A season for stop loss

[carlfebz2]

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 agree with you on this. Especially for traders it's very important to keep a stop loss always. You always should make your trades with risk and reward in your mind and if some uncertain volatility just magically kicks in, it should not disturb your whole calculation so it's best to always have a stop loss on the system itself than just keeping a mental stop loss because sometimes market would fall so rapidly that you won't be able to put your mental stop loss in the system in time.

Stoploss would only be that relevant and effective when you are an active or daytrader on which stop losses could really be that useful whenever you do set out on particular short time frames which is worth to use

on but for long term holders then it wont really be that necessary i would say just like others been saying which i do fully agree on that one.Honestly this would be entirely be depending on someone
if ever they would see that SL would be relevant or not but just like i said when you are going for long term then it would really be just fine for you not to use it.

[1714898834]

1714898834

[1714898834]

1714898834

[Digital_Lord]

Stop loss is good strategy that a trader uses to decrease their failure and select certain value when the price of market become in dip so there will no harm to his money so in this case he will decrease his money loss. You should all use it because the market price is not stable any time there become decrease in price so you will not have any trouble about losing in trading.

[jossiel]

Stop loss is good strategy that a trader uses to decrease their failure and select certain value when the price of market become in dip so there will no harm to his money so in this case he will decrease his money loss. You should all use it because the market price is not stable any time there become decrease in price so you will not have any trouble about losing in trading.

It is.

Most traders know how to stop loss and the newbies aren't the ones that uses it because they're confident about what they do. But take it to the professional traders.

They know that the market is unpredictable and that's why they set it around a few percentage of losses and they'll set the stop loss so that they still have that much to switch into other trades.

[kamvreto]

Stop loss is good strategy that a trader uses to decrease their failure and select certain value when the price of market become in dip so there will no harm to his money so in this case he will decrease his money loss. You should all use it because the market price is not stable any time there become decrease in price so you will not have any trouble about losing in trading.

It is.

Most traders know how to stop loss and the newbies aren't the ones that uses it because they're confident about what they do. But take it to the professional traders.

They know that the market is unpredictable and that's why they set it around a few percentage of losses and they'll set the stop loss so that they still have that much to switch into other trades.

the use of stop loss will set how much loss will be cut when it reaches a predetermined limit. but some beginners still don't use it so it will be fatal for trading. spot trading may still look safe if you don't use stop losses, but if futures trades don't use stop losses it will allow for faster liquidation.

[jossiel]

It is.

Most traders know how to stop loss and the newbies aren't the ones that uses it because they're confident about what they do. But take it to the professional traders.

They know that the market is unpredictable and that's why they set it around a few percentage of losses and they'll set the stop loss so that they still have that much to switch into other trades.

the use of stop loss will set how much loss will be cut when it reaches a predetermined limit. but some beginners still don't use it so it will be fatal for trading. spot trading may still look safe if you don't use stop losses, but if futures trades don't use stop losses it will allow for faster liquidation.

It's because they think that it's easy.

As they trade, they think that they're good with those few wins that they take and that's why confidence will make them lose a lot of money.

And for the futures, honestly, I am seeing more traders losing money there, newbies and even those that are old timers.