or 10% of investment ( i use 1:10 leverage)

10% of the market price

[flyx]

Am thinking to this strategy : i want to use daily ATR it shows 500pips ,  so i will make SL 500 pips distance with current price ,  maybe its far and if market become crazy i lose alot but at least cant blow account and i have a lot chanse for chase past prices,  what do u think

[maydna]

Am thinking to this strategy : i want to use daily ATR it shows 500pips ,  so i will make SL 500 pips distance with current price ,  maybe its far and if market become crazy i lose alot but at least cant blow account and i have a lot chanse for chase past prices,  what do u think

Since you say that you use leveraged trading, that will be different than the usual trading at the exchanges because the risk will be higher than the usual. If you can trade in a normal mode and don't use leverage, and you can make a profit, then I think you will not have a problem using stop-loss in the leverage trading because you have the experience and skills to know when to use the stop-loss features. But if you don't know much about the normal trading mode, I think you will get difficult to use the stop-loss.

I suggest you familiarize yourself with the normal trading and don't use leverage trading before you understand how to trade with the right. It will be more difficult to trade while we don't have much knowledge, and that will end with losing the money.

[nelson4lov]

You're probably putting a tight stop loss on your trades. Often times, price tends to go the opposite direction from your entry point before moving to the direction you originally wanted it to go. In such cases, you will be moved out of the trade and the trend will continue without you in the bandwagon. The original recommendations for setting stop loss orders are:

1. Don't put it too tight except you're taking high risk trade.
2. Set it at a price where you're willing to lose. You can't win all the time. And this is a leverage trade so the risks is quite high.

[Wind_FURY]

Hey guys

I can say 95% of my loses are because of using stop-lose , price always return to past price and i regret why i made stop-lose ,  but there is another worry that without setting it market may blow your account suddenly ,  i use 1:10 leverage . I'll appreciate if you guys guide me how i run it  .. Thanks

In my opinion you should, trade smaller, with smaller leverage, and place your stop-losses wider.

OR simply save, and HODL everything in Bitcoin. 90% out of 100%, I strongly believe that we plebs would profit more than active trading with leverage.

[tvplus006]

Hey guys
I can say 95% of my loses are because of using stop-lose , price always return to past price and i regret why i made stop-lose ,  but th
ere is another worry that without setting it market may blow your account suddenly ,  i use 1:10 leverage . I'll appreciate if you guys guide me how i run it  .. Thanks

Without setting a stop loss, you can not trade on the margin and futures markets. Otherwise, with a strong change in the exchange rate, as it was in March, your entire Deposit would be liquidated by the exchange. I don't put a stop loss only on the spot market.

[wxa7115]

Hey guys
I can say 95% of my loses are because of using stop-lose , price always return to past price and i regret why i made stop-lose ,  but th
ere is another worry that without setting it market may blow your account suddenly ,  i use 1:10 leverage . I'll appreciate if you guys guide me how i run it  .. Thanks

Your problem is the leverage that you are using not your stop loss, the dilemma you are facing comes from your leverage, it is true that if you use a stop loss the market could easily return to its original price while you lose money in the process, and if you do not use a stop loss when using leverage you can easily be busted in a single movement, this doesn't tell me that you have a problem with the stop loss you have a problem with leverage.

If you decide to begin trading without leverage it is true that your profits are going to decrease but you're not going to have the problem with your stop loss anymore, you will be able to make it as wide as possible in order to account for the volatility of the market which means that once it is hit most likely you are seeing a true reversal of the market trend which will save you money over the long run.

[durilup]

If you joined recently in cryptoworld I would recommend you to hold top cryptocurrencies for a long period of time . But if you want to trade them daily it is very risky . You'd better start with a demo account

[rexxarofmoknathal]

Hey guys
I can say 95% of my loses are because of using stop-lose , price always return to past price and i regret why i made stop-lose ,  but th
ere is another worry that without setting it market may blow your account suddenly ,  i use 1:10 leverage . I'll appreciate if you guys guide me how i run it  .. Thanks

I must say that if you keeping getting loses as opposed to healthy returns then I'd consider losing the leverage. The 1:10 leverage for somebody who worries like that and doesn't get the stop-loss to work favourably can only mean trouble.

Here you're combining 2 strategies, try to settle with one then maybe think adding another.

[tbterryboy]

I would say do not put stop loss into any sort of % because that would change a lot, but if you could put that into sell order that would be even wiser. For example if there is a support level, put it just 1 dollar under that and you would be probably smarter. Let's say there is a support level that is very strong at 10.4k right?

Well, if you put it on 10.399 that would mean it would be going down even lower, because it broke down under the support level so it should be going down, yet at the end of the day you could sell at that level and when it reaches to other support level or even lower you will be capable of buying there.

So, would that be a good method of using stop loss? I would think so, however there are of course some people who use % system as well and it does work for them.

[jackg]

What are you trading based on?

If you're trading a breakout, put the sl below where the last flag formed but make sure you're risk is below 100% of your reward.

Eg if you were long from 9500 and targeted 10000, your sl should be at least 9000.

If you're trading a continuation such as a 2nd-4th eliott wave or a bull flag (after the 2nd rejection down - shorting) then put your stop at the distance between the top and bottom of the first wave down - second wave of the move.

[GreatArkansas]

Hey guys
I can say 95% of my loses are because of using stop-lose , price always return to past price and i regret why i made stop-lose (....)

But think about it if you don't put stop-loss, you can liquidate easily.
I think this is also depends on your risk:reward ratio and on the market especially if there is a huge volatility, there's a lot of traders that are being stop-loss hunt, there are some time that there's a lot of wicks in candle, so probably lot of trader's stop loss are being triggered.
It's ok than being liquidated, think about it. Just always remember that there will be more better trade comings and not all the times there are good entry.

[flyx]

Thank you all ,  i think to decrease leverage to 1:5 and setting stop-losses wider ,  see what happen .. btc/usd is very risky at trading 

[Wind_FURY]

Thank you all ,  i think to decrease leverage to 1:5 and setting stop-losses wider ,  see what happen .. btc/usd is very risky at trading 

OR, just simply HODL, and buy golden-dip opportunities. Don't waste your time trading, and losing 90% of the time to the whalecumulators. Be part of the strong hands who want to HODL more Bitcoin, not fiat.

[joniboini]

Thank you all ,  i think to decrease leverage to 1:5 and setting stop-losses wider ,  see what happen .. btc/usd is very risky at trading 

You can't set it blindly though. At least use some basic TA to set it. Simply putting it wider than your usual risk tolerance is not a good idea. I suggest you to practice with demo account or something like that to build an intuition around the ratio that suit you the most.

[btc_angela]

Thank you all ,  i think to decrease leverage to 1:5 and setting stop-losses wider ,  see what happen .. btc/usd is very risky at trading 

OR, just simply HODL, and buy golden-dip opportunities. Don't waste your time trading, and losing 90% of the time to the whalecumulators. Be part of the strong hands who want to HODL more Bitcoin, not fiat.

This one, you can't be wrong with simply HODLing, there's nothing wrong with trading, but it seems that you need to learn a lot. So instead of suffering a lost, why not accumulate overtime, but in dips and see how it goes. 90% losing your capital is already big, and you are really getting REKT.