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Author Topic: Is Using a Stop loss "Good" or "Bad"  (Read 871 times)
ItsCrafty
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April 21, 2022, 05:11:45 PM
 #101

It's just a tool. Don't think he's bad or good. The main thing is to use it correctly.
Crypto Market is very volatile. Sometime an experience person put Stoploss but it's not work and market recover after hitting Stoploss. Many time I see that after hitting Stoploss coin again jump upward and sometimes 2x from that point. It's not working well in spot if anybody looking for long term. For short term I think it's good choice.

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April 21, 2022, 06:54:55 PM
 #102

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.

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April 21, 2022, 11:25:25 PM
 #103

Crypto Market is very volatile. Sometime an experience person put Stoploss but it's not work and market recover after hitting Stoploss. Many time I see that after hitting Stoploss coin again jump upward and sometimes 2x from that point. It's not working well in spot if anybody looking for long term. For short term I think it's good choice.
That's part of the side effect when you use stop loss.

You don't know when the market shall be dumped and recover eventually. So if it dumps a lot and you're able to save your money then that's a life-saving moment for you and you'll be thankful that you've put a stop to loss.

But if the market recovers after you hit the stop loss, that's one of its side effects and we all want to see the market recover. People are forgetting when the negative result has happened and they're saved by SL.
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April 23, 2022, 01:12:36 AM
 #104

There is a saying that "The only thing you can control in trading is your risk which is stop loss"
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April 23, 2022, 05:15:19 AM
 #105

If you are using a trading Stop loss and Taking profit is one of the most basic things in the fundamentals of trading some people do not commit stop loss because they are willingly taking some risk to get more profit but of course the higher the loss too, But for me having this you make your self more responsible to every trade you want to do still its personal preferences and risk management. The purpose of the technical indicator is a guide you to put a SL and TP

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April 23, 2022, 06:54:56 AM
 #106

I wouldn’t say that stop loss is bad, although some people are going to say that, but this is a tool that was designed to help you prevent losses while trading.Of course it would have its cons, as some people has pointed out and complained how it would make them miss opportunities. But, I would say the problem here is that they don’t know how to make use of it.

If you don’t know how to make use of it or it doesn’t work for you due to your style of trading, then maybe you should not, and continue the way you feel is best for you. But, if you feel that you can apply this tool in the right way and make it useful for your trading, then you can go ahead with it. There’s nothing like being good or bad, it’s just about you knowing how to use it rightfully.
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April 23, 2022, 10:14:15 AM
 #107

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?
If I notice here what I see here is that if facelock is used then it can be seen here because of the stop loss there will be security in the dating industry here so for office purposes there are many important things here that are important strategies have to be made here.  And it will serve as a restoration of trading here but if it is emphasized here then adding a lot of incomplete things here again will force you to lose your trading here but if you do not from here it will be better

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April 23, 2022, 11:55:31 AM
 #108

The use of stop loss is very important for me, we can limit our losses while trading. I set a daily loss limit of 1%-3% of our capital, this limit is relative to everyone depending on how each trading plan is. To overcome market manipulation, I suggest a minimum of trading on the H4 Time frame and entry when the price is at support or resistance, it can minimize risk a little.

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April 23, 2022, 12:48:05 PM
 #109

It's actually a safety net if you are using it right since it can save you a lot of money, maybe you are just unlucky that after hitting your stop loss the price would go to your prediction but for me I think it is good and it is better to use it rather than leaving some trades open without stop loss.

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April 23, 2022, 12:57:18 PM
 #110

Pretty sure it's not a matter of good or bad, it's just a matter of whether you want to use it or not. Stop loss is mostly used by people who don't want or can't always watch their trades so they set them up so that they don't accidentally lose too much by leaving their trades open. If you're basically trading 24/7, I don't think it's a necessity BUT it is a good habit to still do imo, it's a backup of sorts in terms of trying not to lose your assets. I don't think it'd matter much when doing your strategies since it doesn't directly affect how much you profit in most cases.

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April 23, 2022, 02:20:18 PM
 #111

I use this tool quite often. In my opinion, with the right approach, this may well bring a positive result.
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April 23, 2022, 09:50:48 PM
 #112

If you are using a trading Stop loss and Taking profit is one of the most basic things in the fundamentals of trading some people do not commit stop loss because they are willingly taking some risk to get more profit but of course the higher the loss too, But for me having this you make your self more responsible to every trade you want to do still its personal preferences and risk management. The purpose of the technical indicator is a guide you to put a SL and TP
You are correct but you seem to be missing something or is it me that is not getting you right, the aim of the stop lose feature is not to make profits but to avoid a total loss of the asset. In a way to me stop loss is best active when the trader wants to go away from the market and to help execute the trade on behalf of the trader,  risk management is a vital part of trading and the SL is most appropriate for this since it helps execute a trade when the market is heading in opposite directions.
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April 23, 2022, 11:19:51 PM
 #113

When it comes to using stop loss and take profit, I consider it a very good thing. These tools are not only capable of stopping an impending loss but, they in a way helps you to manage your greed. Most traders come to the market and should they be making profit, they seem all the other pips that would read after the take profit should have been there's and the same thing goes go stop loss. Where they think, pushing it a little further would have helped them to wait out the bear moves and gains with the reversal when it occurs. Sadly, the story could be going from the frying pan to fire and vice versa. Its best you have a trading plan and follow it. Having a stop loss and take profit could be a trading plan.

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April 23, 2022, 11:29:08 PM
 #114

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?
The result of using stop loss will only reflect based on how you used it. If you see it manipulating your trades and your future profits, then stop using it. But in most cases, having stop loss is very useful especially for traders who don't want to fall in extreme losses, stop loss will help to limit their losses particularly for those coins who are seen in consistent price drops. But in either way, stop loss is just a tool, the biggest factor relies on the trader itself on how he will manage the future of his trades.

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Emitdama
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April 24, 2022, 09:08:43 PM
 #115

If you are using a trading Stop loss and Taking profit is one of the most basic things in the fundamentals of trading some people do not commit stop loss because they are willingly taking some risk to get more profit but of course the higher the loss too, But for me having this you make your self more responsible to every trade you want to do still its personal preferences and risk management. The purpose of the technical indicator is a guide you to put a SL and TP
But, are there any thing that traders want other than profit? I know, maybe they only want is to trade their coin for another coin but still, in the end, they are going to sell it for profit. According to your explanation, using stop loss is bad for those who want to earn more profit but it is good for those who want to cut the risk while earning lesser profits.

There are those that are willing to take huge risk but it doesn't mean that they are not responsible on what they are doing, it's just they are more wealthier than us while there are some that only risk small but they are the ones that are usually not responsible. They better correct that habit.
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April 24, 2022, 10:44:18 PM
 #116

In my personal opinion, right now it is very difficult for me to determine what could happen to the market, I don't know if it will go up, I don't know if it will go down, and it is not because I don't analyze it well, but rather because I have learned that recently in the world there have been many fundamental events that put pressure on the market, and those world events move fibers, that is, panics, emotions, and certain things that are very sensitive, investors are people like any other, they have empcions and sometimes it is easier to secure your money in gold or in any other asset than BTC itself, and that is why I think things should be taken calmly, without rushing and not gambling with trading.

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April 25, 2022, 07:15:00 AM
 #117

If you are using a trading Stop loss and Taking profit is one of the most basic things in the fundamentals of trading some people do not commit stop loss because they are willingly taking some risk to get more profit but of course the higher the loss too, But for me having this you make your self more responsible to every trade you want to do still its personal preferences and risk management. The purpose of the technical indicator is a guide you to put a SL and TP
But, are there any thing that traders want other than profit? I know, maybe they only want is to trade their coin for another coin but still, in the end, they are going to sell it for profit. According to your explanation, using stop loss is bad for those who want to earn more profit but it is good for those who want to cut the risk while earning lesser profits.

There are those that are willing to take huge risk but it doesn't mean that they are not responsible on what they are doing, it's just they are more wealthier than us while there are some that only risk small but they are the ones that are usually not responsible. They better correct that habit.
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

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April 25, 2022, 11:34:13 AM
 #118

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.
This strategy is good for trades executed in ones absence. It can save trades from heavy losses. But stop losses can be very dangerous just the same way it saves trades. For future trades that happen to play with emotions just to instill fear in the traders minds stop losses Just triggers stop loss then switch direction.

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April 25, 2022, 04:52:04 PM
 #119

It's actually a safety net if you are using it right since it can save you a lot of money, maybe you are just unlucky that after hitting your stop loss the price would go to your prediction but for me I think it is good and it is better to use it rather than leaving some trades open without stop loss.
Stop loss is very helpful in reducing risk in any trade, I got liquidated twice having forgot to place a Stop Loss after I slept off and later woke up by Binance by liquidation message, thereafter I learnt my lesson of how important a Stop Loss Is in a losing trade by helping to reduce a massive loss of portfolio, though the technicality of where to place a Stop Loss is a big challenge because of high volatility in the price of cryptocurrencies, a winning trade can reverse and trigger a Stop Loss before trending back thus resulting to a loss, a trader requires expertise in placing a Stop Loss.

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April 25, 2022, 05:35:55 PM
 #120

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.
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