How to manage your stop loss for good trading result.

[StephenJH]

Trade management is essential to get maximum profit with minimum loss and many traders don't understand these money management methods for controlling their bankroll. The stop loss is for cutting losses but the majority of crypto traders have an idea to let it go until the trade goes to the green zone. The red zone has to be limited with the loss which the trader accepts to lose with controlling the stop-loss orders. The trail stops and using the limit stop orders can protect our trades from unexpected market fluctuations in all cases.

[KimmyF]

One of the powerful trading tools is stop loss. A lot of trader don't use it or don't use it effectively. Stop loss is important in so many ways, by helping you reduce your capital loss per trade whether you are on it or away. Once the stop loss is set, if the trade goes against you some portion of the trading capital will be lost depending on how big or large the stop loss is.

However, stop loss is also advantegous when your trade is in profit. You do this by adjusting your stop as the trades moves in your predicted direction so that part of your profit will be what you will risk as your stop loss and not your capital. Many people do not understand this and lots of people make so many mistakes about the stop loss usage by either moving their stop loss too fast or keep it at the initial point.
This is a Trade management tips and it plays a huge role in your trading results.

This is part of a trading discussion. We know Binance is the highest liquidity pool exchange, but this exchange recently added a stop loss feature. I mailed Binance that they should add this good feature. Other more features should be added to the top exchange OC or ICO. I didn't sell my altcoins in 2018. I thought the price would pump. Those features could stop our losses.

[maxreish]

Have you experienced setting up a stop loss and triggered immediately and then went up to suddenly to your target ways? For example, having a long entry and set up stop loss and it was hit, then price eventually rise up but your entry were already settled?
 But I couldnt disagree that stop loss is one of the useful tool that we shall use in trading for cutting losses.
 
 However, there are also mismanagement of using it. And that of adjusting your stop loss is also an alternate way to gain profit if you are really sure about your predictions. Having also a good knowledge how to set that up is an advantage.

[Salauddin1994]

We need to research the market well before we can get good business results i think stop loss is a good way to reduce losses in business long-term investments if the value of the currency ever falls there is no need to fall into losses. Even if the price is down stop loss does not bring down the price of the currency binance is a good place to make a stop loss proper use of stop loss will protect your profits and limit the amount of losses.

[Kong Hey Pakboy]

Setting a stop loss is a useful tool in trading because it can help investors minimize or limit their losses and avoid market crashes. Learning how to use a stop loss allows traders and investors, especially newbies, because risk management is essential to save your funds from having a massive amount of losses.

[Lerikaweb]

Stop loss gives a fake feeling of control over the situation. On the one hand, it is good, and on the other it makes a trader feel secure and relaxed and theses emotions are unlikely to bring profit) So stay online in the control of the situation)))

[Tipstar]

Stop loss gives a fake feeling of control over the situation. On the one hand, it is good, and on the other it makes a trader feel secure and relaxed and theses emotions are unlikely to bring profit) So stay online in the control of the situation)))

Yeah. It's better to have and manual override than to let stop loss initiate. I mostly don't use a stop loss as I believe the coin and range I'm targeting would not fall below my prediction. And if it did, I'd rather hold my coin than to sell than cheap.
I have also switched to crypto to crypto trading from the USD one as though the usd one would have gave me clear profit in terms of my investment, the profit lies in holding the coins rather than trading and accumulating USD.

[UniversityCoin]

One of the powerful trading tools is stop loss. A lot of trader don't use it or don't use it effectively. Stop loss is important in so many ways, by helping you reduce your capital loss per trade whether you are on it or away. Once the stop loss is set, if the trade goes against you some portion of the trading capital will be lost depending on how big or large the stop loss is.

However, stop loss is also advantegous when your trade is in profit. You do this by adjusting your stop as the trades moves in your predicted direction so that part of your profit will be what you will risk as your stop loss and not your capital. Many people do not understand this and lots of people make so many mistakes about the stop loss usage by either moving their stop loss too fast or keep it at the initial point.

This is a Trade management tips and it plays a huge role in your trading results.

I rarely use stop losses in trading. Now I'll tell you why:
1. The possibility of installing a stop loss is not on all the exchanges where I trade.
2. Most coins have very high volatility and it may happen that now you will get a stop loss, and in an hour the price will increase several times and you will lose profit.
3. I quite often monitor my exchange accounts using remote access from my phone to my computer. I also have a bot that sends me a message in telegram if the price of my coins changes by more than 10% (here I can set any size).

[alisonwonder]

Stop loss gives a fake feeling of control over the situation. On the one hand, it is good, and on the other it makes a trader feel secure and relaxed and theses emotions are unlikely to bring profit) So stay online in the control of the situation)))

Yeah. It's better to have and manual override than to let stop loss initiate. I mostly don't use a stop loss as I believe the coin and range I'm targeting would not fall below my prediction. And if it did, I'd rather hold my coin than to sell than cheap.
I have also switched to crypto to crypto trading from the USD one as though the usd one would have gave me clear profit in terms of my investment, the profit lies in holding the coins rather than trading and accumulating USD.

when you trade using USDT it will indeed look a little safer because you are using a pair that has stable price movements whereas if you use cryptocurrency when the price falls you will experience a lot of losses, maybe if you don't want to get a lot of losses then you can apply trading long-term coins that have the potential for price to go up.

[yslyv]

Stop loss is definetely a must for every trader. loosing 5% much better than loosing 95% for sure. You can use it in the beginning of a trade. Also if you can move the stop loss to profit zone when you are in profit. So no matter what happens you will be in safe side.

[UniversityCoin]

Stop loss is definetely a must for every trader. loosing 5% much better than loosing 95% for sure. You can use it in the beginning of a trade. Also if you can move the stop loss to profit zone when you are in profit. So no matter what happens you will be in safe side.

Most often, it may happen that you will trigger a stop loss, you will fix your deal and then the price will go up a lot. You will be left with a loss. In the crypto market, it makes sense to set stop losses for a price drop of much more than 5%.

[krisnajsadrak]

Stop loss is definetely a must for every trader. loosing 5% much better than loosing 95% for sure. You can use it in the beginning of a trade. Also if you can move the stop loss to profit zone when you are in profit. So no matter what happens you will be in safe side.

stop loss will give us a safe trade and minimize the risk in our trading activity
because the real trade will always think about how to reduce the risk, wich mean cut our lost short and let the profit run

[Lhaine]

Stop loss is definetely a must for every trader. loosing 5% much better than loosing 95% for sure. You can use it in the beginning of a trade. Also if you can move the stop loss to profit zone when you are in profit. So no matter what happens you will be in safe side.

Most often, it may happen that you will trigger a stop loss, you will fix your deal and then the price will go up a lot. You will be left with a loss. In the crypto market, it makes sense to set stop losses for a price drop of much more than 5%.

That's depend on the traders if they thinkmorethan 5% is too much for them to lose then its better to set it that way. It will lessen the lost if you make only set it in 5% but keep in mind that its easy to hit.

[slashz9]

actually stop losses also have their own drawbacks too.
for example you make a stop lose at min -10% of your total trading points then the market in a short time bounces back only 0.1% difference from your stop loss then it will be a bit unfortunate.
but the advantage is that you can avoid bigger downsides with this feature.

[codegnome]

I agree the stop loss feature is really helpful for traders especially when they are sleeping (if they leave an open trade) or away from keyboard I really don't know this feature but when I do some research and test it out it's really helpful for me in my own opinion.

[jajorforce]

One of the powerful trading tools is stop loss. A lot of trader don't use it or don't use it effectively. Stop loss is important in so many ways, by helping you reduce your capital loss per trade whether you are on it or away. Once the stop loss is set, if the trade goes against you some portion of the trading capital will be lost depending on how big or large the stop loss is.

However, stop loss is also advantegous when your trade is in profit. You do this by adjusting your stop as the trades moves in your predicted direction so that part of your profit will be what you will risk as your stop loss and not your capital. Many people do not understand this and lots of people make so many mistakes about the stop loss usage by either moving their stop loss too fast or keep it at the initial point.

This is a Trade management tips and it plays a huge role in your trading results.

We need this stop loss feature before the bear market starts. Somehow I think stop loss features won't work in the top altcoins. Top Altcoins price down won't happen like before. We need more features in exchange for how to stock our profits in the altcoins pairs. Automatically users will know all the features when exchange will add this trading feature.

[UniversityCoin]

Stop loss is definetely a must for every trader. loosing 5% much better than loosing 95% for sure. You can use it in the beginning of a trade. Also if you can move the stop loss to profit zone when you are in profit. So no matter what happens you will be in safe side.

Most often, it may happen that you will trigger a stop loss, you will fix your deal and then the price will go up a lot. You will be left with a loss. In the crypto market, it makes sense to set stop losses for a price drop of much more than 5%.

That's depend on the traders if they thinkmorethan 5% is too much for them to lose then its better to set it that way. It will lessen the lost if you make only set it in 5% but keep in mind that its easy to hit.

Most of the coins that I trade quite often have price changes of 5%, and if I put my stop losses on such price changes, I would trade at a loss to myself. Of course, every trader has their own strategies for various exchanges and trading pairs, so I will not say that my strategy is the best.

[tvplus006]

Have you experienced setting up a stop loss and triggered immediately and then went up to suddenly to your target ways? For example, having a long entry and set up stop loss and it was hit, then price eventually rise up but your entry were already settled?
..

I have had many such cases where the stop loss was triggered, and then the price returned to the previous values at the time when I first started trading on the exchange. I realized that the reason for this is that I did not set the price correctly for the stop loss, in order to reduce my loss, I put it too close to the current price. Now I know that the stop loss should be set behind the support or resistance level, depending on whether you are short or long.

[coinfinger]

This is a Trade management tips and it plays a huge role in your trading results.

I grabbed some good points from this your post. But another thing is that on that part of leaving the stop-loss on the initial point, many people who make use of this stop-loss are doing so because they are not there when they set a trade, so this tool is like something that’s going to be taking the action while they are not around prevent them losing lots of their trading money.

We need to research the market well before we can get good business results i think stop loss is a good way to reduce losses in business long-term investments if the value of the currency ever falls there is no need to fall into losses.

You can’t be doing anything without researching it. Just like me I know about stop-loss, but there are still some things that I don’t know about it, and everyday when I read about it I seem to get some new ideas that are helpful to what I am doing. So, research is a crucial thing that anyone needs to be doing.

[forexandcryptoauditor]

From my point of view, this is absolutely correct. The most important thing we need to do to become a successful trader is to keep self-discipline.  Many times it happens with traders that they apply to stop-loss on paper(tool) but their mind doesn't cope up with it and might get ended lowering the stop loss and then resulting in more loss. Only self-discipline can survive us in trading.
Also to addition keeping stop loss, if we put "STOP-PROFIT", it will surely give you some profit in cases where the price goes up and then gets hit to stop-loss price.