Stop Loss influence in massive dump

[Ziskinberg]

If you are directly in front of the terminal, there is no need to set a stop loss. Most stop-loss triggers are caused by false breakouts of the level, after which the price is restored. I try to close trades manually if I see that the price is fixed below the support level.

If was trading the markets and I was watching the market action I would still use a stop loss, the reason is that the market can move a lot faster than what you can react, we know this happens with bitcoin all the time with big positive or negative candles.

You need to have your stop loss already in position before the price slips past your selling point and you lose even more money than what you thought you would lose in it, while this may not seem like a big deal over the course of hundreds of trades this quickly adds up to a lot of money.

Stop-loss is the guarantee that you'll be safe from huge losses but I don't think it is a need to do that when we are a full-time trader or when we are facing the computer. Maybe that late reaction isn't long enough for the price to dump 5% or 10% that we might miss.

But anyway, the result of our trades will matter on how we manage to it. Using stop-loss or any strategy might found less effective if we are not going to use it properly.

[1715671124]

1715671124

[lalabotax]

At the past, I never used stop loss and this made me losing much money and also my coins were still here losing much price. Here, I started to decide to use stop loss to minimize the loss. At this time, I can set the SL in order to manage how much I will lose and then make the funds to move to other coins and make another profit from other coins. I think that it is better than only waiting for the price to increase but in fact, always falling

[Negotiation]

There will be profit loss in crypto it is better to sell from stop loss to stop the effect of loss on huge dump if the price goes up you can get more profit by selling it is better to study the market from stop loss and sell it if there is a possibility that the price of the currency will go down. Reliable sites are required for stop loss.

[Furious 7]

There will be profit loss in crypto it is better to sell from stop loss to stop the effect of loss on huge dump if the price goes up you can get more profit by selling it is better to study the market from stop loss and sell it if there is a possibility that the price of the currency will go down. Reliable sites are required for stop loss.

We have to be ready in any situation, stop loss is really needed when the dump occurs, therefore it is very important when we see that the price has started to correct, so that's where we are ready with the stop loss by running the one that has been installed.
But for me, what is the market condition if it is possible to install it will probably also be but I see the market is doing well so it is still far from a big overall dump for the current market.

[slaman29]

There will be profit loss in crypto it is better to sell from stop loss to stop the effect of loss on huge dump if the price goes up you can get more profit by selling it is better to study the market from stop loss and sell it if there is a possibility that the price of the currency will go down. Reliable sites are required for stop loss.

What a convoluted way to say: better to specify your exit, regardless of profit or loss, by using stop loss or take profit. Agree, and if you can, use trailing stops then if you aren't ready to give up profits.

With more DEXs now also using it, there's really no reason not to use them anymore. Unless you're hodling like me then of course, you keep it in a wallet and don't check daily anymore:)

[btc-facebook]

Stop Loss is used to minimize losses, small or large time frame must use a stop loss, especially traders who trade many coins at once.
In my opinion, stop loss is very mandatory, especially when trading in the cryptocurrency market, because sometimes the market moves beyond your expectations, the price can fall by more than 30% in a few hours, such as the events of 12 March 2020, the price of bitcoin fell by more than 30%, if at the time it didn't set a stop loss, I believe the loss is very much.

[Ausgewielt]

I think stop loss don't influence massive dump, I always believe that there is the true price of a Coin that represent the power of company behind it. When the coin is undervalued there are some investors who buy it. I am one of those investors who really like to find coins which is undervalued so I can get very good position in trading. I only need to wait for several months until the bad sentiments didn't affect the coins anymore. The key is fundamental analysis, if the company is good then I will buy it's coin.

[ropyu1978]

Stop Loss is used to minimize losses, small or large time frame must use a stop loss, especially traders who trade many coins at once.
In my opinion, stop loss is very mandatory, especially when trading in the cryptocurrency market, because sometimes the market moves beyond your expectations, the price can fall by more than 30% in a few hours, such as the events of 12 March 2020, the price of bitcoin fell by more than 30%, if at the time it didn't set a stop loss, I believe the loss is very much.

Minimize losses with cut loss its good because many trader always use stop loss when entry some coin, but for holder keep hold and waiting until price back again, I don't have any ideas to cut loss because I am most patient waiting for price back to higher, just if have any urgent then I will cut loss position.

[tvplus006]

Stop-loss is the guarantee that you'll be safe from huge losses but I don't think it is a need to do that when we are a full-time trader or when we are facing the computer. Maybe that late reaction isn't long enough for the price to dump 5% or 10% that we might miss...

The presence of a stop loss for a trader is a prerequisite for trading. Of course, there may be unforeseen circumstances that are beyond your control, such as a power outage or a short-term lack of internet. In such cases, if you trade with margin, with a sharp decline in the price, your position will be liquidated by the exchange.

[michellee]

Stop Loss is used to minimize losses, small or large time frame must use a stop loss, especially traders who trade many coins at once.
In my opinion, stop loss is very mandatory, especially when trading in the cryptocurrency market, because sometimes the market moves beyond your expectations, the price can fall by more than 30% in a few hours, such as the events of 12 March 2020, the price of bitcoin fell by more than 30%, if at the time it didn't set a stop loss, I believe the loss is very much.

Minimize losses with cut loss its good because many trader always use stop loss when entry some coin, but for holder keep hold and waiting until price back again, I don't have any ideas to cut loss because I am most patient waiting for price back to higher, just if have any urgent then I will cut loss position.

Maybe that will depend on the situation on the market because we do not know if the price will still go down, so maybe we can hold for a while and see what will happen to the market. If we want to cut losses, we need to make sure that the price is down too deep, but that will not be easy since we can not accurately predict. But for holders, will still hold their coins even if the price is down, but they will buy more at a low price.

[taufik123]

-snip-If we want to cut losses, we need to make sure that the price is down too deep, but that will not be easy since we can not accurately predict. But for holders, will still hold their coins even if the price is down, but they will buy more at a low price.

Cutting losses when you're not ready and don't have a buying strategy at the bottom again will be very risky. Cutting losses must be planned in advance, whether to fall deeper or not. If the price continues to rise while cutting losses, it will only lock in losses.

Being a strong holder would be better, but the holder also needs to analyze whether the coin has a good potential to be defended or not. Don't hold onto a coin that has no future developments, it will only be a waste of time.

[Untomabur]

Of course it is very influential, if there is a dump then you will be safe, for example if you put your stop loss at -5%,
and when it happens dump it is at -20%, then your money will be safe from another -15% loss, of course it can.
give you a new asset again when you buy back later, even though the stop loss looks useless, for me stop loss is very important at a certain time

[michellee]

-snip-If we want to cut losses, we need to make sure that the price is down too deep, but that will not be easy since we can not accurately predict. But for holders, will still hold their coins even if the price is down, but they will buy more at a low price.

Cutting losses when you're not ready and don't have a buying strategy at the bottom again will be very risky. Cutting losses must be planned in advance, whether to fall deeper or not. If the price continues to rise while cutting losses, it will only lock in losses.

Being a strong holder would be better, but the holder also needs to analyze whether the coin has a good potential to be defended or not. Don't hold onto a coin that has no future developments, it will only be a waste of time.

So maybe we can just hold and buy back more amount at a low price. Most traders cut losses because of the panic to see the price is going down fast. Maybe they need to have patience and not panic and make another plan, especially if the price is not stable.

Analyzing will be the important thing that we should do to find the potential coins, and do not attract to invest in the coin because of the news because we do not know if that is true or not.

[JooBra]

Of course it is very influential, if there is a dump then you will be safe, for example if you put your stop loss at -5%,
and when it happens dump it is at -20%, then your money will be safe from another -15% loss, of course it can.
give you a new asset again when you buy back later, even though the stop loss looks useless, for me stop loss is very important at a certain time

Everyone who is experienced trading in crypto is using stop loss. I used it today for ADA after it dumped so hard after listing on coinbase was live. I used it finished in good profit and it worked good.

[wxa7115]

If you are directly in front of the terminal, there is no need to set a stop loss. Most stop-loss triggers are caused by false breakouts of the level, after which the price is restored. I try to close trades manually if I see that the price is fixed below the support level.

If was trading the markets and I was watching the market action I would still use a stop loss, the reason is that the market can move a lot faster than what you can react, we know this happens with bitcoin all the time with big positive or negative candles.

You need to have your stop loss already in position before the price slips past your selling point and you lose even more money than what you thought you would lose in it, while this may not seem like a big deal over the course of hundreds of trades this quickly adds up to a lot of money.

Stop-loss is the guarantee that you'll be safe from huge losses but I don't think it is a need to do that when we are a full-time trader or when we are facing the computer. Maybe that late reaction isn't long enough for the price to dump 5% or 10% that we might miss.

But anyway, the result of our trades will matter on how we manage to it. Using stop-loss or any strategy might found less effective if we are not going to use it properly.

The problem is that this assumes that a human is going to have perfect reflexes and will watch the markets every single second in which he is trading, but we are humans not computers, you can receive a call, eat something or be distracted by your family and suddenly you realize you have not watched the market for half an hour only to find out the market moved way more than what you thought and now you need to sell for a loss.

Humans are great at problem solving but terrible at monitoring something for longs periods of time, especially if you are watching several markets at the same time, so it is better to save ourselves the trouble and use a stop loss even if you are a day trader.

[teosanru]

I had a few stop loss order filled todays dump happened a few hours ago, sadly that's the point from where coin moved up.
I just have realized that stop loss order have a significant influence on massive price decrease.
If a crypto is currently trading at $2, and someone has a stop price of $1.8, selling at $1.79. See, when the price hit $1.80, you are forcing the price to go lower. And same happens in the stop market option too. As you are selling at market best price.
What's your opinion? If there are few stop loss order on certain coins, how does it influence the massive dump? Please share your thoughts.

I think Stop loss hunting has become too frequent in crypto market these days. It's bots and computers trading which somehow know how to detect some strong supports along side which most people have put their stop losses. I think these days mental stop losses and seeling only after the candle closes is a better strategy than to put automatic orders be it a buy order or a stop loss order. I have seen a lot of long wicks these days. Moreover with high leverage trading going aroundd these days this thing is profitable for exchanges too so I won't be too shocked to know that Exchanges are colluded in all this too.

[ropyu1978]

Stop loss to increase with your loss and good because you can get chance to buy other coin and recovery with your loss on coin before, but many time after stop loss coin back to higher price. I will hold and never put stop loss with spot trading but now for future trading, I believe coin will easy back to higher price when bitcoin keep stable on higher price.

[Peanutswar]

If you are trying to trade having a stop loss is one of the most important things you should know because this might prevent losing all of your funds. This is the common mistakes of the people they keep their funds with the exchange or their wallet and just having on their mind that this coin they hold might back from the top and take back their money is they keep holding this around the higher the chance they dig into too much loss. And if you are mentally able to know what's happen you don't even risk all of the money you have.  It's better to stop or cut your loss already before taking all of your investments.

[lixer]

Stop-loss is the guarantee that you'll be safe from huge losses but I don't think it is a need to do that when we are a full-time trader or when we are facing the computer. Maybe that late reaction isn't long enough for the price to dump 5% or 10% that we might miss...

The presence of a stop loss for a trader is a prerequisite for trading. Of course, there may be unforeseen circumstances that are beyond your control, such as a power outage or a short-term lack of internet. In such cases, if you trade with margin, with a sharp decline in the price, your position will be liquidated by the exchange.

I think stop loss is an automatic thing, so internet outage or power outage should not mean anything, you put stop loss into the system itself not into your computer or something. It means as long as the website continues, you are free to do whatever you want, if that wasn't the case stop loss wouldn't mean anything while you are asleep or eating or outside doing something basically whatever else you are doing as well and not just during periods when there is an outage.

Reality is that there is stop loss in many exchanges and you end up using that for spending time outside of crypto doing whatever you want without problem and that is how you end up getting better, you can be asleep, you can be doing whatever you want, there is zero worry, why? Because you can do whatever you want but that stop loss is there to protect your money for you.

[rosebrand]

Stop loss really helps in cutting loses when there is a massive dump in the market, stop loss is really essential if a trader isn't active to watch the trade closely, if a trader enters a trade the sets his stop loss and Maybe gets busy with something else then the market moves in the opposite direction and gets to his stop loss point immediately the stop loss will eventually cut the loss and close the trade. But it's better not to use stop loss if you are active and also got enough equity, most time when prices hits our stop loss after a little dump then a massive pump will occur, so its better if you got equity then no need for stop loss and also know the coin you trade with, make sure to trade with coin with good potentials.