awik p
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April 26, 2021, 05:46:57 AM |
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For a trader, especially in the short term, I don't think it would be wise to trade without stop losses, even though there are those who don't use stop losses, but usually they always monitor the market and make cuts when needed.
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rhodelmabanal
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April 26, 2021, 06:53:45 AM |
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For a trader, especially in the short term, I don't think it would be wise to trade without stop losses, even though there are those who don't use stop losses, but usually they always monitor the market and make cuts when needed.
Basically many traders use stop loss, but there are also traders that is hard headed and never use stop loss even if it is advisable to do so. I believe that a newbie need to use stop loss to avoid losing a huge capital or asset, trading is good way to earn but if you dont listen to expert that has a big experience on the trading field then goodluck for your loss.
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EiKaGlaShPriSAThWEl
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April 26, 2021, 08:30:55 AM |
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I have a thread before about stop-loss - One of the Best Weapons in Trading. It shows how really important stop loss if you are doing trades. For me, stop loss likely a saviour, especially if you are doing futures market, it will help to avoid liquidation. And addition, using stop loss should also come with risk management, like risk:reward ratio, your stop-loss should come with a good risk:reward ratio. Some people are telling that stoploss is a trap, since probably most of them are being stoploss hunted on every trade position there, but they don't appreciate the usefulness of it. In the long run, you will appreciate why stop-loss is very important. I am not sure if every trader is aware of this because I know there are lot of traders that losses big amount of money in trading. But I agree that stop loss is very important. I think the only hindrance to this is if the trader does not know at where or at what point they are going to stop or cut their losses due to lack of knowledge on price charts/ price directions. Will the price go down or will it go up ? Or let us say that he is new to trading so he think that he will regret if he cut his loss now then on the next days its price may pump so he can probably earn instead of lose.
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Sled
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April 26, 2021, 09:42:47 AM |
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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.
I actually use this strategy but not very often. Because if you are in full-time trading, it doesn't make sense since you are on your computer almost every minute or an hour. What makes this stop-loss applies when you feel that the market will dump and you are not able to monitor it. But maybe, it was not my style (as mk4 said) and that is why I'm not having fun using this. But if you are just a newbie, this could be important, and this could help them not to lose their money in a very short while.
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imran101
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April 26, 2021, 09:46:38 AM |
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If you’re serious about staying in the game in the long run and growing your trading account, it’s necessary to use stop-loss orders in every single trade you’re taking. That’s the first rule of this article – Always use stop-losses!
Stop-losses also play a major role in risk management. Depending on their stop-loss, traders are calculating what position size to take, how much money to risk on a single trade, how much they’re risking on any single dollar they’re making, and much more.
We’ll go into much more detail on how to incorporate stop-losses into your trading strategy later in this article. Now, let’s go through the main types of stop-loss orders you need to be aware of.
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Shasha80
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April 26, 2021, 10:05:55 AM |
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For me stop-loss is a feature that must be used when trading, because it can save me from experiencing big losses. As we all know the crypto market is very volatile, so the price could suddenly dump. Moreover, I am sometimes busy with my work in the real world, so my time is very limited to monitor the price in the market. Therefore, without a stop-loss, maybe I could lose a large amount of my capital. Perhaps the traders who don't use their stop-loss feature are full time traders, who frequently monitor price movements in the market.
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tvplus006
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April 26, 2021, 12:19:16 PM |
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Basically many traders use stop loss, but there are also traders that is hard headed and never use stop loss even if it is advisable to do so. I believe that a newbie need to use stop loss to avoid losing a huge capital or asset, trading is good way to earn but if you dont listen to expert that has a big experience on the trading field then goodluck for your loss.
If you use borrowed funds, then you should not have the question of using a stop loss, because in this case, its use is mandatory. For those who trade on the spot market, the use of a stop loss is not mandatory, and if the market goes in the opposite direction from your expectations, you will be able to close a losing order yourself.
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sarmrakib
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April 26, 2021, 01:57:04 PM |
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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.
You said really well that a professional trader always use stop loss .Its a great option to decrease your losses and give you a high ratio profit always .I think your friend may be don't have much knowledge behind that .He will surely learn it when he will make a huge amount of losses may be he can lost his everything .Its very good to know that you have this idea and you can apply it .
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Ziskinberg
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April 26, 2021, 02:25:59 PM |
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snip~
You said really well that a professional trader always use stop loss .Its a great option to decrease your losses and give you a high ratio profit always .I think your friend may be don't have much knowledge behind that .He will surely learn it when he will make a huge amount of losses may be he can lost his everything .Its very good to know that you have this idea and you can apply it . We are not going to argue if someone does this strategy or not, it was their choice and who knows if they are also comfortable without this thing. This stop-loss strategy is just an option to save from losing a huge amount but if we analyze it thoroughly, we are still at loss. That is why some people don't make themselves at ease with this but they choose to have their own of way winning against losses.
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DarkDays
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April 26, 2021, 03:51:54 PM |
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Without a doubt, placing a stop-loss can save you when the market moves suddenly in any one direction.
While this is the case, many still don't know how to use it or don't really understand the benefit and go without. It is also a personal choice to use stop-loss in trading.
What I'd like for others who don't use stop-losses to take away from this is that most good traders take full advantage of this, so why shouldn't you??? Something to think about...
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doctor877 (OP)
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April 26, 2021, 05:08:27 PM |
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I have a thread before about stop-loss - One of the Best Weapons in Trading. It shows how really important stop loss if you are doing trades. For me, stop loss likely a saviour, especially if you are doing futures market, it will help to avoid liquidation. And addition, using stop loss should also come with risk management, like risk:reward ratio, your stop-loss should come with a good risk:reward ratio. Some people are telling that stoploss is a trap, since probably most of them are being stoploss hunted on every trade position there, but they don't appreciate the usefulness of it. In the long run, you will appreciate why stop-loss is very important. You are very right. The stop Loss hunt is the reason why many traders don't use it because after their stop Loss is hit the trade will now go their predicted way. Some people don't know how to read charts and where exactly to place a stop Loss. Have been there and I know the common mistakes they make. Up till now some trades will still hit your stop Loss either you are a newbies trader or pro, the success rate is what is important and it will save you from further liquidation especially in futures.
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doctor877 (OP)
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April 26, 2021, 05:12:59 PM |
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snip~
You said really well that a professional trader always use stop loss .Its a great option to decrease your losses and give you a high ratio profit always .I think your friend may be don't have much knowledge behind that .He will surely learn it when he will make a huge amount of losses may be he can lost his everything .Its very good to know that you have this idea and you can apply it . We are not going to argue if someone does this strategy or not, it was their choice and who knows if they are also comfortable without this thing. This stop-loss strategy is just an option to save from losing a huge amount but if we analyze it thoroughly, we are still at loss. That is why some people don't make themselves at ease with this but they choose to have their own of way winning against losses. Everyone is at liberty of choice in stop Loss usage. People who have a large stop Loss limit most likely will not want to always use it especially if their stop Loss is hit and trade goes their way. It's always painful. They will rather leave the trade and watch it closely.
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repear7
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April 26, 2021, 05:39:24 PM |
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Honesty, I stop using Stop Lose. Sometimes I miss good profit for stop loss. Stop loss can protect you from high loss, But sometimes your coin will solded for stop loss, then pump again. And that's why i stop using stop loss.
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doomloop
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April 26, 2021, 05:53:12 PM |
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Please share your views on how important stop Loss is and how convenient it can be to trade without stop Loss.
Very, very important ![Cool](https://bitcointalk.org/Smileys/default/cool.gif) . But you’re not the only one that have seen such people who are going to argue that stop loss is of no importance, and you did the best thing by letting your friend be, just let him do whatever he wants to do, that’s completely his own business and it has nothing to do with you, but don’t feel sorry for him if he comes later to tell you stories (that’s if shame is going to let him). I have seen people who don’t use stop loss, I don’t bother asking them why or pressuring them to make use of it, it’s their choice and they can go with it. Stop loss is very important because it helps we traders to stop huge and uncontrollable losses that can happen in this volatile market. If someone says otherwise, then it’s their business, not mine ![Huh](https://bitcointalk.org/Smileys/default/huh.gif) .
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shield132
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April 26, 2021, 07:02:21 PM |
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You have to stop loss, right? So, by any means, it's very important. Or at least if you think that price will fall and are afraid, then sell short on futures trading.
Btw in reality, there are two things: If you are long term holder, I mean if you can hold your coins for at least for 4 years, then, you don't need to use stop loss function (but still always better to use), even if you buy at 60K because bitcoin will reach its all-time high after halvings.
And if you are a person who prefers day trading, then set stop loss function on some % movement or otherwise I believe you'll hold a little bit more and sell in time when everything is going to move from fall to rise.
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Mahanton
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April 26, 2021, 07:42:40 PM |
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Please share your views on how important stop Loss is and how convenient it can be to trade without stop Loss.
Stoploss could really be a helpful tool for those who do trade on very active manner but not for those who do tend for long term aspect or those swing traders because they are just depending or waiting up for some recovery rather than on making some stop loss which would really be considered a total loss once it had been triggered out not like when you are just having some open position then you would matter on the price volatility but somehow this might result into a longer waiting game since we know that it isnt known on when the price would really be making out some recovery but for scalpers then stop loss is really important.
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posi
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April 26, 2021, 10:56:30 PM |
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Please share your views on how important stop Loss is and how convenient it can be to trade without stop Loss.
People consider cryptocurrency trading to be similar to gambling which I also agreed and they can be both frustrating at some point so the trader will need to take some time off or when making market decisions become a problem that's when stop loss comes in. Therefore, stop-loss strategy is very important in crypto trading but some traders seem not to understand the benefit of it but traders that love to secure position in terms of capital gain and daily holding while not online or when the market next momentum is not certain to make use of stop-loss
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Nanda Dewi277
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April 26, 2021, 11:35:08 PM |
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For a daytrader, stop loss is very important in order to stop the loss at a certain rate and then use it to get profits from other coins anymore, If it is about the coin for investment, I personally don't set the SL or CL. This is only for certain coins that I play with some suggestions. So And you may also see the importance of the security season and also there are some ways to stop loss that can really help to manage the lost money. You may read this article, this is very clear and also interesting: https://mytradingskills.com/stop-loss-trading
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sumant
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April 27, 2021, 02:04:13 AM |
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A stop-loss order is an excellent order that allows you to stop a trade if it moves to a certain level. Its benefit is that it prevents further losses and is also an important approach to manage risk. The only drawback is when it is executed and then the financial asset reverses. If you like to be a good trader then you should understand about stop loss. It saves your money to not get huge loss. So for a good and profitable trading stop-loss should be used.
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