HOW IMPORTANT IS STOP LOSS

[Cherylstar86]

Stoploss can help you to save your positions from getting liquidated. I got liquidated twice 100usd each.
No one can predict the exact price movement. So if you dont want a stoploss you are gambling your money.

Stop loss is very important if you want to trade wisely. Stop loss saves me from losing more money, and this one works for me but of course you need to have your own strategies and techniques to manage everything. If you don't know what to do when the market dumps, better not to panic and assess your strategies or look for other way that fits on your trading style. Some don't use stop loss at all but they still remain profitable because they are buying at the bottom price and sell at the peak price. Since market price is not stable, stop loss is the best way to manage your losses.

[wildan88]

One of the most basic tools yet one of the most important tools in trading. There's a lot of traders that doesn't consider putting a stop loss they only think that once they enter a trade they are going to have a profit which is not. That's why we are doing a technical analysis is to know the possible take profit and of course possible loss.

[South Park]

Oh bor stop loss is everything. When i am trading stop lose is hurting me but without it i am dying anyway. If you are not using stop loss you will lose your funds one day for sure. but i have to say that in bull season it can be really hearthbroken.

It hurts to see yourself stop loss.

But it's a better thing that you stop your losses before you lose all that you've got. It's a common strategy that every traders know and if you don't know how to do it.

or you're not a fan of it, you better teach yourself or experience how it is to stop loss.

That is the thing with the stop loss, many people do not really appreciate it because unlike other tools and skills it does not really help you to make money and instead it is a defensive tool that gets you out of the market at a predetermined position, however its value is immense, a trader that does not use a stop loss is going to have a lot of problems becoming profitable as it is almost impossible that at some point they will not make a mistake from which they lose a fortune and then it becomes impossible for them to recover it.

[boyptc]

Oh bor stop loss is everything. When i am trading stop lose is hurting me but without it i am dying anyway. If you are not using stop loss you will lose your funds one day for sure. but i have to say that in bull season it can be really hearthbroken.

It hurts to see yourself stop loss.

But it's a better thing that you stop your losses before you lose all that you've got. It's a common strategy that every traders know and if you don't know how to do it.

or you're not a fan of it, you better teach yourself or experience how it is to stop loss.

That is the thing with the stop loss, many people do not really appreciate it because unlike other tools and skills it does not really help you to make money and instead it is a defensive tool that gets you out of the market at a predetermined position, however its value is immense, a trader that does not use a stop loss is going to have a lot of problems becoming profitable as it is almost impossible that at some point they will not make a mistake from which they lose a fortune and then it becomes impossible for them to recover it.

Traders or new investors have to realize that there's the opposite of making profit.

And that's losing and if they're not good at it, they should stop loss to practice how it goes and avoid bigger loss. They really don't appreciate such feature if they're not really on it.

[Coiriel]

To underestimate the function of a stop-loss, many were lost where they could, protect themselves, bypass certain risks.

[Karish2return]

Stop loss is very important in trading as most of the traders use stop loss because they wanted to prevent theirselves from loss and getting more benefit as well. So, for newbie it is also important and they have to use it for their trading. It is easy to use and prevents everyone from getting into more loss.

[dimonstration]

Stop loss is very important in trading as most of the traders use stop loss because they wanted to prevent theirselves from loss and getting more benefit as well. So, for newbie it is also important and they have to use it for their trading. It is easy to use and prevents everyone from getting into more loss.

In general, Yes it is commonly use to prevent loss but it's specific role was an escape plan once the TA of a trader went go wrong. Usually they setup stop loss near notable prices like support,resistance, fibo level and ema/ma line. Understanding it's specific use is better than having a general knowledge on it.

[Rehan Zakir]

You are saying right that stop loss is a part of trading. Professional traders must places stop loss when they take a trade. Because stop loss triggered when you feel you can book that loss. In future trading, stop loss is a necessary part of trading. If our trade goes wrong from our direction then it can liquidate our account. So, please be careful

[Kimonoe]

Stop loss is very important in trading as most of the traders use stop loss because they wanted to prevent theirselves from loss and getting more benefit as well. So, for newbie it is also important and they have to use it for their trading. It is easy to use and prevents everyone from getting into more loss.

In general, Yes it is commonly use to prevent loss but it's specific role was an escape plan once the TA of a trader went go wrong. Usually they setup stop loss near notable prices like support,resistance, fibo level and ema/ma line. Understanding it's specific use is better than having a general knowledge on it.

trading is not theory, because practice is more important in trading so we know the strategy to stay afloat. one of them is stop loss, which is very helpful for traders to secure capital when the analysis is wrong. that way, losses can be cut automatically

[Sweetbtc]

I think Stoploss is one of the best tool to safe from big loss.  Sometimes market crash very hard due to bad news like china News which crashed whole market in an hour. Those who added stoploss has saved theirs money. Regret i not used stop loss that time and loss 1000$ +.
Now i use stoploss for every trade.

[Subbir]

Stop Loss is a crucial a part of trading it's impossible to trade without stop loss when the quantity of loss increases while traders reduce the quantity of loss through stop loss professional traders make more stop losses. they need an honest idea about the market they reduce risk through stop loss when prices tend to be downward must learn the techniques of stop loss also as must practice the market.

[New.in.trading]

There is ONE way, to trade without an SL... you can use hedge positions, instead of an SL. BUT this requires a shitload of practice in btcusd and really is nothing for new trades. It works great, if you know what you are doing, I love to do so in the indices.

[killerman2]

This is trader, about which we don't know that how much a coin will rise and how much it will be going down, what can we do? we can only predict, so, newbies don't have that much knowledge and didn't know about trading strategies. So, stop loss is necessary for them because anytime market will go down. So, it will prevent them from more loss.

[Rexler]

While traders using stop loss are very very common(understandably so), some people simply doesn't like using it simply because it doesn't apply to their sort of 'style'. Always remember that trading strategies are going to vary from person to person.

Style of trading you said? No kind of styles in trading that wouldn't work with stop loss, many people are really not seeing the importance of stop loss till something bad happens, am talking from experience am a victim of same circumstances, I believed am good at what am doing, managed my risk well and got enough equity to withhold any dip so no need for stop-loss, but a day came where the market crashed and everything tradeable was badly bleeding and I got rekt, I learned my lesson the hard way.

[bamb]

Stop-loss is a very important trading tool that helped traders to safeguard against losing further!  Stop loss is very useful and it is a double edged sword as it could take you out of position when the loss perhaps was meant to temporary before positive price action upward! Stop loss should be used sparingly if you know what you are doing!

[New.in.trading]

In my opinion, the stoploss is not much important if you are investing a little amount like 10$, 20$ .or if you are long term trader and spot trader. But if we are investing a huge amount like 100$,200$ and if you are future trader and margin trading then the use of stoploss is more important as we cannot predict the nature of market, as the crypto market is very volatile and the only thing to not use stoploss is your rresearchc on the particular crypto tokens.

I would say: If you are investing (like loooong Term) there is no Stop Loss needed, but you should still observe what happens, once a week or so.
If you are trading, depending on your broker, your account might go into the negative and therefore you absolutely need and SL, imho. Especially with BtcUsd where it can happen in seconds, if you have bad luck...

[Golftech]

While traders using stop loss are very very common(understandably so), some people simply doesn't like using it simply because it doesn't apply to their sort of 'style'. Always remember that trading strategies are going to vary from person to person.

Style of trading you said? No kind of styles in trading that wouldn't work with stop loss, many people are really not seeing the importance of stop loss till something bad happens, am talking from experience am a victim of same circumstances, I believed am good at what am doing, managed my risk well and got enough equity to withhold any dip so no need for stop-loss, but a day came where the market crashed and everything tradeable was badly bleeding and I got rekt, I learned my lesson the hard way.

You'll be able to maximize this tools having that kind of experienced, the importance of knowing how things

works and how to set it up correctly, the market is really volatile when it comes to crypto it's really hard to

predict but if you have that fundamentals and you are willing to work with your own design of system,

using this tool will help you in a better ways.

[Cherylstar86]

In my opinion, the stoploss is not much important if you are investing a little amount like 10$, 20$ .or if you are long term trader and spot trader. But if we are investing a huge amount like 100$,200$ and if you are future trader and margin trading then the use of stoploss is more important as we cannot predict the nature of market, as the crypto market is very volatile and the only thing to not use stoploss is your rresearchc on the particular crypto tokens.

Indeed. Stop loss is very important in trading. I never trade without stop loss. It's like an armour in a battlefield. Even an expert who have lot of experience in trading will surely need this kind of strategy. I think that Stop Loss is also helping in some other way, and I don't see any wrong if ever someone use it when they do trade in the actual platform anyway. Stop Loss help us control losses unlike using it we might get feel bad and regret if we don't set it up our loss methods. I remembered not using stop loss and liquidated my whole funds because of it.

[South Park]

Oh bor stop loss is everything. When i am trading stop lose is hurting me but without it i am dying anyway. If you are not using stop loss you will lose your funds one day for sure. but i have to say that in bull season it can be really hearthbroken.

It hurts to see yourself stop loss.

But it's a better thing that you stop your losses before you lose all that you've got. It's a common strategy that every traders know and if you don't know how to do it.

or you're not a fan of it, you better teach yourself or experience how it is to stop loss.

That is the thing with the stop loss, many people do not really appreciate it because unlike other tools and skills it does not really help you to make money and instead it is a defensive tool that gets you out of the market at a predetermined position, however its value is immense, a trader that does not use a stop loss is going to have a lot of problems becoming profitable as it is almost impossible that at some point they will not make a mistake from which they lose a fortune and then it becomes impossible for them to recover it.

Traders or new investors have to realize that there's the opposite of making profit.

And that's losing and if they're not good at it, they should stop loss to practice how it goes and avoid bigger loss. They really don't appreciate such feature if they're not really on it.

As the proverb goes ‘a penny saved is a penny earned’ traders concentrate so much on the potential profits they can get that they do not put enough attention to their own capital, and this is kind of weird as the profits they could get are not even real right now but the money in the exchange they are using is very real and as such an effort should be made to protect it no matter what, but people get blinded by the profits they can get and as such they lose sight of the thing they should care the most about which is their own capital.

[layoutph]

Stoploss is applicable only with margin, future trading. For Spot you cannot apply stoploss once you bought a coin.

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.