flyx (OP)
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I am a student
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August 07, 2020, 09:46:48 AM |
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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. How is using ATR for stop-lose wide (special daily one)
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Shasha80
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August 07, 2020, 10:46:43 AM |
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I don't believe 95% of the losses you experience are due to using stop-losses, I am sure there is something wrong with your trading method. Since stop-losses are an important feature to use when trading, setting a stop-loss more wider may be of little help. If you trade BTC / USD, don't use the capital you have at the same time, but buy BTC gradually. Then every Bitcoin price down can buy it again, then when the price of a Bitcoin pump will produce a double profit.
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flyx (OP)
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Activity: 374
Merit: 101
I am a student
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August 07, 2020, 11:21:01 AM |
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I don't believe 95% of the losses you experience are due to using stop-losses, I am sure there is something wrong with your trading method. Since stop-losses are an important feature to use when trading, setting a stop-loss more wider may be of little help. If you trade BTC / USD, don't use the capital you have at the same time, but buy BTC gradually. Then every Bitcoin price down can buy it again, then when the price of a Bitcoin pump will produce a double profit.
I win 80% of my trades and lose 20% , but problem is that 20% because amount of lost covers all my wins :-( it shows my prediction is correct 80% of time but i have think about control my losses and not let it go high , if i close early i lose more times and if i wide it so less orders will be loss but much😱 volume
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maydna
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August 07, 2020, 12:14:40 PM |
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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. At least, I agree with this because you don't have to sell in a short time after bitcoin price increases for a small price. You can hold as @Wind_FURY say, so you can have a chance to make a bigger profit. But you need to realize that there is a risk behind hold because you don't know what will happen with the bitcoin price in the next moment. But that is worth trying, and especially we see that the bitcoin price movements now is at the bullish trend so that the price can increase more in the next day. But yes, trading BTC/USD is too risky, and we need to manage our emotions and have better skills to analyze.
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Bitum
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bitonator.tangled.com/join
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August 07, 2020, 06:04:28 PM |
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I find 1:10 leverage a little too much. Maybe I'm old-fashioned, but I don't want to take that risk. My motto is: slower and safer is better than fast and risky.
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ChiBitCTy
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August 07, 2020, 06:46:05 PM |
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This is a completely subjective question. What are you trading exactly, are you referring to cryptocurrency/bitcoin or what? Then the real question becomes should you really even be trading? Most people I see trading , shouldn't. They aren't versed in finance well enough, and don't have the portfolio to do so. How much you're looking to make off an investment is something you should have in mind ahead of time. Therefore if it goes past that you can't be that upset. There's a lot more to this question then just a simple answer.
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carlfebz2
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August 07, 2020, 07:07:11 PM |
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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
How many percentage you do set out your stop-loss? Dont make it too near yet we know that a single swing of price can hit it up.Always consider for 5-10% below the entry point so that it cant really be that easily to be hit up by normal price movements because if you do then expect that it will surely be busted up. Try once again and you can tell the difference.For Take profit matters then this is the time on where it do vary from user to user.
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Renampun
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August 07, 2020, 07:22:03 PM |
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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
Honestly, advice won't have much effect without you making changes... stop-loss is a condition where you sell your asset because of the panic about the value of the asset that continues to decrease from your estimate, this condition is common in beginners. My advice is that you should be able to hold back and only buy when the price of the asset goes down and sell when the asset goes up.
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Reatim
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August 07, 2020, 07:29:37 PM |
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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. Better than keep losing, start changing your perceptions about this market, ride with volatilities and keep your safe guard, stop lose feature is good if you do understand how it will be more useful for your trade. While changing that settings try also to divert for your holds assets aside from your initial trades, get some and hold for much longer it will bring some good results once the bull start pushing the market.
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Ryker1
Sr. Member
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Merit: 442
Eloncoin.org - Mars, here we come!
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August 07, 2020, 09:54:18 PM |
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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
[snip] My advice is that you should be able to hold back and only buy when the price of the asset goes down and sell when the asset goes up. Well, this strategy was very common at all and a basic strategy in trading, --hold back until it will reach your desire of having profit. Stop-loss is very risky because you even don't know when you are going to exit and stop loss. There is no guarantee that you will have an accurate result in the stop-loss strategy, so, for me. I have use manual rather than this strategy. Or just simply hold your bitcoin to a stable coin.
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Assface16678
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August 07, 2020, 10:47:02 PM |
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We all know that trading is one of the easiest ways to earn money and one of the riskiest things we could do because it takes a lot of knowledge and experience before you will perfectly win all of your games. I think you have a too much leverage on your trades because it gives a lot of income ROE by still this is the most problem is the liquidity the higher the leverage you have the higher the risk we don't want to get liquidated.
On my first attempts on making trades always my leverage is 120x which gives a lot of money but sooner or later I realized that this is not worth it because trades that I cannot afford so this is true that don't trade that you can not afford.
I highly recommend this to lower the leverage you are using.
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Peanutswar
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Top Crypto Casino
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August 08, 2020, 04:37:56 AM |
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If you have a higher multiplier of leverage there is a chance the higher the risk it will give to you and get a huge chance of liquidated if you want to play safe you can set your leverage into 0 this is one of the best things to earn and this is the safest. Still, if you want to set the leverage is 10x to 15x this is the most prefer to me just my opinion and if you want to risk all or nothing why not max into 100x or 120x in Binance I usually do that.
The market is volatile so you must need to have enough knowledge and skills to avoid getting trouble to say goodbye to your funds.
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flyx (OP)
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Activity: 374
Merit: 101
I am a student
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August 08, 2020, 06:35:57 AM |
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You are right , best strategy is to not using leverage but for who trade with alot money not me I changed leverage to 1:5 and made SL widder , it could change my order from lose to profit , i know it wont guarantee forever but result was better , i try to learn from you all
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boyptc
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August 08, 2020, 06:42:53 AM |
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I don't do leverage as I understand the risk that it brings. But in your case, it seems that you're learning from your experience.
Adjust it a bit and setting your stop losses can actually save you from further losses.
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pawanjain
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August 08, 2020, 07:40:12 AM |
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Stop loss is a great tool to limit the losses in your trade. It helps us to minimize the losses to a great extent. But we must know how to use it the right way or else we will be facing huge losses. If you are facing continuous loss by using stop loss then you must be doing it wrongly. I generally use a 1:2 risk to reward ratio and adjust my stop loss order accordingly.
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Wind_FURY
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August 08, 2020, 07:55:18 AM |
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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. How is that "not a good idea", if his problem is being stopped out from 90% of his trades because of a narrow stop-loss? Simply, if high-volatility, make smaller trades, set wider stop-losses. 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. How is using ATR for stop-lose wide (special daily one) Use 14-day ATR for more accuracy of the current volatility, and stop-loss be 2x or 3x of current ATR, depending on size of your trades.
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Cryptoababe
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Activity: 913
Merit: 19
Do it For Better Humanity (Bitget trader)
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August 09, 2020, 10:51:54 AM |
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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
To avoid more lose is better to reduce your leverage. When your leverage is very low. Let's say 1:5. You may not even bother to set stop loss because you will never imagine the the price of that currency reaching the liquidation price.
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Shimmiry
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★Bitvest.io★ Play Plinko or Invest!
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August 09, 2020, 11:27:16 AM |
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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
Before you set your stop-loss, it's better to know the average price of the pair you wanted to trade. Buy on lower price from that then sell it higher. One common mistake of associating stop loss in trading is the trader bought the coin at a much higher price then sets sets the stop loss strategy, which is not good if you will think of it. Lower your leverage it's high...
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Ridwan Fauzi
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Have you check this thread https://bitcointalk.org/index.php?topic=5261095.0? I suggest you to learn stop lose strategy in that thread, that is very useful and easy to understand. Learning stop lose strategy is important when you try to trade, that is the way you survive in the market and get the consistent profit.
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SquallLeonhart
Legendary
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Activity: 2478
Merit: 1102
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August 09, 2020, 05:23:53 PM |
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Do whatever you want to do but always have stop loss for showing you out that how wrong it is here. Sometimes not having stop loss could be better than having stop loss if you are putting the stop loss at a wrong level, I mean I would rather have zero stop loss setup than have a stop loss that constantly cuts my trades short and just lose me money constantly without any type of trouble at all.
In any case I would say that we should probably focus on the wider obviously, do your TA at every point, nobody can give you a pinpoint at where to stop because every situation is different but if you do your own TA and check where you should stop each time you do your trades, you could just see where to leave and put it according to your entry as well which would make it a whole lot easier for you.
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