Stop losses

[FFrankie]

There should never be any sell orders for bitcoin if you are trading in a crappy alt coin the stop loss should be set at 75% down. Anything that swings 60% down in a day should be sold. Look at titan coin for example.

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[awik p]

Personally, in trading, I always place a stop loss just in case the market differs from our analysis. in placing a stop loss do not be stingy, in the sense that we have to calculate the risk on each transaction. let's imagine if we buy bitcoin at a price of $ 55k, if we hold on to it until now, of course psychologically disturbed

[Cryptoababe]

When you hodl, i dont think there is an option for stoploss. Because you only sell when you feel like and make profit when the value of the asset you are hodling increases.
But for trading or margin trading, stop loss in important to minimise your loss.

[ipanks]

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

It is better to use stop loss to prevent the downtrend that can happen at any time. Usually, I set it after I bought it just in case if the price has a dump. But if I see that the price will not get a big dump, I will not use stop loss instead of waiting for the price moves.

If I see the price is dropping fast and I lose the chance to use the stop loss, I will hold it and just wait for more. That will be different if the coin gets a bearish trend, and if that happens, stop loss will be necessary to prevent the big loss.

[Questat]

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

For me, it was optional and it depends on the trader but honestly, it place an important role especially when you are out of time to make a trade. I use this but not too often coz that never helps you to make a profit in trading but just only to save you from losing a lot. In many cases that I lifted my sell-order, I've just to think what if I just hold it while waiting for the market to rise? That is why I'm saying it was only an option but I'd rather have not used it if there is another way to save from losing.

[xSkylarx]

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 can't monitor the market properly as I am busy with personal stuffs so I just HODL and don't bother if it dips. I even buy more if I have extra money. Having stop losses is only for traders who want to lessen their losses. They put a stoploss so they still have buying power and able to buy more quantity of that particular crypto at a lower price. Stoploss is very important especially if you are doing leverage trading to avoid being liquidated. As for spot, you only put stoploss if you can monitor the market properly. If you put stoploss then the price quickly bounce, you will just buy again at a higher price with lesser quantity of that coin.

[CryptocurencyKing]

In trading, one can never be too sure of an analysis or a trading position in the market. So, you employ price action by looking at what price has been doing in the market to aid you in guiding against loses. Stop Lose and Take Profit SL/TP  helps you do that. They are  your perfect watchman on a trade that you aren't very sure of in order to ensure you don't have much reason for regrets.
Though, you've got to know how to apply them and know that, there could be some malfunctions that might occur in the market and though you might have your SL/TP set, it could not be triggered. I've heard of this things but haven't seen it happen so, you just don't have to be all relaxed with a SL/TP set. About how to set stop lose and take profit,

For Stop Lose, the previous low or lower high is targeted and set right below it, just a few pips in while,
For tlTake profit, the next or higher high, is targeted and set a few pips close to it.

[Lee_Mire]

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 always use stop losses when I'm trading. Even when I'm trading spot (no margin). Holding a loosing trade is nothing like hodling (investing). As a trader you want to keep firing as new trading opportunities come up. You can't enter new trades if your stuck in a loosing trade. This is called opportunity costs. I rather cut my loses (with a stoploss) and get into a new trade than to maintain a loosing position. The double whammy of loosing money on a bad trade while also incurring opportunity costs is beyond amateur.

[Ararbermas]

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

it depends on your strategy how to apply it because you can set up stop lose whenever you want just to prevent a huge lose. But if you didn't set stop lose and you're stuck up because of the dip then holding is always the best way to stay safe and to have a chance to regain the lost. However if you don't want such situations, always remember as well to set that thing because it's a big advantage and big help to protect your money while trading, wherein no matter what happen you're still safe..

[DarkIT]

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

Holding is the better and simplest step to stop loss.Incase,you had brought bitcoin at the value of 40k.You need to wait till it reach the value of 41k.Because with the pump only,we can earn money.You should spend some time to monitor the market.Without that,you can't earn even 1 dollar to your pocket.It's the simple logic to get good profit.

[Shenzou]

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 personally trade altcoins for short term, so i always set a stop loss for them, but for bitcoin since i am investing in it for the long term and have most of my investment in it i just hold because i know for a fact that no matter how low bitcoin goes it will always go back up again, but for some altcoins that thing does is not always true, so if you believe in an investment you should always support it and it will pay off.

[jostorres]

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

Your purpose of investing at first is what will determine whether you’re going to be making use of stop loss or not. If you’re a day trader you need to be making use of stop loss to reduce your risk. Since you’re just following the quick up and down movement of the price to make income, you have to have your stop loss switched on steady so that you don’t end up making a mistake and losing your money. But, if what you want to do is HODL (long term), then it is not necessary for you to be using stop loss. I can HODL for months and even a year, and in a case like this, I don’t see the need to for that stop loss.

[jahepahit]

it depends on whether you are for long term or short term. for long term you dont need to set stop losses even if you get caught in the dip, you just remain no matter how long it takes and then you take profit anytime it comes. but for short term you have to set stop loss because you  dont  want to get caught in a dip situation and wont want to wait longer for recovery.

[dotcoin.info]

The market is extremely manipulative and therefore many experienced traders do not recommend using stop-losses, but for a beginner this is a deadly number.
It is better to lose a few percent of the deposit than to watch the entire deposit burn out in the bear market. Now the market is very dangerous, there is no clearly defined trend, which means it is better not to trade at all.

[milewilda]

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 on what kind of investor or trader you are because on my parts im not really that fan of using stop losses unless if i do get away from my keyboard and i do have some open positions then i do usually make or set stop losses but if not then i would just let it be and when im on negative
then i do simply make out some holds and wait up for some recovery at least you do still have the chance for breakeven or make out profit when the market tends to make a shift unlike when SL's had been triggered then that would be already considered to be a loss.So its up to someone on how they
would be taking stop loss and its a matter of preference.

[justdimin]

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

For the people who opted to hold for years, stoploss is never a concern because they are already into profits and they might be having trailing stop-loss in mind because they might not have any open order in any exchanges as all of their assets must be in cold stored local addys. So, stoploss is required only for the traders who are actively trading right now in exchanges and not into big profits already.

The market is extremely manipulative and therefore many experienced traders do not recommend using stop-losses

By manipulative, we can understand that bitcoin market will recover at any time because the current bearish mode is not natural but triggered by manipulations hence market may recover at any time and if you're a true believer of bitcoin's future then you can go for holding without stoploss.

[nowlscor18]

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.

Stop losses means holding your crypto coins during downfalls. Those people invested and hold their coins for a year don't need to worry since they already have a profits and might prevent losses. Holding coins is very useful especially when market prices went down. Stop loss is only required for traders who are actively trading right now for exchanges but not to earn big profits.

[geegaw]

Personally, in trading, I always place a stop loss just in case the market differs from our analysis. in placing a stop loss do not be stingy, in the sense that we have to calculate the risk on each transaction. let's imagine if we buy bitcoin at a price of $ 55k, if we hold on to it until now, of course psychologically disturbed

It's not wrong, stop loss is a relatively good way to save money but many people do very detailed calculations and don't want to put their money in the hands of the market, they perceive their losses as sorrow and they cannot allow it, but their excessive stinginess only makes them lose more quickly. That's why many experts always suggest that we should set our vision for the future, not just an overnight vision, tug-of-war with the market is not a good way when it's so much stronger than us, it's respectable to take a step back to see a win

[ethereumhunter]

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

Hold for promising coins and stop loss and change coin to retrieve my capital back. I am not much trade but i keep did that when in spot trading because sometimes we picked wrong coin in market and it can be happened (about price keep falling and seems hard to bounce back). Because if i forced myself to trade that coins again, it still can be risky too.

It can work as long as he can pick the right coins. With so many coins at the market, that can tempt them to pick the wrong coins and without doing analysis, he will not found the right coins. Stop losses will benefit you if the price is getting dump and still getting down after that so you can prevent losing big money. But if the price down is not too much and the price can bounce up, then the stop loss will not be necessary. You will know when you should use stop loss when you can analyze the market.

[Bitum]

If I trade in the short term, then stop loss is a mandatory option for me. In long-term trading, I see no point in stop-lss. Stop-loss is a good way to minimize losses, so I would use this option