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

[traderethereum]

So is using a stop loss good or bad?

It depends on your strategy or your trading way.

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

I use stop loss when I am not sure my analysis can give me the right.
For example, at this moment, bitcoin faces a down deeper from the last high price and maybe not many people predicted.
When you trade, buy and sell, you can use this stop loss and place it below your last buy order to prevent the loss will be bigger and when the price is really down for more, your loss will not be too big.
The win ratio using this strategy will vary, and I can not say that the ratio will be the same.

Example:
Your buy price is at $40,200, the price now is at $40,195, and you can place your stop order at $40,180 to minimize the losses (it is just an example)

[tvplus006]

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

You can trade without stop loss if you are in front of the terminal directly during the day and can close your position if the price moves in the opposite direction to your expectations. But, if you need to do other things or relax, then you definitely need to set a stop loss to avoid dump&pump.

[ItsCrafty]

In spot trading I think Stoploss did not work well but sometimes. Market up and down is part of Crypto market if you put Stoploss may be it hit Stoploss mad then pump well ..many times I experienced that whenever I put Stoploss in coin it hit my Stoploss and then shoot from there. Sometime itbsave me from big loss like when Bitcoin was down from 44k to 30k in 2021.

[jeha2015]

In spot trading I think Stoploss did not work well but sometimes. Market up and down is part of Crypto market if you put Stoploss may be it hit Stoploss mad then pump well ..many times I experienced that whenever I put Stoploss in coin it hit my Stoploss and then shoot from there. Sometime itbsave me from big loss like when Bitcoin was down from 44k to 30k in 2021.

it is good money management and could work well if we put our stop loss correctly in good support or resistance. but alot case also happen deviation make our stop loss useless and we loss our balance meanwhile price move parallel with our position. it really be dillema for us , if we didnt proper set our stop loss.

You can trade without stop loss if you are in front of the terminal directly during the day and can close your position if the price moves in the opposite direction to your expectations. But, if you need to do other things or relax, then you definitely need to set a stop loss to avoid dump&pump.

with stop loss , no matter happen with market atleast our psychology feel relax and comfortable although we left our position for a while.

[Cling18]

It depends on the type of trading that you're doing and the strategy that you usually apply. As for me, stop loss is necessary when you are still undecided about your next move or can't deal with the movement of the coin that you're trading. It's a good way to protect your funds during undecided times or when you aren't confident about your strategy. I could see it as a helpful tool in our trading journey.

[SanderKlakegg]

It all depends on your trading style.
If you're a day trader, it's a must and something you have to do every time you enter a trade (stop loss).
If you're an investor and your goal is just to increase your coins, then I don't think you have to put a stop loss. After all, if you don't plan to sell a conventional BTC for 10 years, you may reinvest a huge amount of times during that time!

[The Cryptovator]

Usually, we use stop-loss to secure our investment, not to make a profit. It's not bad at all, sometimes save your money though you can't profit. For me once I use stop-loss most of the time hit that and price pump again. This means I can't profit but I avoid the risk of losing a lot. So it really depends on you how are you going to use a stop loss. If you can take risks then you may avoid them, otherwise the better option is to use stop loss to secure your investment.

[South Park]

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?

You can trade without a stop loss if you want, however at some point there should be a level in which your losses should be too big for you to bear and you need to close the trade at that point, that is what a stop loss does, it prevents you from getting a catastrophic loss, now if what you describe is happening to you constantly then you need to set your stop loss at levels that are not as obvious, as whales know very well how much they need to make the price to go down to force the activation of those stop losses and then buy when the price is lower, giving them almost instantaneous profits.

[blockman]

It's actually good. When you're away and you don't expect the market to plummet and you should stop further loss then it's the one that will do it for you automatically.
Those traders that don't use that feature, might haven't heard about it and likely are new traders. But eventually, they'll get to learn about it because that's a big help whenever you're trading and when the market has been bloody again which we're not expecting to happen at this moment.
If you have come with that analysis that stop loss is the quickest way to lose money, I can't understand how it's like that for you.

Using Stop loss would be most likely when you are away from your keyboard on where you cant able to monitor the price movement which is relevant and something needed or you are conservative with your overall capital.

You could test out for yourself whether its really working for you or not and this is very situational because there are trades which arent that much needed or necessary
and there are times which it is really something ideal to be used.So its case to case or situational kind of tool which you could make use on.

That's actually the reason why it's very helpful to use the stop loss. So whenever you can't monitor and check the market, you're still there through stop loss feature to cut your possible continuous and big losses.
I've been seeing those newbie traders that don't use this feature much and they're already confident on their trading skills. But the reality is that they're not yet ready for it.

[YOSHIE]

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

As far as I know the technique used by crypto traders with stop loss investment instruments, it's a good step if you use and understand, the meaning of the word to defend your investment money from losses and to make a profit from a stop loss strategy.

What is important and you need to understand in the stop-loss technique, you have to really master and understand when is the right time for you to do it, that's important, what makes the stop-loss system risky is that if you use up all your funds you can use only a small amount of your Bitcoin funds, what's more important is to do the calculations and make sure you hit your stop-loss properly.

[Mpamaegbu]

The issue of using Stop Loss or not using it is as old as the arguments on it from proponents of it as well as opponents of it as usual. I've contributed to this same topic here (I don't know if it's by the same user or not) either early this year or in 2021 and I shared my thought on it. To put it down to a point, I think that debate has been over laboured. Anyway, to restate it; by my assessment as one who trades, Stop Loss is necessary. It's part of the MM – Money Management, mechanism to help cushion the effect of account liquidation. I quite understand what OP's worry is and it's called hunting of Stop Loss by some perceived brokers, exchanges or platforms. The reason that happens is because most traders like to place their SL around psychological levels. It's best one places SL a bit far from these levels and that will be fine. Don't keep SL close or tight to those levels.

[Lanatsa]

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

As far as I know the technique used by crypto traders with stop loss investment instruments, it's a good step if you use and understand, the meaning of the word to defend your investment money from losses and to make a profit from a stop loss strategy.

What is important and you need to understand in the stop-loss technique, you have to really master and understand when is the right time for you to do it, that's important, what makes the stop-loss system risky is that if you use up all your funds you can use only a small amount of your Bitcoin funds, what's more important is to do the calculations and make sure you hit your stop-loss properly.

Stop loss is very helpful if you do know on how to make use of it but of course it would really be needing up some timing or exact time on when you would really be making use of it.

It wont really be created if it would really be just having no use to traders.Of course it is really relevant it is really just depending on how someone do able to use it on the right time.
Doesnt matter if its bad or good because profits would really vary on different factors or decisions made by someone.

[Issa56]

I can't really say using stop lose is a good idea and Is not also a bad idea, but the only thing I will say is that is really a good idea for newbie that's just starting to trade cryptocurrency to use stop lose, so that you can cut your lost and also as a professional I can't say is a bad idea or a good idea, it depends on each trader's strategy or perspective. To me stop lose is not really a bad idea but it those not favors always.

[Kasabus]

It's neither good or bad — because it's just a tool. You simply use it if you want to idle out a bit. Basically you use it to automatically sell if it drops too much to a certain pricepoint where you think it could drop more. And as with any other tool, people use it differently. You just need to use it in a way that it benefits you with your strategy.

Using stop loss will only be useful if you are benefiting from it, but if you are seeing it differently, then that makes it useless for you. So it really depends on how you use it. But as for me, it serves as a helping tool to create security on my position. So i don't have to worry every time i trade, because i have set my stop loss so i won't fall for further losses. However, others are seeing it differently, because they tend to see stop loss as more of a threat than a helpful guide.

[lixer]

In spot trading I think Stoploss did not work well but sometimes. Market up and down is part of Crypto market if you put Stoploss may be it hit Stoploss mad then pump well ..many times I experienced that whenever I put Stoploss in coin it hit my Stoploss and then shoot from there. Sometime itbsave me from big loss like when Bitcoin was down from 44k to 30k in 2021.

Yes that is the reason a lot of traders feels that making use of a stop loss is not a good tool, because sometimes it can lead you to missing better opportunities in the market. There is always a good side and a bad to everything, but so far I think that not making use of stop loss has been something that has been working out for me and it’s something I can deal with, so I rarely consider making use of this tool.

There are still people who think otherwise, that’s why we can’t all be the same, if you perceive that a particular strategy is working better for you, it's good to hold on to that and not do what other traders are doing.

[Emitdama]

First, I thought this was an old topic but I see that it's a new one. I wonder why we always have this topic? are people still confused on its use? its name says it all, "stop loss". It only prevents you from losing further, that's it, we should not expect for more but the next move will now come from us if what we will do, either we invest again or take that money out of this market.

Stop loss won't be there if it was not useful but it was useful for those who are pro in trading, they will use stop loss and start a new session and maybe next time they can recover what they have lost and earn more but for those who didn't know how to use it then better if you just stick on hodling and waiting for the market to recover.

[Natalim]

The stop-loss strategy has been used for our benefit.
It helps to cut you down from losing more and this become useful during the bear season. Thus, if you are in trading, you can really appreciate its importance, in fact, the majority of the traders had used this for the said reason.

It is GOOD or BAD? Depends on what is your purpose for using this but for me, it was a useful strategy.

I haven't used this strategy up until now as I am mostly using the spot trading. But based from what I am reading, many people are attesting about the usefulness of this strategy to avoid huge losses. So in my opinion, it really depends on the trader himself. It can be his savior if he is not keeping up with his trades.

Absolutely, many appreciate this strategy as they know how to use it and have seen the benefits but for some who never try, that is certainly nothing good for them. That is why I encourage you to try this as this will surely help you from losing more and to know what really you have got. But honestly, this becomes useful during the bear season and if you are not on the computer leaving your trade unfilled.

[Rigon]

Trading Platform Stop Loss is a good thing for those who understand it clearly. Those of us who trade on trading platforms especially in futures trading must have a stop profit loss It is very important to use.And for those who do not understand stop loss, the matter is very complicated. Of course it is better if they understand this well.

[nhaila]

I can't really say using stop lose is a good idea and Is not also a bad idea, but the only thing I will say is that is really a good idea for newbie that's just starting to trade cryptocurrency to use stop lose, so that you can cut your lost and also as a professional I can't say is a bad idea or a good idea, it depends on each trader's strategy or perspective. To me stop lose is not really a bad idea but it those not favors always.

Yes you are absolutely right because only those who have not enough knowledge and experience about cryptocurrencies trading, he/ she may use stop loss. It always very good idea for a newbie traders. But experienced traders always analysis the market carefully during his trading.

[Pandu Geddon]

in spot trading, I think it is mandatory to use the SL feature. this avoids us from deeper losses if the price corrects quite a lot. unless you buy it to keep it for the time you have planned. you can not use this feature.
most importantly you can analyze the price you set to sell and apply SL. as most traders regret when using SL, the price of the coin being traded again makes a pump. and that makes a regret.