Is Using a Stop loss "Good" or "Bad"

[carlfebz2]

Actually when market starts dumping hard and any big breakdown happens then market can be crashed.So at that time you can have a big loss.So it's good to use stop loss because we know that crypto market is uncertain.

If you do get yourself involved with future or leverage kind of trade then you could really make use of SL's which might save yourself on being liquidated but we know that making immediate action isnt something

that someone could able to do in a fast manner.Yes, it does require some skills and experience on doing so.Also, making use of these tools will vary on how you do make trades neither active or long term ones.

You would be finding it to be relevant once you do really tend to make it use for yourself and find out if its that useful or not really necessary.

[shushu9977]

Using a stop loss or stop limit is very essential to me. Two month ago, I don’t know about the stop loss. Now I always use stop loss and don't waste money. When the market is below, I buy coin and use stop loss. Then I make profit or loss a little amount of money. So, it is very useful and helpful to me.

[Webetcoins]

I agree with people on how you use it will change the good or bad. I mean it is clear decision, and clear answer if you ask me.

It is obvious that if you think that it will do well, and if you arrange it in a way that it is right slightly below the wall, then you will get out before a big crash comes out, but if you arrange it a bit above, then it will bounce back from there and you will lose money. That is why where you put your stop loss matters a ton, for example I wouldn't mind putting it at 37999, because if we go down to 38k there is still a chance, but if we go down under 38k then I can see it go down all the way to 33k range, that is how you decide how to use stop loss.

[carlisle1]

I agree with people on how you use it will change the good or bad. I mean it is clear decision, and clear answer if you ask me.

It is obvious that if you think that it will do well, and if you arrange it in a way that it is right slightly below the wall, then you will get out before a big crash comes out, but if you arrange it a bit above, then it will bounce back from there and you will lose money. That is why where you put your stop loss matters a ton, for example I wouldn't mind putting it at 37999, because if we go down to 38k there is still a chance, but if we go down under 38k then I can see it go down all the way to 33k range, that is how you decide how to use stop loss.

More on how you understand the tools, if you know how to use it as an advantage you can generate a decent amount of profits.

The directions rely on how you maximize the use of this feature, else, just do the usual trade and wait till your position has been fulfilled.

More on self-decision making, if you think it will benefit you or if you think that it turned against you, best to set it up and wait for the

outcome that you are anticipating to take place. Keep in mind that your decision will be the basis of your success, risky but helpful if

you fully maximize this tool.

[tygeade]

as far as I understand if we use a stop loss and want a big profit then we have to look at a bigger time frame as well. it means that our stop loss placement will be further away with the profit target going further as well. actually using a stop loss or not, this is not required, the most important thing is that the trader can understand and take care of himself to remain disciplined in his analysis

This would allow you to actually arrange your stop loss to a point where it is generally going down and going up, you will see that it goes down to a level and bounces after that price, if it goes under that then it would be a new thing and it could mean risk, but it stays above that then it could bounce back.

Famously, we could talk about 38k right now, if it goes under that, we haven't been under 38k in a long time but we are close right now, which means if you put a stop loss to under 38k, then it is either going to go down to 38k at worse and jump higher from there and you wouldn't hit that stop loss, or it will go under and maybe reach like 33k at which point that 37.5k stop loss would help you.

[strunberg]

stop loss was obligation for each traders in any market, we often market move  with high volatility and could up and down only in second. if we didnt set proper money management , maybe our balance could decrease alot only in short time. for balance wealth, stop loss was good thing and there is no reason avoid it.in twitter we often see data about long or sell liquidation , this is the simplest example how the effect while not using stop loss.

[MFahad]

Stoploss save me many times and I think it's very good for safe you from big lose. In 2021 when market down hardly I made Stoploss on all my trade before some days and It saves my 500$ or above. Stoploss is just a tool and its good or bad depend on how you manage it. If you make proper Stoploss on your trade then it will work otherwise its may prevent you from big Profit also

[boyptc]

stop loss was obligation for each traders in any market, we often market move  with high volatility and could up and down only in second. if we didnt set proper money management , maybe our balance could decrease alot only in short time. for balance wealth, stop loss was good thing and there is no reason avoid it.in twitter we often see data about long or sell liquidation , this is the simplest example how the effect while not using stop loss.

This is very needed for those traders that are into margin trading.

Or even in spot but the loss that it can contribute is big in the margin trading. If no stop loss has been made and you're on the opposite position then you'll definitely going to be liquidated.

On the spot, well, you can have more time to recover than it because there's a likely that you'll still get a chance to be back because it is the value that lost and there's no liquidation.

[Myleschetty]

Stoploss save me many times and I think it's very good for safe you from big lose. In 2021 when market down hardly I made Stoploss on all my trade before some days and It saves my 500$ or above. Stoploss is just a tool and its good or bad depend on how you manage it. If you make proper Stoploss on your trade then it will work otherwise its may prevent you from big Profit also

Yes, stop loss save from making losses but also prevent traders from making profit because it is not all trading that requires the use of stop loss. Therefore, I believe what every trading require is goals per each trade and if the goal of the trading is short it may require the use of stop-loss but if it's long there's no need to use stop losses.

[Oilacris]

Stoploss save me many times and I think it's very good for safe you from big lose. In 2021 when market down hardly I made Stoploss on all my trade before some days and It saves my 500$ or above. Stoploss is just a tool and its good or bad depend on how you manage it. If you make proper Stoploss on your trade then it will work otherwise its may prevent you from big Profit also

Yes, stop loss save from making losses but also prevent traders from making profit because it is not all trading that requires the use of stop loss. Therefore, I believe what every trading require is goals per each trade and if the goal of the trading is short it may require the use of stop-loss but if it's long there's no need to use stop losses.

Stop loss would be materialized losses once those things been triggered out which is something that need to be considered and this one would really be varying on what kind of trader are you.

Some do really make use of it when they are actively seeing price movements or simply being with the monitor and watching your trades on long period of time but if you are someone
who do come once in a while then you wont really be needing such tool because even if you do lose or floating negative you could still make some recoveries if the
market would make out some u-turn.

[superman184]

I have traded and analyzed several charts and I have come to a conclusion that trading with a stop loss is the easiest way to lose money and not a safety net because if your analysis is correct what happens most of the times is markets go for the stop losses which takes you out of the market and price turns to your predicted direction after the stop hunt which many consider as market manipulations.

So is using a stop loss good or bad?

Do we have traders that trade without them, if yes what's your win ratio using this strategy?

sometimes there are times when we have to use Stop Loss to avoid deep losses but sometimes we have to be patient to wait for a higher price to get a profit.
maybe there is no definite answer for whether or not to use Stop loss because sometimes it is needed at certain times.
if using a stop loss the profit ratio that can be taken from other coins is uncertain, sometimes we will get more profits or even we will regret it.
I personally have done a stop loss because the coin I chose kept dropping in price but I didn't choose another coin, it was just to avoid big losses.

[barbara44]

This is very needed for those traders that are into margin trading.

Or even in spot but the loss that it can contribute is big in the margin trading. If no stop loss has been made and you're on the opposite position then you'll definitely going to be liquidated.

On the spot, well, you can have more time to recover than it because there's a likely that you'll still get a chance to be back because it is the value that lost and there's no liquidation.

The margin trading stop loss is still a dangerous thing, not the stop loss itself but the margin trading is inherently a very difficult thing to achieve. Which means that you need to actually pull off something amazing by calculating at where you should leave to save how much and so forth. Since, it is also quick, even a slight drop and increase would mean that you would be losing your short position for example.

This is why it is very hard to calculate and arrange that stop loss too. Spot trading is easier in comparison, I really do not like stop loss on spot unless I am invested into something that I really don't trust, but at least it would help you a bit more.

[andriarto]

I have traded and analyzed several charts and I have come to a conclusion that trading with a stop loss is the easiest way to lose money and not a safety net because if your analysis is correct what happens most of the times is markets go for the stop losses which takes you out of the market and price turns to your predicted direction after the stop hunt which many consider as market manipulations.

So is using a stop loss good or bad?

Do we have traders that trade without them, if yes what's your win ratio using this strategy?

sometimes there are times when we have to use Stop Loss to avoid deep losses but sometimes we have to be patient to wait for a higher price to get a profit.
maybe there is no definite answer for whether or not to use Stop loss because sometimes it is needed at certain times.
if using a stop loss the profit ratio that can be taken from other coins is uncertain, sometimes we will get more profits or even we will regret it.
I personally have done a stop loss because the coin I chose kept dropping in price but I didn't choose another coin, it was just to avoid big losses.

the use of stoploss is important to me, for example, I can't monitor the market. this aims to reduce losses if our analysis is wrong. but indeed the problem so far is that most of our stop losses are struck and the price goes up again, and this often makes us angry. but that is indeed we have to let it go, and must learn discipline, so that later we will understand the appropriate stoploss limits

[LUCKMCFLY]

I have traded and analyzed several charts and I have come to a conclusion that trading with a stop loss is the easiest way to lose money and not a safety net because if your analysis is correct what happens most of the times is markets go for the stop losses which takes you out of the market and price turns to your predicted direction after the stop hunt which many consider as market manipulations.

So is using a stop loss good or bad?

Do we have traders that trade without them, if yes what's your win ratio using this strategy?

see it depends on you, because using a stop loss is the measure i find that will make to be safe in your trading industry, so the objectives of stop loss yields vitals techniques in trading because it act as a recovery agent in trading, but emphasising that it doesn't add any thing meaningful or makes you lose your trading, i will portray that it's base on your perception, because it's very obvious that using stop loss contributes immensely to alternative coins recovery via trading

I agree that it is a personal choice. In fact, I believe that it could be based on each trade as well. There are situations where I do not trust the project enough and I use the stop loss because I do not want to hold that token for too long and want to get out if it doesn't go up, did that with dozens of coins and there are situations where I want to hold it even though it could go down 50%, in fact I would be willing to even buy more of it as well.

This is the difference and I believe that if we are at that stage, we are going to definitely enjoy something close to this when talking about stop loss. Sometimes it is good to use it, sometimes you may not want to.

For me, the use of the Stop Loss at this time is crucial, because it is not only to protect the position of not losing more money, but it is also the correct way to establish a balance of the vision that one has of the market in a temporary period.

I know a guy who doesn't use Stop Loss, but is in the market all the time and he protects his Longs with Shorts with leverage, at least he uses 25% leverage when the market goes very against him, then he never goes out , but for me that is a lot of pressure, it is a way of always interacting with money but very risky.

[Benefactor]

It's feasible to put an alarm on the cost you'd set as a stop misfortune and check the energy as the cost stretches around there to check whether it breaks it. You need to figure out how to see where to set stop misfortune. You need to watch out for what occurs.

[Sled]

Well, the discussion has been long enough to evaluate if this is Good or Bad, or if it was helpful or not. And to find out that the majority voted YES, was Good and it was helpful.

But of course, it was just ourselves that can assess how it affects us. As this also varies on our strategies and our decisions. This stuff makes the results different and even though we all are using a Stop-loss strategy doesn't mean we have the same output. Yet, it is very important to know how we communicate and respond to market situations.

[GigaBit]

I think it is better to use stop loss. This type of tool is very useful to protect if you have limited resources. This tool is a kind of controlling system. By which you can protect your assets.

[Sebas.tian]

Using a stop loss or stop limit is very essential to me. Two month ago, I don’t know about the stop loss. Now I always use stop loss and don't waste money. When the market is below, I buy coin and use stop loss. Then I make profit or loss a little amount of money. So, it is very useful and helpful to me.

Congratulation, that you later got it right like me. Since I discovered how to used stop loss in the community, it hard me to experience losses from my investments which many people are still finding it difficult to apply stop loss in their investment. Buy when it is due for long term investors to buy, and hold when it is time to hold which will really help you to embrace your opportunity that will keep you grow higher in profits making. Bear market is still on for trader to apply stop loss by keep holding till the price of coins increase higher before they can release them for sale to make a passive profits.

[death69]

Well, the discussion has been long enough to evaluate if this is Good or Bad, or if it was helpful or not. And to find out that the majority voted YES, was Good and it was helpful.

But of course, it was just ourselves that can assess how it affects us. As this also varies on our strategies and our decisions. This stuff makes the results different and even though we all are using a Stop-loss strategy doesn't mean we have the same output. Yet, it is very important to know how we communicate and respond to market situations.

There are traders who rarely use stop loss and choose to hand-close orders. Yet, they are still able to manage consistent earnings because they know their edges and create a good trading habit. Stop loss is just a way to prevent loss. However, controlling ourselves is the true key. With such characteristic, ones know what to do, how to manage risk, and when to enter a trade.

Stop loss is not essential, but it should be crucial to all newbies who know that they are more "gambler" than "trader"

[Bushdark]

Many mistakes newbies used to make is not using stop loses and had made many investors to lose their funds cause they never see good reason to use it. Stop lose had saved me many times when the market suddenly becomes volatile. Using stop loses has it own advantages and disadvantages in different market. I have lost some of profits sometimes in trading due to improper use of stop lose.

Everything that has advantage do have it own disadvantage, so we need to be prepared and be time conscious when using stop lose. Stop lose had kicked me from trades because I used wrong timing.