Do you set stop loss for long term gem?

[JoMarrah Iarim Dan]

I want to ask for some long term hodler or altcoin gem hunter there.

Are you considering having a stop loss for every altcoin you bought for long term?

Like for example. You buy this coin x at $3 but the price dumped, and just like trading, do you still put stop loss or cut loss?
Like you will sell the coin once the price reach $1?

Before, I did not consider to stop my loss or to cut my loss. I knew that the coin I am holding is a promising coin since it is bitcoin and eth so I just have to trust and have patience. My igrnorance to check btc and eth price due to I am busy with my work also helps me to just keep my coins while its price is still low. I know this is not applicable to coins so maybe I used stop loss to other coins.

[traderethereum]

I want to ask for some long term hodler or altcoin gem hunter there.

Are you considering having a stop loss for every altcoin you bought for long term?

Like for example. You buy this coin x at $3 but the price dumped, and just like trading, do you still put stop loss or cut loss?
Like you will sell the coin once the price reach $1?

That depends on the coin itself because if the coin has the potential to increase in the long term, I will not sell the coin when the price reaches a lower price, but I will buy more because I know its potential.
For example, I bought litecoin for $100 but in the downtrend, the coin crash and reach $40, and I did not sell the coin instead, I will buy more amount and hold it, even I do not know how long I should hold.
But if that is trading, I will stop loss because that can help me prevent the big loss.
Many of us do not know which coin will be the next gem, and many coins have the potential to increase, so that can make us confuse.

[Vaculin]

I don't know if that is really important when talking about investment, why we should have to do it in a way that we are planning for a long-term investment. We are not in trading that we supposed to use that strategy. It finds ridiculous to use it if we know ourselves that we can make a hold when the market will dump.

Anyway, either to use that or not, that will depend on us.

[lixer]

I want to ask for some long term hodler or altcoin gem hunter there.

Are you considering having a stop loss for every altcoin you bought for long term?

I just choose the coins which are suitable for long term holding hence I never preferred for going with stoploss. I simply hold highly known and established coins which makes me to continue my holding with more confident about bouncing back of markets. If you are taking time to choose your coins after long due diligence then you can avoid going for stoploss things.

Stoploss is good if you choose bitcoin/ethereum for short term trading. Because, there are big volumes happening on those coins which will help you to get another opportunity.

I invested with Lisk/Ada/TRX kind of coins but they got dumped after my investments but I simply continued my holding and they slowly turned back. Right now I am holding ada in profits but LSk?TRX yet to get into profit zones and I believe I will get very soon.

[kolbalish]

I want to ask for some long term hodler or altcoin gem hunter there.

Are you considering having a stop loss for every altcoin you bought for long term?

Like for example. You buy this coin x at $3 but the price dumped, and just like trading, do you still put stop loss or cut loss?
Like you will sell the coin once the price reach $1?

Till now, I don't use any stop loss because I expect a goal from where I invested. If I need to wait to fullfill it then basically I wait till then. I rarely use my funds for short term. I always prefer long term investment and I don't use any stop loss for it. Because market can retest then for using stop loss my requirements will not be fullfiled. That's why, I don't use any stop loss for long term gem.

[wallet4bitcoin]

I don’t like stop loss. Previously I use Stop Loss.  However, I can't remember when it helped me. But, I still remember, I missed too much profit for stop loss. In fact, stop loss can be helpful. However, you need to keep the stop loss at the right price. I am no longer using Stop Loss.

And if I talk about the long term, of course I will never use stop loss. Because, I only invests in trusted currency for long term. It is normal for cryptocurrencies to rise and fall price. Hurry in long term not a good decision. I can miss big profit for stop losses.

[pelumi20]

When it comes to investing you can't set stop loss like when trading. Because you are setting a sell order to sell at a low price, people will easily fulfill the order. You just have it in mind that once price reach a certain level you are not willing to lose again, you sell it immediately.

[Bilgent]

I actually prefer doing it sometimes. It depends on the coin which I invested into. If it's a coin like Bitcoin, Ethereum etc. then I don't do it mostly. But especially for the other altcoins, I prefer it as I don't trust them more than Bitcoin and Ethereum. 

[gabbie2010]

If for long term investment, I never doing cutloss to take back some of my money. I sell only if the price make profit, even only make little profit from bubble price. so for consequences, now my wallet  hold many alt coin with no price. But nevermind, because my profit from other alt coin more big from my loss. so when you believe in long-term investing in alt coins, don't even think about cutting losses.

There is no point in using a stop loss for a long term investment except the trader is using margin or future trading just to minimize loss in case of any dump however  in lovg term trading a dump in the price of the coin wouldn't have much reduction on the actual amount of invested fund just like BTC value of an investment of $100 dumping to $40 however the price might reach $140 or more after price recovery.

[nurilham]

If we are talking about at least 1 year investment then stop loss is pointless.

It is true, very pointless, not helpful at all. The stop loss feature is only used by traders or short-term investors. We don't need to use stop-loss if the goal is to keep it for at least 1 year. Just check the coin once we have the time to see it. It is different if the goal is the short term, we need to use it because the price can change very fast.

[Meta anggraini]

For spot i never put any stop loss, cause i never loss until i sold them, the special case only when i really urgent to get money i will sold some of them and try to buyback later.
But for Futures or Margin trading ofcourse i put ~10%.

[sulendra12]

Like for example. You buy this coin x at $3 but the price dumped, and just like trading, do you still put stop loss or cut loss?

Stop loss is a must regardless of what coins do you invest.

But before I set that up, I would analyze and check the price regularly before make the order. You don't want that order filled automatically after you made one, right? If the chart is showing a good sign for few weeks/months then I tempted to make the stop loss, so I can secure the loss.

[lalabotax]

Actually not really because I am not a type of a daily trader or playing in the future markets. SO far, I rather than choosing to hold the coins if the prices are dropped. But if seeing the prospect of coins is zero and no hope for the coins with low fundamentals, I probably will prefer to cut loose. So it will depend on the situation.

[Golftech]

In my opinion, a volatile market with extremely large margins like cryptocurrencies should not set a stop loss when investing in a long-term project.
Looking at ETH, the value of ETH has increased a lot if bought at $ 100 in March 2020 and it went up to $ 3,600 yesterday. If a person bought ETH for $ 500 in the past they would still have a good profit if they kept ETH up to this point. So not putting stop loss is the right choice in long-term investment. We can either leave the market to decide or buy at a lower price to average the price.

With the volatile nature of this business having this feature might hurt your investment, if you are aiming for long term

and you believe that the asset that you have got a solid foundation, why bother if in some case the value falls hard, it will

bounce and bring you decent profits, a very good example is ETH and BNB both assets suffered bring big corrections but

look at them now, those investors last year who are still holding their coins are surely enjoying from what they are seeing now.

[accounting 181293]

I always use it whether it's short term or long term. because stop loss is important to minimize losses when the market suddenly crashes. I don't want to repeat my previous mistakes, at that time I invested a lot in altcoins for the long term. before I knew it my portfolio was worthless and it made a huge loss.

[Anonylz]

I want to ask for some long term hodler or altcoin gem hunter there.

Are you considering having a stop loss for every altcoin you bought for long term?

Like for example. You buy this coin x at $3 but the price dumped, and just like trading, do you still put stop loss or cut loss?
Like you will sell the coin once the price reach $1?

If you are cutting losses so early then it doesn't fit to be called a gem! Price dump is part of market movement and price discovery of every project be it gem or not,  but what differentiate the real gem from the rest is, even when the price drop, you don't panic sell, you wait for the correction to be over and or dca if you buy a bit high to balance your portfolio and hold, because you have confidence in the project and what they bring,

A gem should not be sold too hurriedly in my opinion,  take experience from all the great gems out there that many people sold out of panic,  see how they performed.  Well this is from an investor perspective,  a trader would probably do the opposite.
A long term hodler won't need stop loss because your assets is under lock and key away from prying  eyes 

[MarjorieZimmermanGinger]

Futures trading carries a high level of risk. if you are interested, you have to put in a stop loss and also take care of money management. most people lose money due to not placing Stop Loss and also desire when opening positions. good entry uses a maximum of 10% of your total balance and also don't use emotions. I already have a bad thing without any stop loss in trading

[Tervelatuk]

long term invesment doesnt need stop loss, we believe every part of project developtment. price will always up and down , and as investors we should not panic, we have to believe with project future and when development completed we will get multiple gain. long term investor must have strong mental because sometime we we will face unpredicted moemnt.

[jinxing]

I want to ask for some long term hodler or altcoin gem hunter there.

Are you considering having a stop loss for every altcoin you bought for long term?

Like for example. You buy this coin x at $3 but the price dumped, and just like trading, do you still put stop loss or cut loss?
Like you will sell the coin once the price reach $1?

sometimes I apply stop loss when short-term trades of some coins, and it depends on the type of Altcoin itself. if the coins are really easy to pump, setting the stop loss level is probably the most correct decision I have to make

[MFahad]

Futures trading carries a high level of risk. if you are interested, you have to put in a stop loss and also take care of money management. most people lose money due to not placing Stop Loss and also desire when opening positions. good entry uses a maximum of 10% of your total balance and also don't use emotions. I already have a bad thing without any stop loss in trading

Doing future trading without a stop loss is like doing a suicide. You will get rekt if you open a trade for long term in futures and didn't place a stop loss. However if you are investing in good coins for long term in spot, then you can keep your trades open without stop loss. Even if coin dumps in spot, it can still recover and give you profits provided you have strong hands to hold.