A season for stop loss

[bitcrystal]

I think it's normal for every trader to use stop loss in every trade because you can't always be right and also the market can decide to play around and hit your stop or change direction totally. So it's a must to use stop loss. Anyone not using stop loss is merely gambling.

[Mr.right85]

I think it's normal for every trader to use stop loss in every trade because you can't always be right and also the market can decide to play around and hit your stop or change direction totally. So it's a must to use stop loss. Anyone not using stop loss is merely gambling.

When it comes to trading, being right is the most difficult task there is. It's just another part of impossible as an accurate prediction of the market means your never going to lose and loosing is a part of trading either we like it or not. No matter how professional you might claim to be, your surely going to meet some loses in your trades.
This is where the Stop Lose comes to play and define the point where it says, I can't bare it no more. Stop loses are no foe but a helper and should be used by most traders to minimise lose. No Stop Lose and a trading analysis goes wrong, your bound to hurt on a trade in ways you never thought of just because of neglect.

[AicecreaME]

Stop loss is a must every time to avoid huge losses, but some people don't put such thing especially if they have a huge amount of USDT and only using 3-5x leverage. However, it is different for those who are using 25-50x leverage and not using stop loss, I mean that's gonna give you a mini heart attack and so much frustration whenever you got liquidated.

I always use stop loss especially when I'm about to leave my trade and do something else.

[xSkylarx]

Stop loss is just necessary if you are doing leverage-trading to avoid huge losses or being liquidated. Having a stop-loss will ease your mind when you can't monitor your leveraged-trade. But if you trade on spot, there is no reason to sell at a loss unless you are experienced in trading and see the market will dip more so you sell your coins that time to buy more amount when its price goes lower. Hodling in this current season is the best choice for me if you aren't good at trading,

[Kelvinid]

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 don't think that was the best option for now since the market is declining badly. Maybe in those days that Bitcoin is still at the $30k level and major altcoins aren't dumping hard but for now, it never saves you, it only gives you heavy losses if ever you push to sell. What we need for now is to hold, we can still be hopeful with the market knowing that someday we could see changes in its momentum. We can't be like before when our emotions dictate us.

[jrrsparkles]

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

Fell down more than what I expected, as you said if someone learned to use the feature few days ago or when it's at peak then probably they get the benefits but after the huge dive then its actually the time for buying, maybe it can fall further but anything below 20K is huge discount just count as much as you can and wait for the next couple of years.

[sana54210]

Stop loss is a must every time to avoid huge losses, but some people don't put such thing especially if they have a huge amount of USDT and only using 3-5x leverage. However, it is different for those who are using 25-50x leverage and not using stop loss, I mean that's gonna give you a mini heart attack and so much frustration whenever you got liquidated.

I always use stop loss especially when I'm about to leave my trade and do something else.

Those people who are dealing with such high leverages must be aware of the risks involved. I am not saying that people who do that are all veterans and smart people, some newbies give it a shot as well and sometimes they fail and lose money. However, they "should" be aware of it, that is the requirement to get involved.

If you do 50x stuff, then how could we say that you would not be able to make any type of stop loss, and still expect it to move like a regular market would. That is risky and something that would make you lose money a lot if you are not careful. This is why I always have stop loss, and never do high leverage trading.

[saint_casanova]

Stop loss is a must every time to avoid huge losses, but some people don't put such thing especially if they have a huge amount of USDT and only using 3-5x leverage. However, it is different for those who are using 25-50x leverage and not using stop loss, I mean that's gonna give you a mini heart attack and so much frustration whenever you got liquidated.

I always use stop loss especially when I'm about to leave my trade and do something else.

Most traders with 25-50x leverage usually don't use stop loss, tho. They're sort of 'quick in, quick out' in a short amount of time riding some candle with a low fund like $50-100. If they lost, they lost.
Everyone tries to short in this bearish market but the stop loss is what the exchange mafia aiming for to liquidate your fund. I said don't use stop loss, playing low ball with $100-500 and 5x leverage at most with high liquidate price mark if you can afford (cross or large fund). Eventually, it will go down since this is bearish season.

[South Park]

Stop loss is a must every time to avoid huge losses, but some people don't put such thing especially if they have a huge amount of USDT and only using 3-5x leverage. However, it is different for those who are using 25-50x leverage and not using stop loss, I mean that's gonna give you a mini heart attack and so much frustration whenever you got liquidated.

I always use stop loss especially when I'm about to leave my trade and do something else.

Those people who are dealing with such high leverages must be aware of the risks involved. I am not saying that people who do that are all veterans and smart people, some newbies give it a shot as well and sometimes they fail and lose money. However, they "should" be aware of it, that is the requirement to get involved.

If you do 50x stuff, then how could we say that you would not be able to make any type of stop loss, and still expect it to move like a regular market would. That is risky and something that would make you lose money a lot if you are not careful. This is why I always have stop loss, and never do high leverage trading.

Without a doubt they should be aware of what they are doing and the consequences of using such a massive amount of leverage and lose a trade without a stop loss, and yet despite knowing the consequences of their actions a lot of people still decide to use that tactic and then they lose a massive amount of money, and the reason is simple they only think of all the money they will earn and not even once they think about the money they could lose, which without a doubt it is a critical mistake.

[tvplus006]

I think it's normal for every trader to use stop loss in every trade because you can't always be right and also the market can decide to play around and hit your stop or change direction totally. So it's a must to use stop loss. Anyone not using stop loss is merely gambling.

We can definitely say that a stop loss is mandatory only if you trade with leverage, since a sharp price change may lead to the liquidation of your position. As for spot trading, you will have the opportunity to close your position yourself after a correction, which usually happens after a dump.

[Oshosondy]

I think it's normal for every trader to use stop loss in every trade because you can't always be right and also the market can decide to play around and hit your stop or change direction totally. So it's a must to use stop loss. Anyone not using stop loss is merely gambling.

There are some few traders that do not use stop loss like me. Example was yesterday that I used RSI and Bollinger band to determine an overbought position, using 1x leverage to open long position for bitcoin, I was losing $72, it would have been loss if I used stop lose, but later the market corrected itself and I gained $49. I would have gained more up to $154 if I waited to see the price to be at the oversold area on the chart, but I just closed the position before it became oversold but it even dropped more than the oversold area before it start to rsie.

[traderethereum]

I think it's normal for every trader to use stop loss in every trade because you can't always be right and also the market can decide to play around and hit your stop or change direction totally. So it's a must to use stop loss. Anyone not using stop loss is merely gambling.

There are some few traders that do not use stop loss like me. Example was yesterday that I used RSI and Bollinger band to determine an overbought position, using 1x leverage to open long position for bitcoin, I was losing $72, it would have been loss if I used stop lose, but later the market corrected itself and I gained $49. I would have gained more up to $154 if I waited to see the price to be at the oversold area on the chart, but I just closed the position before it became oversold but it even dropped more than the oversold area before it start to rsie.

If our analysis says that the market must turn around a few hours later, we don't need to use stop-loss because we can lose the opportunity to benefit.
But if we are in a position that does not really know what will happen a few hours later, the use of stop-loss can be done.
Everything will depend on how we analyze market movements and if we have often traded, we can certainly know what to do and can certainly adjust to the situation.
If the position of the market movement is not good, we can get ready to use stop-loss.

[Issa56]

I think it's normal for every trader to use stop loss in every trade because you can't always be right and also the market can decide to play around and hit your stop or change direction totally. So it's a must to use stop loss. Anyone not using stop loss is merely gambling.

I don't really think you are right, I know is really good to use stop lose but is not mandatory, I can enter a trade and I won't use stop lose, using stop lose is just a choice because not everybody really like using stop loss and they always make their money, it those not mean they are gamblers or they are bad traders, I believe using of stop loss is just a choice, I know lot's of traders that don't use stop loss even during bear market and they still trade successfully.

[lalabotax]

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

Actually, using stop losses is not only for this kind of season. Stop-loss can help us to manage our fund and also a market for sure. However if we are a day trader or short-term holder, a stop loss can really help us to minimize or decrease the loss. As long as we know the right time and rate for stop loss, this is good enough to do it. However, if we are long term holders, we may not need stop loss because we are willing for long term.

[Shasha80]

I think it's normal for every trader to use stop loss in every trade because you can't always be right and also the market can decide to play around and hit your stop or change direction totally. So it's a must to use stop loss. Anyone not using stop loss is merely gambling.

I don't really think you are right, I know is really good to use stop lose but is not mandatory, I can enter a trade and I won't use stop lose, using stop lose is just a choice because not everybody really like using stop loss and they always make their money, it those not mean they are gamblers or they are bad traders, I believe using of stop loss is just a choice, I know lot's of traders that don't use stop loss even during bear market and they still trade successfully.

It's true that the stop-loss feature is not mandatory for us to use, depending on the results of the analysis and also the market situation.
I also made several trades without using the stop-loss feature and managed to make a satisfactory profit. Because the stop-loss feature must be
used at the right time, it doesn't mean we don't use the stop-loss feature like a gambler. That's the importance of trading courses, so that we can
learn many things, and know how to use the stop-loss feature well. In my opinion, sometimes too much use of the stop-loss feature can reduce
the profit we generate. So the use of the stop-loss feature must be wise.

[newdevices]

I think it's normal for every trader to use stop loss in every trade because you can't always be right and also the market can decide to play around and hit your stop or change direction totally. So it's a must to use stop loss. Anyone not using stop loss is merely gambling.

I don't really think you are right, I know is really good to use stop lose but is not mandatory, I can enter a trade and I won't use stop lose, using stop lose is just a choice because not everybody really like using stop loss and they always make their money, it those not mean they are gamblers or they are bad traders, I believe using of stop loss is just a choice, I know lot's of traders that don't use stop loss even during bear market and they still trade successfully.

Yes it is indeed a choice and everyone has their own way of trading too,
so when we see a trader there is using a stop loss and there is not using it I think that is a very normal thing,
what is clear is that everyone has the freedom to trade and it depends on their individual preferences

[sklopan]

Now is the right time to use this tool. I think that this may well allow the trader to avoid losses.

[freedomgo]

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 is really necessary or the best thing to do is to convert your crypto assets to stable coins so you will be safe from the bearish market. We are not sure if the bear market is already over as bitcoin has not fully recovered yet, so more opportunity to buy or accumulate and that is something not to be worried about.

[palle11]

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

This is the function of stop loss. When you use stop loss you have a perfect peace of mind while on the trade because the worst that can happen in that particular trade is to lose that part mapped out of your balance that you have decided to trade with.

I think it's normal for every trader to use stop loss in every trade because you can't always be right and also the market can decide to play around and hit your stop or change direction totally. So it's a must to use stop loss. Anyone not using stop loss is merely gambling.

I don't really think you are right, I know is really good to use stop lose but is not mandatory, I can enter a trade and I won't use stop lose, using stop lose is just a choice because not everybody really like using stop loss and they always make their money, it those not mean they are gamblers or they are bad traders, I believe using of stop loss is just a choice, I know lot's of traders that don't use stop loss even during bear market and they still trade successfully.

It is actually not a must depending on the traders experience or choice but it is required because it helps to reduce our loses. I have realize using of stop lose is better to be used when we reduce our risk. Because the reason for the negative experience that have made traders to recount bad experience by using stop loss is to take higher risk and when the stop loss is caught up, it will take off huge amount of our balance. Taking lower risk trade is better with stop loss.

[Desscount]

I think it's normal for every trader to use stop loss in every trade because you can't always be right and also the market can decide to play around and hit your stop or change direction totally. So it's a must to use stop loss. Anyone not using stop loss is merely gambling.

then what about the holders? do they gamble too? I don't think so!, I'm also a holder and don't use stop loses,
I bought a coin today and I believe that my coin will increase in the future, and that's the holder,.