How to manage your stop loss for good trading result.

[Silberman]

I think stop loss is very important when you are trading, because it allows you to set your trade in such a way that when your loss gets to a particular amount that you dont want to lose beyond, the trade automatically closes itself. It is advisable to use good risk management when setting your stop lose. you normally shouldn't risk more than 2 - 4% of your trading account.

Not only in trading but even in all gambling activities, setting stop loss is very advantage so we can avoid maximal losses in the end. Even when we are in the peak of making profits, setting stop loss is still advisable too because not only we should limit our losses but also in making profits too since we cannot anticipate what will happen the next time around.

This is something that people overlook all the time, while gambling and trading are completely different activities they share many concepts as people have studied gambling games for centuries and traders found out that their concepts could be applied to the markets, for example there are many that wait for particular formation on the market to appear that have a high probability to produce an outcome, and this is no different than the gambler that waits until the odds on a match become more favourable to them, and the same is true for the concept of a stop loss, at some point we need to admit defeat and move on and yet many traders and gamblers are unable to do this.

[1715273637]

1715273637

[1715273637]

1715273637

[tvplus006]

The crypto market will teach everyone to use stop loss. Because those who do not use stop loss will lose their balance completely or partially. And at such a moment comes the realization that it is better to lose 5-10% Using a stop loss, rather than losing 50-100% of your deposit, do not use it.

[NewRanger]

The crypto market will teach everyone to use stop loss. Because those who do not use stop loss will lose their balance completely or partially. And at such a moment comes the realization that it is better to lose 5-10% Using a stop loss, rather than losing 50-100% of your deposit, do not use it.

traders thinking when they hold their asset price will rebound and assets value back to initial value. and the fact price continue drop and till its value only 10% we feel regret and everything was late. dicipline and consistent be main key for survive in crypto market , cut loss when its already move againts our position. we have must have principle courage to hold must courage to suffered huge loss or profits .

[weborsha]

Traders should use the stop loss for sure. When you go to sleep you should mange stop losses if you wanna sleep well) I know how nervous it is to leave open buy orders for night without stop loss)

[Silberman]

The crypto market will teach everyone to use stop loss. Because those who do not use stop loss will lose their balance completely or partially. And at such a moment comes the realization that it is better to lose 5-10% Using a stop loss, rather than losing 50-100% of your deposit, do not use it.

traders thinking when they hold their asset price will rebound and assets value back to initial value. and the fact price continue drop and till its value only 10% we feel regret and everything was late. dicipline and consistent be main key for survive in crypto market , cut loss when its already move againts our position. we have must have principle courage to hold must courage to suffered huge loss or profits .

This is a classic mistake and one of the most costlier ones, if you take a look at some of the biggest losses in the markets in all history you will see this mistake as the one responsible for them, a trader takes a bad decision and now he is losing money, then instead of just accepting the loss he decides that he is going to hold his position or even increase it as it seems whatever asset he bought now is ‘cheap’, then the price keeps going down and now it is even more difficult to accept the loss but he refuses to budge, the market drops even further until finally the trader receives a margin call or a colleague forces him to close his position and all of this could have been avoided if he just used his stop loss from the very beginning.

[BlazingHashes]

I wish I read this topic 2 months earlier. From August 31st, my account kept falling steadily from day to day, but because I always hold a thin ray of hope, I removed the stop loss many times. I think analysis  the setpoint and placing the stop loss is a factor, the most important thing is to build a spirit of discipline to always apply them.

[kidbounty]

The stop loss is very useful because it can be the last line of defense when there is a dump in the market. without a stop loss we will experience a loss when the dump occurs suddenly. I always use stop loss and this is very useful because we can not always see the market situation.

[santouao]

Traders customarily place stop-loss orders when they are initiating trades and using Top-loss is a good point as it specified an advance order to sell an asset when it reaches a particular price point. It is used to limit loss or gain in a trade.

[bitcon]

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.

It is always difficult to become a self-disciplined person if you have a different nature. I guess, you need to have strong nerves and cold head not to panic when you see your coins are going down (or up). Fast decisions often lead to big losses as I know from my own experience.

[flagpara]

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 topic isn't important for altcoins discussion. Trading is a very easy earning process if we can take advantage of all the trade feature advantages. Stop loss features can only stop your loss from the huge losses because we don't know how far one coin can go down. Can anyone help me? I didn't find the top exchange this feature ( stop loss ) without Binance. This feature should be available for all the exchange.

[AliMan]

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.

It is always difficult to become a self-disciplined person if you have a different nature. I guess, you need to have strong nerves and cold head not to panic when you see your coins are going down (or up). Fast decisions often lead to big losses as I know from my own experience.

That's for real mate, we need to understand how the market behaves but often times mistakes are unavoidable. If we loss stopping should be done for a meanwhile before recovering from that situations. Consider all those factors and prevent certain things that might lead us from making that wrong decisions redundantly. However, if you're set value on trading wasn't meet then holding for long term is a best options.

[gabbie2010]

I trade forex and I know how important is stop loss although it has pros and cons however I place stop loss in all my trade to protect my capital, based on risk to a reward ratio, however there some trades when filled tend to hit stop loss before moving in the speculated direction although this scenario often occurred when a tight stop loss was placed especially if the traded pair is very volatile and the price moves faster with momentum.

[kevinzxz]

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.

yes, stop loss is important but in my opinion it is only for use when trading in new altcoin or altcoin that have a low trading volume, because if you buy altcoin that are already in the top 100 coinmarketcap (for example ETH, LINK, LTC, XRP or BNB), then in my opinion you don't need to use a stop loss, because when the price goes down, all you need to do is hold until the price increases again, although sometimes you may have to wait a long time.

[Silberman]

I wish I read this topic 2 months earlier. From August 31st, my account kept falling steadily from day to day, but because I always hold a thin ray of hope, I removed the stop loss many times. I think analysis  the setpoint and placing the stop loss is a factor, the most important thing is to build a spirit of discipline to always apply them.

It is too late to correct that mistake but at the same time it is going to help you for the rest of your trader and investor career, as long as you do not lost all your capital then you are still good, and it is important that you never forget this lesson, when it comes to our stop loss we need to be inflexible once it is hit you need to sell, no questions asked, just do it and while it is painful to lose some money and then see the market immediately recovering the stop loss is designed to protect you from big losses and not from the small ones, since the former are the ones that can destroy your account in a matter of hours or days if you are not careful.