Stop lose trading feature

[BIN-BIN]

I Am stock in-between the decision to trade and when to go on a break from trading, but I will like to have my capital on a stable trade and am considering using the stop lose features on the exchange to execute trades on my behalf while being away.
So have anyone used the stop lose the feature please share your experience.

[Ararbermas]

I've been using stop loss (STOP LIMIT) in binance exchange and its very helpful base in my experience wherein to prevent massive losses. Actually i used that feature only when I'm tired watching the movement of the candles especially if i want to go sleep, because leaving your money without such stop loss is really a bad idea, i mean it's so dangerous and there's a chance that your account will be liquidited without knowing.. So much better to always have a stop loss everytime when you trade, it's a very safe way wherein no need to worry even you go for vacation.. 

[JooBra]

I Am stock in-between the decision to trade and when to go on a break from trading, but I will like to have my capital on a stable trade and am considering using the stop lose features on the exchange to execute trades on my behalf while being away.
So have anyone used the stop lose the feature please share your experience.

Since I started trading I use stop loss. It's a must and you can sleep easier with that believe me.

[seleme]

Nothing special to use the stop-loss feature, you can put stop-loss limit orders on any crypto exchange. Always remember to cut the loss and don't let the red streak melt your balance. Before creating new trade, do your homework and use the stop loss/ take profit orders, otherwise, the market can go below/up than mentioned levels faster than the blink of an eye if the bad news gonna hit the industry.  Checking the news calendar was one thing on forex markets, not we don't have that option in crypto trading platforms. Having a stop-loss limit orders only method to save us at the moment.

[JeromeTash]

It's a good tool, especially when you are away from the charts. But even when I am watching the markets. So long as I am trading futures especial using high leverage. The stop loss is set as soon as I open a position. You should be willing to take a loss of 20-30% which a corresponding higher take profit.

Just make sure your win rate is a little higher, Maybe somewhere near 60%. Your account will grow over time.

[blockman]

I Am stock in-between the decision to trade and when to go on a break from trading, but I will like to have my capital on a stable trade and am considering using the stop lose features on the exchange to execute trades on my behalf while being away.
So have anyone used the stop lose the feature please share your experience.

Yes. It's what you need if you're away and you have a specific target of loss like 5% and below. That's going to be your metric upon not monitoring your trades so it'll automatically sell at losses before you get more potential loss. It's actually a good thing to cut your losses and this is very common for many traders but for someone who doesn't trade and just hold, they also can do this at their will if they think that they can no longer hold the pressure and they're about to sell at losses.

[goinmerry]

I Am stock in-between the decision to trade and when to go on a break from trading, but I will like to have my capital on a stable trade and am considering using the stop lose features on the exchange to execute trades on my behalf while being away.
So have anyone used the stop lose the feature please share your experience.

Try manual trading for now. Learning how to use the stop-loss feature can be done later on. As much as possible, don't come to the point that you will use that feature. If you don't have time to trade, then just skip trading for that day. Only do trading if you have more free time instead.

You are struggling to trade manually so what's more when you are using a stop-loss.

[tranthidung]

I've been using stop loss (STOP LIMIT) in binance exchange and its very helpful base in my experience

Stop-loss and Stop-limit orders are different.

• One of the Best Weapons in Trading
• What Is a Stop-Limit Order?

Stop limit order is used to support stop loss order in situation market crashes too fastly. You don't know when it happens and you don't have time to set your orders manually. Stop-limit orders will help you but you have to identify your exit and risk-reducing price for such orders.

[LastKiss]

I Am stock in-between the decision to trade and when to go on a break from trading, but I will like to have my capital on a stable trade and am considering using the stop lose features on the exchange to execute trades on my behalf while being away.
So have anyone used the stop lose the feature please share your experience.

Stop lose feature is indeed useful but only in stock exchange in my opinion since crypto market is really volatile it's better for me to watch it's movement by myself. I dont want just because some people dump my precious coin and by using the stop loss feature it will become my boomerang 

[adaseb]

Here are a few tips if you are going to use stops. Always use stop market and if you use stop limit, make sure the limit price is large enough from the stop, because there are times when it can come completely crashing down and there won’t be any liquidity to fill your stop if it’s too close to the stop price.

Another tip I don’t put your stop on the daily high or lows or near psychological numbers. Like if you bought BTC now don’t put your stop at $60000. There is a very high probability that the $60K will get run and it will stop you out and might reverse. Basically a liquidity trap.

[jrrsparkles]

I Am stock in-between the decision to trade and when to go on a break from trading, but I will like to have my capital on a stable trade and am considering using the stop lose features on the exchange to execute trades on my behalf while being away.
So have anyone used the stop lose the feature please share your experience.

Stop loss is a useful feature to save us from capital loss which normally occurs due to the sudden market dumps, ofcourse you can trust the feature on exchanges like Binance but you need to know and set the percentage of fall so that the feature will execute your order.

[Coin_trader]

I Am stock in-between the decision to trade and when to go on a break from trading, but I will like to have my capital on a stable trade and am considering using the stop lose features on the exchange to execute trades on my behalf while being away.
So have anyone used the stop lose the feature please share your experience.

Stop lose usually use for a shot term trade like futures trading or margin trading due to the short liquidity margin on user balance. But since you are planning to leave trading for quite some time, I think you are pertaining to spot trading and usually spot trading is meant for a long term holding or atleast you are buying a coin that you expect it wll grow in the future that's why you will leave it as is. Stop loss is commonly use to avoid total loss on an asset once there's a huge fluctuation on price but if you are a spot trading, It might be devastating if ever the coin you are holding hit your stop loss then bounce back again for another high.

[Zackgeno96]

All of us are using stop loss it is one of the simple yet powerful tool in trading. Not only stop loss but also a stop limit for the opposite one, whenever you will enter a trade always consider a take profit and stop loss price and only stop trading when either of those two targets were reached so once you have finished your analysis then you should be able to determine your stop loss and take profit price.

[cheezcarls]

This is exactly what I’ve been doing nowadays. I usually set my stop trading percentage between 20% to 30% when doing futures or copy trading. My mistake a long time ago is not knowing about stop loss in which I’ve lost a lot of money in crypto trading. It’s really important for you to know this feature no matter what trading platform are you using (especially take profit or TP).

[palle11]

I Am stock in-between the decision to trade and when to go on a break from trading, but I will like to have my capital on a stable trade and am considering using the stop lose features on the exchange to execute trades on my behalf while being away.
So have anyone used the stop lose the feature please share your experience.

Since I started trading I use stop loss. It's a must and you can sleep easier with that believe me.

@ sleep easier yes and that is true. Stop loss is needed in every trade to cut down on losses when we are not there. It is not easy for newbies to follow because they don't want to put out any money for loss , they get greedy with not applying it and they make profit but later that profit will disappear when the market start bouncing against them.

[awik p]

This is exactly what I’ve been doing nowadays. I usually set my stop trading percentage between 20% to 30% when doing futures or copy trading. My mistake a long time ago is not knowing about stop loss in which I’ve lost a lot of money in crypto trading. It’s really important for you to know this feature no matter what trading platform are you using (especially take profit or TP).

The size of the stop loss does depend on the individual trader, where the comfort of taking the risk. Of course, with the stoplos we will feel safer when we don't see the market, so we can do other offline activities without having to be afraid of facing a market that suddenly crashes. On the other hand, take profit should also be set with the same purpose as stop loss

[carrigan]

I think stop loss is very important when you are trading. There is no guarantee that trading will always make a profit. You use any indicator or technique, there are times when you lose. Don't want to lose? Don't be a trader! The main essence of trading is about managing profit and loss. We should use stop loss to limit losses. Losing trading is normal. But trading until a big loss is a disaster. So this stop loss feature can minimize the losses you will experience, therefore it is important for you to use the stop loss feature.

[tazmantasik]

I Am stock in-between the decision to trade and when to go on a break from trading, but I will like to have my capital on a stable trade and am considering using the stop lose features on the exchange to execute trades on my behalf while being away.
So have anyone used the stop lose the feature please share your experience.

Never use with stop loss feature when trading although my coin down, I think what for using stop loss feature because many time when coin you sell price pump. You need to make some great points about coin to buy and never use your feeling when buying some coin because you can loss much assets. I think is not worth for using stop loss feature and not working yet because coin can pump and take recovery back higher price when get good news by bitcoin pump.

[sana54210]

I will like to have my capital on a stable trade and am considering using the stop lose features on the exchange to execute trades on my behalf while being away.

I guess an example will help you understand better how a market and stop-loss order works.

Say a coin is trading at $100 and you want to buy it when it will be trading above $105, then you need to wait until market reaches $105 level or you may go for stop-loss order to get ready when market is still trading below $105 levels.

(If you wonder why you need to buy at $105 when prices are cheaper around $100, then you need to work on TA and how signals work).

If you want to buy higher than current-market-price then you need to go for stop-loss order; to buy lesser than current-market-price, you can go for normal order.

Same applies for selling also. Like, to sell higher than current-market-price then you can simply go for normal order. To sell lower than current-market-price then you need to go for stop-loss order.

[Cryptoababe]

I Am stock in-between the decision to trade and when to go on a break from trading, but I will like to have my capital on a stable trade and am considering using the stop lose features on the exchange to execute trades on my behalf while being away.
So have anyone used the stop lose the feature please share your experience.

Using stop loss features doesn't mean you wanna go on trading break. Stop loss is only meant for minimising loss.
As ive understand you so far, seems you are trying to say that you hardly make profit while trading but lose So, you wanna take a break from losing your funds.