Trading without setting stop loss (Risky or Not)?

[Stedsm]

I think stop loss is good, but very tight stop loss isn't. I mean, I've been into some very good trades and things went bad when the trades stopped out due to my set stop loss being very near to the  then ongoing price of BTC. Later, the trade went back into the direction I made a prediction for, and even reached my targets. So, it happens but you should also be precise about the level of stop loss you choose.

[matteo_invst1]

Trading without a stop-loss is not professional, maybe gaining some profit sometimes, but you defenetly will lose money in the long term because the market isnt always 100% predictble. With a stop-loss, you will balance your risk/reward. better to stop trading without SL

[terrong]

for me stoplos is a function to help traders reduce the risk of loss, I personally always use it in every trade because I can't keep track of the development of my asset prices, I also have a busy life out there that I can't possibly leave, if you don't need it then it is a natural thing because maybe you are a person who has a lot of time monitoring price developments, so not everyone needs it but some people really need it

[Danslip]

for me stoplos is a function to help traders reduce the risk of loss, I personally always use it in every trade because I can't keep track of the development of my asset prices, I also have a busy life out there that I can't possibly leave, if you don't need it then it is a natural thing because maybe you are a person who has a lot of time monitoring price developments, so not everyone needs it but some people really need it

Without stoploss the loss is inevitable, a single slippery on the order book can melt the all balance faster than we click the "close order" button on the trading platform. Having an experience doesn't mean the trader should trade without stoploss because the market doesn't forgive such cases. Single news can cause a flash crash on charts which can lead to stopping out.
 

[Mahanton]

for me stoplos is a function to help traders reduce the risk of loss, I personally always use it in every trade because I can't keep track of the development of my asset prices, I also have a busy life out there that I can't possibly leave, if you don't need it then it is a natural thing because maybe you are a person who has a lot of time monitoring price developments, so not everyone needs it but some people really need it

Without stoploss the loss is inevitable, a single slippery on the order book can melt the all balance faster than we click the "close order" button on the trading platform. Having an experience doesn't mean the trader should trade without stoploss because the market doesn't forgive such cases. Single news can cause a flash crash on charts which can lead to stopping out.
 

This is true and we know on how crypto market do behaves when it comes to price movement neither it can pump unexpectedly or can crash in a blink of an eye where
you would really be leaving having a burned capital but actually stop loss is neither helpful or not depending on what kind of trader you are yet even myself dont
see this tool to be that necessary since ive been actively watching out my trades or position in the market but when i do get away from my pc then thats the time
i do set out these things to prevent further loss in case the price had go to the opposite direction as i anticipated.

[ice098]

Trading without a stop-loss is not professional, maybe gaining some profit sometimes, but you defenetly will lose money in the long term because the market isnt always 100% predictble. With a stop-loss, you will balance your risk/reward. better to stop trading without SL

No you're wrong, not because some people doesn't use stop loss or limit they are not professional, it's just that they are comfortable not using that feature it always depends on the trader. Me myself I am using stop loss, so when something not favorable happen for example a certain coin dump, I will not be affected too much I mean my order will not be lost and melt. So limit loss or stop loss is very useful for me, and based on my experience it is not risky.

[Alexmagn84]

I figure we ought to have more information about it to utilize it for our exchange. In any case, the danger will consistently be there on the grounds that each choice that we make in the exchanging will chance. In all actuality stop misfortune is the way to oversee and reduce the dangers, for what reason do we need stop misfortune? this string can help a great deal of merchants who are still don't have the foggiest idea what is the reason and why it is significant.

[Dollar_Hunter]

Risky or Not ?, of course very risky, Stop lose s very important for a trader and investor,
without stop losing you have to monitor the exchange and prices every time, and that's very inconvenient,
if you seeting a stop you can leave trade for anytime, yes is a really important.

[Dorodha]

You can use it if you have low confidence the market is not always favorable stop-loss is difficult to say when the market is in profit and when it is in loss. If the market suddenly goes into excess loss the balance may go to zero. For this you must use tech profit as well as stop loss using Stop Loss will protect your account from additional loss or zero balance. But maximum traders use only tech profit the number of stop loss users is very low. Trading is very risky to trade without stop loss especially for those with low capital.

[tbterryboy]

for me stoplos is a function to help traders reduce the risk of loss, I personally always use it in every trade because I can't keep track of the development of my asset prices, I also have a busy life out there that I can't possibly leave, if you don't need it then it is a natural thing because maybe you are a person who has a lot of time monitoring price developments, so not everyone needs it but some people really need it

Actually there is a simple thing to determine whether you need a stop loss or not. If you are trading many assets at the same time and such that you lose the count of the tokens and you are unable to track which token is moving in which direction then stop-loss is not just important but necessity at that point.

While if you are just trading a few coins or single coin then you are always in touch of the current price and you don't need to use stop-loss function because sometimes although the market is down you know a chance is there to have better values in coming weeks or months so you can avoid selling at loss and wait for sometime while if you use stop-loss the asset will be automatically sold at a particular value giving you no chance to recover.

[JRoa]

Trading without a stop-loss is not professional, maybe gaining some profit sometimes, but you defenetly will lose money in the long term because the market isnt always 100% predictble. With a stop-loss, you will balance your risk/reward. better to stop trading without SL

Trading without a stop loss means that the strategy does not provide for it, and not that the trader is not a professional. For short-term trading, I would say it is more harmful than helpful, because the price often goes up and down, from level to level and stop-loss can only zero out your deposit faster, perhaps stop-loss is more useful for middle-term or long term trading, but in scalping or day-trading, it often interferes.

For me even you are a scalper, it is still preferable to use stop loss. Note that this is just my opinion and it is base on my personal experience. I do margin trading and stop loss is really important, if you do not have a stop loss it will become a gambling wherein you will win huge amount of money or you will lose all of the amount that belongs in your margin wallet. Stop loss is preferable to use in all types of trading style to prevent huge losses.

[pankowri]

Stop-loss is a thing that is used to reduce your losses with a minimum amount. Suppose your strategy or your following strategy is wrong and there has a chance of losing the money that you deposited. In such cases, stop loss will give relief to you from big losses. So every time try to set stop loss otherwise the problem can be done in anytime and your money can be lost which will take a huge time to recover or chance of losing.

[farrellronald]

Hi dear
yes you can use your own strategy without stop loss by setting up some safety orders in a certain price deviation. by adding safety orders you can cut down your entry price and get out from the trade on your desire profit.
ps: it's better to put your safety orders in higher volumes than your base order like 2x, or more ....
and also be sure to enter into the trade on the exact side of the market. do not enter on the opposite side and not putting stop loss.

[cheecko1122]

Trading without stop loss is a very dangerous for any person, there is a huge chance of account wash if market goes against your trade, so we have no need to take much risk. Do trade with the proper take profit and the stop loss to avoid such risks / losses. We have to not to put our hard earned money on risk unnecessarily.

[ice098]

Stop-loss is a thing that is used to reduce your losses with a minimum amount. Suppose your strategy or your following strategy is wrong and there has a chance of losing the money that you deposited. In such cases, stop loss will give relief to you from big losses. So every time try to set stop loss otherwise the problem can be done in anytime and your money can be lost which will take a huge time to recover or chance of losing.

yes, in order for us not to lose so much we can use this feature, if we can't monitor our trades we can use that Stop loss. Like last time, actually I missed my trade and now it dumps. Since then in order for me to avoid that again because I can't monitor it I used that, it is not risky but I actually it helps and it is the solution that we can use. but if you can day trade and have time then don't use it.

[mamahdedeh]

Stop-loss is a thing that is used to reduce your losses with a minimum amount. Suppose your strategy or your following strategy is wrong and there has a chance of losing the money that you deposited. In such cases, stop loss will give relief to you from big losses. So every time try to set stop loss otherwise the problem can be done in anytime and your money can be lost which will take a huge time to recover or chance of losing.

yes, in order for us not to lose so much we can use this feature, if we can't monitor our trades we can use that Stop loss. Like last time, actually I missed my trade and now it dumps. Since then in order for me to avoid that again because I can't monitor it I used that, it is not risky but I actually it helps and it is the solution that we can use. but if you can day trade and have time then don't use it.

It is necessary to know that each of our analyzes is not necessarily correct, moreover we cannot always monitor the market, therefore stop losses are necessary if our analysis is wrong, so that we do not get carried away with bigger losses. besides that with stoploss we can train discipline and emotional

[Smartvirus]

Stop loss and take profit is a necessity for me in trading. It is one of the most useful tool on any trading platform and it is very effective when placed properly. They both helps you to place trades and get out of the market comfortably as your rest assured with either way the market turns, your not going lose more than you can afford and should it move towards profit, you stand the chance to get just the amount of pips that you have considered enough.

[Fredomago]

Stop loss and take profit is a necessity for me in trading. It is one of the most useful tool on any trading platform and it is very effective when placed properly. They both helps you to place trades and get out of the market comfortably as your rest assured with either way the market turns, your not going lose more than you can afford and should it move towards profit, you stand the chance to get just the amount of pips that you have considered enough.

Very true, if you place it in the right position this tool is very effective. You'll be able to cut possible big damage from your capital and in the otherside, you'll be able to enjoy profits without worrying that it will fallback, stop loss for experienced traders gives a better chances of winning in every position that they'll take. Just work with your knowledge first before using this feature.

Most of the time, traders who are good in speculating see this  tool as a advantage since they can easily provide what they've think the market will push thru, by using this tool they don't need to keep watching the market, after configuring they just go and use their time
whatever important things as simple as that.

[TopT3ns]

Stop loss and take profit is a necessity for me in trading. It is one of the most useful tool on any trading platform and it is very effective when placed properly. They both helps you to place trades and get out of the market comfortably as your rest assured with either way the market turns, your not going lose more than you can afford and should it move towards profit, you stand the chance to get just the amount of pips that you have considered enough.

well I really agree with what you said because indeed to make safer trading is to set a stop loss, but if you want to make long-term investment in coins like bitcoin then you don't need to use this feature because you don't need money quickly and the most important thing is keep the asset in a wallet other than an exchange so the stop loss feature is completely useless for long term investments.

[Tahsin Kabir Kollol]

Stop-loss is a very important factor in trading. Because trading is always an uncertain issue and the market can be reversed as a result of incorrect analysis and decision making about the trading of traders. Moreover, the use of stop-loss through proper analysis can in many cases save the loss and even if the loss is comparatively less and the entire asset loss can be avoided. Therefore, it can be said that stop loss is an important means of protecting capital due to unfavorable trades. So trading without a stop loss is very risky for all traders, especially for low capital traders.