Trading without setting stop loss (Risky or Not)?

[bounceback]

Bette lost half your money than you have loss all and you need waiting long time to recovery your money back again, but if you have stop loss when price down you still have enough money to begin trading with other coin but never make the same mistake with coin ever make you loss. I think with using stop loss you get profitable with your money back although just little loss when trading before, but you have chance to profit back if you buy good and potential coin.

[kawetsriyanto]

In the past, I didn't set a stop loss when trading because personally, I am not good enough at trading. Just buying and then holding it if the price si still low or not reaching the expatcaion. When the price is down, I commonly only waited for it to raise up.
However, after understanding the benefits of stop-loss, I think that it will be beneficial if we are using this, as you can see the benefits from this article:
The Stop-Loss Order—Make Sure You Use It

[Becky666]

Stop loss reduces the risk of trading a lot you keep the stop loss, even if the price goes down you don't have to face much loss. But as prices rise so do the currencies stop loss reduces the risk for every trader to trade in that case their capital is much safer the price increase of currencies depends on the demand of the market.

And we should always remember that this tool isn't available on spot trading. Well this tool is the best thing that will happen to anyone in this industry when the coins price went down horrifically and the trader stand a bigger chance to buy more coin. This is the only tool that help in managing huge risk while talking trading in term of margin and future cryptocurrency trading.

[coiner-88]

On the off chance that we need to utilize the stop misfortune highlights, 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 in light of the fact that each choice that we make in the exchanging will chance. You should utilize staples in any case. you can oversee stop misfortune appropriately it is conceivable to dispose of more misfortunes.

[Shubh7668]

Trading without stoploss is not good according to me,No one knows what will happen.
Remember one thing whatever you have earned till so far,you can loose a huge amount from it within a hour
I will advise that no one should take trade without proper risk and management.

[KellyCoin]

Manual trading without a sl is risky but it really depends on your strategy and wallet size. If you have a large wallet and can dca on large swings then a stop loss is not so important. But if your wallet size is small and you are using large limits then having a sl can save you in that moment when things don’t go as planned.

[Natsuu]

Trading without SL is really risky as the market is really volatile. For me, SL is just a tool if worst comes to worst, and prevent me from making rush decisions depending on the situation. Limiting the damage that it can be done, and making balance for things.

[Imran232]

From my experience i think it depends on market situation. If you see that the market is green and its pumping sok much then if you want then you can trade without stop loss. But if the market is in holding position and it feels soo tough to guess what will be the next position for bitcoin price point then i think you must have to use stop loss. Otherwise trading is always a risky think now it is all up to you what do you want if you think you should use stop loss then use it. Or if you think no i do not need for now the do not use it. It is all up to your happiness. Thats it.

[Kupid002]

Manual trading without a sl is risky but it really depends on your strategy and wallet size. If you have a large wallet and can dca on large swings then a stop loss is not so important. But if your wallet size is small and you are using large limits then having a sl can save you in that moment when things don’t go as planned.

There are many traders that never use SL for a reason that they want to have the gain in full without selling it in lost. To do that perfectly you need to have experience in trading and 100% sure that your entry is right and will not going to dip more or there are reversal that will happen sooner. For margin and futures trading then stop lost is really important if you don't want to be liquidated.

[bounceback]

Stop loss is important when trading future or spot but I don't know why keep optimist when my order short or long have wrong keep hold and never try to stop loss because I think my coin future trade will back again to down or high, just needed much money to keep far from liquid with future trading but in spot I will hold as long as until price back to higher, but I think need to check how potential trade coin will back to higher price by seeing the moment will back up soon or need long time.

[joseafonso123az]

For long term, imagine that one day the markets go against your moves, and without setting the stop loss you may end in a bad lose. Of course, that sometimes, because of some ticks closes the transaction on stop loss, but I believe for the long run, better to have a position where you know how the trade might work out, setting a take profit and a stop loss. Before entering a trade, we need to know why we enter the trade, and how much are we willing to lose on that trade.

[ardentvolcanoes]

For long term, imagine that one day the markets go against your moves, and without setting the stop loss you may end in a bad lose. Of course, that sometimes, because of some ticks closes the transaction on stop loss, but I believe for the long run, better to have a position where you know how the trade might work out, setting a take profit and a stop loss. Before entering a trade, we need to know why we enter the trade, and how much are we willing to lose on that trade.

Correct! having that knowledge will do allow you to have a better position, there are up and down from any type of market,

but if you have  a much better look and have the right skills to work around from any venue of investment that you take having

stop and loss will lead you to harvest those profits that possibly you gained from your investment.

[tbct_mt2]

One stupid thing to do with trading is open leverage positions with same cryptocurency is used as collateral.

Sometimes, the market moves in the direction you don't want it to.

Leverage orders: short (you want the price to fall down)
Real market: price is moving up a lot (that is opposite what you wanted to see)

Result is you will hesitate to cut-loss or stop-loss for your leverage position. Especially if it is isolated margin, you can not move the collateraled coin and take profit in Spot trading then move them back (in BTC). With Cross margin, if you use all your capital for that position, you will not be able to move the collateral out to take profit. It sucks.

My experience is use BTC as collateral is safest method and help you to avoid headache.

[Wipeout2097]

I think professional trader not feeling easy when set the halt didn’t lose in my entirety exchanging. No one can exact predict but continuously keep in mind that the cost of bitcoin can drop rapidly indeed in a number of moment. As you'll see right presently on the one hour time outline, there's a long candle which is ruddy. It might take my all cash on the off chance that I have a long position in the event that I didn't set the halt lose strategy. The exchanging procedure will be distinctive each traders. I can drive you to set the stop lose strategy in your section position.

[New.in.trading]

For BTCUSD I would never trade (different from hodling!) without an SL. For other assets, specially indices, it can make sense to not have an SL in long positions, as indices are constructed to be bullmarkets. If a stock does not match the criteria for being in that index, it will be removed and replaced by one that actually does match them, therefore, indices will from a monthly/yearly perspective only rise and give some dips to buy. So from that point of View, trading without an SL can make sense, IF you can hold the Drawdown, or open a hedging position, once you would go below BE.

[emmybd]

Stop loss in trading means the pre-set price limit of a share. It's a strategy of the traders to limit their loss or gain in a trade.
It's not possible to predict the price of a share in trading. One may loss so much money by trading in a wrong price. But stop loss helps one to limit his losses. It's not possible to say the price will be higher or lower tomorrow. But applying some plans one can minimize his losses. And stop loss can be a breathtaking strategy for traders. If you buy a share firstly you have to set a plan that in which point and in what price you will sell that share.
Price is unpredictable in share market. No one can predict it. But one can achieve his goals by doing pre-plan. And in share market that pre-plan is called stop loss.
So, it's quite risky to trade without stop loss. To minimize risk pre-plan is must. So, trader should set stop loss before trading.

[Saniati]

In my opinion risky.

[ice18]

It all depends on you on how you can manage market volatility btc market is so easy to pump and dump by whales and if you are confident enough and did not set a stop loss and you are using like 50x-100x leverage its a very dangerous setup but as you said you are only using a 4x leverage I think its safe for now It all depends on your setup and strategy as I can see many new traders today are also not using stop loss and with very high leverage that cause a serious financial losses.

[AicecreaME]

You don't need any "stop loss" because your leverage is pretty low enough to give you some time to look for it before it gets liquidated. Setting a "stop loss" are only for those traders that use high leverage trading but doesn't have enough time to trade 24/7, so they use "stop loss" option to minimize their losses every time they trade.

For me, I'd like to use manual stop loss since I'm a Scalp Trader, never done anything like 4x leverage since it's not going to use if your capital is just small.

[angrynerd88]

On the off chance that the stop loss bring positive results for you, at that point you'll be able proceed to use those highlights since that can assist you if the price is out of your desires. You do not have to be feeling frightened or stress on the off chance that by one means or another showcase changes the heading. In case we need to utilize the halt misfortune highlights, I think we ought to have more information almost it to utilize it for our exchange. But the hazard will always be there since each choice that we make within the exchanging will hazard, so we got to get it how to play down the hazard. Stop loss is one way to play down that hazard, but you ought to study more about stop loss.