HOW IMPORTANT IS STOP LOSS

[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.

- 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

They really are going to expect a loss because they're using a stop loss. An early stop loss is a good strategy to avoid further losses that may come to them and if it happens to recover that quick, they'll just have to set another plan of recovering the little that they've lost.
It's better to have that stoppage plan at the beginning and lose a small amount rather than waiting for that recovery which they don't know how long it will take. Day traders choose to lose a small amount for stop loss and will just go onto another trade for the recovery and profit.

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[Zoophytology]

If I trade without leverage(long-term), I will trade without stop loss because it can hit my SL and then go to TP after a short time.

[GelatikKembar]

if you ask about the importance of stop loss, of course it is very important, because stop loss has a purpose so that we don't lose 100%,
I have traded and lost almost 1000, because I put a stop loss, I lost only 500, yes even though it was a loss,
but my loss is not 100%, use stop loss if you trade anywhere the exchange

[Vaculin]

if you ask about the importance of stop loss, of course it is very important, because stop loss has a purpose so that we don't lose 100%,
I have traded and lost almost 1000, because I put a stop loss, I lost only 500, yes even though it was a loss,
but my loss is not 100%, use stop loss if you trade anywhere the exchange

Well, if there is a way to avoid losing our money in trading, I definitely not use this strategy because even though we say it helps to avoid a huge loss but still to consider a loss of our ends which I think was not a good idea. But unfortunately, we can never find any and this give no choice for the traders especially when they put their trades already and have no time to monitor it.

[ultrloa]

if you ask about the importance of stop loss, of course it is very important, because stop loss has a purpose so that we don't lose 100%,
I have traded and lost almost 1000, because I put a stop loss, I lost only 500, yes even though it was a loss,
but my loss is not 100%, use stop loss if you trade anywhere the exchange

Well, if there is a way to avoid losing our money in trading, I definitely not use this strategy because even though we say it helps to avoid a huge loss but still to consider a loss of our ends which I think was not a good idea. But unfortunately, we can never find any and this give no choice for the traders especially when they put their trades already and have no time to monitor it.

Actually it helps especially if you are losing to much and want to find a best position again to regain your losses byt if you have enough money to buy again at cheap rate then doing this is actually not necessary since your right you will end up losing if you do so while if you have spare you can just buy another and let those bought at the peak bag hold for a while from this you can possibly avoid losing without touching the one you bought first.

[Mkmanik]

If you are a trader, You need to use a stop loss. It's to CUT the loss. If your trade goes wrong, you will be fine if you are using a stop loss. If you did not set up stop loss and trade goes wrong your trade entire position will be liquidated(at leverage) or at the spot, you will be at a huge loss. We know, at crypto we can get 50% or pump dump at a single day. So stop loss is a way to cut the loss. If you want to know more about stop loss you can read this thread: https://twitter.com/EmperorBTC/status/1402300131127398406?s=20

[william_mathews]

STOP LOSS is the most important factor that traders need to follow to minimize losses.

Crypto traders use a stop-loss order to sell an asset when the price reaches a specific point. These orders are designed to limit the loss of a trading position if the market goes south or the predictions fail.

Many traders use it only with long positions, but professionals have started to use them to protect short positions too.

The primary benefit of using stop-loss is that you don't need to monitor the market constantly. If the crypto’s price hits the stop-loss percentage, your trade order is executed automatically.

It’s a common yet essential tool that takes emotions out of the play. By setting effective stop-loss percentages, traders protect their funds from critical situations.

[BlackFor3st]

Some of the people I know that was trading does not aware of the stop loss and its importance, the stop loss is one of the most important feature in market since with this you would be able to enter and exit market or avoid crash automatically or without looking at the market most of the traders use this to avoid the instant crash of the market.

There are some other good features on some exchange not just stop loss but both stop limit and stop loss. With this you would take profit or stop loss automatically.

[BuNga_cute]

If you are a trader, You need to use a stop loss. It's to CUT the loss. If your trade goes wrong, you will be fine if you are using a stop loss. If you did not set up stop loss and trade goes wrong your trade entire position will be liquidated(at leverage) or at the spot, you will be at a huge loss. We know, at crypto we can get 50% or pump dump at a single day. So stop loss is a way to cut the loss. If you want to know more about stop loss you can read this thread: https://twitter.com/EmperorBTC/status/1402300131127398406?s=20

It is very important to use the stop-loss feature when trading crypto, very volatile crypto prices can fall very deep and make our capital run out
if we don't use the stop-loss feature. Most people when trading crypto will definitely make mistakes and that will make us lose. Actually we
experience losses in crypto trading is a natural thing and must happen to all traders, but not everyone experiences the same percentage of losses.
If we don't use a stop-loss, it is very possible that the losses we experience are very large, because we do not always monitor the market 24 hours.
It means we don't know how much loss we will experience. But the stop-loss feature helps us set the percentage of losses that we are ready to accept.

[DarkDays]

Some of the people I know that was trading does not aware of the stop loss and its importance, the stop loss is one of the most important feature in market since with this you would be able to enter and exit market or avoid crash automatically or without looking at the market most of the traders use this to avoid the instant crash of the market.

Despite the importance of a stop loss, I find it ridiculous how some exchanges like Gate for instance does not have that feature.

Yes, stop losses are of great importance in crypto because the markets are so volatile. It is usually used to prevent major losses and at times to help capture the momentary price spikes.

[Inspiron14]

Some of the people I know that was trading does not aware of the stop loss and its importance, the stop loss is one of the most important feature in market since with this you would be able to enter and exit market or avoid crash automatically or without looking at the market most of the traders use this to avoid the instant crash of the market.

There are some other good features on some exchange not just stop loss but both stop limit and stop loss. With this you would take profit or stop loss automatically.

For me personally, what is very important is the stop loss feature, I know the stop limit is very helpful,
but the use of the stop limit is not required during a bullish market, and indeed stop losses must be installed when trading starts,
or when open positions on an exchange, yes if not then you may lose a lot of money

[sedahan13]

Many trader including me ignored to use stop loss, that why nowaday I loss more than 50%. I just thinking in bull market, stop loss is no need and dont have any benefits to us because the stop loss can be triggered then the price keep going up. Decision to not use stop loss is very big mistake, because in crypto, the market can be dump just afew hours and then we can not handle it because while that happen we are doing others activity.

[boyptc]

Everyone who wants to earn at trading need to use stop loss since market is so volitale. It's simple like that.

It's also effective to help newbies.

They can avoid further loss and emotional breakup if they're going to use it. The market's volatility cannot be controlled and by having this set, they have an idea that once their stop loss has been met, they can formulate another strategy how they will going to react with such.

[S4VV4S]

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.

Just leave him with his trading style , because not everyone will experience a loss with a stop loss . He just needs time to learn by his own experience. The most important thing is that our duty as a friend has been done to just remind us. The rest let him determine his own style. And I'm sure he will understand and start to learn from all his experiences

[sujonali1819]

How much important the STOP LOSS feature is depend on the individual trader. If anybody can proper use of stop loss then it's very important for him. For example Some buy a coin with a prize after waiting for 1-2 even more days waiting to fill the order. This time the stop loss feature should be active because there is very lower chance to go down the coin since he brought it after waiting for some days to fill the order.

And some user like me who has not any patient to do wait for buy a coin in cheap prize. In this case if I set stop loss 5% then it's really can go more that 5% down in short period when I buy it with panic and I could lose 5% instead of getting profit. 

So in one world it actually depend on the trader how much properly they use it.

[angrynerd88]

I believe its a great tool helps you to minimize the loss if your trade going opposite to your strategy. Utilizing the SL include to diminish misfortunes must moreover pay consideration to the rules of back and resistance. But everybody is diverse, a few are based on introduction, a few are based on cost. Possibly usually broadly utilized by Long term trading , to maintain a strategic distance from market fluctuation.Most of professional traders must suggest to use SL in long term trading but should use every one little kind of negligence can result huge losses.

[Eureka_07]

If a trader wanted to limit his losses to a trade or position, stop loss is very important. The trader should just have to accept its cons such as it is still possible for the market to go up after you stop loss, this on the other hand, makes you not lose all of your funds.

[andriarto]

If a trader wanted to limit his losses to a trade or position, stop loss is very important. The trader should just have to accept its cons such as it is still possible for the market to go up after you stop loss, this on the other hand, makes you not lose all of your funds.

indeed we often experience after a stop loss is hit and the price goes up again. but I think we have to be disciplined about the framework that we have created before. And one more thing, don't be stingy about placing your stop loss, you have to place it in a loose position, so that there is room for the market to move

[feelideb]

Stop loss have saved me from sudden dip in price of bitcoin, it has also prevented me from taking advantage of sudden increase in price as well! Stop loss is life-saving tool in volatile cryptocurremcy market! Stop loss has it's disadvantages as well but it's advantage outweigh it's disadvantage!! Most centralized  cryptocurrency exchange provide stop loss tool but now, we are seeing decentralized exchange provideing stop loss on their AMM swap! Now you have the option of using stop loss in a decentralized exchange and that take away the risk of your money been trapped in a centralized exchange!

[Desmong]

Stop lose is a very important aspect in trading used to avoid unnecessary loses. It is a way of preventing loses that are inevitable and unconsciously known to a trader. This has really helped me a lot, by preventing further loses in trading. It also has it advantage and disadvantage.

Sometimes when I take a trade without stop lose, I'm always skeptical about the outcome of the trade because their is high tendency of the trade not correlating with my analysis due to fear of high loses. But I'm always surprised when the trade falls to my direction of trend but in all, stop loses is very good initiative and it's a way of maintaining risk management in trading.