Stop lose trading feature

[checkmatesir]

Simply when you are being tired of watching the coin again and again and you didn't have much time for that, then strop loss will help you a lot, put the stop limit there and just do your work, but should be set the stop loss at a place which you want to be agree, so it will help you a lot and can prevent from more and more loss.

[sana54210]

Simply when you are being tired of watching the coin again and again and you didn't have much time for that, then strop loss will help you a lot, put the stop limit there and just do your work, but should be set the stop loss at a place which you want to be agree, so it will help you a lot and can prevent from more and more loss.

What do you mean by "agree"? A price level that we are not expecting to happen? A common practice must be, placing the stoploss order is recommended to be placed at the trend change price levels which means if such a price level is reached then we cannot expect the market to be getting back in our favor. So, I understand that you are referring by "agree" a price level where the changing of the direction of market happening from our prediction.

if we are comfortable without using a stop loss, we may be able to do a cut loss if the market is outside the support area, so that the trading strategy can still be executed properly.

Cutting the losses manually at the time of such prices happening like breaking the support levels and then market enters to bearish mode completely then you must need to watch market continuously. Usually I do not prefer to watch the market once my position enter in negative direction hence placing stoploss order well in advance is better option for me.

[teosanru]

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.

I think you mean stop loss feature, I think every good trader uses the stop-loss feature, some people use it for entry when they want to enter on a breakout and also use it for exiting the trade whenever they want to exit on a breakdown. It's a pretty good feature and must be used by every trader but just like other things in trading you get the know-how of using it only after taking a lot many hits on your capital. The problem with these features is that there are tools that many whales use to track stop losses in the market which they then try to hit and reverse the market immediately after hitting that point. So you need to know where to place your stop losses, under which psychological supports should they be placed. If you learn all this, you can avoid stop loss hunting by whales to some extent and this feature can be used nicely.

[lixer]

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.

Well, if what you’re looking for is a tool that is going to help you to avoid loss in the market when you’re not there to watch your screen, then the stop loss tool is going to do just that for you. But, I do see people who complain that they don’t like the stop loss tool, because it makes them to miss out on opportunities that would have fetched them money after the market quickly goes up after the decrease that activated the stop loss.

Well, what these people are not understanding is the main purpose of this tool, which is simply to prevent your losses from going further when you are not there to watch your screen. If you think the tool will be helpful to you, then you can go ahead and use it.

[CryptopreneurBrainboss]

If you are going for a long term trade then why do you need a stop loss? You can use stop loss for trades when you do an analysis it's like a safe net for a dump it's actually an optional but it was highly recommended and very powerful tool in trading. If you want stable coins then you can just leave your money to stable coins such as USDT, DAI, BUSD and other stable coins that is not volatile.

It doesn't matter if you're trading for long term or short term, stop loss is always a very important tool to take advantage of. It helps protect you against market volatility that put you at lost. If you're holding then take your coins off exchanges and keep in your private wallets. You also have to understand that stop loss doesn't always means you have to exit the market with minimum lost.

Stablecoin are volatile but at minimum, stop loss shouldn't be undermined, in a market as volatile as the cryptocurency market it has its role to play  if 90% of the traders did understand how to use this tool effectively. They wouldn't be in the situation that made many end up losing to the market resulting in a quit from trading.

[tygeade]

It doesn't matter if you're trading for long term or short term, stop loss is always a very important tool to take advantage of. It helps protect you against market volatility that put you at lost.

For long term, you may wait for bounce back of market direction hence stoploss may not be needed for long term holding. This is the usual practice at least for bitcoin long term trading which may last for years.

in a market as volatile as the cryptocurency market it has its role to play  if 90% of the traders did understand how to use this tool effectively. They wouldn't be in the situation that made many end up losing to the market resulting in a quit from trading.

Yeah all volatile markets must need stoploss to protect capital from big losses. Failing to execute stoploss at trend changing price level might lead to quit trading if the trader unable to get some more funds to continue trading. I had such bitter experiences in forex trading and then finally got into bitcoin trading with long term holding plans where I never need to worry about negative direction of market and stoploss.

[carlisle1]

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.

Well, if what you’re looking for is a tool that is going to help you to avoid loss in the market when you’re not there to watch your screen, then the stop loss tool is going to do just that for you. But, I do see people who complain that they don’t like the stop loss tool, because it makes them to miss out on opportunities that would have fetched them money after the market quickly goes up after the decrease that activated the stop loss.

Well, what these people are not understanding is the main purpose of this tool, which is simply to prevent your losses from going further when you are not there to watch your screen. If you think the tool will be helpful to you, then you can go ahead and use it.

I see your point and I'm sure is not only you who noticed that. There are traders who hates this tool as they are missing opportunities.

They forgot that the market is highly volatile, a quick spike already made them lose those good chances of earning decently.

Before you use this tool better to make sure that you are well informed about the strategy that you'll going to input, it will help you a lot not

to missed those chances but rather you'll be able to maximize your projected profits.

[geegaw]

Simply when you are being tired of watching the coin again and again and you didn't have much time for that, then strop loss will help you a lot, put the stop limit there and just do your work, but should be set the stop loss at a place which you want to be agree, so it will help you a lot and can prevent from more and more loss.

Well, except that we no longer have to spend time twirling around charts and prevent the wound from expanding, this feature will at least help us stop being too hesitant, become more decisive because when we see the loss with our own eyes and then issue a stop loss order, it is very normal to feel shaky and not dare to do it, undeniably failure makes us less daring to face. Stop loss will indirectly reduce the pain of loss, not seeing too much will not feel regret, this tool is automatic and no emotion

[justdimin]

Stop loss will indirectly reduce the pain of loss, not seeing too much will not feel regret, this tool is automatic and no emotion

I get your point like we need to go for stoploss without giving any room for emotions and this way, we may not need to regret when the losses are at minimum levels. Yeah, I agree that overall stoploss orders helps us to reduce the losses which must be great thing when heavy losses tend to give us more pain.

There are traders who hates this tool as they are missing opportunities.

People hate stoploss when they watch about bouncing back of market direction after triggering stoploss levels. In my opinion, it may happen when you place stoploss within trend. You must place stoploss only beyond current trend then most times market will not trigger stoploss if there is no change in trend or may not bounce back after triggering stoploss (new trend will continue).

[LUCKMCFLY]

Simply when you are being tired of watching the coin again and again and you didn't have much time for that, then strop loss will help you a lot, put the stop limit there and just do your work, but should be set the stop loss at a place which you want to be agree, so it will help you a lot and can prevent from more and more loss.

There is a way you have to make exclusive protection for the function and not lose, in my case I do the following:

1.-I place Stop Loss.
2.-I place Take Profit.

The trading that must be done is in the medium and long term, when scalping the trading technique or strategy does not work, in this case I think that the loss functionality decreases substantially. When you trade in this way, you save a lot of time, of being on the PC watching all day, and you can leave the orders with peace of mind.

This is my way of trading when I take cryptocurrencies that carry some history, on other occasions I have done well in the NFTs.

[coinfinger]

I agree that overall stoploss orders helps us to reduce the losses which must be great thing when heavy losses tend to give us more pain.

The main purpose of stoploss order is cutting the losses at possible minimum level so so if you are finding losing even small amount of your capital is so much of paining then you are not eligible for trading at first hand. First you must need a level of maturity to accept losses because losses in trading is inevitable.

Overall, you must need to find the purpose of stoploss like when you are not exiting at stoploss level then there would be a chance for losing all your capital within one trade it means you must need to go back for arranging new funds for continuing your trades but stoploss help avoiding that kind of situation.

[Dewi Aries]

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.

Not only while we being away, because for now trading activity can be done in mobile too. Maybe will be used for something that we really can't avoid to do like sleep, of course we don't want to get liquidated when we are sleeping, and maybe if really worried that market will move againts what we aim.

[smartaction]

Stop Loss is a good Features And this features has all the exchangers. This often works well when the market crashes. We should use Stop loss coz it will Shield a big losses.

[MIner1448]

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.

What is stopping you while you are away or on the road to put the mobile version of the exchange on your phone and calmly trade at least every minute? After all, now the whole community, in my opinion, trades through a mobile application, when there is no time for a computer, and so on.

[Hippocrypto]

Stop Loss is a good Features And this features has all the exchangers. This often works well when the market crashes. We should use Stop loss coz it will Shield a big losses.

Indeed. Stop loss minimize your losses and also those risk you might possibly encounter when you trade. But I think it will depend on the people if they will use it or not. Stop loss will be a big help also when market crashes. Stop loss will indirectly reduce the pain of loss, not seeing too much will not feel regret, this tool is automatic and no emotion

[checkmatesir]

Always try to use the stop loss as much as you can, it has the feature of binance which can help every trader in order to keep the trader away from further loss even when he is doing some other work and don't have that much time to look again and again to the coin which he has bought or even he want to buy, so I would be better to use indeed at that point.

[lightning0]

The crypto market is very unstable and prone to sudden rises and falls. Stop loss is an important part of cryptocurrency trading. Setting a stop loss before trading can avoid huge losses due to greed.

[BuNga_cute]

Always try to use the stop loss as much as you can, it has the feature of binance which can help every trader in order to keep the trader away from further loss even when he is doing some other work and don't have that much time to look again and again to the coin which he has bought or even he want to buy, so I would be better to use indeed at that point.

Actually the stop-loss feature is only used by traders who make short-term trades, so they can minimize losses if the market suddenly drops.
And the trader can buy again at a much lower price, but for investors who do invest in Bitcoin for the long term, there is no need to use
the stop-loss feature. Since the investor is not worried about the Bitcoin price falling, he will not sell it until the desired target is reached.
So ask yourself, do you want short-term trading or do you want long-term investment.

Then regarding the stop-loss feature, it is now available on several exchanges, one of which is on Binance exchanges, it is very helpful for traders
who really want to do day trading. Therefore, with the stop-loss feature, it is very helpful to avoid large losses, as you said not everyone can check
the market all the time. Because sometimes there are other activities in the real world, which makes us not have much time to pay attention to
the market. That's the importance of using the stop-loss feature, except as I said before we really want to invest in the long term not using
the stop-loss feature is not a problem.

[judaspriest]

Always try to use the stop loss as much as you can, it has the feature of binance which can help every trader in order to keep the trader away from further loss even when he is doing some other work and don't have that much time to look again and again to the coin which he has bought or even he want to buy, so I would be better to use indeed at that point.

Yes, I think the stop loss feature is a solution for traders who don't have much time and it's very helpful for sure,
moreover nowadays it seems like more and more exchanges are providing the feature,
this is a good step of course and hopefully later there will be new features again

[Hobo66]

It is undeniable that the value of cryptocurrencies is highly unstable. You have no way of thinking that what the price will be. As a result the newbies frequently utilize stop losses. It is a tool that a person uses to overcome the risk of losing money in trading. However. how the user uses this tool is entirely up to him. This tool has the potential to be good but  it has also the potential to be dangerous.