A season for stop loss

[Zilon]

This is the best time to pick your stop loss and make it an essential part of your trade. The market keeps falling and investors and traders alike keeps crying. It seems some wild prediction of Bitcoin giving those who missed the early opportunity of buying is coming alive. To avoid been caught up and trapped  by the market volatility stop loss should be as useful as every other technical or fundamental tool you can think of. It is better to risk a small fraction of your assets than losing it all

[GreatArkansas]

Stop loss on last 2017-2018 bull run peak? Where it is around $20,000?
For me, I am really not alarmed with these recent dumps in the cryptocurrency market because it's not only the cryptocurrency market, it is most of the market especially non cryptocurrency market.

[dimonstration]

This is the best time to pick your stop loss and make it an essential part of your trade. The market keeps falling and investors and traders alike keeps crying. It seems some wild prediction of Bitcoin giving those who missed the early opportunity of buying is coming alive. To avoid been caught up and trapped  by the market volatility stop loss should be as useful as every other technical or fundamental tool you can think of. It is better to risk a small fraction of your assets than losing it all

Or simply stop trading so that you will save yourself on stressful days like this rather than forcing yourself to trade and set a stop loss which will highly be hit due to huge wicks of crypto volatility. Make sure to apply properly stop loss and not use it to slowly decrease your asset by setting it on the range which the price could reach up and down. The current market is very unstable and there's clear sign of bearish movement despite some minor relief. I believe we can experience relief in the next few days but that doesn't mean we should trade right now to get that small chance of profit. I preferred to watch and wait rather than risk trading right now.

[mk4]

Or simply stop trading so that you will save yourself on stressful days like this rather than forcing yourself to trade and set a stop loss which will highly be hit due to huge wicks of crypto volatility. Make sure to apply properly stop loss and not use it to slowly decrease your asset by setting it on the range which the price could reach up and down. The current market is very unstable and there's clear sign of bearish movement despite some minor relief. I believe we can experience relief in the next few days but that doesn't mean we should trade right now to get that small chance of profit. I preferred to watch and wait rather than risk trading right now.

While I agree with you — because trading is definitely not for everyone, we're in the Trading Discussion section.

But yea, money is made in times like this if you know what you're doing. I made a killing shorting the insolvent Celsius. https://twitter.com/CelsiusNetwork/status/1536169010877739009

[maydna]

It looks like this condition will continue, and maybe you are a little late to use stop-loss because the price is now at the $25k level. But still, it's okay if you already use stop loss to avoid even bigger losses. Hopefully, the price will not fall deeper and sadden investors and traders. But if that continues, investors and traders will have to prepare themselves for deeper bear market times.

But rest assured that this situation will not last forever and will be replaced by the bull market so that the price will reverse direction and increase again. Or maybe if you're in doubt, it's best not to try to buy coins and just wait.

[Ararbermas]

This is the best time to pick your stop loss and make it an essential part of your trade. The market keeps falling and investors and traders alike keeps crying. It seems some wild prediction of Bitcoin giving those who missed the early opportunity of buying is coming alive. To avoid been caught up and trapped  by the market volatility stop loss should be as useful as every other technical or fundamental tool you can think of. It is better to risk a small fraction of your assets than losing it all

its necessary always to have a stop loss because on this kind of situation of the market its very dangerous to rely only in our skills,where in, much better to be smart enough when trading to prevent massive losses and regrets afterwards. So always focus on how to protect your trade and the only solution for that is you need to build your own risk management that even you made mistakes at the end of the day you still can bring your account into green.

[tbct_mt2]

It seems some wild prediction of Bitcoin giving those who missed the early opportunity of buying is coming alive.

Don't predict the market, let's response quickly with what you see on the market. Or you should have a long term plan, then you won't have to predict the market, how it moves next days, next few weeks, next few months.

To avoid been caught up and trapped  by the market volatility stop loss should be as useful as every other technical or fundamental tool you can think of. It is better to risk a small fraction of your assets than losing it all

Stop loss, stop limit orders are good but don't forget to exit and don't open new positions with margin, future trading. You will be killed in the chaotic market, now and until the bear market ends.

Before the bear market ends, you will be killed again by short positions. Because you don't know when it will turn to bearish, you short, then you will be killed.

[pakhitheboss]

In my opinion it is better to stay away from the market for now. Let is calm a little bit and then we can start using the stop loss. At the moment I feel their is a panic situation out there and the market will hit a new low this year and then might bounce back.

Those who still want to trade they do need to use the stop loss feature otherwise this market condition will eat up their assets. 

[Mpamaegbu]

It is better to risk a small fraction of your assets than losing it all

That should be the very mindset of every trader and that's where MM (money management) comes in. While starting on this journey, I made that same mistake of thinking that I could get out of the market and be profitable without SL because it would seem that price would get to my SL, offset it and then revert to my TP. It was always happening. When I didn't place a SL manually, it would get to the point I had in mind and zoom pass it instead of reverting. So, it would take me days and sometimes months too to revert to entry price. In some cases, I would eventually had to close in greater loss than I would've done if I had placed a SL. That's after days, weeks or months. I've realized it's pointless trading without SL. SL gives you rest of mind. Just don't place it too close. Give it space to breath well.

[CryptoYar]

~ The market keeps falling and investors and traders alike keeps crying.

I don't know why people are crying. Do they dont have short button ?
A good trader always makes money from fluctuations.

It seems some wild prediction of Bitcoin giving those who missed the early opportunity of buying is coming alive.

Yes, this opportunity is giving those people who missed opportunity to grab at lower prices. but, it is also a fact that at this time there is lots of fear, and because of that majority of new investors don't want to buy. But when bitcoin goes back to its all-time high, they start regretting again like they always do.

To avoid been caught up and trapped  by the market volatility stop Loss should be as useful

It is not enough only to set stoploss but it is also important, what is your target price and where should be your stop loss.

[boyptc]

This is the best time to pick your stop loss and make it an essential part of your trade. The market keeps falling and investors and traders alike keeps crying.

There are traders that are happy about this drop. Specially those who leverage and short, that's making them money and they know what they are doing.

It seems some wild prediction of Bitcoin giving those who missed the early opportunity of buying is coming alive. To avoid been caught up and trapped  by the market volatility stop loss should be as useful as every other technical or fundamental tool you can think of. It is better to risk a small fraction of your assets than losing it all

Or just don't trade at all.

If it's not productive to do it and you're the type of trader that you can't make that much on this time, you better stop trading and just buy for long term holding because this situation won't last forever.

[joeperry]

Actually it's time to buy now according to my TA and preferably the TA from different groups I am following with, they explained a good ideas why it is now a good idea to long, I don't wanna bore you with the details I think there's a lot of good ideas you can see in tradingview I rather choose that platform than rather predictions here in the forum, I see a lot of speculations here lately but they don't offer a valid proof or good TA to support their speculations.

[Mauser]

This is the best time to pick your stop loss and make it an essential part of your trade. The market keeps falling and investors and traders alike keeps crying. It seems some wild prediction of Bitcoin giving those who missed the early opportunity of buying is coming alive. To avoid been caught up and trapped  by the market volatility stop loss should be as useful as every other technical or fundamental tool you can think of. It is better to risk a small fraction of your assets than losing it all

Stop loss orders are important tools for short term traders. We can all make wrong decision and a stop loss helps us to limit our losses. The problem is that in times of high volality the positions can be closed out way to fast again. Today bitcoins dropped 10%, which means that most of the stop loss would have triggered already. Another problem with stop loss is that it doesn't take general market movements into considerations. Over the last few months all of the big crypto coins lost in value. If we sell our positions through a stop loss where will we invest then? Switching into a different coin will likely trigger the next stop loss. Maybe selling right now is not the best option, because why didn't we sell when bitcoin was at 40 or 35,000? At such low levels now I would just sit out the storm.

[Raflesia]

Very wild prediction but Stop Loss is very important but I have changed to a stable coin which allows my asset not to lose much, I will continue to pay attention to what point is the lowest when the market is bearish, I think $20k is the right one to enter again or wait again under that?

There is nothing to earn as long as the market drop down is more severe but I would like to maximize my buy again at a lower price.

[Rruchi man]

This is the best time to pick your stop loss and make it an essential part of your trade.

Understanding stop losses is important, however, I'm a part of those who share the opinion that this is best time to play it safe and instead of concentrating on setting stop losses or how to go about it this season to still limit your losses. Enough losses have been made already, I'd say just lay off trading for a while till the market is doing better, it wouldn't make you any less a trader.

 A big and an also very important skill in trading and a factor in becoming a successful trader is knowing when to trade and when not to trade, IMO this season where the market is crashing remarkably without prediction, trying to best secure what you have left is the best strategy.

[LouVandetta]

This is the best time to pick your stop loss and make it an essential part of your trade. The market keeps falling and investors and traders alike keeps crying. It seems some wild prediction of Bitcoin giving those who missed the early opportunity of buying is coming alive. To avoid been caught up and trapped  by the market volatility stop loss should be as useful as every other technical or fundamental tool you can think of. It is better to risk a small fraction of your assets than losing it all

As the others have said, this might be a good time just chill and enjoy your tea/coffee without getting stressed out from the bearish market at the moment.
Sure, stop loss is very important if you want to be a good trader and also to minimize your losses as little as possible. But, there's will come a time where you just need to step out from trading. Since we don't really know until when the bearish market will continue, so entering the market now is very risky, tho it is always risky.
The best option would be just stop trading for a moment, and just wait for the right moment to get back in the market. It's a lot better than losing more when you think you could buy cheap and hoping the price to bounce back up but its price trend says otherwise.

[Mahanton]

Stop loss on last 2017-2018 bull run peak? Where it is around $20,000?
For me, I am really not alarmed with these recent dumps in the cryptocurrency market because it's not only the cryptocurrency market, it is most of the market especially non cryptocurrency market.

Lets put up some example.

S&P 500, Nasdaq 100 Drive in to 'Bear Market' Territory Ahead of the Fed
Everything in the Stock Market Is Being Sped Up Including the Crash

So its not really that crypto market does have that problem.Almost those traditional markets are suffering the  same thing.
Stop loss? its sensible for some investors but not for those who do long term hold.

[Captain Corporate]

It is not that simple, I would say that when we know its not doing fine, putting a stop loss at %50 would be understandable, because anything that goes down %50 would probably go down even more and that is understandable. But having any stocks or gold compared to that? They do not really go down %50 that easily, maybe some stocks could, but not the market in general. This is why there is a big difference between the two. I still say you should go with crypto though, because you donot make x100 with stocks that commonly, but doing x100 in crypto is not unheard of, in fact it is quite common during bull periods.

[crzy]

Stop loss is necessary but still the market is unpredictable and this crash can happen instantly without you knowing the future trend, on this level your cut loss level will be invalidated or else you have to sell at a bigger loss which I don’t recommend. Holding is the next best thing you can do, and of course you can still accumulate to average down the cost. In this current market, those who have a better plan always ended up a winner in the next bull market.

[lixer]

This is the best time to pick your stop loss and make it an essential part of your trade. The market keeps falling and investors and traders alike keeps crying. It seems some wild prediction of Bitcoin giving those who missed the early opportunity of buying is coming alive. To avoid been caught up and trapped  by the market volatility stop loss should be as useful as every other technical or fundamental tool you can think of. It is better to risk a small fraction of your assets than losing it all

I think that stop loss is not needed anymore because the price seems to stop falling lately as they are already at their lowest. What is happening is that they only increase a little and then they fall again on their previous low and then repeat this cycle again and again but even if we are not on this situation, there are still traders that don't use a stop loss. Maybe stop loss is really not an essential part of trading?

A true investor and trader does not cry but those who cry are weakling or they are newbies on this scene. If you have picked the right set of coins, it is better to not loss anything even if that is small because their value can always recover.