HOW IMPORTANT IS STOP LOSS

[perfect999]

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.

Even after getting well aware of usage of stoploss, I believe it is completely a blunder mistake if you're still going for your trading without stoploss. I mean you may go trading without stoploss orders until you are not aware of the need of stoploss but once you come to know its usage then you should make use of it all the times. It means you should not underestimate the benefits of going for stoploss orders for our trades.

As per some of the people of this forum who are all experts in crypto trading, stoploss order is not only for cutting your losses earlier but it is also for the purpose of saving your time so that you will get chances to recover your losses as early as possible in upcoming trades.

[Mahanton]

i am be one of traders that take benefit by using stop loss. i am just worry if suddenly there is spike candle  based on traders experience in the past.
using money management diciplinely really make us profesional trader. no matter how many transaction hit stop loss, but as long as risk and reward ration setted well, we could stand longer in market.

Stop losses could neither be useful or not into someones been trading because even though this is important but there are type of traders which do see this indicator to be non relevant at all because they are going for swing trades and when they get negative then they do simply just wit up for recovery
because you wouldnt lose anything if the stop loss wont be triggered or you havent put one at all and this is why some would be saying that this one is
quite irrelevant.
but overall specially if you do make out some scalping then stop loss is really very important and also if you are a trader who do goaway from your pc and wont check out from time to time then these tools are useful.

[sr32703]

Always try to use stop loss for avoiding big losses because no can't know how market treats so for minimizing your big losses must be used stop loss.

[taufik123]

The use of a stop loss will provide security for the capital used, because the stop loss must have been set what percentage of the loss must be cut to stop even greater losses when the market is suddenly bearish. I usually determine in advance what percentage of profit to get and risk management by using stop losses to stop losses.
It is important or not to use a stop loss depending on the individual trader or depending on the strategy being used. but for me it is very important.

[Freeveto]

I will say that trading  with stop loss is good to an extent and not often good because I have tried both of them.
Good when your analysis are wrong, it will save you from blowing your  entire account. While not often good in some cases where  it stops you  out and still continue in same direction.

[LUCKMCFLY]

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.

I agree, in fact, in these moments that have been very full of total uncertainty, the loss of stop is the best lifeguard that can be used, in fact, it is the safest way to do trade, because in case of market is in our favor, what should be done is to move the stop loss to follow the management of the profits, otherwise, if it reaches the loss of stop, what should be done is to assume the loss, the loss of the stop It is essential in these times and operations with the use of stop loss, it is the most intelligent to enter the market, I believe that when there is uncertainty in the market is ideal for the mandatory use of stop loss.

[Kelvinid]

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.

I agree, in fact, in these moments that have been very full of total uncertainty, the loss of stop is the best lifeguard that can be used, in fact, it is the safest way to do trade, because in case of market is in our favor, what should be done is to move the stop loss to follow the management of the profits, otherwise, if it reaches the loss of stop, what should be done is to assume the loss, the loss of the stop It is essential in these times and operations with the use of stop loss, it is the most intelligent to enter the market, I believe that when there is uncertainty in the market is ideal for the mandatory use of stop loss.

Maybe we can say is that it saves us from losing it big but since it was stop-loss, means that we are still losing in a few bucks. I know it was a helping strategy for a trader but I suggest if there is a way not to use it, much better. That is why TA's is very important, this could help us to avoid using a stop-loss strategy, I didn't push myself to put in trade if the situation is not good. Maybe we have to wait until the moment is in a favorable situation.

[Xinarae*]

Stop loss is very important to avoid risk when a trader has a lot of risk for trading and is not able to understand anything about the market properly. Trading stop loss order helps us to trade in the stock market with discipline it is a kind of stop loss order that helps to combine both risk management and trading management. This is one of the most difficult decisions traders can make when deciding on a profit and when to reduce a loss stop loss on the other hand is a good decision to protect your own funds.

[zanezane]

It's important like your life because it's in the name already, it stops you from losing although you are still on the loss if this activates but the worst has already come for you because the purpose of stop loss is to help you prevent a really big loss, kind of like you are bleeding and then you put a pressure on that bleeding and the bleeding stops.

[viananda2525]

I will say that trading  with stop loss is good to an extent and not often good because I have tried both of them.
Good when your analysis are wrong, it will save you from blowing your  entire account. While not often good in some cases where  it stops you  out and still continue in same direction.

its should be a problem when your position stopped and market still continue parallel with your position. we never know its just trapped or not, as a traders we must accept this think which is already planned before. when our position stopped , we must re-analize market and make sure we could to avoid making same mistake.

[SaveOurSea]

Stop lose = save Lives, yes this is my opinion about stop lose, because if you know the importance of stop lose then you will always apply it,
because in crypto trading, stop lose is used so you don't lose a lot, and don't lose capital, stop lose of course not only in crypto,
but in Forex and stocks, stop losing is also important, so, if you trade then use a stop loss

[jossiel]

Stop lose = save Lives, yes this is my opinion about stop lose, because if you know the importance of stop lose then you will always apply it,
because in crypto trading,

It's a feature that will definitely save you whenever the market goes a downtrend as quick as it is.

stop lose is used so you don't lose a lot, and don't lose capital, stop lose of course not only in crypto,
but in Forex and stocks, stop losing is also important, so, if you trade then use a stop loss

That is in every market so that it can help every trader to save themselves whenever a sudden correction has happened. And even if you're sleeping, you can stop your losses.

[dezoel]

It's important like your life because it's in the name already, it stops you from losing although you are still on the loss if this activates but the worst has already come for you because the purpose of stop loss is to help you prevent a really big loss, kind of like you are bleeding and then you put a pressure on that bleeding and the bleeding stops.

Right, it prevents loss but it also ends any possible recovery that might have happened if you didn't force a stop loss in the situation. The crypto market is volatile and stop-loss although important doesn't always work in your favor because the market will move and will trigger stop loss and then the market will move back to the original price.

I think stop-loss is important if you are trading coins you never analyzed and purchased only in hope or hype. If there is a coin you analyzed and bought then don't really see the need of using stop-loss because the coin should recover its value with time.

Stop lose = save Lives, yes this is my opinion about stop lose, because if you know the importance of stop lose then you will always apply it, because in crypto trading, stop lose is used so you don't lose a lot, and don't lose capital, stop lose of course not only in crypto, but in Forex and stocks, stop losing is also important, so, if you trade then use a stop loss

Not that I don't agree but sometimes patience can be rewarded, recently when BTC dropped everyone who had a stop-loss set would lose some amount but those who didn't can still hold tight and let the market recover.

[ahoenk]

Stop loss important to daily trader. Or people who enter matket with more then 30% of his portofolio so he can buy back when the matket down. If you enter the market especialy for Bitcoin just buy 10% of all your saving then do DCA.

I never use stop lose when i trade in crypto market, the reason is " Crypto market is too volatile ".

[Cryptoababe]

I dont set stop loss When i trade with very low leverage and most time, i don't over trade.
But stop loss is very important for a very good trader when you notice that the market is going wrong and passed more than expected support or resistance level.

[dmamigo]

Newbies or learners like me obviously require to use the stop loss feature while trading in order to prevent losing more than we can afford at the early stage. I think it is important because personally, it was affecting me psychologically as I was losing more and this made me stop trading for a few weeks.

[boyptc]

Newbies or learners like me obviously require to use the stop loss feature while trading in order to prevent losing more than we can afford at the early stage. I think it is important because personally, it was affecting me psychologically as I was losing more and this made me stop trading for a few weeks.

Stop loss is very important to traders.

For HODLERS, you don't mind about stop loss because you don't do day trading.

But for traders, it's a must if they convey their profits from day to day living. If they've got a 1%-5% stop loss, that won't hurt them and they can win more with their next trades.

[LUCKMCFLY]

Well yes, although the only option I see is, if the price goes down and we don't have a stop loss, we would have to wait as long as necessary until the price goes up to recover and if it goes up even more we could get more profit, but those movements They usually happen very slowly, it can even last up to 1 year, however there are many who enter a position with the opposite leveraged, that is, if you enter LONG, another order is placed short and leveraged at the same time in case it goes away the market against, a very peculiar and very risky technique.

[Rajamuda]

In my opinion in essence.. apart from learning many things in terms of trading, we really have to be able to control ourselves/control our emotions and sometimes we are too ambitious to be something not good in trading.
the term stop loss is very important of course and if not.. it's like playing too risky that can make fail.

[Roy Asher]

In the cryptocurrency market, most investors will have panic and greed for their own interests, especially the latter, which makes them profitable and slowly turns into losses. Due to the instability of the cryptocurrency market, once it is below my stop loss level, I will directly reduce my position and sell without hesitation. This is to minimize losses, not to mention being blind, without independent opinions, and without the ability to judge. It is a very dangerous thing. Although it is difficult to stop loss, it is actually the most reasonable approach.