Stop losses

[shushu9977]

Yes, It is happened many times. When I trade my, I loses many times and holding my coins and finally I gain many times. But, at present, I loses my profit and still hold for recovering my losses. I think, in future, I gain my profit, because I hold my tokens for long term.

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[Shurbi]

BTW, I don't like stop loss. Sometimes, I noticed I miss big gain for it. Stop loss is helpful to protect fund. But, From my opinion It's not a good decision to use stop loss every time.

I am not saying stop loss is useless. But we have to use it perfectly. Sometimes coins up-down much and hit the stop loss, then pump 

[breathlessz]

Yes, It is happened many times. When I trade my, I loses many times and holding my coins and finally I gain many times. But, at present, I loses my profit and still hold for recovering my losses. I think, in future, I gain my profit, because I hold my tokens for long term.

For potential tokens, I don't think it's a worry if you hold it for the long term, and I don't think you should use stop losses, because our goal is to invest for short-term trading, I think it is mandatory to use it, but if it is hit many times, I think don't be stingy to place a further stop loss, so that the candle has room to move

[Obito]

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.

But even if it's an optional thing to do, you can't deny the power it does to help you prevent the possibility of big losses, yes for long-term people it's not useful but for the short-term people, this is a detrimental thing if they want to last for a long time in trading.

[conected]

Yes, It is happened many times. When I trade my, I loses many times and holding my coins and finally I gain many times. But, at present, I loses my profit and still hold for recovering my losses. I think, in future, I gain my profit, because I hold my tokens for long term.

- In a nutshell, you are trading with a hold on everything until recovery and profit, a couple of times you have had a high profit with this style and i can consider this a lucky ratio or you are holding a decent few tokens but whatever the case, I still recommend you take some more time to read about the stop loss rule, this rule may not help you right now with your work style, but it could answer the problems you will face in the future with that style of work.

[jossiel]

BTW, I don't like stop loss. Sometimes, I noticed I miss big gain for it. Stop loss is helpful to protect fund. But, From my opinion It's not a good decision to use stop loss every time.

I am not saying stop loss is useless. But we have to use it perfectly. Sometimes coins up-down much and hit the stop loss, then pump  

I get your point.

But it has to be used if you're just protecting your fund and you want to make sure that you won't gain that much in losses. I understand that whenever a trader misses that jump after being dumped.

The only thing the trade has to do is to make sure that he/she has also sets a buying order after the stop loss.

[rmhuntley]

Stop losses is good when less out our predicting about bitcoin and altcoin, almost altcoin price depending with bitcoin, we don't know when many fud about bitcoin and this good way after success buy coin and try to sell order always use stop losses to less risk with much loss, I think we can recovery our money and buy on lower price again, how ever we get chance to buy back with lower price and recovery with how much loss before.

[Anamika1000]

Stop Loss can not only stop you from short loss but it can also secure your coins so In my opinion it is the best one for the trading and you can use this when you don't know about the coin.

[LUCKMCFLY]

Every good trader is clear that Stop Loss is a lifesaver, in my case when I trade the first thing I do is place the Stop Loss and then place the Take Profit, because that way I ensure how much I am willing to lose and not take by surprise nothing.
The important thing about Stop Loss is that it gives peace of mind and that it can offer teaching if the trader realizes what his mistake was, some traders do not use Stop Loss because they are always in the market no matter what, but it is something that you must have a lot of concentration, unless you have a large group of bots that do not miss anything.

Of course this is recommended, but there are many traders who have other styles of trading which is totally respectable. but in my case I usually go for the traditional and well-known style, which includes the correct use of Stop Loss and "Take Profit"

[LongStand]

In current situation of crypto industry stop losses should set because a person can buy when the value is low. For those who kept for long term hold they don't need to set stop losses is it does not worth for long term holders.

[killerman2]

Answer is very simple if u want to hold for long term no need of stop loss. I will recommend you not hold your longvterm coin on any exchange. Trustwallet or metamask or any wallet you can used.
If you want to take a short profit than stoploss is mandatory. Sometime market crash little and you can loss much.

[jossiel]

Answer is very simple if u want to hold for long term no need of stop loss. I will recommend you not hold your longvterm coin on any exchange. Trustwallet or metamask or any wallet you can used.
If you want to take a short profit than stoploss is mandatory. Sometime market crash little and you can loss much.

Suggest about hardware wallets too, they're one of the best in terms of holding for long term. I've been doing that for years and never had any problems.

But those wallets that you've mentioned, they're also good if you don't have the budget to buy for your own hardware wallet. A market crash can literally make you fall into more losses if you've diversified that much.

[elisabetheva]

Answer is very simple if u want to hold for long term no need of stop loss. I will recommend you not hold your longvterm coin on any exchange. Trustwallet or metamask or any wallet you can used.
If you want to take a short profit than stoploss is mandatory. Sometime market crash little and you can loss much.

Suggest about hardware wallets too, they're one of the best in terms of holding for long term. I've been doing that for years and never had any problems.

But those wallets that you've mentioned, they're also good if you don't have the budget to buy for your own hardware wallet. A market crash can literally make you fall into more losses if you've diversified that much.

I think your suggestion is very appropriate because at times like this we have to admit that many people around us are naughty, not just hackers, so if you propose a hardware wallet, it is the best way that can be used even though it may cost quite a bit to own and use it. saved is also not much, causing them to look for alternatives that are also quite good.

maybe metamask and truswallet are very good wallets and accommodate everything we might do later. it all depends on what you have in the end and how much you have to save.

[jossiel]

Answer is very simple if u want to hold for long term no need of stop loss. I will recommend you not hold your longvterm coin on any exchange. Trustwallet or metamask or any wallet you can used.
If you want to take a short profit than stoploss is mandatory. Sometime market crash little and you can loss much.

Suggest about hardware wallets too, they're one of the best in terms of holding for long term. I've been doing that for years and never had any problems.

But those wallets that you've mentioned, they're also good if you don't have the budget to buy for your own hardware wallet. A market crash can literally make you fall into more losses if you've diversified that much.

I think your suggestion is very appropriate because at times like this we have to admit that many people around us are naughty, not just hackers, so if you propose a hardware wallet, it is the best way that can be used even though it may cost quite a bit to own and use it. saved is also not much, causing them to look for alternatives that are also quite good.

maybe metamask and truswallet are very good wallets and accommodate everything we might do later. it all depends on what you have in the end and how much you have to save.

Those wallets can accomodate to keep your assets there as you trade. But if you're taking profits and you're wanting to secure them.

It's best to put it on a hardware wallet and there are a few trustworthy that has been tested by time.

https://bitcoin.org/en/choose-your-wallet?step=5&platform=hardware

[rhomelmabini]

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

Traders do have plan as always for stop losses but there are individuals who still got mistakes over not setting stop-loss but ain't most of the time, most traders have stop losses in them. For HODLERs they tend to do the DCA method since they are into the long term and they doesn't care enough for short term price actions.

[Raflesia]

Answer is very simple if u want to hold for long term no need of stop loss. I will recommend you not hold your longvterm coin on any exchange. Trustwallet or metamask or any wallet you can used.
If you want to take a short profit than stoploss is mandatory. Sometime market crash little and you can loss much.

Suggest about hardware wallets too, they're one of the best in terms of holding for long term. I've been doing that for years and never had any problems.

But those wallets that you've mentioned, they're also good if you don't have the budget to buy for your own hardware wallet. A market crash can literally make you fall into more losses if you've diversified that much.

The average stop-loss is applied to short-term trades they will always worry if a decline occurs suddenly because no one knows the prediction so it is very necessary even I often do it.

I often use hardware wallets as crypto shopping bags, where I have found a coin point that will be held for a long time so that is indeed the best way with our hardware wallet, it is much safer than the word danger as long as the private key is still safe, and that's one factor assets are not lost.

Maybe a holder will look at the market once when some positive news comes along.

[jossiel]

Answer is very simple if u want to hold for long term no need of stop loss. I will recommend you not hold your longvterm coin on any exchange. Trustwallet or metamask or any wallet you can used.
If you want to take a short profit than stoploss is mandatory. Sometime market crash little and you can loss much.

Suggest about hardware wallets too, they're one of the best in terms of holding for long term. I've been doing that for years and never had any problems.

But those wallets that you've mentioned, they're also good if you don't have the budget to buy for your own hardware wallet. A market crash can literally make you fall into more losses if you've diversified that much.

The average stop-loss is applied to short-term trades they will always worry if a decline occurs suddenly because no one knows the prediction so it is very necessary even I often do it.

I often use hardware wallets as crypto shopping bags, where I have found a coin point that will be held for a long time so that is indeed the best way with our hardware wallet, it is much safer than the word danger as long as the private key is still safe, and that's one factor assets are not lost.

Maybe a holder will look at the market once when some positive news comes along.

A holder also speculates the market. He may stop his losses if he wants to and convert to stable coins for a while before his entire assets goes into losses.

It doesn't mean that he just have to hold but he's also free to cut losses if it's necessary. But most of us holders, we literally wait until the market is favorable and most likely accept whether we're in losses.

[DibiaVxosis]

Risk management is key and stop loss is part of risk management, so bad I got burnt many times trading without stop loss before I got to learn my lessons, at first I did be in profits and refuse taking profit which could be seen as greed and at the end I did close the trade at loss, later learnt to control my greed but never learnt the most important which is managing risk, the last big dump which happened took me unaware and I almost lost everything so I vowed never to  trade without stop loss.

[osasshem]

Due to the market high volatility, stop loss is very important for a trader, as for me, I trade with less than $1k, so it doesn't really affect me because the market won't really get to me that hard as I hold for a while before selling of for some little profits that comes out at any given rise in price.
Well, as a big time trader, taking advantage of every deeps and bulls of the market gives room for profit and that is why the stop loss is of a very great importance to keep you at the safe side, so as to take you out when your expected analysis doesn't go in well. Fundamental analysis always have it's effect more than the technical analysis, though in crypto world, they go hand in hand.

[checkmatesir]

Stop Loss is very important in doing trading because it stops you from getting into loss which is quite beneficial. Whenever I get into it I use stop loss for many of the coins which prevents me from much loss and even i didn't get that much loss. I prefer for every trader to user stop loss.