Stop losses

[andriarto]

in a trade, stop loss is used to anticipate if the market moves not according to what we planned, with the stop loss the transaction will close automatically, so we don't get carried away with bigger losses. especially if we can't always be in front of the computer, then this can help traders to survive

[Fredomago]

in a trade, stop loss is used to anticipate if the market moves not according to what we planned,

yeah right, it will allow us to set our target goals, mostly use for short term trading to avoid having a big loss when market collapse.

with the stop loss the transaction will close automatically, so we don't get carried away with bigger losses.

and it will also allow us to enjoy the short term pump if we also place our sell position for profits target.

especially if we can't always be in front of the computer, then this can help traders to survive

the very use of stop and loss option, this feature allow traders to use their time spending with other important
things, not needed to closely monitor your computer from time to time.

[tygeade]

Stop loss is commonly used when you do trading, but actually, I am not into trading because it is really risky for me as I dont have good knowledge about technical analysis, so I am more focused on investing which is really profitable for me, just make sure always that you have invested in good coins so you can assure that you can earn good profit on it, avoid coins that are only pump and dum it won't survive in the long term.

Actually investing is one of the two pillars of trading. Trading means buying an asset or coin at the best price and selling them at the peak value. If you are investing still I would suggest you to use stop-loss because although you are banking on the futuristic value of the coin and have invested for the long term, it is always good to have a stop loss in case the project falls off for any reason or there is not enough interest towards it.

Setting a stop-loss doesn't mean you will have loss, if you feel you have high confidence in your investment, then you can set a low stop-loss such that it won't trigger below a particular amount and since you have faith in your decision, it shouldn't go down to that point and if it does go down that low, I guess you made a mistake and stop-loss saved you from a bigger loss.

[SirLancelot]

in a trade, stop loss is used to anticipate if the market moves not according to what we planned, with the stop loss the transaction will close automatically, so we don't get carried away with bigger losses. especially if we can't always be in front of the computer, then this can help traders to survive

By now everyone already must know the meaning and it would have been much more worth if you shared your experience of using it or not using it, instead of explaining what it is. The name stop loss itself suggests what it's meant to do.

I trade a lot of coins during a bull run and during those times I use it to make sure if I lose the track of a few coins, I don't end up paying it with my wallet, at least not by too much.

Lots of traders often criticize stop loss function because it takes away the possibility of recovery but I don't know if even 10% of coins that go down ever recover unless a certain Elon Musk is sitting behind to help it.

[imstillthebest]

Lots of traders often criticize stop loss function because it takes away the possibility of recovery but I don't know if even 10% of coins that go down ever recover unless a certain Elon Musk is sitting behind to help it.

elon musk only helps shitcoin and meme coins but not all have given a chance by elon so if you are a trader that picks up those kind of coins ,
stop loss can be your best freind because coins like that can rarely recover and maybe those who said that stop loss is bad are only trading good coins because they can recover easily .

[bitterguy28]

Lots of traders often criticize stop loss function because it takes away the possibility of recovery but I don't know if even 10% of coins that go down ever recover unless a certain Elon Musk is sitting behind to help it.

elon musk only helps shitcoin and meme coins but not all have given a chance by elon so if you are a trader that picks up those kind of coins ,
stop loss can be your best freind because coins like that can rarely recover and maybe those who said that stop loss is bad are only trading good coins because they can recover easily .

in all our trading activities ,Stop Loss is what we need to use as weapon to beat losing , because if not then surely our failure indeed will come.

and Elon is part of Manipulating team and we cannot expect good from this person but total BullSh!t for the whole crypto community and market.

[imstillthebest]

Lots of traders often criticize stop loss function because it takes away the possibility of recovery but I don't know if even 10% of coins that go down ever recover unless a certain Elon Musk is sitting behind to help it.

elon musk only helps shitcoin and meme coins but not all have given a chance by elon so if you are a trader that picks up those kind of coins ,
stop loss can be your best freind because coins like that can rarely recover and maybe those who said that stop loss is bad are only trading good coins because they can recover easily .

in all our trading activities ,Stop Loss is what we need to use as weapon to beat losing , because if not then surely our failure indeed will come.

and Elon is part of Manipulating team and we cannot expect good from this person but total BullSh!t for the whole crypto community and market.

Our losses won't grow when we use a stop loss  and I guess we can't call this a failure yet because this was only small and small losses are easily recoverable .
no one wants to be a failure in their trades because that can cost huge money .
We need to learn how to use a stop loss even if we are sure with the coin that we chose because they can change direction  and then we need to ignore Elon because for his manipulation to get less effective .

[crzy]

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

Even if I’m holding, I always have my stop loss level because I can’t sit and just holding while mu portfolio are bleeding, I have to stop it and buy back again when the price normalize. In trading, I also believe that having a stop loss set-up is a must, it can help you prevent losing money so do you best to have the stop loss price.

[abel1337]

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

Even if I’m holding, I always have my stop loss level because I can’t sit and just holding while mu portfolio are bleeding, I have to stop it and buy back again when the price normalize. In trading, I also believe that having a stop loss set-up is a must, it can help you prevent losing money so do you best to have the stop loss price.

If you hold and have a stop loss, You can have the tendency to forget your holding when it hit the stop loss and also lose the chance to buy at a lower price. In my own opinion, I think it is not a good strategy for putting a stop loss on a long-term holding. I think it is very suitable for other trading styles like swing trade and scalping but In long-term holding, I think not.

[xmonkeyx]

I myself will also stop losses if I feel I change my mind to invest in other coins. actually there is no problem to stop loss or stay afloat until you can get a profit but everything goes back to which coin we choose, because if the coin we hold is below the price it should be or the low price is below the average. then we better stop loss so as not to continue to suffer losses and can invest in other coins with better prospects.

[TheGreatPython]

Trading is not for everybody but at the same time we should put in enough efforts and practice a lot to learn to trade correctly.
Yes we do lose our money in the beginning due to our mistakes but we only learn when we make mistakes.
This is why we should not put huge money in the beginning. Start with a low amount and gradually increase when the profits come in.
Even I had started to trade a few years ago but since I was losing money I took a break and learned more about the analysis and started to trade again recently.
Identifying mistakes and learning from it the best strategy IMHO.

I understand it and if you are really adamant about learning and becoming a good trader then you should do it, some people are good in math while others suck at it and same goes for trading as well because there is so much math in trading as well.

I know people who have hard time calculating what is 8x6 and those people can't become traders, doesn't matter how hard they try or how much they study because they lack the main principals requires to be a trader. What I said about buying and holding is for those people, people like me and yeah I do know math a bit more than the example, but I am still not even decent at all and that is why I just buy and hold.

If you know what you are doing, have some math, have some patience, and a bit of money to spend for learning then you can become a decent trader by studying hard, but if you are like me, even after 8 years in crypto I fail at trading so it is not really advised.

[Rehan Zakir]

Stop loss is the best strategy to secure yourself from huge loss. It is also very simple to apply stop loss on a trade. Just calculate how much loss you can bear. And then place it at your calculated point. If market goes opposite with your trade then stop loss hits and you will left the market. So this is a very useful tools in trading.

[Xhong54]

If your account size is very small, you will encounter alot of stress because your stop losses will always be hit and you lose money. Losing money makes you mentally unstable so you get confused in the market. this is the worst thing that will happen to a trader

[perfect999]

I trade a lot of coins during a bull run and during those times I use it to make sure if I lose the track of a few coins, I don't end up paying it with my wallet, at least not by too much.

Lots of traders often criticize stop loss function because it takes away the possibility of recovery but I don't know if even 10% of coins that go down ever recover unless a certain Elon Musk is sitting behind to help it.

It depends on what I am actually doing. If it is day trading, then I think stop loss is very important to use in a situation like this, so that you’re not going to be running the risk of losing so much money while you’re trading. As for whenever I am HODL’ing, I don’t really bother about making use of stop loss. But I think you still have to put some things into consideration in a case like this , like for how long you’re going to be holding. If I plan to hold for a very long time and I have it in that I want that coin to reach a particular price before I am ready to sell, then I don’t see the need for it.

[Reatim]

If your account size is very small, you will encounter alot of stress because your stop losses will always be hit and you lose money. Losing money makes you mentally unstable so you get confused in the market. this is the worst thing that will happen to a trader

The best to trade only if you have enough time and effort so you can have your eyes directly whenever you need to activate your trading portfolio .
There are many traders that loves to use Stop Loss but they don't really know whats the outcome because they had been told to use but not how to and what to.
Just be ready to Keep holding if you fail so there are no literal loss but only a waiting time.

[Mistafreeze]

Stop loss is commonly used when you do trading, but actually, I am not into trading because it is really risky for me as I dont have good knowledge about technical analysis, so I am more focused on investing which is really profitable for me, just make sure always that you have invested in good coins so you can assure that you can earn good profit on it, avoid coins that are only pump and dum it won't survive in the long term.

Big boys don't bother using stop loss because the market is always friendly to them in term of their experience in the market and number of years they've been trading. Stop loss is not as important as knowing what you are doing and how to cut your risks if the market tend to dance against you. Not everybody uses stop loss when trading cause it might bring bad luck to some people when used.

Their are some of my trades which I don't bother using stop loss because I've already planned my risk and when I intend not to go for a long trade. Like some when I scalp, I don't use stop loss cause it could affect my profits if the market decides to retrace hunting stop by losses before continuation of the current trend. I only use stop by losses when I know the market by is not sure or that okay to ride a trend. I don't also use stop losses when my eyes is in trade.

[goldade]

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 believe that depends on what you're doing. If you're trading, then it is advisable that you should use stop Loss. It's about the most effective way one can employ to minimise loss as much as possible. In order to safeguard your capital or asset, then you should use stop Loss.
Hodling on the other hand doesn't require the use of stop loss. All you need to do is keep the coins in a wallet, set a time to sell and take profits (usually months to a few years), and then sell. You don't need to bother yourself with the price movement between the entry point and the exit point

[Hamphser]

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 believe that depends on what you're doing. If you're trading, then it is advisable that you should use stop Loss. It's about the most effective way one can employ to minimise loss as much as possible. In order to safeguard your capital or asset, then you should use stop Loss.
Hodling on the other hand doesn't require the use of stop loss. All you need to do is keep the coins in a wallet, set a time to sell and take profits (usually months to a few years), and then sell. You don't need to bother yourself with the price movement between the entry point and the exit point

In short, it does depend on your own needs because not all the times on where stop loss would be relevant and there are times which it isnt really needed because if there are some sudden change of trend then

you can easily opt in to hold because once stop losses been triggered out then theres no way you would able to recover those losses compared when you are just on negative you can still recover if you do just simply
hold.

Stop losses are just relevant into those people who are making active trades and not to the ones who do mind about only on long term holds.

[kawetsriyanto]

I mostly hold and rarely set stop-loss. I set stop-loss for daily or weekly trade only. While for a long-term asset, I never use stop-loss. So, stop-loss is just optional, not really a must to use, it is probably just used by traders. But for investors, it can be a bit useless because they don't target to take profits in a short time.

[Karish2return]

The Professional Traders utilize mental stops. One of the most reasons professional dealers do not utilize difficult halt misfortunes is since they utilize mental stops instead. The advantage of this can be simply do not got to 'give away' where your halt misfortune is by setting it within the market.