Stop lose trading feature

[South Park]

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

In my opinion using a stop loss is a must, it is impossible for a person to monitor the markets 24/7, there are markets like the stock market that in theory can be monitored by humans as they open and close at a a certain hour and you even have free weekends, this does not happen in crypto, so you either close all your traders when you know you cannot give any attention to the markets, like when you go to sleep, or you risk a huge movement happening while you are sleeping and losing a massive amount of money if you are not using a stop loss.

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[Tellek Garing]

Stop lose features is mostly useful to newbies in trading who might not have the needed skills to monitor their trade at all time and those who are not active in trading who spent some of they time off trading and this feature help to executes trade on their behalf.
My friend have constantly used the stop lose feature and its really helping him to avoid lose.

[milewilda]

Stop lose features is mostly useful to newbies in trading who might not have the needed skills to monitor their trade at all time and those who are not active in trading who spent some of they time off trading and this feature help to executes trade on their behalf.
My friend have constantly used the stop lose feature and its really helping him to avoid lose.

Stoploss could really be that relevant into those who do make out some shorterm trades too and not only just for those idle or long term swings
because this is something a good or useful tool when you do make out short terms too but honestly it would really be depending or according into
your needs because this isnt anytime needed unless if you are really that conservative when it comes to your capital and tending to spend a small
percentage and able to handle out some good risk management.

[passwordnow]

Stop lose features is mostly useful to newbies in trading who might not have the needed skills to monitor their trade at all time and those who are not active in trading who spent some of they time off trading and this feature help to executes trade on their behalf.

Not only to newbies but for everybody. It's very important that you use stop-loss feature if you're not at your computer most of the time. This is good for those working people that also trade whenever they go home or they are at their free time.

My friend have constantly used the stop lose feature and its really helping him to avoid lose.

It's not avoiding lose but it's about how you minimize your potentially losses and that's good for your friend if he maximizes the use of it.

[dificanovi]

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.

Traders and investors must always use the stop-loss feature so that they avoid losses. Every human being must have bedtime and vacation time to please our mood, at times like that the role of the stop-loss feature is very useful.
As at this time the price of Bitcoin in the market often goes up and down so we are always anxious and careful in trading.
With the stop-loss feature we can be comfortable in trading and in general all exchanges must use the stop-loss feature so that users are not easily harmed.

[Tellek Garing]

Stop lose features is mostly useful to newbies in trading who might not have the needed skills to monitor their trade at all time and those who are not active in trading who spent some of they time off trading and this feature help to executes trade on their behalf.

Not only to newbies but for everybody. It's very important that you use stop-loss feature if you're not at your computer most of the time. This is good for those working people that also trade whenever they go home or they are at their free time.

My friend have constantly used the stop lose feature and its really helping him to avoid lose.

It's not avoiding lose but it's about how you minimize your potentially losses and that's good for your friend if he maximizes the use of it.

Well the stop lose features does not only apply to newbies alone but also members who ate not always online to execute a trade when the market is going against them and in other to limit the amount of lost most traders adopt this features. But why I mentioned newbie is because of the fact that mist expact traders know about the stop lose manually by monitoring they trades.

[Jazzi Mahesh]

The main purpose of a stop loss is to ensure that losses won't grow too big and hence you should use this strategy with utmost care.

[doomloop]

The main purpose of a stop loss is to ensure that losses won't grow too big and hence you should use this strategy with utmost care.

You are right but practically I am not going for stoploss levels for my trading well in advance but only when market is coming down near my stoploss levels then I will exit. This may sound like I am not making use of stoploss feature with care but I am just watching market noncontinuous after opening a position then I guess I am still taking care of my trade with all my sense.

Previously I never opted for going for booking at losses like I will leave off my position so that market will come back to get me some profit before exiting. But, that way I have lost very big money when bear market are more dominating. So, now I guess I am into right track by exiting at stoploss levels even I am not placing such orders before hand.

[South Park]

Stop lose features is mostly useful to newbies in trading who might not have the needed skills to monitor their trade at all time and those who are not active in trading who spent some of they time off trading and this feature help to executes trade on their behalf.
My friend have constantly used the stop lose feature and its really helping him to avoid lose.

A stop loss is useful for any trader not only newbies, a stop loss is there to help you minimize your losses and this is something that benefits every single trader regardless of their experience level, if anything a stop loss can be even more important for advanced traders as they will have the tendency to use leverage, and we know that leverage can be incredibly dangerous as we know the losses can be multiplied many times over and without a stop loss a single correction in the price can be more than enough to make you lose all your money.

[taufik123]

potentially good because it will stop more and more losses . The use of the stop loss feature is only an alternative and is not to be used regularly. it just stops the loss when there are some emergency things you need to do and don't have time to monitor.
The stop loss feature can be set as desired.
not only beginners who need stop loss but all traders need it because this is a tool that can be used by anyone to stop losses on trades automatically according to the settings that have been made.

[DarkDays]

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.

As you say, the stop-loss function can act in both ways, and it is up to each user to ensure they utilise it to maximise their position. It is not that the tool itself is not a good thing, by all means it is great in keeping your assets safe and your mind at peace, and so as with most things in trading or otherwise it is about its use. Many traders I know take advantage of this feature, and I too agree it shouldn't be overlooked.

[Fatunad]

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.

As you say, the stop-loss function can act in both ways, and it is up to each user to ensure they utilise it to maximise their position. It is not that the tool itself is not a good thing, by all means it is great in keeping your assets safe and your mind at peace, and so as with most things in trading or otherwise it is about its use. Many traders I know take advantage of this feature, and I too agree it shouldn't be overlooked.

Its a tool which does have significant use and the positive or pros does outweighs its cons if you do ask me because this do really stops on wrecking your capital in whole and able to stop on wiping it out.

You could only say that it is a mistake or not a good tool is on that you had missed out on making profits if it turns out to have some rebound after the SL had been triggered out.

I had already experienced this one thats why you should really be wise on where you would be putting those stop losses for your benefit.

[TheGreatPython]

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, I do make use of the stop last feature for trading at times. It is quite a useful tool for traders, because it will help you to be able to manage your risk while trading in the cryptocurrency market and to cut short your losses. it's hard to predict when the market will go against, so you might end up losing more than you have expected. But with the stop loss feature, you can be able to stop that loss from going further more than it should.

Although I have seen some people who said that they don’t like the stop loss tool, because sometimes the market do reverse back up, and they end up missing an opportunity of earning when the market reverses. So, anyone who is making use of this tool should understand that it is simply meant to stop your loss.

[Fakhrulenclix]

Yes, talking stop loss is a very nice feature for those of us who own very large stocks. this can prevent big losses on the assets we invest. But for me, not all trades are suitable for me to use stop loss, sometimes the decline occurs not for long. because the analysis shows a market revival can occur, so it does not cause losses.

[fullhdpixel]

for me, not all trades are suitable for me to use stop loss, sometimes the decline occurs not for long. because the analysis shows a market revival can occur, so it does not cause losses.

If you are sure about market bounce back then you never need to go for stoploss order. Stoploss feature is only for preventing big losses and unrealized losses could be managed with sufficient capital and moreover for the case of spot trading you never need to worry about temporary negative market movements for getting liquidated.

I have seen some people who said that they don’t like the stop loss tool, because sometimes the market do reverse back up, and they end up missing an opportunity of earning when the market reverses.

This kind of scenario might be happening when you are not having good technical analysis. It means your stoploss level is wrong. Your technical analysis should be capable of covering possible market ups and down and this way, you should have clear idea about overall trend.

[EdenHazard]

Yes, talking stop loss is a very nice feature for those of us who own very large stocks. this can prevent big losses on the assets we invest. But for me, not all trades are suitable for me to use stop loss, sometimes the decline occurs not for long. because the analysis shows a market revival can occur, so it does not cause losses.

A loss is a loss , if you forced yourself to follow the trend especially the downtrend as you expect a market revival .. then this is a point where most newcomer doing it wrong , you better accept the wrong prediction by some losses and this is a stop loss job.

start over and regain back what you have lost is the correct and wise way to trade in discipline.

[South Park]

Yes, talking stop loss is a very nice feature for those of us who own very large stocks. this can prevent big losses on the assets we invest. But for me, not all trades are suitable for me to use stop loss, sometimes the decline occurs not for long. because the analysis shows a market revival can occur, so it does not cause losses.

That is called a whipsaw and there is no doubt that it can be problematic especially when the market is volatile but at the same time is ranging, however I do not think that not using a stop loss under those circumstances is the right call, I think it is better to diminish the size of our position while increasing the range of the stop loss, this way we  do not lose more money and at the same time we give more room to our trading system to deal with markets that are showing those conditions.

[LUCKMCFLY]

Yes, talking stop loss is a very nice feature for those of us who own very large stocks. this can prevent big losses on the assets we invest. But for me, not all trades are suitable for me to use stop loss, sometimes the decline occurs not for long. because the analysis shows a market revival can occur, so it does not cause losses.

A loss is a loss , if you forced yourself to follow the trend especially the downtrend as you expect a market revival .. then this is a point where most newcomer doing it wrong , you better accept the wrong prediction by some losses and this is a stop loss job.

start over and regain back what you have lost is the correct and wise way to trade in discipline.

It is always good to use the stop loss, usually most people use the stop loss to minimize losses, and if it can be used, but it can also be used to maximize profits, in the case of Binance when we have a position In Long and we do not have the option to protect ourselves with the stop loss and the take profit at the same time, we simply run the stop loss where we want the profit to be, it is a simple technique, with the only disadvantage that you have to be aware of the movements.

[Ararbermas]

So have anyone used the stop lose the feature please share your experience.

I think most responsible traders are using stop-lose to avoid huge losses, this is a proven strategy for a very volatile market like cryptocurrency, If you are not using this method then you are risking your money 100% and liquidation unavoidable.   

correct!. Some say it's not useful. Well i think it depends if you're holding long term but when it comes day trading it not really safe to be honest and like what you said liquidation?  Yhup that always happen actually especially to those newbies who take all the risk in future trading. Lol without knowing market isn't perfect wherein not all the time our strategies well be good in it, that's why I'm very thankful that someone build stop loss in order to protect traders from volatility of the market.

[checkmatesir]

Stop loss can be very important in trading with which users can overcome the chances of failure. If once users determined about the condition of market then he just set the stop loss and in this manner there will be less chances to loss money. Cryptocurrency has no surety about the price therefore stop loss can be a better option to lower the loss.