Trading without setting stop loss (Risky or Not)?

[South Park]

assume you bought the YAM token when it was on the bullish momentum and never added any stoploss to your trade, what would you think it would have happened as the same token drowned down to it nearest death?, oh-just wake up to see your balance emptied and then left with dead token. The importance of stoploss in trading cannot be over emphasize and should be use while trade.

Personally, I used this management tools to avoid the issue of empty balance which happened to a friend of mine some years ago.

Trading without a stop loss is already bad enough, if you add leverage then this gets even worse but if you also trade altcoins in that fashion then sooner or later the market is going to get you, the movements of the market are too extreme and while there is without a doubt an opportunity for those looking to make fast profits at the same time this brings a huge risk and the problem is that in this market once you lose your capital then you have now way to take advantage of those movements which means that a strategy focused on taking the smallest risk possible is the one that will bring the greatest benefits over the long term.

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[Calvinpiva]

Trading without setting a stop loss is not good for me because i will be risking my money. Cryptocurrencies are volatile that means anytime i can lose or win!
By applying stop loss in my trades i will decrease loss because i will know the point that i will be going to lose if my trades will fail.

I always recommend using stop-loss no matter how professional you are, we may be professional traders but we are not the one who arranges coins prices.

[Bitlover10]

Stop loss is very important in your trading. Because when market is going through big price up or down movement then sometimes exchange also not working. Last time when btc was sump 1k All coin price was also dump and big exchange like binance also not working for few minutes which makes a lot of people liquidation of fund. So it's better to place your stop loss properly. Stop loss should be preety away from the current price because if it's close then its easily touch it. So placing stop loss also need to important.

[BitcoinHunt3r]

Risky or not i think it is depends on what style that trader use, sometimes people really want to do all or nothing because although price of a coin dumped more than they expected, they still believe that the price will up again. Or maybe use stop loss can be done with grateful feeling because sometimes, people angry after price reach their stop loss price, and then pumped again.

[sarmrakib]

Trading so tough but an expert trader always makes a good profit .If you able to get profit without setting stop loss it will be ok but i think it is so risky. If the price fall badly it will makes you a huge loss .Its so good that you have earned enough profit so far but i think your profit ratio will be high if you use Stop loss .

[Rrita]

without setting stop-loss trade is like gambling.because crypto market is unpredictable.no one knows what will happen at upcoming minutes. any time it can dump huge or pump.if you set stop loss, you will loss a little and can buy again at the dip. if you are not using stop loss, you will be liquidated (future trade)or you altcoin will be stuck for long run.

I have lost a lot of USDT in this way, and now I everytime I like to use stop loss at my trade. in this way I just lost a very few USDT but its very safe for me. If you use stop loss, many time is will hit and again pump.but I will suggst you use stop loss because it will save you from being liquidated

[GideonGono]

I done it in the past and it really made a huge mess on my investment I have seen a 3-6% decline on the alt-coin that I invested and ignore it and thought that it would just jump back up.
I didn't set up a stop loss at that time because the market was dropping and pumping up so I thought it would just be another bounce but I was wrong the price continue to drop so I couldn't do anything but to hold it,
And I don't really think that it would be back to the price when I first bought it might as well just dump it now and try to gain back my loss on another crypto.

[Nellayar]

Back when my noob days in trading, I thought that holding coins are better than selling it in your loss. But when I saw that the market crashed hardly, I realized that I need to have stop loss in order to prevent a massive damage to my funds. Yes, it could be more risky when you don`t have stop loss strategy in trading because the market crash instantly and recovers for a couple of time. However, if you are long term trader having an average down is the best strategy that fits to you.

[crwth]

It depends on how much you are willing to risk. You should always remember that no matter what strategy you have and what approach you have to the crypto market, the important thing is the risk and capital management so that you could continuously profit and possibly compound it if you have that.

Stop losses are essential if you encounter an unexpected move with the market, if you don't have SL, it could ruin your whole account if that happens. In addition to that is to accept your losses and be emotionless.

Maybe you are interested in a trading tool like Gunbot

[South Park]

Stop loss is very important in your trading. Because when market is going through big price up or down movement then sometimes exchange also not working. Last time when btc was sump 1k All coin price was also dump and big exchange like binance also not working for few minutes which makes a lot of people liquidation of fund. So it's better to place your stop loss properly. Stop loss should be preety away from the current price because if it's close then its easily touch it. So placing stop loss also need to important.

A stop loss is not only important it is critical for your success, many people seem to prefer to not use them but that kind of attitude can be extremely dangerous in a market that is already volatile enough and in which people prefer to use leverage to increase their profits even further, and while this is very attractive very few people take the time to consider the possibility they will lose and in a market in which more than 90% of the traders lose all their money during their first year not considering the negative scenario in which we may lose money is completely irresponsible.

[Mpamaegbu]

Back when my noob days in trading, I thought that holding coins are better than selling it in your loss.

You're not alone on this. Sadly true. I guess it was either because we all felt price would rebound at a certain point or we allowed greed of where price could get to before we sold off consume us (of lambos and all that). Those speculations didn't really help our novice minds, at all. However, the importance of the SL wedge can't be over flogged. It's a strategy for winners or those who want to stay longer in the game. It's even more emphasized in Forex Trading than in crypto trade.

[LUCKMCFLY]

I have a friend who trades without Stop, but he hedges with leverage to cover losses, that is, he is in Long, if the price goes against, it does not matter what he loses in Long because leverage is activated in 10x and he recovers , it's like Jesse Livermore's style, in fact, he's a Youtuber, here you can find him if you want to learn, the only thing is that he's Spanish-speaking and a llitle english: https://www.youtube.com/channel/UC1X21fp5lT1gN7mKed7ohEw


Source: https://www.youtube.com/watch?v=3opxRWp3kzw

[tvplus006]

After the last dump of bitcoin, altcoins lost up to 70% of their value, so everyone should have noticed the need for a stop loss. In other words, you need to use stop loss not only in margin trading, but also in the spot market. Those who used stop loss now have a good opportunity to buy tokens at a lower price.

[Hypnosis00]

This is very helpful when it comes to trading. Most traders use this especially during the bear season and to keep safe of our trade and prevent unwanted losses. I see no risk with this strategy but sees a huge risk when we're not.
And if you don't have enough time to go trading, monitor your trades, this actually gives a huge help. I believe most traders are using this even before until now.

[Renampun]

now I have never activated the stop-loss feature when trading...
The price changes that occur in all cryptocurrencies are very wild. I used to often activate the stop loss feature, but what I got was the losses I continued to get. Stop loss is not recommended because maybe 1 or 2 hours later the price of the coin you are trading will go up high.

[militiariko]

For me, i would say trading with or without stoploss feature is a trading strategy or characteristics and it aligns with whichever of the options you are comfortable with and the options which works with you.

Always do your own research

[jrrsparkles]

For me, i would say trading with or without stoploss feature is a trading strategy or characteristics and it aligns with whichever of the options you are comfortable with and the options which works with you.

Always do your own research

Not really, it should be depend on your trading strategies and for the day trader it is a must feature to have, because we know how volatile the crypto market is and we can even lose 10% in minutes so don't forget to have it.

[ReiMomo]

Trading without setting stop-loss is extremely risky, you're just like walking without any direction where to go. It should be your game plan, there should be planning when to exit when there is a massive loss in trading. Stop-loss isn't risky, it's risky if you don't know how to trade.

That's a really great tool to use especially if you have a trading bot and then, you know how to set up trading lost. I guess profit will make it easy for you to find.

[Nalien]

It is upto you whatever you use it or not but I think its safe to use stop loss to avoid very high loss. If you are trading altcoins then there are very high chances that you loss more money since altcoins market is pump and dump.

[wiss19]

You already made it clear that you are so good at it, so maybe you don’t need to be making use of stop-loss. And from what I have understood from reading, it seems you’re always there when you’re trading and watching the screen, so you may not really need to make use of stop loss.

People usually make use of stop loss when they have other things to focus after they have started a trade. The work of the stop-loss tool will be to end that  trade if things should go the wrong way. So it’s mostly important when you’re not there to be watching the chart. If you’re always there, then I think it’s unnecessary.