A season for stop loss

[Smartvirus]

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?

Are you sure about that... That bitcoin is no longer making any more lows and as such, stop lose is no longer needed on a trade?
I really can't agree to that point with you. Sincerely, I never expected nor did any prediction that bitcoi  could make the low that it just did. Today's low came as a shocker to me and I wondered whats going on. Although, I know better not to sell but instead, be joyous of the perfect buying opportunity it creates, giving investors a chance to level up with early adopters, even though is just by a fraction.

Stop Lose is just a guide against the unexpected with some degree of possibility. Using it or not doesn't make you less a professional trader but, its another way to exercise caution and should he encouraged.

[AmoreJaz]

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.

i have the feeling that a lot of traders got liquidated owed to this recent crash. so i think, you need to re-visit your goals here and maybe, hold off your trades for a while and get the pulse of the market. stop loss will be your saviour if you are not very careful here.
maybe, time to assess things in the market and keep an eye with the news surrounding the crypto market. this will give you insights on what to do with your funds.

[Lanatsa]

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.

i have the feeling that a lot of traders got liquidated owed to this recent crash. so i think, you need to re-visit your goals here and maybe, hold off your trades for a while and get the pulse of the market. stop loss will be your saviour if you are not very careful here.
maybe, time to assess things in the market and keep an eye with the news surrounding the crypto market. this will give you insights on what to do with your funds.

Lots had been liquidated from those future/leverage trades but for those spot positions then as long they hadnt realized those losses or havent put up some SL's then there's still some chance for them to hold their position.

Stop loss are relevant but i do see for it to be useful when you are dealing with the price on a very active manner but if not then you would really be finding
a big problem if you dont know on how to handle your finances.

As long you dont sell then its not considered to be a loss.

[justdimin]

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.

You should still be careful though. I agree that with crypto there are some falls which are sharper than stocks, and the whole market is in a big fall, we reached like 70% or so down from the top, and that is a sad situation. I get that we will also recover a lot bigger as well, I agree that bitcoin could reach like 300k for example, before tesla goes up 2x from current price, so it is quite possible to make more money here.

But, just because the up is that much, doesn't  mean that we need to go that high, we could still end up with some part of making a good return while being careful with what we are investing into. Stop loss would be a smart decision in that case.

[ultrloa]

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.

i have the feeling that a lot of traders got liquidated owed to this recent crash. so i think, you need to re-visit your goals here and maybe, hold off your trades for a while and get the pulse of the market. stop loss will be your saviour if you are not very careful here.
maybe, time to assess things in the market and keep an eye with the news surrounding the crypto market. this will give you insights on what to do with your funds.

Lots had been liquidated from those future/leverage trades but for those spot positions then as long they hadnt realized those losses or havent put up some SL's then there's still some chance for them to hold their position.

Stop loss are relevant but i do see for it to be useful when you are dealing with the price on a very active manner but if not then you would really be finding
a big problem if you dont know on how to handle your finances.

As long you dont sell then its not considered to be a loss.

Stop loss might be applicable enough if you are losing to much money on it and maybe execute this as early as we can then take position on how market acts because from this we can recover back the losses we got on how the market goes at the moment. But its really a big problem if you don't know how to handle this kind of situation because we might get another lose if we take wrong step on executing our next positions.

[palle11]

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

This is really good advise for traders to avoid trapping and regret. If you don't use stop loss you may lose more than expected and at the end you can exhaust all finance in the particular trade because the market is really unpredictable and volatile. Once not taken a good decision at a spot, the volatility will not give you time for that. Therefore I think stop loss is very important to every trade entered.

[rozak]

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

This is really good advise for traders to avoid trapping and regret. If you don't use stop loss you may lose more than expected and at the end you can exhaust all finance in the particular trade because the market is really unpredictable and volatile. Once not taken a good decision at a spot, the volatility will not give you time for that. Therefore I think stop loss is very important to every trade entered.

some traders do not like the use of stop loss. they are oriented toward trading or a long-term investment. when they buy, they immediately sell within a specific target price. when the dump happens, we have to be calm, and not worry because everything will come back again. but in the selection of certain assets. this will change the plan from trading to long-term investment.

however, stopping losses helps traders to avoid bigger losses. once the asset is safe, we can buy back the asset at a lower price in the hope that the pump will return the capital.
To be honest, the current situation requires a good analysis to keep our assets at a stable value. The mind can panic when market conditions are chaotic.

[Joshapat]

Everything can happen and what we plan is often different from reality, today the market drop is more than 8% and a total drop of more than 28% in a week, even the altcoins that I hold like matic are also significant drops, I think it's too late if we stop loss More than 20%, hold and be patient is better to reduce losses and even profit.

[GeorgeJohn]

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. 

your statement and advice is cogent for cryptocurrency trading. Because it's has became obvious that cryptocurrency market is getting downstrend everytime. The best option as you said is to leave the market and when the market restructured you can come back for trading, i embraced such ideas.

[TheUltraElite]

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.

Yeah but it would also be wise to wait before buying. But I would agree that a possible reversal is starting and 22k USD will be the last bear range for this cycle. I expect an upward movement to start by tomorrow.

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.

Stop-loss should be used as much as possible not only in this stage but every-time the trader places an order. Fundamentals only speak of buying bitcoin and technicals should be used with caution.

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

I dont think much risk is involved in buying at this price range, unless another big downtrend starts. So you can divide your assets if you have any left for buying and use that to pick up the coins dropped from weak hands.

[Nrcewker]

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.

Yes many of are forgetting the 2018 time when Bitcoins dropped from 20k usd to 3k usd.
Similarly this time also it’s happening.
It’s just another dump. So no need to panic.
Yes as the OP said, it’s a great time for new investors who wants to buy Bitcoins and join the crypto space.
Right now buy Bitcoins in cheaper price and enjoy profits later on.
Just keep patience and have faith on the market.

[TelolettOm]

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

I think that a stop loss will be very useful for short term or day-trader. Moreover, if the price gets down to a certain rate. But, if the price has been decreasing so significantly until dipping again and again, for what we are using the stop loss? If the loss has been too down and we are too late. That is why the most recommended thing is setting stop-loss once we are setting for the buy and sell of the coins. So this will really help us to decrease more losses at certain rates.
As we know, the crypto market today is very unpredictable and it can go down very extremely only in several hours. The bearish is real.

[Issa56]

Currently I believe nobody can really predict the market and most people want to trade, so I believe whenever you enter a trade it better you use stop loss so incase the trade goes against you then you will be able to cut your loss. Actually not everybody really likes using stop lose, not everybody is in support of stop lose but I believe it's not really a bad idea to use stop lose. I will advise newbies to be very careful currently and they should try and make use of stop lose.

[blockman]

Everything can happen and what we plan is often different from reality, today the market drop is more than 8% and a total drop of more than 28% in a week, even the altcoins that I hold like matic are also significant drops

Well, if you see bitcoin dropping, expect that the whole altcoins market is also going to drop. No matter how you think those altcoins you've got are in shape, still, they're going to lose a lot because of bitcoin.

I think it's too late if we stop loss More than 20%, hold and be patient is better to reduce losses and even profit.

Yes, I also think that it's too late to stop loss if you've bought it before this 80% crash for most of the altcoins. But it's all your choice to make if you think that it's still worth to give it as stop loss.

[Xampeuu]

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

for me at this time we can actually take part in buying, by dividing into several buying areas, so that if the price drops again then I am ready to wait for the next purchase, I don't think about short-term trading, at this time I only rely on long-term investments, if the four-year cycle occurs again, so I have to be ready to wait another four years, therefore the capital I use is cold money

[Baofeng]

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.

Yeah, other traditional financial market is really down right now. But more so on crypto as it reacts on every global news like the war and then the recent Fed rate hike.

Anyhow, I think stop loss is really a must right now, just to play safe. But we all know that in trading, specially in the beginning, we should understand stop loss as this is the basic if you are going to stay longer in the market.

[Wawa2013]

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

The stop-loss feature is indeed useful to prevent us from experiencing even greater losses when there is a bear market like now. But if from
the beginning we plan for long-term investment, it seems that the stop-loss feature is not needed. Because I myself have decided to invest long-term,
so no matter how deep the market falls, I'm still patient holding the coins I have. I even decided to buy more coins that I considered potential
every time the price dropped lower, because I believe a bull market like what happened in 2021 will definitely happen again. But what concerns us all,
not all coins are good for long-term investments, besides investing in Bitcoin and Ethereum it's a good idea to use stop-loss. Because apart from Bitcoin
and Ethereum so far the risk is very high and there is no guarantee that all popular coins are good for long-term investments. We can see what
happened to LUNA, previously LUNA was very popular and was in the top 10, but surprisingly it fell drastically. I'm sure if we didn't use the stop-loss
feature when investing in LUNA, we would have already experienced a huge loss.

[Rufsilf]

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.

Yeah, other traditional financial market is really down right now. But more so on crypto as it reacts on every global news like the war and then the recent Fed rate hike.

Anyhow, I think stop loss is really a must right now, just to play safe. But we all know that in trading, specially in the beginning, we should understand stop loss as this is the basic if you are going to stay longer in the market.

At this tragic loss of prices, I'd somehow think that stop-loss is not the best option but holding. Just imagine buying Bitcoin at $30k (as an example) and then selling it now, we're losing much honestly and if you are not in need of money at this time, I don't think that can be an option to take. Yet, the price drop can't be predicted but to the moment seeing the market in bear season, I think we have been aware of that possibility (more drops than ups) and we deem make prepared for it to hold rather than sell.

[inthelongrun]

I am not selling anything right now. It's too late. Although I am expecting some more dips but we never know what happens next and my paper losses are already high so I just HODL than regret later if somehow the market makes a sudden turn of events. Interesting if we need to wait for the next halving or ATH happens earlier.

As for my experience last 2017 ATH, I should have sold all into stable currencies last late December or early January this year. Now it's HODL time! 

[Pandu Geddon]

I am not selling anything right now. It's too late.

when you're already losing money and maybe you're late making a sale when the downturn has just occurred. then hold is the best choice. Just believe it, the upcoming bull in the future will bring you in better shape.
although we don't know how long this situation will last. if there is the capital, we can buy back the asset at a cheaper price for the long term.
many are selling at a loss because of panic with the state of the market. Asset values that continue to decline certainly put pressure on investors.