Stop losses

[sherryDEFI]

Just curious, do any of you set stop losses and recollect again later? Or do you just HODL regardless of what the dip is.

[livingfree]

Just curious, do any of you set stop losses and recollect again later? Or do you just HODL regardless of what the dip is.

If I trade, I set stop loss.

But if I just hold, I don't do that much and I just leave it there. I don't usually set a stop loss since that fund of mine is bound to be hold for a long time.

That's what I meant by holding.

[Nunoluck]

It is depend on the position on trading that I get. In my opinion although bitcoin price fall then it will not go down below certain point, for example: the market is in bearish trend now, at this time I bought bitcoin again after I sold all of my btc during last bullish trend but unfortunately bitcoin price keep fall, since I bought bitcoin at price that I think is lowest based on my calculation then I just hold. Usually I do that when I bought using lump sum strategy and for long term. But when I bought a cryptocurrency for day trading then I set up stop loss, regardless whether it is bullish or bearish. Anyway I am not a professional traders, I am still learning, that is just a strategy that I think it is good.

[Alisha-k]

Stop loss is used specifically when you are trading your coin to limit your losses. Then if you choose to hodl you don't need a stop loss except you wish to withdraw then buy more of the dip when it keeps going down. I prefer to hodl since my coins isn't upto $1k to avoid blowing off everything due to spike since cryto market is highly volatile.

[mk4]

Trading portfolio separate from investing portfolio, which I think everyone should do. But with my trading stack, even though I don't day-trade by looking at charts all day, yes I do set stop losses for those humongous unexpected crashes.

[the rise]

I am currently using stop loss because it is very useful when market conditions go down like this, there is no word "hodl" when the market is down, it will continue to fall, I hope those who often lose should use this so that they do not lose much.

[RapTarX]

HODL is not a simple word, dude. It's not so easy to HODL while it's bleeding. I have sold my BTC earlier but in altcoin, if I were not setting up stop loss, I would be losing more than 50% of my asset (or shit  ) If you have purchased the ATH, SL is a must-follow IMO.

there is no word "hodl" when the market is down, it will continue to fall,

Are you kidding, bro? You should have known the origin of the word HODL is when the market was falling significantly. Didn't you read BTC crashing WHY AM I HOLDING?

[jellylily]

If you're holding you shouldn't use a stop loss. Too much volatility and you'll get stopped out, usually right before a run up. Stop losses just ensure the market makers know exactly where they need to drop the price to take your sats from you. Don't give them up so easily. Only you care about your future, they sure as hell don't.

[Zilon]

I would rather trade with a stop loss than just hodl since I make more profit trading although it's way too risky if the entry is not well timed. But compared to just holding I would rather trade with my stop loss in check should in case the trade goes against my prediction. But in situations where I can't analyze the trend or state of the market to avoid incurring losses on purpose I would rather hodl to save the funds for a more profitable trade

[clint25n]

stop loss to stop losses.if indeed you are afraid to experience a loss. considering the price of bitcoin is getting lower, but unfortunately I am very sure, bitcoin will not go down to its lowestpoint.we just need to be patient in investing and use long-term results in the future. will come. If fear continues to haunt then sell it and leave in June

[hichamito37]

We use stop loss when we trade. For holder, they are not interested in short market corrections.Then stop loss is not necessary in this case. The assets of the holders are almost unaffected.

[Wexnident]

I just HODl so I don't really set up stop loss. I used to way back when I was trying out trading, and I really think should be done. Hodling is another matter since it doesn't really matter much if the market crashes 10, 20 or more since you're HODLing. It's not a matter of price but time in that case imo.

[feelideb]

My asset on centralized excjange is mainly for trading and therefore, I set stop loss on my trading position to prevent sudden price swing like we have witness in the past few weeks! Stop loss have reduced my loss and protected my capital. Stop loss must be used often in an unpredictable market that we are. The price swing downward should trigger yiour stop-loss and safe you from  deep loss!

[Taskford]

Just curious, do any of you set stop losses and recollect again later? Or do you just HODL regardless of what the dip is.

Depends how the price action goes but actually I don't dl much stop loss since I mostly hodl just to avoid any further losing, most of the time I just try to grab another funds just to do a fresh start and buy at the dip so that I can possibly earned back what I supposed to lose when bitcoin pricr dumps. You can also see how history works so that you can gain a confidence about future of bitcoin and altcoins.

[michellee]

Just curious, do any of you set stop losses and recollect again later? Or do you just HODL regardless of what the dip is.

That is an option for traders but it is better to set stop losses to prevent the downtrend from preventing getting more losses. If you do not want to trade and only want to watch the market, you do not need to set the stop loss. Stop losses really help the traders so I think you can use it too before losing your money. But that will be up to you.

[gabbie2010]

Stop loss is used specifically when you are trading your coin to limit your losses. Then if you choose to hodl you don't need a stop loss except you wish to withdraw then buy more of the dip when it keeps going down. I prefer to hodl since my coins isn't upto $1k to avoid blowing off everything due to spike since cryto market is highly volatile.

This are two perspective associated with crypto, an enthusiast can either be a hodler or a trader, a hodler wouldn't have an option of placing a stop loss especially when the coins is held in a wallet no wonder report reaching us in the last few weeks stated that $billions of account of crypto hodlers were liquidated due to market dip. whereas a trader can exchange a crypto to a stable coin like USDT and BUSD and trade with a stop loss, in this bearish run the trader short a coin with a stop loss placed above the resistance when the price pumps instead of falling the trade will cut off some risk of the trader based on the position of the stop loss, thus trading is more safer and more than holding secure unfortunately majorities of crypto enthusiast can't withstand the rigorous training and learning to becoming a trader, instead settled as a hodler.

[tvplus006]

Just curious, do any of you set stop losses and recollect again later? Or do you just HODL regardless of what the dip is.

Setting a stop loss in spot trading helps to save your deposit and gives you the opportunity to buy a coin at a reduced price. But there is another opinion that with high volatility, you will constantly lose your money using stop loss. But after such dumps, as we saw today, the number of supporters of setting a stop loss in spot trading should increase.
 

[Yatsan]

Upon doing trading, you must be setting up your stop loss to somehow manage your funds not leaving you with total zero balance of massive loss because you haven't observe the market properly or it have gone the other way than you expected it to be. Traders usually do set this up in order to save them from a total loss upon doing trades. Hodling is good if you do not want hassle or risks to be taken but trading is other possible way of earning buy you must be aware to be dealing on risks and it is more likely to have losses than gains so setting up stop loss is essential.

[Bitcoin_Arena]

Just curious, do any of you set stop losses and recollect again later? Or do you just HODL regardless of what the dip is.

I don't know if you understand the meaning of HODLing but this is when you keep your coins until a target profit point and you don't bother selling them off regardless of how deep the price drops so it doesn't require stop loss.

The best thing to do is buying bitcoin during the dip like one where it was was $3K and then you HODL, if the price reaches $100K and then drops back to $10K, you won't be bothered that much because you bought the Bitcoin at $3K and you will have hope that it will rise back up during the bull market.

Stop losses are more applicable in short term trades.

[maxreish]

Just curious, do any of you set stop losses and recollect again later? Or do you just HODL regardless of what the dip is.

You mean stop loss in margin trading or the usual trading? Because its two different. I mean when I set up stop loss in margin tradingor with my leverage trading, when it triggered ans it hit. It automatically stop your position or entry. As aith those usual trading, if you wish to have stop loss and you decided to sell it. Recollecting is a good idea to compensate that loss and to be at profit again.

But the thing is that, "holding" is better than to recollect and to retrade it again.