Stop losses

[James Watson]

Stop loss is a must. No stop loss can only mean that you don't have a trading plan.
HODL is also price sliding within your plan, don't be too naive buddy. If you can think that your Bitcoin will not be traded for 3 years or more, this may be right (many people have proved this)

Man, there is one thing you should keep in your mind. There is no plan to stop loss, it is very dangerous.

[LongStand]

Stop losses trick is a request to a trader to purchase or sell a specific coin at particular cost once hits that price. A stop loss order is used to keep broker's risk on a safety locus to a minimum. A stop-loss is outlined to restrain an investor's misfortune on a security position.

[jostorres]

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

If you keep trading at one direction like keep buying at dips and then holding for considerably long duration then probably you will never need to go for stoploss. Stoploss is heavily needed only for those traders who buy as technical things and when their technical fails (due to heavy market fluctuations, we can expect our technical analysis make get failed time to time).

there is one thing you should keep in your mind. There is no plan to stop loss, it is very dangerous.

Trading without stoploss levels might lead to complete liquidation of your account in the end hence you are right but bitcoin may not keep falling forever which might be the reason why long-term holders are never bothering about stoploss levels.

[sulendra12]

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 do stop losses, but in one condition. If I am down until the threshold I have made before(for example 10 - 15%) AND I have other coins that I think is promising at the time I would like to do stop loss then I would change the coins to something else. No matter what it is, it depends on the condition itself. There is no absolute stuff on trading.

[nowlscor18]

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

Yes, I agree. In trading stop loss is a tool designed to limit the maximum loss of a trade by automatically liquidating assets once the market price reaches a specified value. There are multiple types of stop loss that can be used in different scenarios depending on the crypto market situation. It can sometimes be difficult to avoid loss due to the many possible market outcomes, but stop loss can be helpful even for new and inexperienced traders. Stop-losses are essential for risk management, traders can calculate what position size to take and how much money to risk in a single trade. Stop losses is a technique for you to avoid a big losses in trading and I think it will help traders to survive especially to all the newbies that doesn't know yet the technique on preventing having big losses.

[gamer4156]

I believe is least founded on my estimation then I simply hold. Generally I do that when I purchased utilizing single amount procedure and for long haul. Then, at that point, on the off chance that you decide to hodl you needn't bother with a stop misfortune aside from you wish to pull out then purchase a greater amount of the plunge when it continues to go down. I trust the people who frequently lose should utilize this so they don't lose a lot.

[iv4n]

I believe is least founded on my estimation then I simply hold. Generally I do that when I purchased utilizing single amount procedure and for long haul. Then, at that point, on the off chance that you decide to hodl you needn't bother with a stop misfortune aside from you wish to pull out then purchase a greater amount of the plunge when it continues to go down. I trust the people who frequently lose should utilize this so they don't lose a lot.

I do the same, I don't cut my losses when I trade with BTC and ETH, I simply move bought coins on a side and I wait for some uptrend, which comes sooner or later for these two coins! I rather do that, and I buy more when the price surprises me and make a dip! Cutting losses is like scalping, or at least I see it like that! You stop losses and you wait for the price to dip to buy, and that can happen or not, my short-term predictions were mostly wrong (more losses than profits) and I stopped doing that for that reason! As you say focusing on long-haul is better in my opinion, and it's more profitable for me!

Occasionally I have some investments in some alts, when I trade with some of them I like to use stop-loss, it's when I am not completely sure in the specific alt, and I don't have enough time to monitor the price movement... saved me a few times pretty good!

[Patigi]

Stop losses on, If you decide to trade, trade with big capital or invest with huge capital and don't trade with only one coin, trade on different coin both Bitcoin and altcoins after you have did a good research about coins. And you should also learn how to hold some coins, so such coins you  hold can pump and after pumping you can sell to recover to stop your losses.

[zaesvlas]

For a trader, this is a really important tool. Without this, it will sometimes be quite difficult not to lose money in the trading process.

[arbifahrozy]

I always set stop loss whenever I enter into trading, as it has the satisfaction for not getting into more loss. So, I also prefer to all of the traders, mostly to use the stop loss as it has not only stopping someone from loss but it prevents also from more loss, try to use this trading best feature to get into profit and do it.

[beerlover]

mostly to use the stop loss as it has not only stopping someone from loss but it prevents also from more loss, try to use this trading best feature to get into profit and do it.

Loss and more losses are same thing technically when you are not good in technical part. Develop a strategy which never requires any stoploss (I do not mean that you never need to go for stoploss but you put it always but it should never get triggered). I mean even many small losses by triggering stoploss may get you into bigger one over the time. So, stoploss driven small losses will not ensure your success.

With very staring technical analysis, we can get up to 90% of profitable trades and the remining 10% may get us small losses means then we can be richer in 6 to 10 months of time. When your technical analysis is not good and even you exit at stoploss levels then you may lose all your capital in one to three months of time, considering you set stoploss by 3 to 5% of your capital.

[Rehan Zakir]

I think stop loss is the best than holding if you get huge loss. Stop loss is a very useful tool in trading. I think in every trade stop loss is necessary. If any sudden pump or dump comes in market, and you got huge loss. So, prepare yourself before any sudden action in market. So, place stop loss in every trade is a good decision. Because crypto market is highly volatile market.

[noormcs5]

I think stop loss is the best than holding if you get huge loss. Stop loss is a very useful tool in trading. I think in every trade stop loss is necessary. If any sudden pump or dump comes in market, and you got huge loss. So, prepare yourself before any sudden action in market. So, place stop loss in every trade is a good decision. Because crypto market is highly volatile market.

Stop loss will not only let you reduce your loss but at the same time, if your trade idea was wrong and market hit your stop loss, you can also re-enter in the opposite direction and make money. Without the stop loss, you will either end up liquidated in futures market or keep on holding the assets in losses for long term duration.

[Alisha FR]

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

Stop loss can't work effectively, and several stop loss events I've experienced resulted in losses without further consideration. In deciding trades I pursue profit targets. So holding is the last option I will do if there is a big decline.

[nhaila]

You can never say for sure how the loss came or will come. However, in some cases, even a small loss can be recovered. You just have to be more discriminating with the help you render toward other people. You should not enter the market and trade in a hurry. Before trading, you need to know the price of the coin, its position in the market, its volume, and the transactions on the exchange.

[Fredomago]

I think stop loss is the best than holding if you get huge loss. Stop loss is a very useful tool in trading. I think in every trade stop loss is necessary. If any sudden pump or dump comes in market, and you got huge loss. So, prepare yourself before any sudden action in market. So, place stop loss in every trade is a good decision. Because crypto market is highly volatile market.

Stop loss will not only let you reduce your loss but at the same time, if your trade idea was wrong and market hit your stop loss, you can also re-enter in the opposite direction and make money. Without the stop loss, you will either end up liquidated in futures market or keep on holding the assets in losses for long term duration.

This feature still in the traders hands, like what you have said having this tool in your trading position will have both good and bad sides, if you anticipate something that went wrong the tool will automatically triggered to avoid having huge losses, this setting also have a bad side since we are inside crypto where volatility is really hitting our position, quick dump and very fast recovery will lead us to lose.

You need to understand well in order to use this function. In effectively bring you profits, or just to favor your side whatever direction the market will go.

Don't stop doing your DYOR and make sure that you analyze the market before setting your stop-loss functions.

[Oilacris]

You can never say for sure how the loss came or will come. However, in some cases, even a small loss can be recovered. You just have to be more discriminating with the help you render toward other people. You should not enter the market and trade in a hurry. Before trading, you need to know the price of the coin, its position in the market, its volume, and the transactions on the exchange.

Losses are inevitable and your profitability will really vary according on the action that you had made and we know that stop losses are really useful when it comes to shorting or making active trades then its up to you whether you do cut loss or wait up for some recovery.

Not all are really that fan of using this tool because once you had sell then thats considered to be total lost unless you havent sold
your coins then thos arent considered to be total lost.

It would be only good for those short trades or who do trade actively.

[melissacarter]

Stop loss is necessary to prevent losses while you do trading. But once you HODL, you don’t really need to set up a stop loss because you are watching the coin.

[nur rochid]

You can never say for sure how the loss came or will come. However, in some cases, even a small loss can be recovered. You just have to be more discriminating with the help you render toward other people. You should not enter the market and trade in a hurry. Before trading, you need to know the price of the coin, its position in the market, its volume, and the transactions on the exchange.

In carrying out execution actions in the market, of course, we must have prepared a framework, possible market scenarios that will form, so that we can calculate the possibility of profit and possible loss. from there we can state that the position is feasible to trade or not. and after that we can place pending orders and place TP and SL

[Sihab76]

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

Obviously you can stop losses. If you a trader then you can do it easily. In the future trade stop Lossing is an important but spot trading and holding not a mandatory .