HOW IMPORTANT IS STOP LOSS

[nurilham]

That's the purpose of stop loss. It is to stop any further losses that you cannot monitor if you're ever away from your PC or any trading device.

Yes. It is impossible to monitor 24 hours, the stop-loss feature really helps us to prevent big losses. If we don't use stop-loss, it will be very risky for our coins once they are still on open order but we are already not monitoring the coins. Mostly, the stop-loss feature is very helpful for traders, while for investors the stop-loss feature isn't really needed.

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[wayaneka]

Stop loss is important for trader to minimize the loss, but the problem is many trader doing trading activity on DEX that dont have feature of stop loss like in Uniswap and Pancake, so will be difficult to handle the high fluctuacion of the price. So to minimize the risk when i trade on those DEX, firstly i make analysis of the project by learn the fundamental of the project and do long term trading, like hold for 1-4 month. For daily trading, i did it on CEX like on Binance and Huobi that provide feature of stop limit and OCO that we can use it for stop loss and trailing stop.

[tbterryboy]

Stop loss is important for trader to minimize the loss, but the problem is many trader doing trading activity on DEX that dont have feature of stop loss like in Uniswap and Pancake, so will be difficult to handle the high fluctuacion of the price.

First time I'm hearing about DEX are lagging this kind of important feature. It means they are allowing only spot trading like only buying and selling at a available prices alone possible in those DEXes? I'm seeing a lot of hype is going in favor of uniswap and pancake but unfortunately they are missing out a very important and basic feature of trading.

For daily trading, i did it on CEX like on Binance and Huobi that provide feature of stop limit and OCO that we can use it for stop loss and trailing stop.

Limit order must the more important feature that we can make use in most of the reputed exchanges. I am also familiar and always going for trailing stoploss because after getting into profits, trailing stop loss is more important to protect our unrealized profits.

[Maslate]

That's the purpose of stop loss. It is to stop any further losses that you cannot monitor if you're ever away from your PC or any trading device.

Yes. It is impossible to monitor 24 hours, the stop-loss feature really helps us to prevent big losses. If we don't use stop-loss, it will be very risky for our coins once they are still on open order but we are already not monitoring the coins. Mostly, the stop-loss feature is very helpful for traders, while for investors the stop-loss feature isn't really needed.

And for those who wanted not to use this strategy, they better not trade when they don't have enough time to wait until the sell order will be filled. Because the purpose of this is to help traders not to lose all of their money but if we analyze it carefully, we are still at the losing ends. Very unfortunate, but that is how the trading works, either to use this or not, you can't still avoid the chances of losing.

[passwordnow]

That's the purpose of stop loss. It is to stop any further losses that you cannot monitor if you're ever away from your PC or any trading device.

Yes. It is impossible to monitor 24 hours, the stop-loss feature really helps us to prevent big losses. If we don't use stop-loss, it will be very risky for our coins once they are still on open order but we are already not monitoring the coins. Mostly, the stop-loss feature is very helpful for traders, while for investors the stop-loss feature isn't really needed.

It is the sole purpose why it has been added to make our trading activities easier. Very much used for those who have been trading and sometimes away from their keyboard.
And for the investors, you're right that it's not needed because most of the investors don't have to monitor it from time to time because everyone who says that he's an investor, expect him that he's in the long term strategy.

[nurilham]

for those who wanted not to use this strategy, they better not trade when they don't have enough time to wait until the sell order will be filled.

Yes, better to avoid putting the coins on open order if they don't have enough time for trading. Or if they want, they can use the stop-loss feature.

he's an investor, expect him that he's in the long term strategy.

True. As the investor, he or she must put a strategy for the long term. They won't plan to sell their coins in a short time. So, she or she doesn't need a stop-loss feature.

[passwordnow]

he's an investor, expect him that he's in the long term strategy.

True. As the investor, he or she must put a strategy for the long term. They won't plan to sell their coins in a short time. So, she or she doesn't need a stop-loss feature.

If some things have happened, an investor might have to sell a bit of it but they're going to make sure that he's able to back it up again and maintain his portfolio.
And that portion that has been sold will be put into good use. Investors won't just sell without any reason. But they're selling if there's an important thing to be used for that profit but later on will add up and back what was lost.

[cyriljundos]

it is important to know about stop loss when you trade. trading with strategies and techniques you must know before you may trade and avoid sort of losses and be efficient in trading. reading graphs and understanding the flow of alt coin is crucial when that specific coin you are trading is in dumping.

[xSkylarx]

he's an investor, expect him that he's in the long term strategy.

True. As the investor, he or she must put a strategy for the long term. They won't plan to sell their coins in a short time. So, she or she doesn't need a stop-loss feature.

Putting stop loss even if it is for long term is also good if you are able to set it properly. If the market dumps hard like in a bear market, you can buy a coin lower than the price you've bought during this bull season. Prices of cryptocurrencies during those seasons are really low that it is easy for an altcoin to increase 10x when it's bull season again. Stop-loss is very important because it decreases the chance of your portfolio of having massive loss for a long time and enabling us to buy more quantity at a cheaper orice.

[tygeade]

It is impossible to monitor 24 hours, the stop-loss feature really helps us to prevent big losses. If we don't use stop-loss, it will be very risky for our coins once they are still on open order but we are already not monitoring the coins. Mostly, the stop-loss feature is very helpful for traders, while for investors the stop-loss feature isn't really needed.

I don't think I disagree but I would say small traders who trade a single or a few coins should not use stop-loss because they can monitor the market and if they feel like the market is going down for a particular reason then it is better to hold and sit tight instead of selling is loss.

I remember I held my UNI swap tokens and I got the best price for them for my patience but if I was deterred by the early dump which happened when it got listed at exchanges then I might have not even got 25% value of the coins. If you are a trader who plays with a large number of coins and loses track then I would strongly favor using the stop-loss feature because it can be crazy tracking several coins all the time.

Remember in crypto fluctuations are obvious and very common so don't panic too quickly.

[jaberwock]

it is important to know about stop loss when you trade. trading with strategies and techniques you must know before you may trade and avoid sort of losses and be efficient in trading. reading graphs and understanding the flow of alt coin is crucial when that specific coin you are trading is in dumping.

Absolutely and we must not be emotional with any token we have. If the price is dropping then getting rid of it is not a bad idea. I mean, yes you believe in a project and expect the token to do well in the future, but if the market is crashing just sell them and later you can again buy them for a cheaper price.

Traders must not be emotional with their decisions because a trader being emotional is nothing more than a passive gambler. When gambler is having good self-control then they can easily follow all the basics of perfect trading which will definitely get them good profits consistently.

[Fatunad]

he's an investor, expect him that he's in the long term strategy.

True. As the investor, he or she must put a strategy for the long term. They won't plan to sell their coins in a short time. So, she or she doesn't need a stop-loss feature.

Putting stop loss even if it is for long term is also good if you are able to set it properly. If the market dumps hard like in a bear market, you can buy a coin lower than the price you've bought during this bull season. Prices of cryptocurrencies during those seasons are really low that it is easy for an altcoin to increase 10x when it's bull season again. Stop-loss is very important because it decreases the chance of your portfolio of having massive loss for a long time and enabling us to buy more quantity at a cheaper orice.

Does depend on what you do prefer because not all would really be willing on waiting like forever whenever the price would able to make some recovery unlike when your stop loss been hit
or triggered then that would already be considered as a lost which means you would need to compensate but whatever you would do neither having stop loss or doesnt have the important thing
is that you do able to make profits no matter what kind of method you've been using and this should really be prioritized.
Use all sorts of indicators or tools which would really be beneficial on your part.

[TheGreatPython]

Stop loss is important for trader to minimize the loss, but the problem is many trader doing trading activity on DEX that dont have feature of stop loss like in Uniswap and Pancake, so will be difficult to handle the high fluctuacion of the price. So to minimize the risk when i trade on those DEX, firstly i make analysis of the project by learn the fundamental of the project and do long term trading, like hold for 1-4 month. For daily trading, i did it on CEX like on Binance and Huobi that provide feature of stop limit and OCO that we can use it for stop loss and trailing stop.

I don't have vast experience with DEX but yes this might be a concern because DEX are already less user-friendly as compared to centralized exchanges and these features might not exist as you said and then on top of all there are some crazy ethereum transaction fees too. Maybe that is why despite knowing all the danger that comes with centralized exchanges, I still prefer Binance.

[cryptolord2077]

The market is too manipulative. Most coin prices, including Bitcoin, are driven by a horde of bots. Ask traders how often their stop losses are knocked out and the price immediately goes up, then the stop loss is knocked out at the top and the price goes down, and so on endlessly. To work with stop loss, you first need to understand how sharks work in the market.

[devollito]

Got in a discussion with a friend that recently started learning Technical Analysis and then he said he trades without using stop Loss. I told him no good trader trades without stop Loss. I tried to explain to him about the volatility and how trades can go against you especially as a new newbie and you can lose heavily. He seems adamant and I decided to leave him maybe he will learn from his own mistake if it happens. It seems there are also many traders that trade without stop Loss and I wonder how they do it conveniently.

Please share your views on how important stop Loss is and how convenient it can be to trade without stop Loss.

Stop loss very important for daily trader so they can manage their risk and did not lose all tgeir money in one trade. They also usualy did not hold or doing swing trade. Time is very important for daily trader thats why they use stop lost if there are mistake in their prediction.

[passwordnow]

Stop loss very important for daily trader so they can manage their risk and did not lose all tgeir money in one trade. They also usualy did not hold or doing swing trade. Time is very important for daily trader thats why they use stop lost if there are mistake in their prediction.

Or if there's a sudden market swing and dump that they didn't expect. That's why stop loss is a feature that helps everyone to avoid huge losses which have been happening for so many traders. They're forgetting to use this feature so that when their trade goes wrong, they would only have around 1%-5% of losses. And that's the percentage that most of the traders do and sometimes there's also a stop loss of 10%, depending on how much the trader sets it.

[conected]

Stop loss very important for daily trader so they can manage their risk and did not lose all tgeir money in one trade. They also usualy did not hold or doing swing trade. Time is very important for daily trader thats why they use stop lost if there are mistake in their prediction.

Or if there's a sudden market swing and dump that they didn't expect. That's why stop loss is a feature that helps everyone to avoid huge losses which have been happening for so many traders. They're forgetting to use this feature so that when their trade goes wrong, they would only have around 1%-5% of losses. And that's the percentage that most of the traders do and sometimes there's also a stop loss of 10%, depending on how much the trader sets it.

- Too big stop loss levels are only for potential projects and have strong recovery after wobbles, usually experienced investors and traders will go in this direction, they know the market is threatening only temporarily, early stop loss will make them lose their ideal price. For surf projects and not too promising, the range of stop loss is as you said, relatively short to minimize risk and besides, we will have more time to arrange and prepare for a period of entry in a wobbly market, this is the advantage of those who know how to stop loss

[kawetsriyanto]

I am not a future trader, just a spot trader. So far, I have no problem in trading although I never used stop loss. In my opinion, stop loss is a must in future trading but it is optional for spot trading. However, it can be different for another one, I don't say it can be applied generally. I only think as a spot trader, I can trade well even not using the stop loss feature. While for other traders, stop loss may be a must because they have no much time to monitor crypto market. So, they need stop loss to avoid a possible huge loss.

[stomachgrowls]

-Most investors can benefit from implementing a stop-loss order.

-A stop-loss is designed to limit an investor's loss on a security position that makes an unfavorable move.

-One key advantage of using a stop-loss order is you don't need to monitor your holdings daily.

-A disadvantage is that a short-term price fluctuation could activate the stop and trigger an unnecessary sale.

Source

You should know on how to use stop loss because it would eventually depending on what kind of trading you've been dealing with.

[Kong Hey Pakboy]

The market is too manipulative. Most coin prices, including Bitcoin, are driven by a horde of bots. Ask traders how often their stop losses are knocked out and the price immediately goes up, then the stop loss is knocked out at the top and the price goes down, and so on endlessly. To work with stop loss, you first need to understand how sharks work in the market.

It's not like it's that difficult to understand how sharks work but you can always read indicators and you can learn how to do a good trading as time goes by and you continue trading. I think even if the market is manipulative, stop loss still has it's place on the market, it's your defense against big bleedings when the market is red.