How To Protect Yourself In This Situation

[ncbeachdude]

Given these parameters:

Bitcoin is at 37,000 and you have a stop loss at 35,500 and then a buy at 34,900 to replenish what you sold and the market rebounds back to 35,000 before crashing again to 34,900 and taking with it your last buy.

What is the best approach to guard against this?

[mk4]

Good capital allocation through proper bankroll management; basically, not going full YOLO and setting offers using 50%+ of your total bank roll. Just so if you lose the trade, you'll have enough funds to potentially bounce back in your subsequent trades. There's just so much you can do to control your risk through your exchange offers.

[kram31]

Given these parameters:

Bitcoin is at 37,000 and you have a stop loss at 35,500 and then a buy at 34,900 to replenish what you sold and the market rebounds back to 35,000 before crashing again to 34,900 and taking with it your last buy.

What is the best approach to guard against this?

Using the method of stop loss I think is one of the safe things in doing trade in the exchange.
However, the price of Bitcoin so far was around 36, 000 plus something. It bounce back again to 38, 000 to 40, 000$
each for sure this coming a couple of days for sure.

[traderethereum]

Using stop-loss will be the best thing you can do to prevent the big loss because we do not know where and when the market will moves.
If the price is down from $37,000 to $35,500, your order sell will fill, and you only need to wait for the next order buys at $34,900 will fill.
If that can be fill in the next minute or hour, you will have your bitcoin and if the price can bounce up to $35,000 while you place an order sell at $35,000, it will fill your order sell.
After that, you can repeat the process like that, but you need to analyze more to find a good price to buy or sell.
But you need to remember that the market will not always follow what you want because many traders in the market that will have their own purpose.

[XZERO1]

Good capital allocation through proper bankroll management; basically, not going full YOLO

^This, dollar cost averaging works great in minimizing risk and giving you a better entry price and less exposure, my suggestion is to always start buying with 10% of your capital even when you think it's a perfect opportunity, that way you will be able to layer more buys if it drops more.

For example: You buy a token/coin with 10% of your capital and if it goes up you can set take profit or let it ride with tight stop-loss, but if it happens to go down even more you add another 20% and so on, unless we're in bear market if you choose your coin/token right and it has a great fundamental it has to bounce at some point at give you a decent profit at least or at the worst case scenario you should be able to get out of that trade in break even.

[stomachgrowls]

Given these parameters:

Bitcoin is at 37,000 and you have a stop loss at 35,500 and then a buy at 34,900 to replenish what you sold and the market rebounds back to 35,000 before crashing again to 34,900 and taking with it your last buy.

What is the best approach to guard against this?

When my SL got triggered or being touched then i dont really make out some buy orders below it.I do tend to  wait up a little bit more on where i do see for it to settle down and would have some
price pullback.This is the hardest thing to be done on where you should determine on whats the buying point, neither you do enter to early or late it doesnt matter because
once it do pullbacks then you would definitely make out some profits.

Protecting yourself will be depending on how you do handle out risk management and every each one of us do have their own decisions on when to and not to get in.
Sometimes intuition and self instincts would get involved into this one.

Losses are inevitable but you should know on when to take action to regain those losses and profit in the end of the day.

[boyptc]

Given these parameters:

Bitcoin is at 37,000 and you have a stop loss at 35,500 and then a buy at 34,900 to replenish what you sold and the market rebounds back to 35,000 before crashing again to 34,900 and taking with it your last buy.

What is the best approach to guard against this?

Stop loss or convert into a stable coin. That's all you've got to do to protect yourself from further loss.

And if you've done it, you're genius because bitcoin's price now is $31,400 and might drop some more and we'll actually get to see $20k-$29k again.

[Kitaiev]

When starting a deal, consider all the risks and learn to insure yourself against large losses. Use the option so as not to lose money if the market is not going in your direction.

[Ucy]

I will avoid selling and hope it goes back up, but if it doesn't, and instead goes down significantly, I will look for more fund (fund I can afford to risk/lose) and buy the dip in anticipation of recovering my lose with this last fund when there is significant rise in price again.
Will probably set my first fund to sell anytime price rises above the 37000 or above the level that'll be profitable for the fund.

[Silberman]

Given these parameters:

Bitcoin is at 37,000 and you have a stop loss at 35,500 and then a buy at 34,900 to replenish what you sold and the market rebounds back to 35,000 before crashing again to 34,900 and taking with it your last buy.

What is the best approach to guard against this?

There is no way to protect yourself against that, that is a very common phenomenon that is called a whipsaw and every single strategy in the market suffer losses when that happens, the only way to deal with it is to have a very strong money management skills and to not let those losses get into your mind to the point that you make a reckless trade and then you lose a significant amount of money because of it, I know that is probably not what you want to hear but it is the truth.

[kapalmabur]

Given these parameters:

Bitcoin is at 37,000 and you have a stop loss at 35,500 and then a buy at 34,900 to replenish what you sold and the market rebounds back to 35,000 before crashing again to 34,900 and taking with it your last buy.

What is the best approach to guard against this?

This strategy is always used by traders, I often trade, and have used the stop lose feature for years, and stop lose is certainly very helpful for me,
there is no more prevention than to buy back at lower prices, and accumulate until you really reach the target that you have decided,
if you don't buy back anymore, the losses you will certainly increase, but if you have a lot of capital, I'm sure your emotions should be controlled.

[crzy]

You have to create plans and avoid the FUD, you just have to focus on your trading settings and you’ll be fine. Beside, you should anticipate the corrections because it is inevitable so set up your cut loss level. Don’t panic, and keep on monitoring the market if you’re a trader, buy again at the bottom.

[cyriljundos]

Given these parameters:

Bitcoin is at 37,000 and you have a stop loss at 35,500 and then a buy at 34,900 to replenish what you sold and the market rebounds back to 35,000 before crashing again to 34,900 and taking with it your last buy.

What is the best approach to guard against this?

i think you must convert those btc of yours to other alternative coins so that you can avoid those losses. In that way you can possibly gain profit when you choose the right coin you invested in. losses is also part of the risk in this trading crypto industry. research more about techniques in trading so that you gain high profit.

[disconnectme]

The thing  you need is patience, let the market dictate what it want to do and don't force trade, this day crash has been on the horizon for sometime because the price will always come back to the mean, once a trend line is broken you need to change to get out of the market at the earliest possible time because there will always be another trade to profit from

[Husires]

The best solution is to have ready cash money in the form of dollar or USDT.
When the market is down you start buying and when the market upside you start selling and so on.
On average, you will get higher profits than Dollar average cost.

current bottom 30000 you can buy more BTC and sell it when 35000 and 40000

[AicecreaME]

Given these parameters:

Bitcoin is at 37,000 and you have a stop loss at 35,500 and then a buy at 34,900 to replenish what you sold and the market rebounds back to 35,000 before crashing again to 34,900 and taking with it your last buy.

What is the best approach to guard against this?

The most basic and effective measure is to always make Technical Analysis before proceeding to a Trade, to see more accurate price setting of Stop Loss and Take profit entry than randomly guessing up based on your instincts. I'll just make this short, study a lot of strategies first before entering the Trading World to avoid huge money losses in the long run. Don't trade because it's a trend, trade because you're confident with your knowledge about it.

[Ucy]

The best solution is to have ready cash money in the form of dollar or USDT.
When the market is down you start buying and when the market upside you start selling and so on.
On average, you will get higher profits than Dollar average cost.

current bottom 30000 you can buy more BTC and sell it when 35000 and 40000

Ofcourse. Traders could always have extra funds reserved in stablecoin for buying up the significant dips. I think if many traders make this as a habit, they will indirectly be helping to keep the market somewhat balanced. You keep buying the dips more and sell the highs less with reserved funds from stablecoin (you can afford to risk). They market will move healthier if much of traders funds are used in this manner

[Coin_trader]

Setup your position as well as stop loss in different price range. You can use 25% allocation in each position in different price level so that the risk of loss will diminished. You can used fibonacci to determine the right price level for opening positions in both buying and selling.

Study how to use fibonacci because it will help you a lot in trading. There's a lot of free pdf and youtube video for the tutorial.

[bitgolden]

Do not have that close levels? I mean if you do 35k and then 34.9 that would be way too close, I would say make it a bit lower, like 34k for example. I personally do not use rebuy options that easily, I want to do it myself, I can use stop loss but if I am going to get back in I want to do it myself. For example, I once again have a stop loss at 26k right now, I know that it could reach to 25k levels but I am not going to buy until that happens, but if it goes over 26k again that means a big bull is coming and I will buy, if it goes even lower that means it is a crash.

So, basically I want to watch and see what is going to happen and decide accordingly, not on an automatic response. Selling automatically is possible and understandable but buying automatically is not my forte, I just dislike it because I want to be able to see everything before I buy.

[JooBra]

Before trading you should put some rules what are you expecting to do. For example if you day trade put 2% profit limit and stop loss 1.8% and with that in mind work it around. It' much better if you do something like that since then you will known what to do in given situation.

[Ridwan Fauzi]

Why we should buy at $34.500? Actually that is not mamy strategy. If my stop lose getting reached I'll take a break first, out from the market and I'll go back again later when I ready to trade again.

I always put the entry at they key level point, yeah that is something that I got from my experience. The key level is really important to know, because when the price touch the key level point then the price will go up, at this situation I'll pick 20x laverage and just hold 15 minutes time frame, so I'll get a huge profit in it.

I'll buy again when the candle give a really sign that the price will up again, such as there are three green candle then I should entry to the market. When you have analyzed the chart you may need to see the movement price first. Like me, I'm not a trader who make an analyst and trade directly, I'll separate the time for analyst and the entry.

[maydna]

Given these parameters:

Bitcoin is at 37,000 and you have a stop loss at 35,500 and then a buy at 34,900 to replenish what you sold and the market rebounds back to 35,000 before crashing again to 34,900 and taking with it your last buy.

What is the best approach to guard against this?

I will not try to buy in a rush at $34,900 if I see the price will go down for more because that will make me not purchase bitcoin at a lower price. I will wait for a while and see what will happen to the bitcoin price because sometimes, the price can go down below $34,900. And if we see this situation, the price goes down deeper, and if you buy at $31k-$32k, that will not be a problem even if the price is down below $30k because the price will go up again. The key in these situations is not to panic because you need to analyze more to find a good time to buy back bitcoin.

[maxreish]

Thats what I see it as a problem. Setting up your stop loss to the neareast price where in it can possibly triggered suddenly. I usually had bad entry of stop loss too. But I have read one thread here in forum wherein he explained the right stop loss entry level. He also showed some indicators and some lines drawn as to where we should put right stop loss when short or long entry.

However, this might be a good article for us as a trader so we can manage well our trading using stop loss;
- Determining where to set stop loss

[Imran232]

That is why we need to learn trading. In this situation we have to use long and short trading system. When we see that bitcoin price is dumping then start the short position for trading soo that we can still generate profit if it gose dump. That is why expert traders dose not worry about crypto price they just wait for that signal is it start to go down then my position will be short, or if it is start to go up then my position will be long. Well, if they seen a dangerous position like it is impossible to calculation then they select lowest leverage and also set stop loss what is badly need. So it is my opinion.

[Silberman]

The thing  you need is patience, let the market dictate what it want to do and don't force trade, this day crash has been on the horizon for sometime because the price will always come back to the mean, once a trend line is broken you need to change to get out of the market at the earliest possible time because there will always be another trade to profit from

This is the right way to think, traders think they can actually watch any chart and get profits from the trades they make, when in fact the only thing you should do is to grab the opportunities the markets gives to you, which means that it is important to keep a cool mind when something like this keeps happening with you as it is very common for traders to lose their patience and begin to see their losses accumulate and they make a bad trade and they lose most of their money because of it.

[death69]

Money management is the key to solve the problem, or as I say: a wise stop loss and fund allocation. Mostly, I trade 50% of my capital and set a stop loss so as to protect my funds. You can lose one or two trade, they are not big deals. If you are consistent enough, you can earn back everything on the next week or even the next day. Remember to learn how to control your emotion. Being destabilized in your mental can make your become more greedy and reckless. And in a blink of an eye, you will forget everything about money management and start throwing your money out of the window

Once you become more experience in trading, trust your gut. Nothing is better than your true instinct and intuition

[BuNga_cute]

I agree with using stop-losses to avoid bigger losses when trading. And what the opening post did was correct, so we can do the same for
the current price situation. Which is now at $ 32,000. So we can buy Bitcoin at its current price, and set a stop-loss at $ 28,000. Then just
waiting for the price to go up, I'll partially sell it when the Bitcoin price hits the price of $ 35,000. To be able to buy Bitcoin again, if it turns out
that the price of Bitcoin drops again to a price of $ 32,000.

[dunfida]

The thing  you need is patience, let the market dictate what it want to do and don't force trade, this day crash has been on the horizon for sometime because the price will always come back to the mean, once a trend line is broken you need to change to get out of the market at the earliest possible time because there will always be another trade to profit from

This is the right way to think, traders think they can actually watch any chart and get profits from the trades they make, when in fact the only thing you should do is to grab the opportunities the markets gives to you, which means that it is important to keep a cool mind when something like this keeps happening with you as it is very common for traders to lose their patience and begin to see their losses accumulate and they make a bad trade and they lose most of their money because of it.

Not only on having a cool mind but also you would literally needing on seeing those charts on active manner for you to able to pull off those profits once you do get or see some opportunities for you to do so.
This isnt something that you can just take it for granted and making money on this market is never been easy.Protecting yourself into this situation? This will be varying on good money management skills that you do had.
Playing prices in small margins neither putting up some stop loss or rebuying levels would really be needing good situational observation and making out actions according or basing up to that.
If it turns out badly then try to make another one, this will really be involving lots of trial and error which is normal that you can see into this market.

[palle11]

In protecting yourself and your account you simply need to avoid greed and also use a tight stoploss strategy. By this you can allocate a very minimal stoploss from your account maybe a small percentage like 1% to take your risk of trade to lose and great a larger profit margin. This is how to trade. You can also make adjustment of your profit bit leave your stoploss where you set it.

[Silberman]

In protecting yourself and your account you simply need to avoid greed and also use a tight stoploss strategy. By this you can allocate a very minimal stoploss from your account maybe a small percentage like 1% to take your risk of trade to lose and great a larger profit margin. This is how to trade. You can also make adjustment of your profit bit leave your stoploss where you set it.

That is the most important thing, once you have a profitable strategy the only thing that can derail you from making money in the markets is your inability of using money management skills to reduce your risk, the most important aspect of trading is to trade with an amount of money low enough that if you happen to lose many times in a row you can still recover your money with a few winning trades, this may seem counterintuitive but it is the only way to be profitable over the long term in any market.

[error08]

I agree with using stop-losses to avoid bigger losses when trading. And what the opening post did was correct, so we can do the same for the current price situation. Which is now at $ 32,000. So we can buy Bitcoin at its current price, and set a stop-loss at $ 28,000. Then just
waiting for the price to go up, I'll partially sell it when the Bitcoin price hits the price of $ 35,000. To be able to buy Bitcoin again, if it turns out
that the price of Bitcoin drops again to a price of $ 32,000.

It's not just using stop-loss to prevent bigger losses, how if after the buyback then the price continues to decline?
That's why you need some strategies referring to the technical analysis and probabilities that may happen in the future, in this case; risk management and money management are crucial. Simply don't spend all the money to buy back, only use some and keep some as a reserve fund to buy more if the bear trends take place.

[Issa56]

From the little experience am having after my stop limit have been triggered I won't just jump make another buy order I will definitely wait patiently and see where the coin is heading to or allow the coin to stable or balance first before placing your buy order and I will definitely allow my buy order to be lower than the price that my first stop loss trigger. And after felling my buy order I will definitely set stop lose again because is better to lose 5% of your funds than to lose lose 50%.

[Silberman]

I agree with using stop-losses to avoid bigger losses when trading. And what the opening post did was correct, so we can do the same for the current price situation. Which is now at $ 32,000. So we can buy Bitcoin at its current price, and set a stop-loss at $ 28,000. Then just
waiting for the price to go up, I'll partially sell it when the Bitcoin price hits the price of $ 35,000. To be able to buy Bitcoin again, if it turns out
that the price of Bitcoin drops again to a price of $ 32,000.

It's not just using stop-loss to prevent bigger losses, how if after the buyback then the price continues to decline?
That's why you need some strategies referring to the technical analysis and probabilities that may happen in the future, in this case; risk management and money management are crucial. Simply don't spend all the money to buy back, only use some and keep some as a reserve fund to buy more if the bear trends take place.

This is why money management strategies are so important, there are people that buyback into the market and use all their money to do so and this is risky as if the price keeps going against their prediction then it is really difficult for them to sell again their coins and lose money once again so they keep holding and they lose money as a result of this, but if they only use a fraction of their capital then they can always buy more bitcoin at the reduced price and reduce the average price at which they bought their coins allowing them to become profitable in a shorter amount of time once the price recovers.

[Inkdatar]

From the little experience am having after my stop limit have been triggered I won't just jump make another buy order I will definitely wait patiently and see where the coin is heading to or allow the coin to stable or balance first before placing your buy order and I will definitely allow my buy order to be lower than the price that my first stop loss trigger. And after felling my buy order I will definitely set stop lose again because is better to lose 5% of your funds than to lose lose 50%.

This is the right mindset when entering the market we should use a stop loss to avoid further loses. A better move to set stop lose than hitting a big lose of your funds. The market is unpredictable it might continue to rise or will experience a bearish trend. So this is why we should have a plan when to enter and when to exit with earning. Also, to protect yourself in any situation may encounter always buy at the bottom and take profit when happy.

[ipanks]

Given these parameters:

Bitcoin is at 37,000 and you have a stop loss at 35,500 and then a buy at 34,900 to replenish what you sold and the market rebounds back to 35,000 before crashing again to 34,900 and taking with it your last buy.

What is the best approach to guard against this?

If you can buy at $34,900, then you should hold it, even if the price still go down. But you have another option to cut lose your bitcoin at $34,000 if the price is drop until that price. But if you do that, you will confuse to decide to buy bitcoin at what price. Maybe after you cut lose your bitcoin, you need to wait for a while and hold your money in USDT. And if the price still continues drops, you can buy back again, but this time, you can buy it at a low price. After that you can hold it.

[raji1995naya]

Given these parameters:

Bitcoin is at 37,000 and you have a stop loss at 35,500 and then a buy at 34,900 to replenish what you sold and the market rebounds back to 35,000 before crashing again to 34,900 and taking with it your last buy.

What is the best approach to guard against this?

Absolutely in trading, there is no 100% trading strategy. Actually, trading is one of the high-risk ways to earn method. But if you were able to manage your risk level you will able to sit on profit always.
So according to my view in this kind of scenario, you have to place the buy order just above the next support level. Most of the time price will retest the support level or just turn around above that. So it's always safe and profitable to Keep the buy order above the next support level. And please note that you have to manage your risk at first.

[Maackayon1]

this question isnt so clear but i think when buying, you just need to set a buy price and then wait for it to be picked or rather pick buy at market price. using stop loss is mostly good when selling and you dont want the price to pass a particular price and if it happens you can cut the cut and convert to a stable coin.

[doomloop]

In protecting yourself and your account you simply need to avoid greed and also use a tight stoploss strategy. By this you can allocate a very minimal stoploss from your account maybe a small percentage like 1% to take your risk of trade to lose and great a larger profit margin. This is how to trade. You can also make adjustment of your profit bit leave your stoploss where you set it.

This is the reason I hate using stop-loss actually because I can understand if you are trading 50 assets and cannot keep a track of all of them but if you are only trading Bitcoins then better manually trade and avoid using these features like stop-loss and take profit because the market in crypto swings like crazy and people who have tight sell and buy orders are usually the ones who suffer.

From the little experience am having after my stop limit have been triggered I won't just jump make another buy order I will definitely wait patiently and see where the coin is heading to or allow the coin to stable or balance first before placing your buy order and I will definitely allow my buy order to be lower than the price that my first stop loss trigger.

Actually some traders use a common strategy where they would have sell orders for 2 units less like if the price is 40k then buy order at 38k and sell orders at 42k which is a good strategy and very common and some even trade with 1 unit difference but at times when the market is moving in one direction only, you will get in trouble.

[Distinctin]

Given these parameters:

Bitcoin is at 37,000 and you have a stop loss at 35,500 and then a buy at 34,900 to replenish what you sold and the market rebounds back to 35,000 before crashing again to 34,900 and taking with it your last buy.

What is the best approach to guard against this?

I may not say it was right coz the result still at loss on your side. You better not sell it but rather wait until the market recovers back to $37,000 or even higher.

That is why I don't have to buy when the market is on the hypes. We should have been thinking twice, not too quickly jump into it. We know the possible trend next to bullish and that it got to dump. And if you miss selling your cryptos at that moment, it's a long time to wait to recover or just accept the losses and sell it.

[SirLancelot]

Bitcoin is at 37,000 and you have a stop loss at 35,500 and then a buy at 34,900 to replenish what you sold and the market rebounds back to 35,000 before crashing again to 34,900 and taking with it your last buy.

Quite a situation actually because usually when a drop happen it drops a couple hundred bucks at least. I would say that if you have a stop loss at 35.5k and buy order at 34.9k and you see the stop loss being met then the market is raising again, then better put a buy order at higher value because yes you sold the coins to a cheaper value but it was just unlucky and now moving forward the best thing is to buy at the least possible value.

Another thing you can do is cancel those orders if you believe the market is dropping slowly because usually when the market is dropping but rather slowly it is a sign of a correction happening and you shouldn't worry too much.

[Inspiron14]

The current market situation is still in a bullish state, however everything can change direction to bearish,
and of course the strategy if a bearish situation occurs, the thing to do is sell and wait at the support to buy it,
because you will recover, don't hold too long if the bears take over, just experience a few percent loss and it's not a big problem I think.

[tvplus006]

...What is the best approach to guard against this?

The correct stop loss setting is a very important task for a trader, otherwise your orders will be constantly closed, and you will record a loss. Therefore, it is necessary to set it behind the support line or behind the resistance. But we must remember that the exchange sees where the stop loss is set, so it will definitely strive to ensure that these stop losses are closed before further price movement.

[GelatikKembar]

...What is the best approach to guard against this?

The correct stop loss setting is a very important task for a trader, otherwise your orders will be constantly closed, and you will record a loss. Therefore, it is necessary to set it behind the support line or behind the resistance. But we must remember that the exchange sees where the stop loss is set, so it will definitely strive to ensure that these stop losses are closed before further price movement.

I feel that stop lose is not the best way to avoid this situation, there are still other determinants so that we can survive a bear market or dump, usually after reaching a stop lose the price will return to a reversal and bounce in resistance, even back to a bullish path as long as i trade, the stop loss should be at -10% of the support because for me that is the determination and wait for the candle to finish, usually 4 hours or 1 day.

[rokon1234]

Sometimes it is not possible to make the right decision about trading, but if we fall into such a situation, we must first try to hold on and wait for the next market upward.if the market goes down further, it would be wise to buy and hold some coins again.Later, if the market rises, reduce the rate of loss by selling and take some profit.

[saffira]

Considering same situation, stop loss is the best way to secure your coins. Each of us have different approach in handling this case. We cannot predict the price of the bitcoin. But if you are patient with your investment, it is also better to just hold and wait for higher value.

[Shasha80]

Using stop-loss when trading is a must, because it can protect our funds when a massive dump occurs. If the price goes down and is successfully sold
at the stop-loss price that we set, we can buy Bitcoin again when the price drops even lower. After successfully buying back Bitcoin, if the price goes up
a little do not rush to sell the Bitcoin that we have. We have to determine a high enough sell target, because Bitcoin usually recovers very quickly
when there is a correction and can be pumped much higher.

[dotcoin.info]

You are saved by a stop-loss that will sell BTC at a price of 35,500, then you cannot be 100% sure that after the buy-off at 34,900 the fall will not continue. That is, you need one more stop loss after buying at 34900.
However, during this time, you may or may not have access to the exchange. Therefore, I recommend that you install the tab trader application and put notifications in it so as not to miss a crucial moment.

[Rengga Jati]

-snip-

Many people use stop loss to prevent higher loss and to get back again the funds.
However, please consider carefully when to stop loss, consider and analyze whether the price in the market is really going down or only a short market correction.
If we are a daily trader, stop loss is very good for us.
But if we are not, we can still hold them, moreover, a coin like Bitcoin. This coin is very valuable both for short or long-term holding.

[Oilacris]

-snip-

Many people use stop loss to prevent higher loss and to get back again the funds.
However, please consider carefully when to stop loss, consider and analyze whether the price in the market is really going down or only a short market correction.
If we are a daily trader, stop loss is very good for us.
But if we are not, we can still hold them, moreover, a coin like Bitcoin. This coin is very valuable both for short or long-term holding.

Stop loss does have its own pro's and con's and if you are a day trader then you will find this to be beneficial but of course you should be setting it on more deep percentage because
casual volatility could easily eat it up.

For those who do aim for long term then stop losses wont really be much off needed because they are relying purely on recovery when the market tends to make out
some u-turn.

Protecting yourself in potential loss will be depending on how you do find out ways to minimize it.

[LUCKMCFLY]

-snip-

Many people use stop loss to prevent higher loss and to get back again the funds.
However, please consider carefully when to stop loss, consider and analyze whether the price in the market is really going down or only a short market correction.
If we are a daily trader, stop loss is very good for us.
But if we are not, we can still hold them, moreover, a coin like Bitcoin. This coin is very valuable both for short or long-term holding.

You are right, many times it is better to be inside the market without Stop Loss, but being protected with a leveraged short, the bad thing is that to make this maneuver it is necessary to be stuck all day to the chart so that the movement is not lost, although always It will be inside the market has great risks.

The loss of stop is good, it should always be used when there are doubts, but it is a primordial tool to reduce losses, and even to get profits, because if the profits are lengthened, you should only move the stop loss.

[Rehan Zakir]

I suggest you to hold coins only in spot account. Don't take a trade in future market. Just buy coins for long term. And hold it for 6 months , your investment becomes double. There is a huge fluctuation in the market. So, trading in future market is very risky. But choice is yours.

[gatti]

I suggest you to hold coins only in spot account. Don't take a trade in future market. Just buy coins for long term. And hold it for 6 months , your investment becomes double. There is a huge fluctuation in the market. So, trading in future market is very risky. But choice is yours.

Investing in cryptocurrency can yield large sums of money. I have personally benefited greatly from my investments in Bitcoin, Ethereum, Ripple and other coins that I became an early adopter, when they first entered the market. It has given me greater income and allowed me to spend more time doing what I enjoy. There are many benefits if you choose to invest in cryptocurrency.In the past few months alone, prices for these assets have soared. There are now countless coins to learn more about and bet on

[Kelvinid]

Well, I think you can't protect yourself in this situation. BTC price volatility is jumping through thousands. Maybe you will have more grains if you will make bigger interval between buy/sell orders but no one can guarantee you that price will go down and down instead of up and vice versa.

SECURITY is a big challenge for us especially when we are buying Bitcoin during the Bullrun and even holding couldn't guarantee that it keeps our fund safely, unless if we are buying during the bear season that most likely the price will move high than during this time.

In the current situation and the high volatility risk of the market, we need not emotionally affected by a few market corrections. We need to stand for what we believe but for me, I'll take every opportunity I saw and I don't hesitate to sell then if there is a chance. We have to play the market wisely.

[isaac_clarke22]

~

I would just simply wait for it to touch the floor.
Just trade because of you. Take responsibility if you make the mistake. Don't just depend on other's decision.
I would just keep holding if I was holding BTC regardless.

[Johnyz]

~

I would just simply wait for it to touch the floor.
Just trade because of you. Take responsibility if you make the mistake. Don't just depend on other's decision.
I would just keep holding if I was holding BTC regardless.

The market will not always go according to the plan, so if the price didn’t hit your buying level, then you have to decided either to wait for the price to go down, or to buy because its recovering again, or you just look for other altcoins that is right on your buying price. We always have to diversify, and stop chasing Bitcoin everyday because there’s a right time for that and you have to wait patiently.

[seoincorporation]

Given these parameters:

Bitcoin is at 37,000 and you have a stop loss at 35,500 and then a buy at 34,900 to replenish what you sold and the market rebounds back to 35,000 before crashing again to 34,900 and taking with it your last buy.

What is the best approach to guard against this?

The only way I find to avoid this is to put the stop loss on the right range, you need to see where are the walls on the markets, so, let's say the wall on the buy-side is on 34,950 and the wall on the other side is on 36,200, then you should put you stop lost after the first wall, on 35,000 and the sell order on 36,000. That way your move doesn't get stuck by the wall.

[Ryker1]

It's easy to protect at this situation.Many traders will face such situation in his life time of trading.You should learn to hold at such situation,instead of making some noise. When the price is back to high value,you can easily sell that at that point .Then get your profit for sure.No need to worry for this situation.

Well, you have a point because not all the time that day trading is profitable, --it will always depend on the market movement and all you have to do is perfect timing of execution when is the perfect time of selling your coin. I also prefer upon holding your crypto asset than having a day trading which is very risky, just perhaps having a play safe and less risk. Hold until you will see that your profit was there. Having a quick profit is not just easy, you need to patiently wait and must include the fundamental^[FA] and technical analysis ^[TA].
However, there are too many factors to consider in protecting yourself and asset in trading, we should be wise in time of making a decision because anytime we experienced failure if we will always follow our greed.

[nelson4lov]

Well, I think you can't protect yourself in this situation. BTC price volatility is jumping through thousands. Maybe you will have more grains if you will make bigger interval between buy/sell orders but no one can guarantee you that price will go down and down instead of up and vice versa.

I don't think its even about putting distanced buy/sell orders. Except he knows what he's doing . I mean, instead of randomly placing orders, OP would be in a more better position to take most of those trades if those orders are placed at strategic areas of values like the various support and resistance price levels. This way, he can take out a lot of the guesswork as price tends to be on a free fall after it confidently breaks through a level. It's better to prevent catching a knife.

[Questat]

Well, I think you can't protect yourself in this situation. BTC price volatility is jumping through thousands. Maybe you will have more grains if you will make bigger interval between buy/sell orders but no one can guarantee you that price will go down and down instead of up and vice versa.

I don't think its even about putting distanced buy/sell orders. Except he knows what he's doing . I mean, instead of randomly placing orders, OP would be in a more better position to take most of those trades if those orders are placed at strategic areas of values like the various support and resistance price levels. This way, he can take out a lot of the guesswork as price tends to be on a free fall after it confidently breaks through a level. It's better to prevent catching a knife.

And aside from that, OP must have to be strong on his decision and never be negative coz that was the case that he might bring him to losses. If he can able to hold for a while, the better it go.

What I see to OP is that he is bothered too much after seeing the declining trend and he becomes negative thinking this will be the end of the bullish season and he can no longer get profit. If that a thing we always put in our minds the more it drives us to be negative all the time.

[SquallLeonhart]

SECURITY is a big challenge for us especially when we are buying Bitcoin during the Bullrun and even holding couldn't guarantee that it keeps our fund safely, unless if we are buying during the bear season that most likely the price will move high than during this time.

In the current situation and the high volatility risk of the market, we need not emotionally affected by a few market corrections. We need to stand for what we believe but for me, I'll take every opportunity I saw and I don't hesitate to sell then if there is a chance. We have to play the market wisely.

I would say keep your money in binance and have a stop loss and you are done with both of them. If you keep your money in binance and if you have decent password and a 2FA that means you will most probably will not get hacked, and binance does get hacked but they never let anyone's money go to waste, they always pay people, so with putting your money into bitcoin you have guaranteed that you will end up with a good security and your money will be safe.

So, let's go towards the "what can we do if our money becomes zero" type of problems, well use stop loss at a good place and you will basically always be profiting from it, there is no problem with buying more and dropping the DCA in the future but if you want to get out and not sure about the project, just put a stop loss and you will not lose too much money. That is how things work in long term financial companies.

[elisabetheva]

Well, I think you can't protect yourself in this situation. BTC price volatility is jumping through thousands. Maybe you will have more grains if you will make bigger interval between buy/sell orders but no one can guarantee you that price will go down and down instead of up and vice versa.

with an uncontrollable increase because it is indeed a fast movement, one must be prepared that what is going to be done is full of high risk. if you don't know and want to take a high risk, it's better not to continue.

in fact, if you can anticipate the fast up and down movement, even though the difference may be quite large and it can be done with careful consideration, it will be profitable, but it can also be detrimental. the important thing is if it is decreasing as long as you want to be patient and not panic, then you have to be patient to wait for it to increase again so that it is time for execution, then it works well.

[Ziskinberg]

Well, I think you can't protect yourself in this situation. BTC price volatility is jumping through thousands. Maybe you will have more grains if you will make bigger interval between buy/sell orders but no one can guarantee you that price will go down and down instead of up and vice versa.

with an uncontrollable increase because it is indeed a fast movement, one must be prepared that what is going to be done is full of high risk. if you don't know and want to take a high risk, it's better not to continue.

in fact, if you can anticipate the fast up and down movement, even though the difference may be quite large and it can be done with careful consideration, it will be profitable, but it can also be detrimental. the important thing is if it is decreasing as long as you want to be patient and not panic, then you have to be patient to wait for it to increase again so that it is time for execution, then it works well.

Market anticipations have always been our practice since before but sad to say is that we mostly think of the negative side rather than the positive one. People are selling their Bitcoin is because they have worries and they are anticipating the market it falls.  Panic selling is commonly what we heard and everyone is talking negatives then as the market shows just a few declines. Sometimes they are right but somehow, their action could also bring them losses instead of profit.

Buying at $50k and then sell it at $48k because they saw the downtrend? That what will happen to impatient and doubtful investors.

[kramchers]

Given these parameters:

Bitcoin is at 37,000 and you have a stop loss at 35,500 and then a buy at 34,900 to replenish what you sold and the market rebounds back to 35,000 before crashing again to 34,900 and taking with it your last buy.

What is the best approach to guard against this?

At the moment the price of Bitcoin was in between 51k$ up to 52, 000$ plus. Implementing scalping into Bitcoin is not applicable for \the newbies but if you think you are fully knowledgeable in doing the actual trade in the exchange platform you can apply it, but if not, never try to do it. So, if you want to earn via Bitcoin trading it is much better to hold it in the long term, this is one of the best thing you can do
now actually.

[Xinarae*]

It is easy to deal with any situation if you have a good knowledge of the market and can analyze it properly. Bitcoin investments have a long wait if the price of the currency goes down wait patiently without any worries the price will go up again crypto market means rise and fall. You have to control the situation yourself and you need to know the trading techniques before buying and selling will have to wait until prices go up.

[ivankoh]

Given these parameters:

Bitcoin is at 37,000 and you have a stop loss at 35,500 and then a buy at 34,900 to replenish what you sold and the market rebounds back to 35,000 before crashing again to 34,900 and taking with it your last buy.

What is the best approach to guard against this?

In my opinion, you were right to cut your loss in this situation.  Some new traders have a panic along with leverage + margin.  it caused an utter panic to my friend.  Usually I cut my loss with a smaller slip.  In this case of you I would extend my stop loss range and buy back at $ 34.5k. 
But if the stop loss was out of the right range and didn't get the right price back, It was really detrimental.

[boyptc]

Holding is not a variant if you find out that you made a wrong order. If a trader always plays on shorts then it's better to buy/sell immediately again and then to wait for appropriate moment. In such case you'll have a minimum of loses. It's not me saying that, it's mathematics.

Shorts will always be like that.

You need immediate action if you're strategy is to play shorts. You don't see people shorting if they've planned to be long term. But there's still risk on it.

You can't dictate the market and lucky you are if you have minimized your losses doing it.

[RealMalatesta]

Holding is not a variant if you find out that you made a wrong order. If a trader always plays on shorts then it's better to buy/sell immediately again and then to wait for appropriate moment. In such case you'll have a minimum of loses. It's not me saying that, it's mathematics.

Holding is usually used for "buying and holding" and not shorters, if you short that means you are betting on bitcoin to fall which is very wrong because in the long term it always goes up, if you ever buy a long future that doesn't have date, after a while you are making profit on top of profit non-stop since it never reaches that point again, thinking about buying at 7k, you would be basically wealthy by now, but this is not used for that neither, it is used for regular buying bitcoin and storing it aside and waiting for it go up, that is what "hodl" means most of the time.

It is a good way to protect yourself as well, if you want to make sure that you do not lose money in the long term, you just end up with buying bitcoins and holding it and you would be protecting yourself in that situation, which is why I think it is quite obvious that "hodl" is a good suggestion.

[lixer]

Given these parameters:

Bitcoin is at 37,000 and you have a stop loss at 35,500 and then a buy at 34,900 to replenish what you sold and the market rebounds back to 35,000 before crashing again to 34,900 and taking with it your last buy.

What is the best approach to guard against this?

Well, it happened and what you can do is to just look for other opportunities to buy in again and then start looking ways and hoping that you’re going to be able to recover what you have lost. It is just how this market is, it is volatile and the risk is too much that you an be losing even when you least expected it, so it’s best to just be trying till you get what is right for you.

Stop loss, good thing about it is that you’re not going to be losing so much of your money, you’re going to be able to break the losses from going really further, and then you’re left with the chance of going for the hit again

[Yatsan]

Good capital allocation through proper bankroll management; basically, not going full YOLO and setting offers using 50%+ of your total bank roll. Just so if you lose the trade, you'll have enough funds to potentially bounce back in your subsequent trades. There's just so much you can do to control your risk through your exchange offers.

This is indeed right. Proper allocation of funds or having your capital management is one of the best key to sustain your needs if ever you have put into a tough situation and you seems to get cornered into a trade that you have done. Managing your funds is a basic yet and effective way on how you can still make use of your own funds to circulate in manner that will be favorable to you and serve as a back up plan for unexpected situations that you have not got prepared with. Manage stop-loss among your trades to control how your funds is working into your trades to be able to lessen the burden you are having in every loss that you are gaining from the trades you are conducting.

[Rasel5209]

Given these parameters:

Bitcoin is at 37,000 and you have a stop loss at 35,500 and then a buy at 34,900 to replenish what you sold and the market rebounds back to 35,000 before crashing again to 34,900 and taking with it your last buy.

What is the best approach to guard against this?

If you want to day trade you need to small profit some satoshi. I face this many day and this situation i don't worried. Because first i analyses market then set plane buy and sell rate.

[DoublerHunter]

Given these parameters:

Bitcoin is at 37,000 and you have a stop loss at 35,500 and then a buy at 34,900 to replenish what you sold and the market rebounds back to 35,000 before crashing again to 34,900 and taking with it your last buy.

What is the best approach to guard against this?

At the moment the price of Bitcoin was in between 51k$ up to 52, 000$ plus. Implementing scalping into Bitcoin is not applicable for \the newbies but if you think you are fully knowledgeable in doing the actual trade in the exchange platform you can apply it, but if not, never try to do it. So, if you want to earn via Bitcoin trading it is much better to hold it in the long term, this is one of the best thing you can do
now actually.

^ That is definitely right, don't monitor your investment daily or weekly, it makes you become frustrating seeing the price in the market has an up and down moving in the market. Probably the best thing to do is invest now and forgot something a year and never come back after hearing again that the price of your investment was double. There is only one way to protect yourself, be wise and smart in every decision you have to be made. Because there is no trial and errors in trading and it could not be revoked.

[trigger1975]

Given these parameters:

Bitcoin is at 37,000 and you have a stop loss at 35,500 and then a buy at 34,900 to replenish what you sold and the market rebounds back to 35,000 before crashing again to 34,900 and taking with it your last buy.

What is the best approach to guard against this?

Sounds like revenge trading: you want to force the market to give back to you what you've lost.

The best way to protect yourself against this is to only enter the market with a sound plan. Don't trade if you are angry about a loss.  If you have to take a loss: accept it, it's part of the game.  Next trade is coming and it's your job to take it.  But forcing the market to give you back your loss isn't working: it'll bite you again and again.

[Scripture]

Given these parameters:

Bitcoin is at 37,000 and you have a stop loss at 35,500 and then a buy at 34,900 to replenish what you sold and the market rebounds back to 35,000 before crashing again to 34,900 and taking with it your last buy.

What is the best approach to guard against this?

If you want to day trade you need to small profit some satoshi. I face this many day and this situation i don't worried. Because first i analyses market then set plane buy and sell rate.

Have a plan and do the proper implementation of your strategy, you might not be able to create such buy and sell price in day trading because of the volatility, you should stay focus and every time you buy always set your sell price right away. If its not on your buying price, then don’t buy just stay on your course and you’ll be good enough to make money on that day.

[LUCKMCFLY]

Given these parameters:

Bitcoin is at 37,000 and you have a stop loss at 35,500 and then a buy at 34,900 to replenish what you sold and the market rebounds back to 35,000 before crashing again to 34,900 and taking with it your last buy.

What is the best approach to guard against this?

Sounds like revenge trading: you want to force the market to give back to you what you've lost.

The best way to protect yourself against this is to only enter the market with a sound plan. Don't trade if you are angry about a loss.  If you have to take a loss: accept it, it's part of the game.  Next trade is coming and it's your job to take it.  But forcing the market to give you back your loss isn't working: it'll bite you again and again.

This reminds me of a book by Richard Wyckoff, where he advises that you should never enter the market looking for revenge, when you lose in trading it is because someone else wins your money, the Exchange will never lose, when a trader tries to beat the market, they play their emotions, it is as if the emotions make the decisions and at that moment is where you should be most careful because the psychological part begins to emerge, it is very likely that the plan that has been made will be totally changed and it would fall into a huge error.

The market always gives good entries and new opportunities, if there is a loss in trading, it is best to wait for the best opportunity to re-enter, and this occurs with patience.